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\n Global technology solutions provider reaches centennial milestone <\/p>\n
PHOENIX, US –\u00a0Media
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\nOutReach<\/a>\u00a0– 26 January 2020 – At a time of major global change, leading technology solutions provider\u00a0<\/a>Avnet<\/a>
\n(NASDAQ: AVT<\/a>) is marking the company’s 100th<\/sup>
\nanniversary in 2021, joining an elite group of companies that have reached
\ntheir centennial. From its origins on
\nRadio Row, the Manhattan warehouse district famous for its post-World War I
\nelectronics shops, to its current position as a top global distributor, Avnet has
\nspent the last century navigating the complex technology landscape and helping
\nits customers do the same.<\/p>\n
\nrepresents a century of transformation and resilience, and Avnet’s Centennial
\nCentral website celebrates the people, values and foundation that have helped
\nthe company thrive over its 100-year history<\/span>.<\/span><\/p>\n
\nthe employees, leaders, partners, shareholders and customers who have helped
\nthe company reach this landmark anniversary. Your talent, relationships and
\ninnovative spirit will help us further drive technology forward in the next
\ncentury,” said Phil Gallagher, CEO. “Less than one percent of U.S.-based companies
\nachieve this milestone. We are honored to join the elite group of companies that
\nhave made it to their centennial. In one hundred years, Avnet has gone from a
\nsmall components shop to a global distributor and solutions provider firmly set
\nat the center of the technology value chain. These last hundred years have been
\ndriven by generations of employees who continue to shape and transform Avnet to
\nmeet new market challenges and deliver world-changing technology solutions to
\nour customers and suppliers.”<\/span><\/p>\n
\nyears, Avnet embarked on a continuous transformation alongside the
\never-evolving technology market. Resiliency, adaptability and execution have
\nbeen key as Avnet continues to enable its customers and accelerate
\ntechnological development through its expertise in components distribution and
\ndeep knowledge of the global supply chain. Today, Avnet is continually
\nstrengthening and evolving its core business, managing the complex global
\nenvironment with diverse revenue streams that drive top-line growth while
\ncontinuing to innovate and accelerate our differentiated capabilities such as
\ndigital, Avnet Integrated and IoT solutions. The company continues to help
\nsupplier partners deploy their technologies to meet end customers’ needs. Avnet
\nis ranked #169<\/span>
\nand has been named one of Ethisphere’s Most Ethical Companies for seven
\nconsecutive years.<\/span><\/p>\n
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\n immigrant. <\/li>\n
\n assemble state-of-the-art military antennas–remaining at the forefront of
\n innovation by helping master this technology and condense delivery times
\n to help the U.S. war effort.<\/li>\n
\n Los Angeles, Calif. <\/li>\n
\n Electronics Corp.<\/li>\n
\n 1960s and 70s, the company made guitars and counted The Beatles and Richie
\n Havens among its customers.<\/li>\n
\n provided a range of zero-defect components to Hughes Aircraft, which built
\n the Surveyor soft-landing lunar spacecraft. The fifth Surveyor touched
\n down at the Tycho Crater on January 10,1968. This is also the same year
\n that Avnet entered the Fortune 500, at #467.<\/li>\n
\n order with Intel. <\/li>\n
\n microprocessor demonstration centers, as semiconductor sales were almost
\n triple that of connectors. <\/li>\n
\n distribution industry’s first Asia stocking location in Tokyo.<\/li>\n
\n demand and created an excess of inventory throughout the semiconductor
\n industry in the 1980s, Avnet revolutionized the industry by centralizing
\n and automating its inventory management in its first mega-warehouse
\n in Peabody, Mass. <\/li>\n
\n second mega-warehouse in Chandler, Ariz., linking the two with a proprietary
\n online transaction processing computer system named “Genesis” in 1988. <\/li>\n
\n American semiconductor lines.<\/li>\n
\n for engineering and technical assistance. <\/li>\n
\n in Hong Kong.<\/li>\n
\n 2020, Farnell had sold 15 million of the 30 million Raspberry Pis sold.<\/li>\n
\n continued commitment to furthering today’s ideas into tomorrow’s
\n technologies. <\/li>\n
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