Vicor bolsters global strategy with Future Electronics and new VP of Global Distribution
Update Time: 2019-12-19 00:00:16
Andover, MA, June 22, 2011…Vicor Corporation (NASDAQ:VICR) today announced the appointment of Future Electronics as a global distributor and of Richard Begen as Vice President of Global Distribution. Global distribution will support business growth with a broader base of customers having access to the competitive advantages enabled by Vicor’s high-performance power components and systems. Future Electronics will begin a phased rollout of Vicor’s products in August of this year.
In his new role, Begen will drive global distribution strategies for Vicor. Future Electronics will provide a global channel for Vicor’s extensive portfolio of proven high-performance power components and systems. In selecting optimal power solutions for their applications, customers will have the advantage of Vicor’s high density, modular power building blocks supported by Future Electronics’ extensive sales network and recognized expertise in product selection and other design consulting services.
Philip Davies, Vice President of Vicor Global Sales and Marketing, commented, “The distribution channel is a critical element in Vicor’s go-to-market strategy. Vicor’s innovative products deliver a compelling advantage through efficiency and power density. Rich’s wealth of experience in sales, channel strategy and business management will greatly advance our efforts to meet the diverse needs of Vicor’s growing list of customers.”
“Signing Future Electronics as our Global Distributor,” Begen said, “will ensure that OEM customers across a broad spectrum of markets and applications worldwide have access to the most technologically advanced product portfolio in the power electronics industry.”
“Vicor’s modular solutions offer engineers the flexibility to create compact, highly functional, economical and efficient power designs with much shorter development cycles that minimize time to market,” Bruce Jones, Vice-President, Worldwide Product Marketing for Future Electronics. “These capabilities make the product a strong addition to our supplier network.”
About Richard Begen
Begen, most recently a principal of LJ James, LLC, a consulting business focused on sales and channel management strategy, brings more than 20 years of global sales and distribution channel experience to Vicor. His track record for success at global organizations extends across Analog Devices, Inc., Unitrode Corporation, and Fairchild Semiconductor Corporation.
About Future Electronics
Future Electronics is a global leader in electronics distribution, ranking 3rd in component sales worldwide. Founded in 1968, the company has established itself as one of the most innovative organizations in the industry today, with 5,000 employees in 169 offices in 42 countries around the world. Future Electronics is globally integrated, with one worldwide IT infrastructure providing real-time inventory availability and access, while enabling full integration of its operations, sales and marketing worldwide. Offering the highest level of service, the most advanced engineering capabilities and technical solutions through all stages of the design-production cycle, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer.
For more information, visit www.FutureElectronics.com.
About Vicor Corporation
Vicor Corporation 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 primarily to customers in aerospace and defense electronics, enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, and vehicles and transportation markets.
For more information, visit www.vicorpower.com.
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