Synnex Corporation: SYNNEX Corporation Brings iriver Wearable Technology to
the IT and CE Channels
Agreement demonstrates SYNNEX and its CE division New Age Electronics'
continued investment in the wearable health and fitness technology category
GREENVILLE, SC - June 23, 2014 - SYNNEX Corporation (NYSE:SNX), a leading
distributor of IT products and services, announced today that it is a key
distributor of iriver, the creator of the smart exercise headset the iriver
ON. A Bluetooth audio headset powered by PerformTek^® Precision Biometrics,
the iriver ON is equipped with state of the art sensor technology that
continuously measures real-time biometric data, including heart rate, physical
location and workout data, with a high degree of accuracy and consistency
while the user listens to music or answers phone calls. The iriver ON is
available to retailers through New Age Electronics, a leading distributor of
consumer electronics products and services and a division of SYNNEX
Corporation. The iriver product strengthens SYNNEX and New Age Electronics'
growing wearable technology portfolios and contributes to their evolution to a
one-stop shop for resellers and retailers.
"We are pleased to expand our investment in the wearable health and fitness
category by bringing iriver to the IT and CE channels," said Peter Larocque,
President, North America, Distribution, SYNNEX Corporation. "This unique
product line brings new possibilities to a wider demographic of users and
creates a new standard for devices that blend fitness, entertainment and
functionality in one of the most rapidly growing technology categories in the
According to Marketdata Enterprises, Americans spend north of $60 billion
annually to lose weight and spend is only increasing. The iriver ON delivers a
more precise wireless solution to this rapidly growing market. Designed for
both male and female users of all ages, the iriver ON offers consistent
monitoring of heart rate and biometric information without the discomfort of
wearing a chest strap. The iriver ON Smartphone App serves as a personal
trainer for users and provides a customized, repeatable workout experience
with no additional clips, dongles or extra gear.
"An industry-proven leader in IT and CE distribution, SYNNEX enables iriver to
expand its reach in these dynamic channels and capitalize on new growth
opportunities," said Owen Kwon, Vice President, Business Development for
iriver. "Our agreement brings together two leaders in technology innovation
and delivers the benefits of collaboration to an established and rapidly
growing health and fitness customer base."
As one of the first companies to introduce a MP3 device, iriver is a trusted
brand manufacturer and forward-looking leader in technology innovation. By
delivering an easy to use technology with a long life-cycle, iriver fills an
industry-wide gap with its award-winning iriver ON product. Since its launch,
the iriver ON has been covered by Forbes, C/net, Gizmodo, Popular Science,
Engadget and MIT Technology Review, among others.
To learn more about iriver, resellers can contact SYNNEX' New Age Electronics
Division at 800-947-5974 or firstname.lastname@example.org.
About SYNNEX Corporation
SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading
business process services company, servicing resellers, retailers and original
equipment manufacturers in multiple regions around the world. The Company
provides services in IT distribution, supply chain management, contract
assembly and global business services. Founded in 1980, SYNNEX employs
approximately 49,000 full-time and part-time associates worldwide. Additional
information about SYNNEX may be found online at www.synnex.com
About New Age Electronics
New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), is a sales
and supply chain solutions innovator that provides consumer technology (CT)
manufacturers with a broad offering of logistics, distribution and
remanufactured services. Extensive experience in the CT industry and a
customer-centric approach has made New Age Electronics the provider of choice.
New Age Electronics distinguishes itself with efficient operations and
relentless focus on customer satisfaction. Founded in 1988, New Age
Electronics is headquartered in Carson, California. For more information
about New Age Electronics, call (310) 549-0000, toll-free (888) 234-0300 or
visit the company's website at www.newageelectronics.com.
Iriver Ltd is the global IT device powerhouse. Since its founding in 1999
iriver has become renowned for its product innovation, style-driven technology
and track record of market dominance. The company's ever expanding digital
product lines include: Multimedia Devices (MP3, MP4, PMP, DMB), Network
Devices (Home Media Centre, Wi-Fi Network, Navigation Products) and Content
Devices (E-Dictionary, E-Book). For more information on iriver and its product
lines, please visit: www.iriverinc.com and
Safe Harbor Statement
Statements in this release that are forward-looking, such as product features
and capabilities, category investment and growth, weight loss spending
increase, and success of the collaboration, involve known and unknown risks
and uncertainties, which may cause the Company's actual results in future
periods to be materially different from any future performance that may be
suggested in this release. The Company assumes no obligation to update any
forward-looking statements contained in this release.
Copyright 2014 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX
Logo, NEW AGE ELECTRONICS, the NEW AGE ELECTRONICS logo and all other SYNNEX
company, product and services names and slogans are trademarks or registered
trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, NEW AGE ELECTRONICS
and the NEW AGE ELECTRONICS Logo Reg. U.S. Pat. & Tm. Off. Other names and
marks are the property of their respective owners.
Account Director, Hughes
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Synnex Corporation via Globenewswire
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