AVX and Lucent Enter Strategic Alliance

October 17, 1999 by Jeff Shepard

AVX Corp. (Myrtle Beach, SC) announced that it has entered into a strategic alliance agreement with Lucent Technologies (Murray Hill, NJ). The agreement is part of Lucent’s recently implemented Supplier Relationship Program, in which Lucent and AVX will collaborate on cost-reduction initiatives and design, share technology roadmaps, and work together to reach mutually developed business goals.

"AVX is looking forward to working with Lucent as a key supplier, providing advanced component designs for Lucent’s networking technologies," said Pete Venuto, vice president of sales for AVX. "Lucent has recognized AVX’s ability to efficiently supply leading-edge technology that will allow for short product cycle times and significant cost reductions."