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Press release from Business Wire

Arrow Electronics Joins with SiTime to Accelerate the Transition to MEMS-based Timing Solutions

<p class='bwalignc'> <i><b>Comprehensive Portfolio of MEMS-based Silicon Timing Solutions offer Enhanced Performance, Features, and Reliability over Quartz Devices</b></i> </p>

Wednesday, November 16, 2011

Arrow Electronics Joins with SiTime to Accelerate the Transition to MEMS-based Timing Solutions08:00 EST Wednesday, November 16, 2011 HONG KONG (Business Wire) -- Arrow Electronics, Inc. (NYSE: ARW) has expanded its line card with SiTime's revolutionary new SiT530x family of Stratum 3 compliant oscillators that are designed to replace OCXOs and TCXOs. Since entering into a global distribution agreement in February 2011, Arrow and SiTime have been actively promoting MEMS oscillators and clock generators in the Asian market to drive the replacement of quartz crystal products with silicon MEMS. Today's announcement could dramatically accelerate the electronics industry's adoption of MEMS-based silicon timing solutions. “Arrow joined with SiTime to accelerate the transition from quartz to more efficient, cost-effective MEMS-based solutions for our customers in Asia. SiTime is a leader in timing solutions and continues to set new benchmarks in performance and cost,” said Esmond Wong, vice president of business development for Arrow Asia Pac Ltd. “With SiTime's unique technology and Arrow's large footprint in Asia, we are well positioned to provide our customers with industry-leading MEMS-based silicon timing solutions that offer enhanced performance, features and reliability, with shorter lead times and a lower cost of ownership.” “Arrow Electronics, with its global reach and exceptional value-added services, is a key partner to drive the electronics industry transition from quartz to MEMS-based timing solutions,” said Piyush Sevalia, vice president of marketing at SiTime. “The new SiT530x family will help Arrow provide customers with solutions that boost the performance and reliability of their timing requirements for a wide range of applications, including telecom, networking, communication and storage computing.” Arrow Asia Pac Ltd., a business unit of Arrow Electronics, is one of Asia-Pacific's leading electronic component distributors. In addition to its regional headquarters in Hong Kong, Arrow Asia Pac operates 54 sales offices, four primary distribution centers and 14 local warehousing facilities in 13 countries across Asia. About Arrow ElectronicsArrow 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 Englewood, Colo., 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 SiTimeSiTime Corporation, an analog semiconductor company, offers MEMS-based silicon timing solutions that replace legacy quartz products. With 85% market share and over 75 million devices shipped, SiTime is driving the $5 Billion timing market's transition to 100% 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 allows 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. Top-tier manufacturers are experiencing these benefits and recognize SiTime as The Smart Timing Choice™. Hong KongArrow Electronics, Inc.Grace Kung, Senior Marketing Communications Manager852-2484 2682grace.kung@arrowasia.comorNorth AmericaChris Maio, Manager, External Communications631-847-5454cmaio@arrow.com