|By Business Wire||
|July 24, 2014 11:00 AM EDT||
Vishay Intertechnology, Inc. (NYSE: VSH) today announced that the company has received the TTI Supplier Excellence Award for Europe. Vishay is one of the world’s largest manufacturers of discrete semiconductors and passive electronic components. TTI, Inc. is the world’s leading authorized distributor specialist offering interconnect, passive, electromechanical, and discrete components.
The TTI Supplier Excellence Awards program centers on quality measurements that include on-time delivery, receiving quality, customer quality, administrative quality, sales support, and business systems. Winners are determined by performance points for these criteria. This is the third year in a row that Vishay has won the TTI Supplier Excellence Award for Europe, earning Silver Level recognition.
The TTI Supplier Excellence Award for Europe was presented to Vishay on July 2 at TTI’s German office in Maisach-Gernlinden, near Munich. Present at the award presentation were Glyn Dennehy, Geoff Breed, Joerg Frodl, Felix Corbett, and Markus Walz from TTI and Sieglinde Janker-Buecherl, Olaf Luethje, Gerhard Speidel, Philippe Masson, and Doris Hilbert from Vishay.
“Our Supplier Excellence Awards are based on a number of rigorously monitored parameters,” said Geoff Breed, VP of marketing, TTI Europe. “Therefore, they are a real indicator of the part that suppliers play in helping us deliver excellent service to our customers. Vishay scored highly in all categories, emphasizing the high quality of the partnership our joint teams have forged. We congratulate everyone at Vishay who has contributed to the ongoing success of our program together.”
“Winning the TTI Supplier Excellence Award for the third year in a row is a true accomplishment,” said Philippe Masson, director of sales distribution, Europe, at Vishay. “I am very proud to receive this award on behalf of Vishay. It underscores the close partnership between Vishay and TTI. Without the hard work and dedication of Vishay staff and without their commitment to excellence, our winning of this award would not have been possible. I thank them, and I thank all their counterparts at TTI.”
About TTI, Inc.
TTI, Inc., a Berkshire Hathaway company, is the world’s leading specialist distributor of passive, connector, electromechanical and discrete components. TTI’s philosophy is "Lead by Design", and the company differentiates itself by focusing on people, parts and process. TTI in Europe strives to be the distributor of choice for customers and suppliers alike by introducing new product technologies and by stocking broad and deep inventory across its franchise base. TTI’s sophisticated inventory management system ensures the ability to service changes in demand due to fluctuating markets and supply chains. For more information about TTI, please visit www.ttieurope.com.
About Vishay Intertechnology, Inc.
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can be found on the Internet at www.vishay.com.
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