International Wire Group Holdings, Inc. (the "Company") (OTC Pink:ITWG) today received a 2016 Pinnacle Award for Supplier Excellence from Delphi, its most prestigious supplier honor. International Wire was recognized for its contributions to Delphi's Excellence culture and commitment to quality, value and cost performance.
"I want to thank Delphi for recognizing International Wire with the 2016 Pinnacle Award for supplier excellence. Receiving this award is a testament to IWG's commitment to exceptional customer service and sustained continuous improvement and I want to thank and congratulate the IWG team on this prestigious achievement. Delphi is a key customer for both our North American and European businesses and I look forward to further strengthening the Delphi-IWG relationship while growing our businesses together," said Edwin J. Flynn, Chief Executive Officer of International Wire Group Holdings, Inc.
"Suppliers like International Wire play a significant role in Delphi's success," said Sidney Johnson, senior vice president, Delphi supply chain management. "At Delphi, it isn't just about what we make, but what we make possible a future where vehicles are safer, greener and more connected. Thank you for playing an important role in creating that future."
Delphi recognized 19 suppliers with its 2016 Pinnacle Award.
About International Wire Group Holdings, Inc.
International Wire Group Holdings, Inc., through its subsidiaries, is a manufacturer and marketer of wire products, including bare, silver-plated, nickel-plated and tin-plated copper wire, engineered wire products and high performance conductors, for other wire suppliers, distributors and original equipment manufacturers. Its products include a broad spectrum of copper wire configurations and gauges with a variety of electrical and conductive characteristics and are utilized by a wide variety of customers primarily in the industrial and energy, electronics and data communications, automotive/specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. The Company has eighteen manufacturing facilities and one distribution facility located throughout the United States, France, Italy and Poland.
Forward-Looking Information is Subject to Risk and Uncertainty
Certain statements in this release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "expect," "may," "will," "anticipate" or the negative of any thereof or other variations thereof or comparable terminology, or by discussions of strategy or intentions. Undue reliance should not be placed on any forward-looking statements. These statements are based on management's current beliefs and assumptions and on information currently available to management as of the date they were made. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Many factors could cause our results to differ materially from those expressed in forward-looking statements. These factors include, but are not limited to, fluctuations in our operating results and customer orders, unexpected decreases in demand or increases in inventory levels, changes in the price of copper, tin, nickel and silver, developments in the competitive environments of the markets we serve, our reliance on our significant customers, lack of long-term contracts, our substantial dependence on business outside of the U.S. and changes in exchange rates and other risks associated with our international operations, limitations due to our indebtedness, potential loss of key employees or the deterioration in our relationship with employees, litigation, claims, liability from environmental laws and regulations and other factors.
International Wire Group Holdings, Inc.
Donald F. DeKay, 315-245-3800
Senior Vice-President, Chief Financial Officer and Secretary