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Toronto, Ontario, Canada, 2007/02/12 - Celestica, Inc. (NYSE, TSX: CLS), a world leader in electronics manufacturing services (EMS), today announced that it has received the 2006 North American Frost & Sullivan Award for Customer Service Leadership in the aerospace & defense category.
The award acknowledges the company's efforts in successfully penetrating the aerospace and defense industries and increasing loyalty among its customers in this space through its innovative service offerings.
Celestica was chosen to receive this award based on:
- Strong customer focus - provides exceptional value and cost efficiencies to a select group of strategic customers
- Understanding of customer needs - understands the innate differences between the electronics sector and the aerospace and defense industries and has established the infrastructure required to support customers in this space
- Customized services and solutions - acts as a seamless extension of its customers, whether providing point services or complete end-to-end manufacturing solutions
- Supply chain excellence - in addition to leveraging its strong global supplier relationships to ensure supplier quality and performance, Celestica meets the complex requirements of the aerospace and defense industries through its market-focused supply chain strategy
- Environmental legislation leadership - translates its expertise in environmental legislation such as the Restriction of Hazardous Substances (RoHS) into services that help aerospace and defense customers to meet the challenges of component obsolescence.
"Celestica continues to be committed to making our customers successful in the aerospace and defense sectors," said Craig Muhlhauser, Celestica's President and Chief Executive Officer. "This has involved building on our global strengths in customer service, quality, reliability and technology to meet demanding customer requirements. We are extremely proud of our success to date and look forward to continued profitable growth in this important market segment."
"Celestica's ability to understand its aerospace and defense customers' requirements and translate them into successful solutions has paid dividends," said Lavanya Ram Mohan, Senior Research Analyst, Frost & Sullivan. "Although its entry into the aerospace and defense industry is a relatively new venture for the company, Celestica has managed to reinforce and solidify its position as a serious contender for market leadership."
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Celestica is a world leader in the delivery of electronics manufacturing services (EMS) with more than 42,000 employees, almost 40 locations in 16 countries worldwide and 2006 revenues of US$8.8 billion. Celestica operates a global manufacturing network with operations in Asia, Europe and the Americas, providing a broad range of integrated services and solutions to leading OEMs (original equipment manufacturers).
Celestica Aerospace Technologies Corporation, a wholly owned subsidiary of Celestica, is a U.S. company providing advanced electronics manufacturing and supply chain services to the aerospace and defense industries. With manufacturing capability in the Americas, Europe and Asia, the mission of Celestica Aerospace Technologies Corporation is to enhance the competitive performance of aerospace and defense companies through a broad range of technology services - including the design, manufacture and support of high-reliability electronics systems that provide operational control, monitoring, communications, and information superiority in rigorous military and aerospace environments.
Safe Harbour and Fair Disclosure Statement
This news release contains forward-looking statements related to our future growth, trends in our industry and our financial and operational results and performance that are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: the challenges of effectively managing our operations during uncertain economic conditions; the challenge of responding to lower-than-expected customer demand; the effects of price competition and other business and competitive factors generally affecting the EMS industry; our dependence on the computer and communications industries; our dependence on a limited number of customers and on industries affected by rapid technological change; component constraints; variability of operating results among periods; and the ability to manage expansion, consolidation and the integration of acquired businesses. These and other risks and uncertainties and factors are discussed in the Company's various public filings at sedar.com and sec.gov, including our Annual Report on Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission.
We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
In the Company's best judgement, the events noted in this press release on a stand-alone basis are not expected to be material to Celestica's overall financial results.