SUNNYVALE, Calif., Sept. 1, 2010 (GLOBE NEWSWIRE) -- Maxim Integrated Products (Nasdaq:MXIM), a leading manufacturer of analog and mixed-signal semiconductors, today announced that it has added the Symmetron Group as a new franchised distributor in Russia, Ukraine, and Belarus, effective September 1, 2010. This agreement bolsters Maxim's presence in these markets, making it easier for system designers to benefit from Maxim's high-performance engineering solutions. Maxim's solutions address a wide range of consumer, computing, communications, industrial, medical, and automotive applications.
"This new engagement with Symmetron will further strengthen Maxim's presence in the Russian market," commented Walter Sangalli, Managing Director, European Sales and Applications. "Symmetron's high level of technical expertise and extensive relationships with key customers across electronics segments will give Russian design engineers better access to Maxim's innovative solutions."
Andrey Ognevsky, Vice President of Symmetron Group, commented: "We are pleased to add Maxim's leading analog and mixed-signal solutions to our portfolio. This teaming with a well-known manufacturer visibly strengthens Symmetron's position in the emerging industrial segment, and will help our customers benefit from Maxim's advanced integration technologies. Our company expects significant revenue growth thanks to new opportunities arising out of this engagement."
About Maxim
Maxim Integrated Products is a publicly traded company that designs, manufactures, and sells high-performance semiconductor products. The Company was founded over 25 years ago with the mission to deliver innovative analog and mixed-signal engineering solutions that add value to its customers' products. To date, it has developed over 6,400 products serving the industrial, communications, consumer, and computing markets.
Maxim reported revenue of approximately $2.0 billion for fiscal 2010. A Fortune 1000 company, Maxim is included in the Nasdaq 100, the Russell 1000, and the MSCI USA indices. For more information, go to www.maxim-ic.com.
The Maxim Integrated Products, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5753
About Symmetron
Symmetron Group is one of the leading distribution companies in Russian electronic industry. Since 1993 Symmetron is known in Russia, Ukraine and Belarus as reliable supplier providing well organized and efficient technical support service. Company is dynamically developing with focus on industrial, telecom and automotive markets.