SOURCE: IEC Electronics

IEC Electronics

September 22, 2011 08:35 ET

IEC Electronics Announces $6.7 Million Award

NEWARK, NY--(Marketwire - Sep 22, 2011) - IEC Electronics Corp. (NYSE Amex: IEC) announces that it has received an order valued at approximately $6.7 million from a Fortune 100 industrial customer. Deliveries are expected to commence either late in the first quarter or early in the second quarter of fiscal 2012.

W. Barry Gilbert, Chairman of the Board and CEO, stated, "We appreciate the continuing confidence of this longstanding customer in our quality standards and on time performance, as demonstrated by their placement of this additional order with us. Despite some negative reports in the press relating to the health of the economy, many of our customers continue to move forward and we're pleased to be part of their ongoing commercial programs."

About IEC Electronics

IEC Electronics Corporation is a premier provider of electronic manufacturing services ("EMS") to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The Company specializes in the custom manufacture of high reliability, complex circuit cards, system level assemblies, a wide array of custom cable and wire harness assemblies, and precision sheet metal products. As a full service EMS provider, IEC is a world-class ISO 9001:2008, AS9100 and ISO13485 certified company. The AS9100 certification enables IEC to serve the military and commercial aerospace markets. The ISO13485 certification supports the quality requirements of medical device markets. The Company is also AC7120 Nadcap accredited for electronics manufacturing to support the most stringent quality requirements of the aerospace industry, as well as ITAR registered and NSA approved under the COMSEC standard. IEC Electronics is headquartered in Newark, NY (outside of Rochester) and also has operations in Victor, NY, Rochester, NY, Albuquerque, NM and Bell Gardens, CA. 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, the ability of the Company to develop and maintain satisfactory relationships with vendors, and the ability of the Company to efficiently integrate acquired companies into its business. 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 2010 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

Contact Information

  • Contact:

    Susan E. Topel-Samek
    Vice President & CFO
    IEC Electronics Corp.
    (315)332-4308
    Email Contact

    John Nesbett
    Institutional Marketing Services
    (203)972-9200
    Email Contact

    Jennifer Belodeau
    Institutional Marketing Services
    (203)972-9200
    Email Contact