New Products: The company periodically introduce new products, which are intended to complement its existing product lines. These products are ones that are commonly used in the same circuit designs as other of the products that it sells and would further provides a one- stop-shop for the customer. Some of these products are common items used in all applications and others are niche items with a focus towards a particular application. These new products include fuses, printed circuit boards and switches. All products are available in traditional leaded, as well as surface mount (chip) versions. The company sells, under the name of the manufacturer, Lelon Electronics, aluminum electrolytic capacitors, which are capacitors that store and release energy into a circuit incrementally and are used in various applications. Marketing and Sales The company’s sales efforts are directed towards original equipment manufacturer (OEM) customers in various industries. The company uses independent sales representatives or organizations, which often specialize in specific products and areas and has specific knowledge of and contacts in particular markets. Customers The products that the company sells are sold to distributors and OEMs in such diverse industries as the automotive, computer, communications, cellular telephones, consumer electronics, garage door openers, security equipment, audio equipment, telecomm products, computer related products, power supply products, utility meters and household appliances industries. One of the company’s customers, Avnet, Inc. accounted for 10% of net sales for Fiscal 2013. The company has transferred the Honeywell business from a direct relationship to selling to Honeywell through Avnet Inc. Its discrete components are often sold to the same clients as its capacitors. Competition The company’s principal competitors in the sale of capacitors include Nichicon; Panasonic; Illinois Capacitor; NIC; AVX; Murata; Epcos; United Chemicon; Rubycon; Vishay; and Kemet. The company’s principal competitors in the sale of discrete components include Vishay; General Semiconductor Division; General Instrument Corp.; OnSemi, Inc.; Microsemi Corp.; Diodes, Inc; and Littlefuse, and Copper Bussman Division. The company’s principal competition in the audible business includes AVX, Murata, Panasonic, Projects Unlimited, International Components Corp. and Star Micronics. Government Regulation Various laws and regulations relating to safe working conditions, including the Occupational Safety and Health Act, are applicable to the company. The company is subject to the United States Foreign Corrupt Practices Act, which generally prohibits United States companies from engaging in bribery or other prohibited payments to foreign officials for the purpose of obtaining or retaining business. History Surge Components, Inc. was founded in 1981. The company was incorporated in the state of New York in 1981, and re-incorporated in Nevada in 2010.
surge components inc (SPRS:OTC US)
95 East Jefryn Boulevard
Deer Park, NY 11729
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