New Age Electronics Teams With Dremel and HP to Deliver an Immersive 3D Printing Solution to Select Retailers

Distribution Agreement Brings New 3D Printing Possibilities to Consumers


HOLLYWOOD, Calif., July 22, 2015 (GLOBE NEWSWIRE) -- (from 2015 New Age Electronics Dealer Summit) -- New Age Electronics, a leading distributor of consumer electronics and gaming products and services and a division of SYNNEX Corporation (NYSE:SNX), announced today that it has entered into an agreement with the Dremel brand, a wholly owned subsidiary of the Robert Bosch Tool Corporation, to distribute its 3D Idea Builder to select Consumer Electronics retailers. Through the agreement, retailers have access to a unique bundle featuring the Dremel® 3D Idea Builder and Sprout by HP, the world's first immersive computer and fully integrated desktop 3D scanning solution, which together create a full-range 3D printing, scanning and design system.

"New Age Electronics, Dremel and HP share strong synergies in delivering end-to-end, holistic technology solutions that allow consumers to experience cutting-edge trends such as 3D printing," said Fred Towns, President, New Age Electronics. "By bringing this exciting bundle to select retailers, consumers have access to a fully immersive 3D printing solution to help bring their ideas to life through an innovative and user-friendly experience."

Sprout's revolutionary new features blend the physical and digital worlds everyone creates in, allowing users to go from thought to expression in an instant. Sprout melds a 3D camera and scanner with an array of software tools and applications, all manipulated by using a touchscreen that sits atop the desk and below the computer's display. Objects can be scanned by placing them on the touchscreen, and once compete, the resulting digital files can be manipulated directly on the screen. By pairing Sprout with the Dremel® 3D Idea Builder, a high-quality, easy-to-use 3D printer designed to empower and expand project possibilities, a full-range system is created to give users a single, end-to-end solution for 3D printing.

"Dremel is expanding the notion of 3D printing beyond modeling, prototyping and production applications to expose novice users to a new world of creativity, practicality and problem solving. Working with New Age Electronics makes the exciting Dremel/HP Sprout bundle even more accessible, helping us reach new retailers and new users," said John Kavanagh, President, Dremel. "By bringing this solution to the masses, together we are delivering a system that enables users to take 3D printing to new heights, from imaginative projects for the home to inventive projects that may impact the world."

"Consumers and professionals deserve innovative tools to unleash their creativity," said Eric Monsef, Highly Immersive Computing, HP. "Combining Sprout with the Dremel Idea Builder provides an end-to-end immersive solution that democratizes the 3D creative process."

The solution is available at www.sprout.hp.com and through other participating retail partners. To learn more about Dremel through New Age Electronics, call (800) 947-5974 or email mikemu@synnex.com. For more information about New Age Electronics, visit www.newageelectronics.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.newageelectronics.com.

About SYNNEX Corporation SYNNEX Corporation (NYSE:SNX), a Fortune 500 corporation, is a leading business process services company, optimizing supply chains and providing customer care solutions for its clients. SYNNEX distributes a broad range of information technology systems and products, and also provides systems design and integration services. The Concentrix segment offers a portfolio of end-to-end outsourced services around process optimization, customer engagement strategy and back-office automation to clients in ten identified industry verticals. Founded in 1980, SYNNEX operates in 25 countries around the world. Additional information about SYNNEX may be found online at www.synnex.com.

About Dremel

Since inventing the high-speed rotary tool in 1934, the Dremel brand has been helping makers with its full line of versatile tool systems that deliver the perfect solution for almost any job. From our Dremel rotary tools, Multi-Max™ oscillating tools, Ultra-Saw™ and Saw-Max™ multi-saws, Fortiflex™ flex shaft tool or the Idea Builder™ 3D printer, makers have come to know and trust the brand to complete their projects. Combining compact size, ergonomic design, precision and versatility, with a wide range of highly engineered accessories, Dremel tools can be used to accomplish numerous applications on a variety of materials. Today, as a wholly owned subsidiary of the Robert Bosch Tool Corporation in Mount Prospect, IL, Dremel celebrates 83 years in business and maintains its commitment to innovation and quality. Regardless of what the task may be, the Dremel brand is dedicated to empowering makers through creativity, precision and project enjoyment.

Safe Harbor Statement

Statements in this release that are forward-looking, such as product features and capabilities and the 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 2015 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.

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