Alps Electric Europe enters into distribution contract with TTI Inc.

Munich, January 25, 2018 - Alps Electric Europe has signed and entered into a pan-European distribution contract with TTI Inc., the world's leading specialist distributor of passive, connector, electromechanical and discrete components, to strengthen its component sales in Europe. Alps' product portfolio, as well as marketing approach and strategy perfectly match with TTI's technical, logistic and commercial expertise. By entering into this cooperation Alps will greatly expand and reinforce its presence in the European electronic distribution market, especially in the industrial market, where TTI has a leading position and expert knowledge. Furthermore, TTI will support Alps in accelerating the promotion of its newest product releases, such as the latest line of pressure sensors and printers. TTI, Inc. TTI, a Berkshire Hathaway company, is an authorized, specialty distributor of interconnect, passive and electromechanical (IP&E) components and the distributor of choice for industrial and consumer electronics manufacturers worldwide. Broader and deeper inventory, leading-edge products and custom supply chain solutions have established TTI as the leading specialist in electronic component distribution. Globally, the company maintains two million cubic feet of dedicated warehouse space containing over 850,000 component part numbers. Along with its subsidiaries, Mouser Electronics, Sager Electronics, and Symmetry Electronics, TTI employs over 5,400 employees and is represented in over 100 locations throughout North America, Europe and Asia. For more information about TTI, visit www.ttieurope.com

Alps Electric Co., Ltd. Alps Electric (Tokyo: 6770) is a leading global manufacturer of high-quality electronic components for mobile devices, home electronics, vehicles and industrial equipment. With the philosophy of "Perfecting the Art of Electronics" Alps Electric supplies over 40,000 different components from 21 factories worldwide to about 2,000 companies all over the world. Through its expertise in sensors, switches, keyless entry systems and other electronic components, Alps contributes to some of the world's most popular and renowned auto brands, known for quality and precision engineering. The Alps Group overall has 42,000 employees and annual sales worth €6 billion. For more information, visit www.alps.com. Alps Electric Europe GmbH, a subsidiary of Alps Electric Co., Ltd., was established in 1979. Since 2013 the European Head Office has been located in Munich and as such co-ordinates the Sales, Marketing and Product Engineering activities of our offices in Dusseldorf, Paris, Milton Keynes, Gothenburg and Milan, as well as the production activities of our manufacturing site in Dortmund.