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Avnet Electronics Marketing Americas Signs Distribution Agreement with ZigBee Module Manufacturer, MMB Networks

PHOENIX– January 29, 2014  — Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), has signed a distribution agreement with MMB Networks, a leading global designer and manufacturer of ZigBee module solutions.

MMB Networks’ ZigBee modules and USB sticks provide a complete connectivity solution powered by MMB’s RapidConnect software platform, and backed up by MMB’s world-class support services. RapidConnect fully automates ZigBee Smart Energy and ZigBee Home Automation — adapting to multiple connected home platforms and enabling new ones. This allows OEMs not only to rapidly add connectivity to their product, but to sell those products through a variety of home automation, security and smart energy channels.

“MMB’s products allow Avnet to offer more complete connectivity solutions on the ZigBee platform,” said Alex Iuorio, senior vice president, supplier management and business development for Avnet Electronics Marketing Americas. “MMB’s RapidConnect does the heavy lifting for customers looking to rapidly add connectivity to their product.”

“Enabling connected home products in a rapidly evolving market requires highly adaptable technology and strong customer support,” said Daniel Moneta, CEO, MMB Networks. “A partnership between MMB Networks’ RapidConnect platform and services, and Avnet’s global reach, will enable new opportunities for MMB Networks and our OEM customers, and accelerate the growth of the connected home market.”

To view the entire MMB Networks product line available from Avnet, visit Avnet Express.

MMB Networks (www.mmbnetworks.com) is a Toronto-based leader in connected home technology. With out-of-the-box connectivity products backed by world-class integration support, MMB’s RapidConnect platform has enabled consumer electronics OEMs to dramatically accelerate time-to-market and multiply sales channels for smart, connected versions of their devices.

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