SOURCE: IEC Electronics

IEC Electronics

September 08, 2010 08:30 ET

IEC Electronics Announces $5.6 million Award

NEWARK, NY--(Marketwire - September 8, 2010) -  IEC Electronics Corp. (NYSE Amex: IEC) announced that it has received an order valued at more than $5.6 million from one of its medical customers. Deliveries will commence November 1, 2010 during IEC's fiscal first quarter.

W. Barry Gilbert, Chairman and CEO, stated, "This is an important order for us. The Medical sector is a strategic growth area for IEC and this order indicates that our investment in targeting medical device customers the last couple of years is beginning to pay off. 

"We regularly receive orders from our customers in all sectors in amounts between $1-$3 million dollars and believe it's important to share with you news of larger orders. Two months ago we received a $6.1 million order from a Military and Defense customer. Likewise, last week we announced a meaningful order of $5.1 million from a second Military and Defense customer, and now this significant $5.6 million order from a Medical customer. With this order activity, we continue to see notable growth in our backlog. Our platform is a simple one; we drive 'Absolutely Positively, Perfect and On Time(SM)' performance and as a result we are being continually rewarded by both our existing and new customers. Fiscal 2011 is shaping up to be another good year for IEC." 

About IEC Electronics
IEC Electronics Corporation provides contract electronic manufacturing services to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The Company's ultra high reliability capabilities include: design, prototype and volume circuit board assembly, material procurement and control, manufacturing and test engineering support, systems build, final packaging and distribution. As a full service EMS provider, IEC is AS9100, ISO-9001:2000, and ISO-13485 registered, and an NSA approved supplier under the COMSEC standard. The Company is headquartered outside of Rochester, New York and also has operations in Victor, New York and Albuquerque, New Mexico. Additional information about IEC can be found on its web site at www.iec-electronics.com.

The foregoing, including any discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, competition and technological change, the ability of the Company to control manufacturing and operating costs, satisfactory relationships with vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors set forth in the Company's 2009 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Heather Keenan
    IEC Electronics Corp.
    (315) 332-4262
    Email Contact

    John Nesbett/Jennifer Belodeau
    Institutional Marketing Services
    (203) 972-9200
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