Sydney, Dec 15, 2008 AEST (ABN Newswire) - As a consequence to our announcement dated 22nd September, 2008, Zylotech Limited (ASX:ZYL) is today proud to announce the signing of this significant contract and to congratulate Avnet Technology Solutions, an operating group of Avnet, Inc. ("AVNET")(NYSE:AVT) on their bold Surveillance market entry (see attached AVNET Media Release). We are particularly proud of being chosen by AVNET as their partner in the demanding Surveillance market amidst the stiffest competition from US and European providers.
AVNET is ... Sun Microsystems' largest distributor
AVNET is ... Oracle's first and largest enterprise distribution partner
AVNET is ... HP's first enterprise distributor
AVNET is ... AMD's largest worldwide distributor
AVNET is ... one of IBM's largest global distribution partners
AVNET has now signed and made the largest commitment in Zylotech's business history to distribute our full range of Smart GTM Enterprise Protection products. This strategic regular monthly revenue 'product' based distribution is a very successful development and a much-needed addition to Zylotech's historically project based business model. It will dramatically expand and accelerate Zylotech's business in the IT sector by the instant addition of AVNET's more than 500 channel partners in Australia alone.
AVNET ANNOUNCEMENT FOLLOWS:
Zylotech Ltd. Signs with Avnet Technology Solutions for Australian Distribution
Avnet and Zylotech Sign Agreement to Provide IT Security Surveillance Solutions for the Australian Channel
SYDNEY, Australia, Dec. 12, 2008 -- Avnet Technology Solutions, an operating group of Avnet, Inc. (NYST: AVT) and Zylotech Ltd. (ASX: ZYL), a leading provider of IP surveillance technology, today announced an agreement that will allow Avnet Technology Solutions to distribute the full range of Zylotech's Smart GTM Enterprise Protection products and services for the Australian IT channel.
The new Smart GTM solutions from Zylotech will be distributed by Avnet and sold through its channel of more than 500 channel partners in Australia.
Gavin Lawless, general manager, Avnet Technology Solutions, Australia, said, "Working with Zylotech is a first for Avnet in Australia, insomuch as we can now offer our channel partners complete IP security surveillance solutions. This will be a huge opportunity for our partners."
The Australian surveillance market is estimated to be USD$550+ million and the end-to-end surveillance market is USD$6 billion in Asia Pacific alone.* including both analog and digital technologies, IP surveillance will be one of the more significant technologies in the immediate future.
"We will be supporting our business partners throughout the IP security surveillance solutions sales cycle with the tools, training, resources and guidance necessary to accelerate their sales in this market. In addition, we offer Avnet's marketing and technical services to help our partners effectively create demand and recommend the most appropriate solutions and services. Partners can then work with Avnet to design, architect and implement a complete IP security surveillance strategy around Zylotech's core products," he added.
Nick Sikiotis, CEO of Zylotech Ltd., added, "Avnet's continued success as a value-added distributor provides us with the foundation to penetrate into the IT channel, especially when we are finding a growing trend for physical surveillance security buying decisions moving into the hands of the IT director and his department. Zylotech's VVOIP offerings are a good fit to Avnet's existing VOIP portfolio of offerings. This strategic alliance helps Zylotech reach Avnet's IT and networking channel partners, enabling them to provide IP surveillance solutions as a valuable addition to their service offerings."
* Source: IMS research 2008
About Avnet Technology Solutions
Avnet Technology Solutions is an operating group of Phoenix-based Avnet, Inc. As a global technology sales and marketing organization, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers. For fiscal year 2008, the group served customers in more than 30 countries and generated US $7.6 billion in annual revenue. The group's Web site is www.ats.avnet.com.
About Avnet
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2008, Avnet generated revenue of $17.95 billion.
Contact
Zylotech Contact:
Nicholas Sikiotis
CEO
TEL: +61-2-9427-2134
FAX: +61-2-9427-2788
Avnet Media Contact:
Michael Costigan
Director, Marketing and Business Innovation, Asia Pacific
Michael.costigan@avnet.com
TEL: +61 2 0865 1467
TEL: +61 2 8877 0751
www.avnet.com
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