Award recognizes CEVA for significant contributions to FCI’s success
Singapore, 1 October, 2012 – CEVA Logistics, one of the world’s leading supply chain companies, today announced that it was a proud recipient of FCI’s Partnership Award 2012. This award recognizes CEVA as one of their key preferred suppliers around the globe and the significant contributions the company has made to the success of FCI’s ceva tracking business performance.Laurent Petit, Vice President, Asia Operations and Global Purchasing and Supply Chain, FCI commented: “This Partnership Award from FCI demonstrates CEVA’s capability to significantly contribute to our global business performance. As our preferred logistics supplier, CEVA has been successfully taking care of most of our freight and distribution centers worldwide. We rely on CEVA’s ability to always build the right solutions for real problems. I would like to thank and congratulate the entire CEVA team for their continued and loyal support.”
“We are delighted and honored to receive a Partnership Award from FCI,” said Didier Chenneveau, CEVA’s President for Asia Pacific. “We believe that CEVA’s strong commitment to deliver competitive advantage to FCI’s supply chain and business performance has helped us strengthen this relationship over the years. We look forward to deepening this strategic relationship with FCI and will continue to support them effectively in today’s highly competitive global market.”
CEVA has developed a significant partnership with FCI which began seven years ago and will continue to take a strategic approach in the effective management of their supply chain through constant innovation and service excellence to remain a valued partner to FCI.
CEVA – Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 51,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of €6.9 billion.
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2012 and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.