Avnet Memec Named Finisar Distributor of the Year in North America

Avnet Memec, a division of Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), today announced that it has received the Distributor of the Year award from Finisar Corporation, a prominent supplier of fiber optic components and subsystems.

“Our team works to match Finisar products with both the new and existing clients that need them,” said Ed Smith, president of Avnet Electronics Marketing Americas. “Receiving this award is really a statement both about the quality of the Finisar products and our ability to follow best practices across our business.”

“Avnet has been very proactive in our relationship and makes it easy to do business together,” said Todd Swanson, executive vice president of sales and marketing with Finisar Corporation. “In the past year, they’ve helped us strategically diversify our customer base, and create opportunities that will fuel our future success. Their team really earned this award.”

The award is given each year to a single Finisar distributor that demonstrates consistent revenue growth, design wins with new and existing customers, new market penetration, alignment with Finisar strategy, proactive communications, ease of doing business, and positive customer relationships.

Avnet Memec also received the Finisar Distributor of the Year award in 2006.