Jabil and Carl Zeiss Create Joint Venture to Develop and Manufacture Optical Modules and Engines

4 January 2006
St. Petersburg, FL

Forward - Looking Statement

ST. PETERSBURG, FL – January 4, 2006 – 1:00 p.m. EST...Jabil Circuit today announced it will develop optical modules as part of a joint venture with Carl Zeiss.  The partnership will enable Jabil to offer world-leading optical module capability to its rapidly growing Display Technologies Business Unit.  Jabil will have the majority interest in the joint venture.

Carl Zeiss will provide digital light processing (DLP) technology know-how to the partnership, including core competencies in the development, technology, marketing, sales and production of display applications. Jabil will integrate the resources of the joint venture into an established global development and production platform focused on providing their consumer electronics customers an outstanding value proposition.

“Our strong technical and manufacturing capabilities coupled with the superior optics and light processing experience of Carl Zeiss, will give us a leading role in the growing optical module and optical engine market,” explained Scott Brown, Executive Vice President, Jabil Circuit.

“With Jabil Circuit, we have found a partner that is very familiar with the mass production of consumer electronics and able to continue and enhance the business with optical modules," said Dr. Franz von Falkenhausen, President & CEO of Carl Zeiss Jena GmbH and Executive V.P. & G.M. of the Opto-Electronic Systems Group.

About Jabil Circuit

Jabil is an electronic solutions company providing comprehensive electronics design, production 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 55,000 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 the anticipated outlook for our business, our currently estimated third quarter and full fiscal year 2006 net revenue and earnings results and our long-term outlook for our company, our industry and our business sectors.  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: fluctuations in operating results; changes in technology; competition; anticipated growth for us and our industry that  may not occur; managing rapid growth; managing any rapid declines in customer demand that may occur; our ability to successfully consummate acquisitions; managing the integration of businesses we acquire; risks associated with international sales and operations; retaining key personnel; our dependence on a limited number of customers; 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, 2005, 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.