TORONTO, Dec. 10 /PRNewswire-FirstCall/ -- Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced it has received the 2009 North American Market Leadership Award in the Aerospace and Defense Electronics Manufacturing Services (EMS) market from Frost and Sullivan.
Frost and Sullivan analyzed the top EMS providers in the North American EMS market in its report, World EMS Provider Market in the Aerospace and Defense Industry. Celestica emerged as the leader with the highest market share*.
"This award recognizes Celestica's leadership position within the Aerospace and Defense industry," said Lavanya Rammohan, Research Analyst, Frost and Sullivan. "With continuous innovation and dedication, Celestica has been successful in targeting a diverse set of customers with varying requirements. Celestica truly deserves the mantle of a market leader."
Celestica's Aerospace and Defense Centers of Excellence in the Americas, Asia and Europe deliver a full range of high-quality technical solutions that enable its customers to improve time-to-market, quality and reliability, while reducing costs. In addition, Celestica helps its Aerospace and Defense customers to embrace COTS (commercial off the shelf) technology in their programs, and to develop or deploy international programs with offset commitments. Celestica is fully qualified to meet the rigorous standards of the Aerospace and Defense industry. Recently, its Toronto, Canada and Kulim, Malaysia Aerospace and Defense Centers of Excellence received the National Aerospace and Defense Contract Accreditation Program (Nadcap) accreditation.
"We have become the EMS leader in the Aerospace and Defense market by ensuring that our services and solutions are aligned to the Aerospace and Defense industry's needs," said Peter Lindgren, Senior Vice President, General Manager, Growth and Emerging Markets Segment, Celestica. "We are extremely proud of our success and will continue to invest in this business and deliver exceptional results for our customers."
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 Aerospace Technologies Corporation, an indirect wholly owned subsidiary of Celestica, is a U.S. company providing high-mix low-volume electronics manufacturing and supply chain services to the aerospace and defense industries. Through our Centres of Excellence, we provide manufacturing solutions capability in the Americas, Europe and Asia. We are committed to lowering costs and enhancing the competitive performance of aerospace and defense companies through a broad range of technology services - including the design, engineering, manufacture and support of high-reliability electronics systems that provide operational control, monitoring, communications, and information superiority in rigorous military and aerospace environments.
For further information on Celestica, visit its website at http://www.celestica.com/.
* In a recent Frost and Sullivan report, World EMS Provider Market in the Aerospace and Defense Industry, Celestica emerged at the EMS provider with the highest market share in the A&D market in 2008. The market share analysis included the top 5 EMS providers in the A&D market, which accounts for 25.9% of the total North American EMS A&D market. Celestica gained the highest market share of 7.7%.
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. These and other risks and uncertainties and factors 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.
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.
Celestica Inc.
CONTACT: Media Contact: Pam White, Celestica Global Communications,
Phone: (416) 448-2200, Email: pamw@celestica.com
