New Age Electronics Awarded Commercial Channel Distribution Rights for Panasonic 103” Pro Plasma Display

New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), announced today an expansion of its strategic distribution relationship with Panasonic Corporation of North America to distribute the Panasonic 103” Pro Plasma display within the commercial channel throughout the United States.

Effective today, New Age Electronics will now distribute the Panasonic 103” Pro Plasma display throughout the United States. New Age Electronics will enable Panasonic to reduce time-to-market, maximize product shelf life and increase profit margins throughout the United States.

The expansion of the Panasonic line to include the Panasonic 103” Pro Plasma display, validates New Age Electronics’ winning proposition to offer increased value to its constituents within the Custom Home Builder and Pro-AV communities, as well as to SYNNEX customers within Commercial, value-added reseller and Digital Signage communities.

"We are delighted that Panasonic has recognized our efforts and rewarded New Age Electronics and SYNNEX for the combined value we bring to our customer communities,” said Fred Towns, Senior Vice President of Sales and Marketing, New Age Electronics. "The Panasonic 103” Pro Plasma display is one of the world’s largest plasma displays available and has become an industry leading, high-impact, large format display for a wide range of commercial applications.”

"We selected the New Age Electronics-SYNNEX team because of its deep understanding of both the commercial and consumer electronics marketplaces, as well as the unique initiatives offered that can optimize our success within the channel,” said Andrew Nelkin, President, Panasonic Corporation of North America. "We are delighted to be expanding our relationship, and look forward to building a long-term, strategic partnership.”

The complete Panasonic product line is available today through New Age Electronics and SYNNEX Corporation. For more information, please contact New Age Electronics at (800) 947-5974.

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 remanufacturing services. Extensive experience in the CT industry and a customer-centric approach have 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 on New Age Electronics, call (310) 549-0000, toll-free (888) 234-0300 or visit the company’s website at www.newageelectronics.com.

About SYNNEX

SYNNEX Corporation, a Fortune 500 corporation, is a leading business process services company, servicing resellers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and global business services. Founded in 1980, SYNNEX employs over 7,000 associates worldwide and operates in the United States, Canada, China, Japan, Mexico, the Philippines and the United Kingdom. Additional information about SYNNEX may be found online at www.synnex.com.

Statements in this release that are forward-looking, such as reduction in time-to-market, maximization of product shelf life, and increase in profit margins, 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 2009 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, 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 and the SYNNEX Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

Source: SYNNEX Corporation – SNX - G