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DGAP-News: Photo Release -- Plexus Customer Wins European Smart Metering Awards
ID: 346418
(firmenpresse) - Plexus Corp.
10.02.2011 18:30
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KELSO, Scotland, 2011-02-10 18:30 CET (GLOBE NEWSWIRE) --Plexus Corp. (Nasdaq:PLXS) announces today that it continues to build their
customer partnership with OnStream by supporting the development of their
industry-leading smart meters. OnStream's success was recently recognised at
the European Smart Metering Awards 2011 when they were awarded both the Meter
Manufacturer&Technology of the Year and the Innovation of the Year Awards.
These awards recognise OnStream as a key contributor in the progression of
smart metering and also acknowledge the innovative approach that OnStream
adopted in developing their new smart meter offering.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8744
Plexus was selected to be OnStream's partner because of its ability to deliver
optimized Product Realization Value Stream Solutions that provide flexibility
to expand the service model to meet changing market needs. Since October 2009,
Plexus has provided OnStream with a high quality of service through localised
product development at its Livingston Design Centre, and prototyping and volume
manufacturing at its Kelso manufacturing facility.
Speaking after the awards, Willie MacKinnon, Senior Operations Director in EMEA
at Plexus, commented, 'We are excited to partner with OnStream on their smart
meter program and are pleased that they have been recognised as industry
leaders. We look forward to continuing our partnership with OnStream as they
roll out their smart meter products by providing scalable, flexible and cost
effective solutions that meet their growth needs in this exciting new market.'
Speaking at the summit, OnStream's Strategy&Smart Development Manager Keith
Hawkins, commented, 'We are delighted to win these awards. Not only do they
recognise the hard work we have put into our product development, but are also
confirmation from the industry that OnStream is seen to have the leading smart
products and are at the forefront of driving forward innovative solutions to
support the wider industry smart metering roll out.' Keith went further to
thank Plexus for supporting and building the OnStream manufacturing capability.
About Plexus Corp. - The Product Realization Company
Plexus (www.plexus.com) delivers optimized Product Realization solutions
through a unique Product Realization Value Stream service model. This customer
focused services model seamlessly integrates innovative product
conceptualization, design, commercialization, manufacturing, fulfillment, and
sustaining services to deliver comprehensive end-to-end solutions for customers
in the America, European and Asia-Pacific regions.
Plexus is the industry leader in servicing mid-to-low volume, higher complexity
customer programs characterized by unique flexibility, technology, quality and
regulatory requirements. Award-winning customer service is provided to over 100
branded product companies in the Wireline/Networking, Wireless Infrastructure,
Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors.
The Plexus Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7065
About OnStream
OnStream, a National Grid company, is one of Britain's leading metering
companies, providing dual fuel traditional and smart metering solutions to
customers across Great Britain. OnStream offers a flexible and professional
range of meter management services to both residential and commercial
customers, with more than 4.5 million meters installed to date.
OnStream offers smart metering services aimed at improving service provision
and reducing environmental impact and has, so far, installed more than 60,000
smart meters in homes and businesses. To support smart metering it offers data
collection and aggregation services ensuring a holistic, end-to-end service for
its customers.
In addition, OnStream provides traditional meter reading services alongside
world-class Automated Meter Reading services for both domestic and non-domestic
customers, through which it collects consumption data on a daily basis from
more than 20,000 AMR devices.
For more information, please visit www.onstream.co.uk.
Safe Harbor and Fair Disclosure Statement
The statements contained in this release which are guidance or which are not
historical facts (such as statements in the future tense and statements
including 'believe,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'goal,' 'target'
and similar terms and concepts), including all discussions of periods which are
not yet completed, are forward-looking statements that involve risks and
uncertainties. These risks and uncertainties include, but are not limited to:
the risk of customer delays, changes, cancellations or forecast inaccuracies in
both ongoing and new programs; the continuing poor visibility of future orders,
particularly in view of current economic conditions; the economic performance
of the industries, sectors and customers we serve; the effects of the volume of
revenue from certain sectors or programs on our margins in particular periods;
our ability to secure new customers, maintain our current customer base and
deliver product on a timely basis; the risk that our revenue and/or profits
associated with customers who are acquired by third parties will be negatively
affected; the particular risks relative to new customers, including our
arrangements with The Coca-Cola Company, which risks include customer and other
delays, start-up costs, potential inability to execute, the establishment of
appropriate terms of agreements, and the lack of a track record of order volume
and timing; the risks of concentration of work for certain customers; our
ability to manage successfully a complex business model characterized by high
customer and product mix, low volumes and demanding quality, regulatory, and
other requirements; the risk that new program wins and/or customer demand may
not result in the expected revenue or profitability; the fact that customer
orders may not lead to long-term relationships; raw materials and component
cost fluctuations particularly due to sudden increases in customer demand; the
risks associated with excess and obsolete inventory, including the risk that
inventory purchased on behalf of our customers may not be consumed or otherwise
paid for by customer resulting in an inventory write-off; the weakness of the
global economy and the continuing instability of the global financial markets
and banking system, including the potential inability of our customers or
suppliers to access credit facilities; the effect of changes in the pricing and
margins of products; the effect of start-up costs of new programs and
facilities, including our recent and planned expansions, such as our new
replacement facility in Oradea, Romania, and our plans to further expand in
Penang, Malaysia, Darmstadt, Germany and Xiamen, China; the risk of
unanticipated costs, unpaid duties and penalties related to an ongoing audit of
our import compliance by U.S. Customs and Border Protection; possible
unexpected costs and operating disruption in transitioning programs; the
potential effect of fluctuations in the value of the currencies in which we
transact business; the potential effect of world or local events or other
events outside our control (such as drug cartel-related violence in Mexico,
changes in oil prices, terrorism and war in the Middle East); the impact of
increased competition; and other risks detailed in the Company's Securities and
Exchange Commission filings (particularly in Part I, Item 1A of our annual
report on Form 10-K for the fiscal year ended October 2, 2010).
CONTACT: Willie MacKinnon
Senior Operations Director - EMEA
+44 (0) 1573 227054 or willie.mackinnon(at)plexus.com
News Source: NASDAQ OMX
10.02.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Plexus Corp.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US7291321005
WKN:
End of Announcement DGAP News-Service
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Datum: 10.02.2011 - 18:30 Uhr
Sprache: Deutsch
News-ID 346418
Anzahl Zeichen: 9715
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
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