IMP AND JACO ELECTRONICS FORM POWER PACT
The following press release was published on Business Wire on March 23, 1999: The first three paragraphs of the release state:
SAN JOSE, CA., March 23, 1999 -- IMP, Inc. (Nasdaq: IMPX) today announced that Jaco Electronics of Hauppauge, New York, will distribute IMP Power Management and Data Communications interface integrated circuits in the United States.
"Our Power Management and Data Communications market success rests on offering purchasing agents and design engineers superior service and better performing products," said Barry Wiley, IMP vice president of marketing, sales and applications. "Jaco's customer centered sales strategy and experienced field application engineering staff were key factors in selecting Jaco".
"Jaco Electronics is committed to providing total Power Management solutions to our broad customer partner base," indicated Dennis Schweber, Vice President of Marketing and Asset Management. "With the addition of IMP, Inc. and their Power Management IC focus, along with proprietary and improved second source products strategy, our sales team and field Applications Engineers will be able to offer a greater variety of productive and innovative solutions to our customers power needs. IMP, Inc. complements our extensive Power Management line card very well."
In a separate release also published today for the Australian and New Zealand press, IMP announced
IMP AND ARROW ELECTRONICS AUSTRALIA FORM EXCLUSIVE DISTRIBUTION PACT
SAN JOSE, CA., March 23, 1999 -- IMP, Inc. (Nasdaq: IMPX) today announced Arrow Electronics Australia Pty. Ltd. will distribute IMP power management and data communications interface integrated circuits in Australia and New Zealand.
"New design activity for power management devices is growing rapidly in Australia and New Zealand. We expect our market share to increase now that IMP can provide same-day application and sales support from our new Asia Pacific sales operation located in Singapore," said Philip Wong, IMP director of Asia/Pacific Sales
The full texts of both releases are posted on the IMP website at impweb.com
Statements in this press release regarding IMP's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including, but not limited to demand for the Company's products, foundry utilization, the ability of the Company to develop, manufacture and market new products, demand by end-users for the products produced by the Company's customers, and the other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. |
