Vicor Corporation Announces Global Distribution Agreement with Arrow Electronics
Vicor Corporation (NASDAQ: VICR) has expanded its agreement with Arrow Electronics to a global distribution partnership, effective September 15, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Vicor Corporation (NASDAQ: VICR) has expanded its agreement with Arrow Electronics to a global distribution partnership, effective September 15, 2020. This collaboration aims to provide modular power solutions to a wider customer base. Vicor emphasizes the increasing demand for smaller, efficient power solutions amidst growing system power requirements. The partnership is expected to enhance Vicor's reach in various sectors, including computing, industrial equipment, and aerospace.
Positive
- Global distribution agreement with Arrow Electronics enhances market reach.
- Alignment with customer demand for smaller, efficient power solutions.
- Partnership expected to benefit multiple sectors, including aerospace and defense.
Negative
- None.
Details
News Market Reaction – VICR
The recorded move for VICR in the trading session of this news was +1.27%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ANDOVER, Mass., Sept. 15, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) announced today the expansion of its Europe, Middle East and Africa relationship with Arrow Electronics, Inc. (NYSE: ARW) to a global distribution agreement.
“We are looking forward to working closely with Arrow to offer highly differentiated modular power solutions to their extensive customer base,” said Rich Begen, vice president of Vicor global distribution and channel strategy.
“This agreement comes at a time when many of our customers are asking for smaller and more efficient solutions for their power-delivery networks that are changing to meet ever-increasing system power demands,” said David West, senior vice president of global marketing and engineering at Arrow.
The global franchise agreement is effective on September 15, 2020.
About Vicor Corporation
Vicor Corporation (NASDAQ: VICR) (http://www.vicorpower.com) designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high-performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, aerospace and defense. www.vicorpower.com
Vicor is a registered trademark of Vicor Corporation.
About Arrow Electronics
Arrow Electronics guides innovation forward for over 175,000 leading technology manufacturers and service providers. With 2019 sales of
Media contacts:
Vicor
Colin Boroski
Rainier Communications
508-475-0025 x 142
cboroski@rainierco.com
Arrow Electronics
John Hourigan
303-824-4586
jhourigan@arrow.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.