MtronPTI Announces ARROW Asia pact
January 19, 2010
Orlando, Florida – January 19, 2010 – MtronPTI has entered into a distribution agreement with ARROW Asia Pac Ltd. Under this agreement, ARROW Asia will stock and promote products from MtronPTI’s industry-leading portfolio of Frequency Control Products including a full suite of Oscillators and Filters for a wide array of markets including Telecommunications, Instrumentation, Military, Avionics, Medical, Alternative Energy, and Industrial Controls.
ARROW Asia will market these products in the Asia Pacific region including Australia, China, Hong Kong, Japan, Korea, New Zealand, Malaysia, Singapore, Taiwan, Thailand and Vietnam. This agreement augments the 20+ year relationship in North America.
This expands MtronPTI’s presence in Asia by leveraging ARROW’s extensive infrastructure to ensure customers in Asia have better accessibility to its products and solutions. Design and Development Engineers require the latest technology no matter where in the world they are located.
MtronPTI will continue to stream line its existing regional distribution network to offer the best possible services to all customers in the targeted markets.
“This latest move with ARROW continues to position MtronPTI for further growth in this expanding strategic market” according to Leslie Jensen, Distribution Manager. “ARROW brings a large, global organization which will certainly compliment the existing market presence of MtronPTI. We are continuing to expand our channel focus to support customers by way of their preferred methods.”
MtronPTI is a leading designer and manufacturer of advanced, highly-engineered frequency control products and electronic filter products. The company specializes in developing custom products for advanced frequency control applications. It is based in Orlando, Florida, with design, sales and manufacturing locations in North America, Asia and Europe. MtronPTI is a subsidiary of The LGL Group. LGL is listed on the American Stock Exchange and traded under the symbol – LGL. View the MtronPTI website at www.mtronpti.com
About Arrow Electronics
Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, N.Y., Arrow serves as a supply channel partner for approximately 800 suppliers and 130,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 53 countries and territories.
Caution Concerning Forward Looking Statements
This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in LGL Group’s filings with the Securities and Exchange Commission.