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New Age Electronics Enters Into Unlocked Smartphone Category through Agreement with ASUS

CARSON, Calif., May 02, 2016 (GLOBE NEWSWIRE) -- New Age Electronics, a leading distributor of consumer electronics and gaming products and services and a division of SYNNEX Corporation (NYSE:SNX), announced today that it has expanded its relationship with ASUS to distribute the powerful ZenFone 2 product and its accessories to the US retail channel. New Age Electronics is currently the only US distributor to offer both the ZenFone 2 16GB and 64GB, which are compatible with all GSM networks and give customers the ability to choose their own carrier.



The agreement provides retailers with new options in the rapidly growing unlocked smartphone category with a product that is ergonomically-designed, stylish, powerful, and available at an affordable price point.

According to Strategy Analytics, unlocked smartphone shipments in the US grew 140 percent to a record 14.6 million units in 2015, and sales are expected to grow another 58 percent to 23 million units in 2016.

“As the consumer electronics market continues to change and retailers look to adjust their strategies, unlocked smartphones bring new opportunities for revenue and long-term growth,” said Fred Towns, President, New Age Electronics. “The ASUS ZenFone 2 is an ideal product for a wide range of consumers – in addition to the product not being tied to a particular network, it is known for delivering a smarter and simpler mobile experience for users that’s supported by all-around powerful performance.”

The ZenFone 2 features an ergonomically-curved design with ultra-slim edges, a 5.5-inch full HD IPS display, 72 percent screen-to-body ratio, and 4GB of RAM. The phone boasts fast charging technology and a long battery life, as well as a dual SIM card that enables the device to be configured for business or personal use. New Age Electronics offers the ZenFone 2 in white and silver, and also carries ZenFone accessories including power adapters, portable chargers, earbuds, and external flashes to enhance photo quality. One of the external flashes offered is the ASUS LolliFlash, a dual-color LED flash that attaches to the ZenFone 2 to create images with true-to-life colors. The LolliFlash is available in black, white, red, yellow and blue, allowing consumers to personalize their device.

“ASUS is excited to collaborate with New Age Electronics, allowing more consumers easy access to unlocked phones,” said Steve Chang, President, ASUS North America. “New Age Electronics’ expertise in the retail space combined with ASUS’ innovation in mobile products is a natural fit to seize a share of a rapidly growing market.”

To learn more about the ZenFone 2 and accessories through New Age Electronics, call (800) 947-5974 or email mikemu@synnex.com. To learn more about New Age Electronics, visit www.newageelectronics.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.synnex.com/nae.

About SYNNEX Corporation
SYNNEX Corporation (NYSE:SNX), a Fortune 500 corporation, is a leading business process services company, optimizing supply chains and providing outsourced services focused on customer relationship management. SYNNEX distributes a broad range of information technology systems and products, and also provides systems design and integration solutions. Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, offers a portfolio of strategic solutions and end-to-end business services around customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals. Founded in 1980, SYNNEX Corporation operates in 26 countries around the world. Additional information about SYNNEX may be found online at www.synnex.com.

Safe Harbor Statement

Statements in this release that are forward-looking, such as product features and capabilities, unlocked smartphone sales growth, and general 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 2016 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, CONCENTRIX, 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, CONCENTRIX, 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.

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Media Contact Eliza Bostian Senior Account Executive, Hughes Agency For SYNNEX Corporation (864) 271-0718 elizab@hughes-agency.com

Source:SYNNEX Corporation