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TTI Expands With TE Connectivity in Brazil

TTI, Inc., a leading specialty distributor of electronic components, continues expanding its product offering in Brazil and South America by adding TE Connectivity products in its proximity warehouse in São Paulo, beginning August 2021. “We want to offer our in-country customers, the convenience of buying locally the same products they can select in our line…

ECIA Welcomes New Director

ECIA is pleased to announce that Stephanie Tierney will join the staff as Director of Marketing Communications and Member Engagement. Stephanie Tierney has been in the tech industry for over 15 years with seven years of association and membership engagement experience specifically in the electronic components industry. Ms. Tierney will work alongside Debbie Conyers, currently…

EDS 2021 Canceled

The board of directors for the 2021 EDS Leadership Summit has announced the event has been canceled. In a message on ECIA’s website, President and CEO David Loftus wrote: In planning this year’s EDS, the number one concern has always been the health and safety of the attendees and their families. It is in that…

Allied Partners With Omron on Predictive Maintenance

Allied Electronics & Automation is partnering with Omron Industrial Automation to promote its latest line of predictive maintenance solutions. Designed for industrial businesses facing unplanned downtime, maintenance for aging equipment, and ongoing worker shortages, Omron’s products offer customers the ability to implement simple, elegant, and cost-effective predictive maintenance solutions that not only monitor equipment status in…

Avnet FY Q4 Sales Grow 25.7%

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended July 3, 2021. Commenting on the Company’s financial results, Avnet Chief Executive Officer Phil Gallagher stated, “In the fourth quarter, we delivered strong sales growth with record sales in our Electronic Components business and at Farnell, driving operating margin improvement approaching our 3%…

Arrow Q2 Sales Up 30%

Arrow Electronics, Inc. (NYSE:ARW) today reported second-quarter 2021 sales of $8.56 billion, an increase of 30 percent from sales of $6.61 billion in the second quarter of 2020. Second-quarter net income was $241 million, or $3.23 per share on a diluted basis, compared with a net income of $133 million, or $1.68 per share on…