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NVE Corporation (Nasdaq:NVEC) announced today that it has entered into a distribution agreement with Newark InOne to supply NVE's award-winning IsoLoop(r) Spintronic Coupler line.
"This distribution agreement will significantly broaden our North American coverage," said NVE President and CEO Daniel A. Baker, Ph.D. "Newark InOne is a leader in the catalog-oriented distribution sector, and therefore an excellent fit with our IsoLoop distribution strategy."
Newark InOne is the seventh-largest electronic component distributor in North America according to a ranking by Reed Corporate Research based on 2005 revenue.
NVE couplers can be ordered immediately from Newark InOne. Links are available from the "Isolator Sales" section of http://www.IsoLoop.com or http://www.nve.com .
NVE's IsoLoop Spintronic Couplers are the ideal alternative to optical couplers. Based on NVE's patented spintronic giant magnetoresistance (GMR) technology, the products provide extraordinary performance including high speed, small size, minimal pulse width distortion, high common mode rejection, and high standoff voltage.
NVE is a leader in the practical commercialization of spintronics, a nanotechnology that many experts believe represents the next generation of microelectronics. NVE licenses its MRAM intellectual property and sells spintronic products, including sensors and couplers, to revolutionize data sensing and transmission.
Statements used in this press release that relate to future plans, events, financial results or performance are forward-looking statements that are subject to certain risks and uncertainties including, among others, such factors as risks related to competitive threats, risks associated with our reliance on several large customers, and risks associated with meeting stringent customer technical requirements, as well as the risk factors listed from time to time in our filings with the SEC, including our Annual Report on Form 10-K and other reports filed with the SEC.
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Curt Reynders, CFO
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