Future Electronics and Maxim Integrated Sign Distribution Agreement

SAN JOSE, Calif. and MONTREAL, June 1, 2017 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ: MXIM) today announced a significant expansion in its global sales strategy by signing a new distribution agreement with Future Electronics, a global leader in electronics distribution. Starting immediately, Future Electronics will now distribute Maxim's high-performance product portfolio throughout the Americas.

Commentary

    --  "Future Electronics' customer expansion in the mass market aligns with
        our vision to provide more designers with the most innovative
        analog/mixed-signal products, full technical support, and on-time
        delivery," said David Loftus, Vice President of Worldwide Sales and
        Marketing at Maxim Integrated. "Adding Future Electronics to our
        distribution team provides great complementary value to our strong
        existing channel."
    --  "We are committed to providing design engineers with the technical
        support needed to solve today's complex design challenges," said Todd
        Baker, Corporate Vice President of Americas Engineering, Future
        Electronics. "Through this collaboration, we look forward to leveraging
        Maxim's innovative and robust product portfolio to help customers bring
        their products to market quickly."

About Maxim Integrated

Maxim Integrated develops innovative analog and mixed-signal products and technologies to make systems smaller and smarter, with enhanced security and increased energy efficiency. We are empowering design innovation for our automotive, industrial, healthcare, mobile consumer, and cloud data center customers to deliver industry-leading solutions that help change the world. Learn more at https://www.maximintegrated.com.

About Future Electronics

Future Electronics is a global leader in electronics distribution, ranking 3rd in component sales worldwide, with an impressive reputation for developing efficient, comprehensive global supply chain solutions. Founded in 1968 by Robert Miller, the company has established itself as one of the most innovative organizations in the industry today, with 5,500 employees in 169 offices in 44 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.

    Contacts:                             Maxim Integrated

                                          Ferda Millan

                                          Senior Public Relations Manager

                                          408-601-5429

                                          Ferda.Millan@maximintegrated.com


                                          Future Electronics

                                          Martin H. Gordon

                                          Director, Corporate Communications

                                          514-694-7710 (ext. 2236)

                                          martin.gordon@FutureElectronics.com

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SOURCE Maxim Integrated Products, Inc.