PartMiner Launches ChipMarket.com:

The Ultimate Trading Platform for Excess Electronic Component Inventories

 

 

CENTENNIAL, COLORADO and MELVILLE, NEW YORK, September 7, 2007 – PartMiner, Inc., the leading global marketplace for electronic components, today announced the fully-operational launch of www.chipmarket.com – the ultimate trading platform for proactively marketing and selling and sourcing from OEM excess inventories.

 

Only PartMiner possesses the technology to provide an end-to-end solution for electronics OEMs to dispose of their excess component inventories for top $$s.  Only PartMiner can provide an instantaneous valuation of complex, multi-part inventories because of our continuous involvement in the spot market.  Only PartMiner knows which companies are looking for what parts and can proactively market to the largest audience of potential buyers.

 

Patrick Lai, General Manager of ChipMarket Asia, said:  “We are very pleased that 167 companies in Asia signed up for the service in August, which was our first full-month of operation.  The inventories posted by these companies represent a combined valuation of approximately $200 million.  And this is only the beginning.”

 

Chris Meyer, CEO of PartMiner, said:  “Today PartMiner is the premier provider of information, software tools and spot market sourcing services on the planet.  The launch of ChipMarket enables PartMiner to fill-in all the gaps between supply and demand, both bi-directionally and globally.”

 

About PartMiner

www.partminer.com is the world’s leading global marketplace and information source for the global electronic components industry with more than 3 million component searches per month and more than 400,000 visitors per month.  PartMiner offers a comprehensive, subscription-based, online electronic components database that includes more than 100 million physical devices and billions of part numbers.  PartMiner is the leading worldwide market maker for spot market inventory, offering more than 150 million lines of availability and an enterprise-class bill-of-materials and inventory management system, which is the ultimate tool tying the design chain to the supply chain.

 

PartMiner has offices in the United States (California, Colorado, Florida, Massachusetts, and New York), Brazil, China (Shenzhen, Shanghai, Beijing, and Suzhou), Finland , France, Germany , Hong Kong, India, Israel, Mexico, Singapore, Sweden, and the United Kingdom.