Celestica Receives Market Leadership Award for the Aerospace and Defense EMS Market
December 10 2009 - 5:00PM
PR Newswire (US)
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.
DATASOURCE: Celestica Inc. CONTACT: Media Contact: Pam White,
Celestica Global Communications, Phone: (416) 448-2200, Email:
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