RFM and Future Electronics Sign Worldwide Distribution Agreement for Entire RFM RF Product Portfolio
DALLAS, TEXAS, (July 12, 2011) RF Monolithics, Inc. (RFM [NASDAQ: RFMI] the “Company”),
a leader in M2M and wireless communications-enabling technology, has signed a world-wide franchise distribution agreement with Future Electronics, a world class leader and innovator in the distribution and marketing of electronic components. Under the new agreement, Future Electronics will provide global sales, design support and fulfillment services for RFM certified RF modules, short-range IC radios, and RF components products.
“RFM’s extensive product portfolio targets the burgeoning demand for RF products in the M2M industry that consume very little power and are highly reliable. As a result, RFM’s products give Future Electronics a broader horizon of customers than ever before,” said Todd Fiske, VP RF & Wireless Solutions of Future Electronics. “Many of RFM products operate in the 2.4 GHz band in a broad assortment of technologies, plus a wide range of ISM bands. Adding all these products into our product mix increases our ability to create design solutions across a wide range of applications and markets for our global customers.”
Said Duane Covell, RFM’s Director of Worldwide Distribution, “With their world-class web platform and distribution capabilities, Future Electronics is effective at serving both the small volume market space and the very large production market. As a result, RFM customers can competitively source R&D, prototyping and production quantities from the same global distributor - Future Electronics.”
In addition to their state-of-the-art web capabilities and distribution facilities, Future Electronics also offers RFM customers advanced engineers and System Design Centers to assist customers with new product development, product design evaluation, reference design validation, proof-of-concepts, and various other design consulting services.
Said Covell, “A key benefit for RFM customers will be the use of our developer kits in the Future Electronics Tool Loaner Program during initial platform evaluation, verification and design process conducted with customers. Opportunities such as this where RFM and Future Electronics partners together to support customers are why we look forward to our relationship with Future Electronics.” In addition to being made available through the Tool Loaner Program, the RFM developer kits (and all RFM products) are sold globally through www.futureelectronics.com or through any of Future Electronic’s local sales representatives around the world.
RFM’s broad line of standards-based certified modules and short-range IC radios, in addition to RFM proprietary certified modules and short-range IC radios and RF components can be integrated into a long list of common M2M and communications applications. Those applications include medical and healthcare, building automation and control, smart grid and advanced metering infrastructure, industrial grade wireless networks, automotive and transportation, and telecommunications. RFM products are embedded directly into OEM products.
All categories of certified RF modules, short-range IC radios, and RF components are in stock and available for same-day shipping when ordered from www.futureelectronics.com.
RF Monolithics, Inc., headquartered in Dallas, Texas, is a provider of solutions-driven, technology-enabled wireless connectivity for a broad range of wireless applications—from individual standardized and custom components to modules for comprehensive industrial wireless sensor networks and machine-to-machine (M2M) technology. For more information on RF Monolithics, Inc., please visit the Company’s website at www.RFM.com.
About Future Electronics
Future Electronics is a world class leader and innovator in the distribution and marketing of electronic components. Having served the electronics industry for more than 40 years, Future Electronics is uniquely positioned as the only truly global distributor of electronic components supporting customers of all sizes. Future Electronics currently operates in 169 locations in 42 countries in the Americas, Europe and Asia, with its corporate headquarters in Montreal, Canada. For more information about Future Electronics, visit their website www.futureelectronics.com.
This news release contains forward-looking statements, made pursuant to the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Statements of the plans, objectives, expectations and intentions of RFM and/or its wholly-owned subsidiaries (collectively, the “Company” or “we”) involve risks and uncertainties. Statements containing terms such as “believe”, “expect”, “plan”, “anticipate”, “may” or similar terms are considered to contain uncertainty and are forward-looking statements. Such statements are based on information available to management as of the time of such statements and relate to, among other things, expectations of the business environment in which we operate, projections of future performance, perceived opportunities in the market and statements regarding our mission and vision, and future financial and operating results. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, including risks related to full recovery in productive capacity by our Japanese contract manufacturer and other Japanese suppliers, economic conditions as related to our customer base, collection of receivables from customers who may be affected by economic conditions, the highly competitive market in which we operate, rapid changes in technologies that may displace products sold by us, declining prices of products, our reliance on distributors, delays in product development efforts, uncertainty in consumer acceptance of our products, changes in our level of sales or profitability, manufacturing and sourcing risks, availability of materials, cost of components for our products, product defects and returns, as well as the other risks detailed from time to time in our SEC reports, including the report on Form 10-K for the year ended August 31, 2010. We do not assume any obligation to update any information contained in this release.