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B&O PLAY by Bang & Olufsen Teams with New Age Electronics to Expand Footprint in the US Retail Channel

SNX, TK

 

New Age Electronics Logo

Leading consumer electronics distributor brings a contemporary and luxurious audio experience to key retailers and fashion retailers across the US 

Las Vegas, NV (from 2015 International Consumer Electronics Show) - January 6, 2015 - New Age Electronics, a leading distributor of consumer electronics and gaming products and services and a division of SYNNEX Corporation (NYSE: SNX), announced today that it has been selected by B&O PLAY by Bang & Olufsen, which delivers best-in-class audio products in luxurious and contemporary designs, to distribute its B&O PLAY products, including its award-winning music systems, speakers and headphones, to key retailers and fashion retailers across the US. B&O PLAY products present design excellence, craftsmanship and product innovation and resonate among design-conscious consumers and music enthusiasts who live an active lifestyle.

A Denmark-based company that has become an international design icon and global symbol of audio excellence across more than 100 countries, B&O PLAY by Bang & Olufsen offers cutting edge, stand-alone mobile products that are intuitive to use and easy to integrate into daily life, at home or on the move. B&O PLAY products deliver excellent high-quality experiences and mirror the impeccable brand values of Bang & Olufsen. The company's music systems, high-performance loudspeakers and headphones combine technological excellence with emotional appeal and sensational design to bring today's audio entertainment experience to a new level.

"New Age Electronics and B&O PLAY share strong synergies in delivering cutting-edge digital products that allow listeners to experience audio in a way that enhances the consumer lifestyle," said Fred Towns, President, New Age Electronics. "By combining the high-quality and stylish B&O PLAY products with our expansive reach and industry expertise across a range of solutions, we are well-equipped to provide an innovative and distinctive audio experience to retailers."

"New Age Electronics has the reach and influence to take our US expansion strategy to the next level," said Henrik Taudorf Lorensen, Corporate Vice President, B&O PLAY. "By collaborating in this space, we are able to reach select new retailers and deliver the excitement of the quality, design and performance of Bang & Olufsen digital products to more consumers."

The distribution agreement covers all B&O PLAY audio products, including BeoPlay A9, S8 and the new A2, a powerful, ultra-portable Bluetooth speaker with 360 degrees of ground-breaking sound and an unprecedented 24 hours of battery life. Additionally, its impressive headphone range is also showcased through BeoPlay H6, H3, Form 2i, EarSet 3i and the new H2.

To learn more about B&O PLAY by Bang & Olufsen through New Age Electronics, call (800) 947-5974 or email mikemu@synnex.com.

About New Age Electronics
New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), is a sales and supply chain solutions innovator that provides consumer technology (CT) manufacturers with a broad offering of logistics, distribution and remanufactured services. Extensive experience in the CT industry and a customer-centric approach has made New Age Electronics the provider of choice. New Age Electronics distinguishes itself with efficient operations and relentless focus on customer satisfaction. Founded in 1988, New Age Electronics is headquartered in Carson, California.  For more information about New Age Electronics, call (310) 549-0000, toll-free (888) 234-0300 or visit the company's website at www.synnex.com/nae.

About SYNNEX Corporation
SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, optimizing supply chains and providing customer care solutions for its clients. The Company distributes a broad range of information technology systems and products, and also provides systems design and integration services. The Concentrix segment offers a portfolio of end-to-end outsourced services around process optimization, customer engagement strategy and back-office automation to clients in ten identified industry verticals. Founded in 1980, SYNNEX has over 50,000 employees worldwide. Additional information about SYNNEX may be found online at www.synnex.com.

Safe Harbor Statement
Statements in this release that are forward-looking, such as product features and capabilities, expansion in the US through key and fashion retailers, and general success of the collaboration, involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2015 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, NEW AGE ELECTRONICS, the NEW AGE ELECTRONICS Logo and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, CONCENTRIX, NEW AGE ELECTRONICS and the NEW AGE ELECTRONICS Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

SNX-G

Media Contact
Eliza Bostian
Senior Account Executive, Hughes Agency
For SYNNEX Corporation
(864) 271-0718
elizab@hughes-agency.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Synnex Corporation via Globenewswire

HUG#1884569


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