Tronics capitalizes on its leadership in inertial technologies with the deployment of its standard products in Israel. This strategic agreement positions the Company in a key region with an increasing demand for avionics applications.
Grenoble, France and Tel Mond, Israel - April 29, 2015 - Tronics, a designer and manufacturer of innovative nano and microsystems, continues its strategy of worldwide expansion by signing an exclusive distribution agreement with AVNET Israel. This close collaboration will enable Tronics to increase significantly the sales of its miniaturized high performance inertial sensors in a key region with strong development perspectives.
Israel has the world's most dynamic technological activities, with 4.4 percent of its gross domestic product dedicated to Research and Development (R&D). Israeli manufacturers have a strong desire to develop their own technology capabilities and sources, and provide innovative and advanced systems to key markets such as Aerospace and Unmanned Aerial Vehicles (UAVs). With years of experience in these fields and a well-established customer database, AVNET Israel is an ideal partner for Tronics.
Resulting from strong technology expertise built over more than 15 years, Tronics' GYPROTM product line exhibits performance, size and power consumption specifications in response to the increasing demand for highly stable and high-performance inertial sensors. Tronics has produced more than 1,500,000 high performance devices that system manufacturers worldwide have adopted on a wide scale, and it aims to continue its strategy of deployment through key partnerships to address growing markets.
"We see an increasing demand from Israel for high performance inertial sensors dedicated to Avionics applications”, said Pascal Langlois, Chief Executive Officer of Tronics. “Partnering with AVNET represents a key opportunity to offer our customers a local source of supply with responsive, proactive and knowledgeable technical support."
"Our partnership with Tronics enables AVNET to offer our customers European, state-of-the-art inertial products through independent sourcing”, commented Dani Koren, Chief Executive Officer of AVNET Israel. “These products result from the latest technology developments in the sector of nano and microsystems, and allow our customers to compete more aggressively in their respective markets.”
Founded in 1997, Tronics is a recognized technological leader in the sector of nano & microsystems with high added value. Positioned at the heart of product innovation, Tronics has technology platforms protected by a portfolio of 25 families of patents, resulting from 15 years of R&D. Addressing high-growth markets relying on increasing miniaturization of electronic devices, Tronics designs, manufactures and sells custom or standard products to the industry, aeronautics & security, medical and consumer markets.
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2014, Avnet generated revenue of $27.5 billion.