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IEC Electronics Receives 2011 AME Manufacturing Excellence Award


October 27, 2011 - Newark, NY

The Association for Manufacturing Excellence (AME) is pleased to announce IEC Electronics (NYSE Amex: IEC) as a 2011 recipient of its Manufacturing Excellence Award.

IEC Electronics is a premier provider of electronic manufacturing services to advanced technology companies across the nation. Headquartered in Newark, NY, IEC Electronics is one of seven companies to receive the award, which signifies high levels of excellence achieved and sustained throughout the past year. All award recipients recognized by AME maintain global competitiveness and continually position their organizations as leaders.

IEC Electronics offers a full-range of manufacturing services, including printed circuit board and complex system-level assembly, as well as cable and wire harness assembly and sheet metal fabrication. On the journey toward enterprise excellence since 2005, the company currently employs approximately 850 people nationwide and has products deployed on all continents, with additional applications orbiting Earth, on Mars and in deep space. In 2010, IEC Electronics posted revenues of $97 million, as compared to $19 million in 2005.

"AME is proud to present the 2011 Manufacturing Excellence Award to IEC Electronics," says Paul Kuchuris, AME President. "IEC has achieved 38 percent CAGR increase over the past six years and continues to drive growth in sales and operating income."

"We are honored to be acknowledged by AME, and I applaud all of our employees for their steadfast efforts toward continuous improvement," added W. Barry Gilbert, Chairman and CEO of IEC.

AME's Manufacturing Excellence Awards honor companies that demonstrate significant progress in their journeys toward enterprise excellence through continuous improvement over a three-year period. The following companies were also award recipients:

  • Acumed LLC; Hillsboro, OR
  • Aera Energy LLC, Development; Bakersfield, CA
  • Autoliv; Brigham City, UT
  • Medtronic Spinal and Biologics; Warsaw, IN
  • Milliken; Johnston, SC
  • Raytheon Space and Airborne Systems Advanced Product Center; Dallas, TX

About the Association for Manufacturing Excellence
The Association for Manufacturing Excellence (AME) is the premier not-for-profit organization dedicated to the journey of continuous improvement and enterprise excellence. AME's membership is composed of a trusted network of volunteers who are committed to leveraging the practitioner-to-practitioner and company-to-company shared-learning experience. Through engaging workshops, seminars and plant tours, and industry-leading conferences, AME members are continually discovering and implementing new continuous improvement strategies and best practices. AME offers its members a multitude of valuable resources to help them stay abreast of current industry developments, and improve the skills, competitiveness, and overall success of their organizations. Join AME in leading the "Rebirth of Manufacturing Jobs in North America." For more information, visit www.ame.org or email info@ame.org.

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

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

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