Jabil Earns NEC Solution America's Favored Supplier Award
20 April 2005
St. Petersburg, FL
Jabil Circuit, Inc. (NYSE: JBL) today announced that it has received NEC Solution America's Favored Supplier Award for reaching the 10,000-unit milestone in manufacturing NEC's high-performance data storage units.
The server family using these data storage units has been extraordinarily successful, according to Larry Sheffield, executive vice president of the Solutions Platform Group for NEC Solutions America. In the two years since Jabil was named NEC's manufacturing subcontractor for this product, he said, sales have nearly doubled initial projections.
"This success is due in no small part to the unique relationship we've forged with Jabil," Sheffield added. "Together, we have been able to make a product that delivers superior functionality at a very competitive price."
Jabil manufactures the products in its San Jose, California, and Livingston, Scotland, facilities under quality-control standards that are among the most stringent in the industry. NEC gave these Jabil plants near-perfect customer-satisfaction scores of 99.33 percent and 99.44 percent, respectively.
The Favored Supplier Award is an indication that NEC officials are delighted with the job Jabil is doing for them, noted Jabil Business Unit Manager Jim Treadway. "We're definitely contributing to their success - and it's our intention to continue doing so for many years to come."
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.
About NEC Solutions (America), Inc.
NEC Solutions (America), Inc. is a premier provider of integrated solutions for the Connected Enterprise in North America. As an affiliate of NEC Corporation (NASDAQ: NIPNY) (FTSE: 6701q.1), NEC Solutions America taps into a global resource network to help clients leverage technology to achieve a competitive edge. From corporate performance management and biometric security solutions to digital cinema and in-theatre advertising systems, visual displays and server solutions, the expertise is delivered with the personal attention needed to address individual situations. With headquarters in Rancho Cordova, California, NEC Solutions America serves a wide range of markets, including the health care and public safety, financial services, cinema, retail and manufacturing markets. Information regarding NEC Solutions America can be found at http://www.necsam.com.
This news release may contain forward-looking statements, including those regarding our business and our relationship with a customer. 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 provide quality services and retain customers and business; 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.