Avnet Embedded and KORE Enter Service Provider Agreement in the Americas

  Avnet Embedded and KORE Enter Service Provider Agreement in the Americas

                  Deal Will Help Drive M2M Services Delivery

Business Wire

PHOENIX & ALPHARETTA, Ga. -- January 30, 2013

KORE, the world’s largest wireless services provider specializing in
machine-to-machine (M2M) communications, today announced that it has signed an
agreement with Avnet Embedded, a division of Avnet Electronics Marketing
Americas, a business region of Avnet, Inc. (NYSE: AVT). This agreement covers
the global KORE network, which is comprised of cellular and satellite services
and powers M2M applications across a number of industries, including
healthcare, utilities, enterprise IT, transaction processing and fleet
management.

Under the service provider agreement, Avnet Embedded will now offer its
customers based in the Americas region, including those in emerging M2M
markets in Latin America, access to the KORE network, featuring the most
ubiquitous and reliable connectivity in the industry. Avnet Embedded customers
on the KORE network will benefit from the Company’s global cellular and
satellite network, Global Connect, and KORE’s intelligent pricing program,
IntelliRate, which is based on patterns in data usage rates. KORE provides
unified control and management for its cellular network with service delivery
in more than 180 countries worldwide and maritime and remote location coverage
with satellite network services to deliver truly global M2M connectivity for
connected devices.

“This agreement allows Avnet Embedded to offer our customers access to the
leading M2M network for cellular and satellite connectivity,” said Chuck
Kostalnick, senior vice president, Avnet Embedded. “KORE’s unmatched industry
expertise and proven service and support model provides our customers with the
most innovative and effective method for harnessing the power of M2M
connectivity to deliver applications that drive business efficiencies and
deliver new revenue streams.”

“Global connectivity via cellular and satellite networks is driving M2M growth
in emerging vertical markets, such as telehealth, fleet tracking, digital
signage and payment processing, and our partnership with Avnet Embedded will
help expand the use of the KORE network across an increasing number of global
enterprises,” said Robert Metzler, executive vice president of sales and
marketing, KORE Telematics. “With its strong market presence -- particularly
in Latin America -- Avnet Embedded will help M2M solution providers realize
the power of KORE to reliably and cost-effectively deliver their M2M
applications to the marketplace.”

About KORE

KORE is the world’s largest wireless network provider specializing exclusively
on the rapidly expanding global machine-to-machine (M2M) communications
market. Providing unified control and management for cellular network service
delivery in more than 180 countries worldwide, KORE empowers its application,
hardware and wireless operator partners to efficiently deliver M2M solutions
for connected devices across the globe. M2M applications in industries as
diverse as healthcare, utilities, enterprise IT, transaction processing and
fleet management rely on the KORE network to deliver operational efficiencies
and cost savings. KORE offers a range of technologies — including GSM, HSPA,
CDMA and EV-DO — that ensures the greatest possible reliability and coverage.
For more information, please visit www.koretelematics.com.

About Avnet Electronics Marketing

Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc.
that serves electronic original equipment manufacturers (EOEMs) and electronic
manufacturing services (EMS) providers in more than 70 countries, distributing
electronic components from leading manufacturers and providing associated
design-chain and supply-chain services. The group’s website is located at
www.em.avnet.com.

About Avnet

Avnet, Inc. (NYSE:AVT), a Fortune 500 Company, is one of the largest
distributors of electronic components, computer products and embedded
technology serving customers globally. Avnet accelerates its partners’ success
by connecting the world’s leading technology suppliers with a broad base of
customers by providing cost-effective, value-added services and solutions. For
the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion.
For more information, visit www.avnet.com. Visit Avnet’s Investor Relations
Website at www.ir.avnet.com or contact us at investorrelations@avnet.com.

Contact:

Schwartz MSL
Keith Giannini or Rob Skinner, 781-684-0770
kore@schwartzmsl.com
 
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