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New Age Electronics Expands Connected Home Offering with Nest Products

CARSON, Calif., May 17, 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 now offers the award-winning line of Nest connected home products for US retailers. The agreement includes the third generation Nest Learning Thermostat, Nest Protect smoke + CO alarm, and Nest Cam security camera, which work together with the Nest app to allow users to control their homes from the palm of their hand.



By adding Nest to New Age Electronics’ existing connected home offering, which includes several brands that are compatible with the Works with Nest platform, retailers are able to offer a more complete solution through the distributor to address this rapidly growing category. According to the Consumer Technology Association, smart homes will generate 1.2 billion dollars in revenue in 2016 with 8.9 million units sold from leading product categories including smart thermostats, smart smoke and CO2 detectors, and IP/Wi-Fi cameras. As the connected home category continues to grow, Nest’s mission remains to create a thoughtful home that takes care of itself and the people inside of it with high-tech, user-friendly products.

“We are excited to expand our connected home offering with Nest, one of the industry’s pioneers in making the smart home a reality,” said Fred Towns, President, New Age Electronics. “Nest products deliver everything today’s consumer is looking for – they are innovative, easy to install and use, and well-designed. Most importantly, they improve the lives of everyone they serve by providing them with a safer, more comfortable and efficient home.”

Nest takes the connected home to new heights by creating a smart home ecosystem that works together seamlessly. The 3rd generation Nest Learning Thermostat automatically adapts as the customer’s life and seasons change, programming itself to save energy and money over time. The Nest Protect smoke + CO alarm determines what’s wrong and sends an alert to the user and is the first such home alarm that can be silenced from a smartphone. The Nest Cam security camera, which is designed to help users look after their home and family remotely, offers live 24/7 streaming, advanced night vision, and motion and sound alerts.

To learn more about Nest 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, smart home revenues and units sold, connected home category 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