GREENSBORO, NC – September 18, 2017 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it has entered into a channel partnership with Veterans Trading Company (VTC), LLC. VTC is an award-winning, veteran-owned and SBA-certified HUBZone small business that has served the government contracting community since 2005.
VTC provides a full suite of customized, end-to-end supply chain services and solutions, including supplier managed inventory and point-of-use management; procurement support; and maintenance, repair and operations support. The company has been recognized with industry awards, and has forged strategic partnerships with several prominent aerospace business organizations, including Lockheed Martin, Boeing and BAE Systems. VTC was named a Top 10 Service-Disabled Veteran-Owned small business in the U.S.
Chris Lepiane, vice president, Qorvo Infrastructure and Defense Products sales, said, “Qorvo is committed to making our customers’ jobs easier with innovative technology, world-class business processes and key partners. VTC’s full range of customized supply chain solutions and procurement support programs will deliver added levels of operational efficiency to our government customers. Our selection of VTC also reflects Qorvo’s commitment to supporting defense-related small businesses.”
John Pierce, VTC’s vice president of business development, said, “Like Qorvo, VTC is focused foremost on providing the highest-quality products and services that help our customers succeed. We are very pleased that Qorvo has selected us to be its channel partner to help support growth in the infrastructure and defense markets.”
Qorvo (Nasdaq:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage our unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to learn how Qorvo connects the world.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. Qorvo's business is subject to numerous risks and uncertainties, including variability in operating results, the inability of certain of our customers or suppliers to access their traditional sources of credit, our industry's rapidly changing technology, our dependence on a few large customers for a substantial portion of our revenue, our ability to implement innovative technologies, our ability to bring new products to market and achieve design wins, the efficient and successful operation of our wafer fabrication facilities, assembly facilities and test and tape and reel facilities, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, variability in manufacturing yields, industry overcapacity and current macroeconomic conditions, inaccurate product forecasts and corresponding inventory and manufacturing costs, dependence on third parties and our ability to manage channel partners and customer relationships, our dependence on international sales and operations, our ability to attract and retain skilled personnel and develop leaders, the possibility that future acquisitions may dilute our shareholders' ownership and cause us to incur debt and assume contingent liabilities, fluctuations in the price of our common stock, additional claims of infringement on our intellectual property portfolio, lawsuits and claims relating to our products, security breaches and other similar disruptions compromising our information and exposing us to liability, the impact of stringent environmental regulations, and the impact of integrating the businesses of RFMD and TriQuint. These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.