1/17/2003 - Vitesse Semiconductor Corporation (Nasdaq:VTSS) announced the availability of logistic services to its customers in North America through a service contract with Titan Logistics Corp. Focused on the needs of the OEM (original equipment manufacturers), EMS (electronic manufacturing services) and CM (contract manufacturers) communities, Vitesse and Titan Logistics will provide dedicated resources and broaden the services offered to these customers. New services include: EDI order processing; purchase order tracking and management system; demand forecasting of inventory requirements; multi-user and VMI programs; and efficient fulfillment procedures. Titan Logistics will also provide warehousing of Vitesse products from its facilities located in New York. Services will be available beginning in March 2003.
"Vitesse plans to provide centralized order fulfillment centers worldwide to meet the immediate needs of our customers. Having Titan Logistics service North America is a natural extension to the successful customer service programs we have jointly developed for other countries," commented Phil Richards, Vitesse's vice president of Channel and Partner Sales.
"We are delighted that Vitesse has chosen us to provide supply chain management services in North America," said Jim Buzaid, vice president and general manager of Titan Logistics Corp. "Both companies understand the dynamics of today's global business environment. Titan's ability to provide a single global solution through systems, processes and people will enable Vitesse to ensure its customers receive both quality products and services."
Titan also provides Vitesse's logistics services throughout Asia and is a wholly owned subsidiary of North American based distributor, Nu Horizons Electronics Corp. (Nasdaq:NUHC).
Vitesse Semiconductor Corporation is a leading designer and supplier of innovative, high-performance integrated circuits (ICs) and optical modules used in next generation networking and optical communications equipment. The Company's products address the needs of Enterprise, Access, Metro, Core, and Optical Transport network equipment manufacturers who demand a robust combination of high-speed, high-service delivery and low-power dissipation in their products. In concert with its broad communications product portfolio, Vitesse also develops ICs for storage area networking and enclosure management. Company and product information is available by calling 1-800-VITESSE or at www.vitesse.com.
Titan Logistics Corp., a wholly owned subsidiary of Nu Horizons Electronics Corp. (NASDAQ:NUHC), provides global contract supply chain solutions. Titan's information services, value-added capabilities and regional logistics centers enable its customers to service their global needs. Titan Logistics Corp. services Southeast Asia through its affiliate Titan Supply Chain Services, PTE. Information on Titan and its services is available at www.titanlogistics.com.
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