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Anixter Australia Appointed as Distributor for Nortel nPower Channel Program

  • 12 April, 2005 11:34

<p>Expands Distribution and Supply of Nortel’s Networking Portfolio</p>
<p>SYDNEY – Anixter Australia, a leading distributor of network solutions that connect businesses to advanced voice, video, data and multimedia in today’s Internet Protocol (IP)-based networks, has joined as a distributor in the Nortel* [NYSE/TSX: NT] nPower Channel Partner Program.</p>
<p>Anixter, a part of Anixter International [NYSE: AXE], a global leader in supply chain services with a presence in 45 countries, will supply Nortel solutions encompassing its end-to-end broadband, IP Telephony, and wireless broadband portfolios.</p>
<p>The Nortel nPower Channel Partner Program is a strategic Asia Pacific initiative designed to ensure channel partners throughout the region have in-depth expertise in Nortel's comprehensive voice, data and converged solutions. As part of this programme, Nortel supplies channel partners with the technology and support required to help enterprise customers use the solutions to maximize their business success.</p>
<p>“Anixter and Nortel have a strong, long-standing channel partner relationship in Europe and Latin America, and we are very pleased to now extend that business association to Australia,” said Wayne Bogart, managing director, Anixter Australia. “We intend to work closely with Nortel to add value to its enterprise business in Australia by improving supply chain performance and reducing supply chain costs. We will also be working through our own reseller network to develop end-user programs that will help Australian enterprises use technology solutions to become more profitable and competitive.”</p>
<p>“We welcome Anixter Australia as a new distributor to our nPower Channel Partner Program,” said Mark Stevens, president, Nortel Australia and New Zealand. “At Nortel, we understand the importance of an efficient value add distributor in providing customers with the solutions they need in a timely and cost-effective manner. With Anixter’s solid track record in distributing Nortel networking solutions in other key markets, the addition of Australia is a logical extension of an already successful relationship.”</p>
<p>About Anixter
Anixter International is the global leader in supply chain services and distribution of wire, cable, communications and physical security products, fasteners and Class C components. Founded in 1957, Anixter is a Fortune 500 listed company offering complete sales, technical and logistical support for all products and services via its unique global distribution infrastructure. Anixter has 169 warehouses, and locations in 200 cities in 45 countries. Anixter began operations in Australia in 1992. More information on Anixter is available on the Web at www.anixter.com.</p>
<p>About Nortel
Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world’s most critical information. Serving both service provider and enterprise customers, Nortel delivers innovative technology solutions encompassing end-to-end broadband, Voice over IP, multimedia services and applications, and wireless broadband designed to help people solve the world’s greatest challenges. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.</p>
<p>Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the outcome of regulatory and criminal investigations and civil litigation actions related to Nortel’s restatements and the impact any resulting legal judgments, settlements, penalties and expenses could have on Nortel’s results of operations, financial condition and liquidity; the findings of Nortel’s independent review and implementation of recommended remedial measures; the outcome of the independent review with respect to revenues for specific identified transactions, which review will have a particular emphasis on the underlying conduct that led to the initial recognition of these revenues; the restatement or revisions of Nortel’s previously announced or filed financial results and resulting negative publicity; the existence of material weaknesses in Nortel’s internal controls over financial reporting; the impact of Nortel’s and NNL’s failure to timely file their financial statements and related periodic reports, including breach of its support facility and public debt obligations and Nortel’s inability to access its shelf registration statement filed with the United States Securities and Exchange Commission (“SEC”); ongoing SEC reviews, which may result in changes to our public filings; the potential delisting or suspension of Nortel’s and NNL’s publicly traded securities; the impact of management changes, including the termination for cause of Nortel’s former CEO, CFO and Controller in April 2004; the sufficiency of Nortel’s restructuring activities, including the work plan announced on August 19, 2004 as updated on September 30, 2004, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; cautious or reduced spending by Nortel’s customers; fluctuations in Nortel’s operating results and general industry, economic and market conditions and growth rates; fluctuations in Nortel’s cash flow, level of outstanding debt and current debt ratings; Nortel’s ability to recruit and retain qualified employees; the use of cash collateral to support Nortel’s normal course business activities; the dependence on Nortel’s subsidiaries for funding; the impact of Nortel’s defined benefit plans and deferred tax assets on results of operations and Nortel’s cash flow; the adverse resolution of class actions, litigation in the ordinary course of business, intellectual property disputes and similar matters; Nortel’s dependence on new product development and its ability to predict market demand for particular products; Nortel’s ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization and consolidation in the telecommunications industry; changes in regulation of the Internet; the impact of the credit risks of Nortel’s customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date or early settlement, which is currently not available, of Nortel’s forward purchase contracts; the impact of Nortel’s supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; and the future success of Nortel’s strategic alliances. For additional information with respect to certain of these and other factors, see the most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed by Nortel with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</p>
<p>-end-</p>
<p>*Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.</p>

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