ALISO VIEJO, Calif., May 26, 2015 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced an expanded distribution agreement with Arrow OEM Computing Solutions that provides integration, manufacturing, and supply chain management services to industrial OEMs and intellectual property-based companies. Under the terms of the agreement, Arrow will offer QLogic's complete portfolio of 10Gb Ethernet, Fibre Channel, and converged networking solutions throughout Europe, the Middle East and Africa (EMEA).
"Arrow OEM Computing Solutions provides businesses with instant infrastructure and access to a dedicated team of experts who fully understand their needs and goals," said Franco Mezzullo, vice president, EMEA, QLogic. "This agreement expands our customer base and helps us accelerate market acceptance of our 10Gb Ethernet adapters, which have recently achieved the second largest market share in the world1. Together, QLogic and Arrow are making it easier for organizations throughout Europe, the Middle East and Africa to purchase and deploy networks based on QLogic's innovative 10Gb Ethernet adapters and converged networking adapters, as well as the leading brand in Fibre Channel adapters. This also provides us with an opportunity to further develop our embedded solutions business."
"This agreement strengthens our Fibre Channel offerings for storage networking and emphasizes our commitment to the growing 10Gb Ethernet and converged networking market," said Amir Mobayen, vice president and general manager, Arrow OEM Computing Solutions EMEA. "QLogic is the global market share leader in Fibre Channel adapters and offers a highly innovative portfolio of performance-driven 10Gb Ethernet intelligent Ethernet adapters and converged network adapters. These products will allow us to enhance our enterprise computing solutions for our commercial and industrial customers."
For pricing and further information on QLogic products, Arrow customers should contact their sales representative.
1Based on non-captive 10Gb Ethernet adapter revenue share as confirmed by data in Dell'Oro Group Q4 2014 Ethernet Market Share Report and Crehan Research Q4 2014 Quarterly Market Share Report.
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QLogic – the Ultimate in Performance
QLogic (Nasdaq:QLGC) is a global leader and technology innovator in high performance server and storage networking connectivity products. Leading OEMs and channel partners worldwide rely on QLogic for their server and storage networking solutions. For more information, visit www.qlogic.com.
Disclaimer – Forward-Looking Statements
This press release contains statements relating to future results of the company (including certain beliefs and projections regarding business and market trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied in the forward-looking statements. The company advises readers that these potential risks and uncertainties include, but are not limited to: potential fluctuations in operating results; gross margins that may vary over time; unfavorable economic conditions; the stock price of the company may be volatile; the company's dependence on the networking markets served; the ability to maintain and gain market or industry acceptance of the company's products; the company's dependence on a small number of customers; the company's ability to compete effectively with other companies; uncertain benefits from strategic business combinations, acquisitions and divestitures; the ability to attract and retain key personnel; the complexity of the company's products; declining average unit sales prices of comparable products; the company's dependence on sole source and limited source suppliers; the company's dependence on relationships with certain third-party subcontractors and contract manufacturers; sales fluctuations arising from customer transitions to new products; seasonal fluctuations and uneven sales patterns in orders from customers; changes in the company's tax provisions or adverse outcomes resulting from examination of its income tax returns; international economic, currency, regulatory, political and other risks; facilities of the company and its suppliers and customers are located in areas subject to natural disasters; the ability to protect proprietary rights; the ability to satisfactorily resolve any infringement claims; a reduction in sales efforts by current distributors; declines in the market value of the company's marketable securities; changes in and compliance with regulations; difficulties in transitioning to smaller geometry process technologies; the use of "open source" software in the company's products; system security risks, data protection breaches and cyber-attacks; and the company's ability to borrow under its credit agreement is subject to certain covenants.
More detailed information on these and additional factors that could affect the company's operating and financial results are described in the company's Forms 10-K, 10-Q and other reports filed, or to be filed, with the Securities and Exchange Commission. The company urges all interested parties to read these reports to gain a better understanding of the business and other risks that the company faces. The forward-looking statements contained in this press release are made only as of the date hereof, and the company does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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