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Press release from Business Wire

Arrow Electronics Signs Global Distribution Agreement with SiTime for MEMS-Based Silicon Timing Solutions

Thursday, February 03, 2011

Arrow Electronics Signs Global Distribution Agreement with SiTime for MEMS-Based Silicon Timing Solutions10:45 EST Thursday, February 03, 2011 MELVILLE, N.Y. (Business Wire) -- Arrow Electronics, Inc. (NYSE: ARW) has signed a global distribution agreement with SiTime Corporation, a leader in MEMS-based silicon timing solutions. Under the agreement, Arrow will distribute SiTime's complete portfolio of MEMS-based oscillators and clock generators to customers in the Americas, Europe, Middle East, Africa and Asia-Pacific regions. “Arrow brings best-in-class engineering and support infrastructure, successful execution and global reach to the multibillion-dollar timing industry,” said Rajesh Vashist, chief executive officer of SiTime. “Every qualified customer engagement at SiTime has resulted in replacing quartz products with our MEMS-based silicon timing solutions. We look forward to accelerating the deployment of our solutions to customers worldwide, with Arrow's strength in new design demand creation, global supply chain and value-added programming services.” “Timing products are the heartbeat of today's electronic systems and are crucial to their performance and reliability,” said Jeff Eastman, senior vice president of global supplier marketing and asset management for Arrow Electronics. “SiTime's products offer precise programmability - a unique differentiator which enables Arrow to have products in stock, deliver them within short lead times, and configured to the customer's specifications. SiTime is a solid addition to our linecard and we look forward to a productive relationship.” About Arrow Electronics Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, N.Y., Arrow serves as a supply channel partner for over 1,200 suppliers and 115,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 52 countries. About SiTime SiTime Corporation, an analog semiconductor company, offers MEMS-based silicon timing solutions that replace legacy quartz products. With over 30 million devices shipped, SiTime is driving the timing market's transition to 100 percent silicon-based timing. SiTime's configurable solutions enable customers to differentiate their products with higher performance, reduced size and better reliability. The rich feature set and flexibility of our solutions allow customers to consolidate their supply chain, reducing cost of ownership and time to market. By using standard semiconductor processes and high-volume plastic packaging, SiTime offers the best availability and shortest lead times in the industry. Arrow Electronics, Inc.Chris MaioManager, External Communications631-847-5454cmaio@arrow.com