23.03.2005 15:02:00
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Jabil Circuit French Operations Awarded EN 9100 Aerospace Certificatio
Business Editors/Technology Writers
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 23, 2005--Jabil Circuit, Inc. (NYSE:JBL) today announced that its Brest, France, operations have achieved EN 9100 certification - the European-region edition of the International Aerospace Quality Group (IAQG) 9100 Quality Management System.
The 9100 standard was developed by the IAQG to help major aerospace companies ensure that their suppliers meet stringent standards for safety, reliability and quality. As a leading provider of Electronics Manufacturing Services (EMS) solutions to this industry, Jabil earned American-region AS 9100 certification for its Billerica, Mass., and St. Petersburg, Fla., plants in 2003, and expects its Singapore operations to achieve 9100 certification later this year.
"The Brest plant's EN 9100 certification represents a significant milestone in our growth strategy for the aerospace industry," said John Lovato, President of Jabil - Europe. "Once our Singapore operations have achieved this recognition, we will have 9100-certified facilities strategically positioned to deliver EMS solutions to aerospace manufacturers around the world."
This industry has not historically capitalized on EMS solutions, but that situation is changing quickly. "Fierce competition is forcing OEMs to re-think how they deploy their limited resources. Those at the forefront are already teaming up with 9100-certified companies like Jabil for electronics manufacturing to speed product development, boost product reliability and lower total costs. This means they can focus internally on new-product development, sales and marketing," Lovato said.
The aerospace market globally, and the European market in particular, is poised for dramatic growth, added Lovato. "We're committed to being this industry's major EMS provider."
About Jabil
Jabil is an electronic solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete electronic product supply chain management around the world. With more than 40,000 employees and facilities in 19 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Further information is available on the company's website: jabil.com.
This news release contains forward-looking statements, including those regarding services to be provided in the future to customers of the acquired business, the growth of the markets serviced by such acquired business, the continued business operations of the acquired business in the future and the financial impact of the transaction on Jabil's future earnings. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: our ability to successfully integrate the operations acquired from Varian and retain the customers of the acquired business; changes in technology competition; anticipated growth for the acquired business and us and our industry may not occur; managing rapid growth; managing any rapid declines in customer demand that may occur; our ability to provide quality services; our ability to service growing markets; retaining key personnel; our dependence on a limited number of customers; the consolidation of our customer base; business and competitive factors generally affecting the electronic manufacturing services industry, our customers and our business; other factors that we may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2004, any subsequent Reports on Form 10-Q and Form 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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CONTACT: Jabil Circuit, Inc., St. Petersburg Beth Walters, 727-577-9749
KEYWORD: FLORIDA INDUSTRY KEYWORD: SOFTWARE LEGAL/LAW AEROSPACE/DEFENSE GOVERNMENT MANUFACTURING SOURCE: Jabil Circuit, Inc.
Copyright Business Wire 2005
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