LAS VEGAS, NV (from 2014 International Consumer Electronics Show) - January 7, 2014 - Always at the forefront of innovation, New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), has expanded its focus on wearable technologies with the signing of an exclusive distribution agreement with Pivothead throughout North America. Pivothead, maker of one of the world's first 1080p High Definition Hands-Free (HDHF) video eyewear technology, has established itself as a market leader with the new true, point-of-view, recording experience and has done it with style. This relationship enables retailers to sell a hands-free, wearable technology eyewear capable of capturing both high-quality still shot images and professional grade 1080p HD video, providing a true point-of-view perspective. According to Juniper Research, revenue from smart wearable devices, including smart glasses, is expected to reach $19 billion by 2018. Geared towards outdoor enthusiasts and photographers, Pivothead is also gaining traction in law enforcement, education and health care.
"The wearable technology market is burgeoning with opportunities for retailers to offer products that not only work into consumer lifestyles, but enable them to fully capture it," said Fred Towns, President, New Age Electronics. "Pivothead's hands-free solution captures a true point-of-view perspective in a natural, elegant and effortless manner."
"New Age Electronics is helping us further penetrate the retail channel through its broad reach, strong relationships with customers, and agility in executing go-to-market strategies," said Chris Cox, President, Pivothead. "Wearable technology is one of the fastest growing markets today and we are excited to bring Pivothead to the retail channel through New Age Electronics, one of the top consumer electronics distributors in North America."
US retailers can contact New Age Electronics to learn more about the opportunities surrounding Pivothead by calling (800) 756-9888 ext. 4827 or emailing at email@example.com. Canadian retailers can contact SYNNEX Canada's consumer electronics group at (800) 267-7993, ext. 8916 or email firstname.lastname@example.org.
About Pivothead: Headquartered in Denver, Colorado at the intersection of Fashion and Technology, progressive upstart Pivothead is blazing a fresh trail in wearable technology with the world's first and only 1080p HD video recording sunglasses for today's fashion-forward life enthusiasts who share a passion for style, technology and adventure. Featuring state-of-the-art camera technologies seamlessly fused with brilliantly styled and superbly crafted sunglass frames; Pivothead brings unprecedented comfort, always-ready simplicity and sensuous style to true hands-free still photo and HD video capture. To experience our ever-expanding collection of frame styles or accessories, or to discover how Pivothead is forever changing the way we chronicle the adventure we call life, visit http://www.pivothead.com.
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 remanufactured services. Extensive experience in the CT industry and a customer-centric approach has 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 about New Age Electronics, call (310) 549-0000, toll-free (888) 234-0300 or visit the company's website at www.synnex.com/nae.
About SYNNEX Corporation SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, servicing resellers, retailers and original equipment manufacturers in multiple regions around the world. The Company provides services in IT distribution, supply chain management, contract assembly and business process outsourcing. Founded in 1980, SYNNEX employs over 14,000 full-time and part-time associates worldwide. Additional information about SYNNEX may be found online at www.synnex.com.
Safe Harbor Statement Statements in this release that are forward-looking, such as product capabilities and features, growth in revenue from smart wearable devices, and the general success of the collaboration, 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 2014 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, the SYNNEX Logo, NEW AGE ELECTRONICS and the NEW AGE ELECTRONICS Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Synnex Corporation via Globenewswire