January 2014 – TTI, Inc., the world’s leading specialist distributor of passive, connector, electromechanical and discrete components has announced that it has been named by connector giant, Molex, is its European Distributor of the Year. TTI, Inc. Europe received the award in recognition of its outstanding sales achievements, operational excellence, and commitment to advancing Molex electronics innovations globally.
“As a trusted distribution partner, TTI Europe displays exemplary dedication to European growth in market share”, stated Fred Bell, Vice President Global Distribution, Molex. “The strength of our collaboration is reflected not only in profits, but also through the teamwork they bring to developing new markets and business.”
Molex distributors were evaluated based on criteria in three categories, including:
• Year on year sales growth
• Inventory, new product support, order coverage
• Accessibility to management team, training program support
TTI Europe received the award based on the company’s outstanding 29 percent revenue growth and support for new product launches, which have served to strengthen the Molex sales pipeline in Europe. TTI increased their Molex inventory part number count by 37 percent and increased new business via design activity by over 30 percent.
Added Geoff Breed, Vice President Marketing, TTI, Inc. Europe: “We value our partnership with Molex very highly. Awards such as this are based on tightly-measured performance indicators, therefore, I am delighted to be able to thank Molex and accept this award on behalf of both of our teams. By working so closely together they have made it possible for us to deliver exceptional service to our joint customers.”