NEWARK, NY--(Marketwire - December 15, 2010) - IEC Electronics Corp. (
"The external recognition by IndustryWeek is truly meaningful to us. Our team in Newark has worked very hard and embraced a great deal of change over the course of the last six years. They have effectively transformed IEC Electronics from a troubled company with few comparative advantages to a flourishing company with world class customers and bona fide differentiators in our target markets," said Don Doody, IEC Executive Vice President for Operations. "It's my pleasure to continue to work with our Newark team in the spirit of continuously improving our operations and we are honored to be acknowledged by IndustryWeek as a top plant winner this year."
The selection process involved a panel of IndustryWeek editors who reviewed each application, which included reports on management practices and plant performance in areas such as quality, customer and supplier relations, employee involvement, application of new technologies, productivity, cost reductions, manufacturing flexibility and responsiveness, inventory management, environmental and safety performance, new product development and overall market results. The Newark plant was selected as a Top 20 Best Plant finalist in September of 2010.
Selection of the IndustryWeek Top 10 honorees involved further evaluation by outside experts, review of additional information provided by the finalists and site visits to validate performance data and management practices reported in the applications.
"This award is a tribute to the IEC team in Newark, who are committed to the company -- and committed to our customers," added Doody. "I am very proud of and humbled by their work ethic, tenacity and consistent support of Lean and Six Sigma principles. I congratulate them all for this achievement. Our work is far from over, we can be much, much better than we are today -- and we'll continue to focus on making improvements, just as we have for the last six years."
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 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 and Albuquerque, NM. 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 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)332-4443