PALTEK, Microchip Technology in Distribution Agreement

PALTEK Corp announced it has signed a distribution agreement with Microchip Technology Inc. [NASDAQ:MCHP], a leading provider of microcontroller, analog and Flash-IP solutions. Under the terms of the agreement, PALTEK will include Microchip's broad range of product lines as part of its portfolio of solution offerings and promote Microchip solutions across the company's areas of expertise, namely telecommunication, industrial, office automation, consumer, and automotive. Microchip Technology is globally recognized as a leading provider of 8-, 16- and 32-bit PIC® microcontrollers. Besides microcontrollers, its rich product portfolio includes analog and interface semiconductors, memory, security and wireless products, and Flash-IP solutions. Microchip focuses on delivering low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. The Company offers outstanding technical support along with dependable delivery and quality.