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DGAP-News: Plexus Customer Wins Queen's Award for Enterprise
ID: 403020
(firmenpresse) - Plexus Corp.
10.05.2011 18:00
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KELSO, Scotland, 2011-05-10 18:00 CEST (GLOBE NEWSWIRE) --
Plexus Corp. (Nasdaq:PLXS) is delighted to announce that its UK based customer
Irisys was awarded the 2011 Queen's Award for Enterprise in the International
Trade Category.
Plexus was selected by Irisys in 2007 to provide full turnkey manufacturing
solutions for their people counter, queue management and thermal imaging
products. Partnering with Plexus has enabled Irisys to provide assurances to
end customers of producing a greater volume of product more quickly to meet
growing demand in more than 50 countries worldwide, including new opportunities
in North America, South America, China and Japan.
The Queen's Award recognises Irisys for boosting international trade by growing
exports. This growth has been supported by leveraging Plexus global
manufacturing capabilities and footprint, allowing Irisys to focus on their key
R&D and marketing competencies.
Willie MacKinnon, Senior Operations Director - EMEA, at Plexus commented: 'We
congratulate Irisys on this prestigious award and are delighted to be their
manufacturing partner. The agility that Plexus demonstrates ensures that Irisys
is able to meet growing demand from their customer base. The provision of
configure to order and direct order fulfilment services provides a flexible
model that supports Irisys ongoing growth objectives.'
Dr Ian Wilcock, Chief Operating Officer at Irisys added: 'We are delighted to
receive this award. It recognises Irisys' achievement over the last few years
in expanding into new markets and helps in our own way in the UK's export led
economic recovery. Our sales growth success would not have been possible
without our manufacturing partner Plexus.'
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 Irisys
Irisys is a UK innovator in award-winning technologies that make a significant,
measurable impact on business efficiency, and improve the quality of people's
lives.
Irisys is a high technology manufacturing success story, exporting British
technology all over the world, and regularly featuring in the Sunday Times Tech
Track list of fastest growing technology companies. The company invests a
double digit percentage of revenues in R&D and holds over 70 patents. One in
six employees has a PhD.
The company is the global leader in people counting technologies and real time
queue management solutions. Its infrared thermal imaging solutions are used by
some of the world's leading retailers to boost customer service, operational
efficiency and profitability. Irisys pioneered the introduction of low cost
thermal imaging cameras for industrial applications, and its security
technologies are predicted to transform the intruder detection market. Irisys
healthcare solutions aim to make hospitals safer and cleaner, and improve home
monitoring for the elderly and infirm.
The company more than doubled its revenues in 2010, both by changing the
landscape of established markets and by creating entirely new areas of demand.
Plexus 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 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; the effects of the current
constrained supply environment, which has led and may continue to lead to
periods of shortages and delays in obtaining components based on the lack of
capacity at some of our suppliers to meet increased demand, or which may cause
customers to increase forecasts and orders to secure raw material supply or
result in our inability to secure raw materials required to complete product
assemblies; 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 ability to execute the
approved share repurchase program at the share price and in the timeframe we
intend; 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, war in the Middle East, and the
earthquake and tsunami in Japan); 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). The anticipated April 21, 2011 closing
of the debt private placement remains subject to execution of related documents
and customary closing conditions.
CONTACT: For further information please contact:
Willie MacKinnon
Senior Operations Director - EMEA
+44 (0) 1573 227054 or willie.mackinnon(at)plexus.com
News Source: NASDAQ OMX
10.05.2011 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: 10.05.2011 - 18:00 Uhr
Sprache: Deutsch
News-ID 403020
Anzahl Zeichen: 10271
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Kategorie:
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