SOURCE: Vicor Corporation
BANGALORE, INDIA--(Marketwired - Mar 5, 2014) - As part of its growth and expansion plans in India, Vicor Corporation (NASDAQ: VICR) today announced the appointment of Excelpoint as one of its distributors in India. This association will broaden the market reach for Vicor and continues to strengthen local support to customers across its range of high-performance power solutions.
This partnership is the latest initiative in Vicor's expansion in the Indian market and is an important addition to its existing channel portfolio, which already includes Future Electronics, SM Creative, and CoreEL Technologies. Apart from expanding its distribution network, Vicor has also appointed an additional field applications engineer, based in Delhi. Vicor's high-performance power solutions cover a wide range of markets. The company has already established a strong presence in the aerospace and defense sectors in India and these new appointments will help Vicor broaden its support for the growing Indian communications and industrial markets, including telecoms and transport/rail sectors.
Commenting on the announcement, Andy Gales, vice president of international sales, Vicor, said, "This announcement clearly underlines our commitment to investing in India, which is a crucial growth market for us, and a key driver of our continued global expansion. The appointment of Excelpoint will help us build a robust distribution network to tap into a vast community of electronics customers seeking to achieve the highest levels of design flexibility and power component efficiency and density from AC to the point of load. Excelpoint will now add to our rich network of sales and support infrastructure that will set the stage for our long term growth and expansion in the country."
"We are delighted to be partnering with Vicor. We work closely with global chip suppliers to identify new market and technology trends and Vicor's reputation as a trusted supplier will certainly help us leverage new business opportunities in the region. Vicor's product range will serve to complement our solution portfolio by offering best-in-class power technologies, services and solutions to our customers across the country for performance-critical applications across all power distribution architectures," said Albert Phuay, Chairman and Group CEO from Excelpoint.
As a leading electronic components distributor, Excelpoint has built a strong and in-depth understanding of the region and will serve as a strategic enabler of Vicor's vision of growth in India. In order to deliver superior modular power solutions and services to customers to help them achieve their power design goals, Vicor will supplement Excelpoint's technology expertise with continuous training and enablement programs across its product range. The appointment will expand Vicor's geographical reach to key semiconductor markets in Delhi, Mumbai, Hyderabad and Bangalore.
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About Excelpoint Systems (Pte) Ltd
Headquartered in Singapore in 1987, Excelpoint is a leading regional electronic components distributor. They provide quality components, engineering design services and supply chain management to manufacturers in Asia. Excelpoint works closely with global chip suppliers to identify new market and technology trends. They have subsidiaries and representative offices in 10 countries and over 25 cities. The company is listed as one of the Top 25 Global Distributors. http://www.excelpoint.com
About Vicor Corporation
Headquartered in Andover, Massachusetts, Vicor Corporation designs, manufactures and markets innovative, high-performance modular power components, from bricks to semiconductor-centric solutions, to enable customers to efficiently convert and manage power from the wall plug to the point of load. Complementing an extensive portfolio of patented innovations in power conversion and power distribution with significant application development expertise, Vicor offers comprehensive product lines addressing a broad range of power conversion and management requirements across all power distribution architectures, including CPA, DPA, IBA, FPA™ and CBA. Vicor focuses on solutions for performance-critical applications in the following markets: enterprise and high performance computing, telecommunications and network infrastructure, industrial equipment and automation, vehicles and transportation and aerospace and defense electronics. www.vicorpower.com
Vicor and FPA are trademarks of Vicor Corporation.