Electro Rent and NI Announce Global Leasing Cooperation

Austin, Texas-November 18, 2020-Electro Rent and NI Corporation (NASDAQ: NATI) today announced a new partnership to lease NI automated test and measurement solutions to Electro Rent’s vast customer network The program, the cooperation started in North America, and then will be expanded to the global scope in 2021.

Today’s engineers and companies are actively seeking new ways to bring products to market faster while reducing test costs. As one of the world’s largest suppliers of test equipment and solutions, Yilai Chu has unique advantages and is committed to developing the right combination of tools, services and financial options for each customer to meet their needs. The cooperation between the two companies will provide customers with new opportunities to use industry-leading solutions on a lease basis, which usually allows them to switch their investment Model from capital expenditure (CapEx) to operating expenditure (OpEx), Enjoy flexible deadlines, and achieve varying degrees of savings based on monthly and annual usage. “

Jason Green, senior vice president of global sales, support, service and operations at NI said: “Our customers value flexibility and the opportunity to quickly obtain key solutions, services, and expertise through various financial options. E-Lai Chu’s global network can expand NI’s coverage and available options for customers will provide more engineers with the tools they need, increase productivity, and accelerate innovation.”

NI works closely with customers in R&D laboratories and manufacturing plants in multiple industries such as semiconductors, transportation, aerospace, government, and defense around the world. Now through the cooperation with Yilaichu, NI software-connected test and measurement solutions can be rented in North America, and plans to expand to other regions starting next year.

“We are very pleased to provide Yilaichu’s customers with the right to lease NI products. This cooperation allows us to provide fast and easy leasing solutions for NI’s well-known product and program portfolio.” Mike Clark, CEO of Yilaichu Americas Said: “Combining our technical expertise and market leadership with NI automated test solutions and software-connected systems is a victory for our customers.”

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