TORONTO, June 5 /PRNewswire-FirstCall/ -- Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced it has been named a recipient of the 2008 CIO 100 by CIO magazine. The 21st annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).
Celestica is being recognized by CIO magazine for deploying Liveshare (TM), an innovative e-collaboration tool, powered by E2open's multi-enterprise value network solution. Synchronizing and managing processes through LiveShare has enabled Celestica to work more effectively with its global suppliers by providing enhanced end-to-end communication and supply chain visibility, quick and more accurate execution data, and increased productivity in the procurement process. As a result, Celestica is enhancing the level of responsiveness and flexibility it is providing to its customers.
"Our customers are looking to Celestica for product lifecycle solutions that will help them stay ahead in a dynamic world and adapt to changes quickly," said Craig Muhlhauser, President and Chief Executive Officer, Celestica. "By developing a highly-visible supply chain, supported by innovative IT solutions and a strong global technology platform, we are able to anticipate and prepare for unexpected changes and respond quickly. We are proud that our IT achievements are being recognized by CIO magazine."
"The CIO 100 honors organizations that have used technology in innovative ways to generate value to the business," said Abbie Lundberg, Editor in Chief of CIO magazine. "Unlike other top lists, it's not just about who's biggest-it's about who's doing the most interesting and relevant things."
The 2008 CIO 100 awards will be presented in Colorado Springs, Colorado, on August 26 at the conclusion of the tenth annual CIO 100 Symposium(R) and Awards Ceremony.
About the CIO 100 -----------------
The recipients of this year's CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their innovative practices in both business and IT. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges' recommendations and voted on the final 100. Once the top 100 honorees were selected, several honorees were chosen to receive an additional special award.
Complete coverage of the 2008 CIO 100 awards will be in the August 15 issue of CIO magazine and available online at http://www.cio.com/ on June 1.
About CIO Magazine ------------------
CIO produces award-winning content and community resources for information technology executives thriving and prospering in this fast-paced era of business, as well as create opportunities for information technology and consumer marketers to reach them. The CIO portfolio includes CIO.com, CIO magazine (launched in 1987), CIO Executive Programs and the CIO Executive Council. CIO properties provide business technology leaders with analysis and insight on information technology trends and a keen understanding of IT's role in achieving business goals. The U.S. edition of the magazine and website are recipients of more than 200 awards to date, including three Grand Neals from the Jesse H. Neal National Business Journalism Awards and two Magazine of the Year awards from the National Society of Business Publication Editors. CIO websites and magazines appear in more than 25 countries, including Australia, Canada, China, France and Germany. CIO, and sister brand CSO, are produced by CXO Media a subsidiary of International Data Group (IDG), the world's leading technology media, research and event company.
About Celestica ---------------
Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers' success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Committed to providing a truly differentiated customer experience, our agile and adaptive employees share a proud history of demonstrated expertise and creativity that provides our customers with the ability to overcome any challenge.
Celestica Safe Harbour and Fair Disclosure Statement ---------------------------------------------------- This news release contains forward-looking statements related to our future growth, trends in our industry, our financial and or operational results, and our financial or operational performance. Such forward- looking statements are predictive in nature, and may be based on current expectations, forecasts or assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from the forward-looking statements themselves. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions, or may employ such future or conditional verbs as "may", "will", "should," or "would," or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. The risks and uncertainties referred to above include, but are not limited to: variability of operating results among periods; inability to retain or grow our business due to execution problems resulting from significant headcount reductions, plant closures and product transfer associated with major restructuring activities; the effects of price competition and other business and competitive factors generally affecting the EMS industry; the challenges of effectively managing our operations during uncertain economic conditions; our dependence on a limited number of customers; our dependence on industries affected by rapid technological change; the challenge of responding to lower-than-expected customer demand; our ability to successfully manage our international operations; and delays in the delivery and/or general availability of various components used in the manufacturing process. Our forward-looking statements are also based on various assumptions by management, which management believes are reasonable under the current circumstances, but may prove to be inaccurate and many of which may involve factors that are beyond the control of the Company. The material assumptions may include assumptions regarding the following: general economic and market conditions; currency exchange rates; product pricing levels and competition; customer demand; supplier performance and pricing; operational and financial matters; technological developments; and the execution of our restructuring plan. These assumptions are based on management's current views with respect to current plans and events, and are and will be subject to the risks and uncertainties referred to above. These and other risks, uncertainties, factors and assumptions are discussed in the Company's various public filings at http://www.sedar.com/ and http://www.sec.gov/, including our Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. 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.
