Odyssey Toys Selects New Age Electronics as Exclusive US Distributor of Its High-Tech Toy Drones and Quadcopters

LAS VEGAS, Jan. 06, 2016 (GLOBE NEWSWIRE) — (from the 2016 International Consumer Electronics Show) 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 been selected by Odyssey Toys, a leader in the finest consumer high-tech toys, to distribute its toy drones and quadcopters to the US retail channel. The agreement covers a range of Odyssey Toys’ products including many of its high-performance quadcopters, micro drones, cam-mini video drones, and elite video drones with streaming capabilities.

Known for bringing the best next-generation products to market, New Age Electronics continues to keep its pulse on the rapidly growing high-tech toy category. The New Age Electronics team continually researches, identifies and adds the most cutting-edge high-tech toy products to its line card and helps implement customized strategies for national, regional and specialty retail models. By adding Odyssey Toys, New Age Electronics brings a high-quality, affordable high-tech toy offering to retailers across a variety of retail channels to sell to their customers.

“Today’s high-tech toy market is filled with opportunities for retailers to deliver cool new products that enhance the consumer lifestyle,” said Fred Towns, President, New Age Electronics. “Odyssey Toys offers an innovative experience to consumers through a well-designed and technologically-advanced line of quadcopters and drones available at a lower price point. Many of their devices also come equipped with a built-in HD camera and first person viewer and video streaming capabilities, giving users the opportunity to capture and share new perspectives.”

Odyssey Toys is committed to searching the world for the finest, most innovative hi-tech gadgets and remote control toys. Recent advancements in technology have allowed them to manufacture some of the most exciting, affordable and sought after high-tech toys for personal and recreational use. Odyssey Toys’ products are easy to demonstrate and sell to a wide range of consumers, including men, women and children of all ages.

“We are excited to be working with New Age Electronics – they have the reach, retail footprint and expertise in emerging technologies to help us successfully bring the Odyssey Toys experience to more consumers,” said Sal Irigoyen, President, Odyssey Toys. “By working with an industry-proven leader in CE distribution, we are able to position Odyssey Toys as a leader in stores and online across the US during this exciting time of innovation and growth in the high-tech toy industry.”

To learn more about the full offering of Odyssey Toys available through New Age Electronics, call (800) 947-5974 or email [email protected] To learn more about New Age Electronics, visit www.newageelectronics.com.

About Odyssey Toys

Odyssey Toys is a rapidly growing, dynamic company dedicated to designing, manufacturing, and distributing the finest hi-tech toys and electronic gadgets at affordable prices. With over 20 years of industry expertise, Odyssey Toys is at the forefront of developing interactive toy technology for men, women, and children of all ages. Headquartered in Miami, Florida, Odyssey Toys has offices in Hong Kong and Los Angeles. Retail partners include Toys“R”Us, Brookstone, Costco, Walmart.com, and Target.com, among others. For more information about Odyssey Toys, visit www.odysseytoys.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.synnex.com/nae.

About SYNNEX Corporation

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

Safe Harbor Statement

Statements in this release that are forward-looking, such as product features and capabilities, high-tech toy category growth, and general 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.

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