Celestica Recognizes GenRad With Global 'Partners in Performance' Award.Business/Technology Editors WESTFORD, Mass.--(BUSINESS WIRE)--June 18, 2001 GenRad, Inc. [NYSE NYSE See: New York Stock Exchange : GEN], a global leader in electronics testing and manufacturing solutions, today announced it was awarded a first year Partners in Performance award by Celestica Inc. (NYSE, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CLS (Common Language Specification) The structure and syntax of .NET and CLI programming languages. See .NET. ), a world leader in electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS), for GenRad's GR Force/SCE supply chain enabling software. Awards were handed out to select suppliers at Celestica's third annual Global Supplier Awards in Toronto. The awards were given in recognition of outstanding achievements and support of Celestica's electronics manufacturing services goals. "GenRad is pleased to be recognized by an industry leader like Celestica," says Robert M. Dutkowsky, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GenRad. "GenRad is also proud to be the first and only company to date to receive this award for software. We have worked closely with Celestica to implement worldwide deployment of our GR Force/SCE, supply chain enabling software. This close relationship was instrumental in the project's success and we look forward to continuing our work with Celestica at their facilities around the globe." The Partners in Performance awards are given to suppliers based on their ability to support Celestica's supply chain management objectives in the following areas: flexibility and responsiveness, impact on asset management, effectiveness and efficiency, and overall supplier performance. "GenRad's support of Celestica's supply chain requirements were essential to the success of Celestica's relationships with its customers," said Karlheinz Totz, vice president, corporate commodity management, Celestica. "We're proud to recognize GenRad as one of Celestica's Partners in Performance." About GR Force/SCE GR Force/SCE (TM) is a complete open-architecture, standards-based suite of software solutions creating a new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. in supply chain responsiveness. GR Force/SCE leading-edge Java-based architecture is web-centric, J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. compliant, modular, and easily integrates with best in class solutions. Benefits include faster time to market, lower total cost of ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ) and faster reaction time (zero latency (1) Having no delay between the time a request is initiated and the response is given. See latency. (2) (Zero Latency) Coined by the GartnerGroup, it is the immediate exchange of information across geographical, technical and organizational boundaries so that all ). GR Force/SCE enables real time data exchange and execution for broad asset value chain management visibility and control. GR Force/SCE solutions feature pricing options for the production line, factory and/or enterprise level. About Celestica Celestica is a world leader in electronics manufacturing services (EMS) for industry leading original equipment manufacturers (OEMs), primarily in the computer and communications sectors. With facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia and Latin America, Celestica provides a broad range of services including design, prototyping, assembly, testing, product assurance, supply chain management, worldwide distribution and after-sales service. For further information on Celestica, visit its website at http://www.celestica.com. The company's security filings can also be accessed at http://www.sedar.com and http://www.sec.gov.com. About GenRad GenRad Inc. [NYSE: GEN] a global leader in electronics testing and manufacturing solutions serving the world's leading original equipment and electronics manufacturing services markets. GenRad's customers manufacture a wide range of advanced technology products ranging from computer, telecommunications and broadband networking devices to wireless products and enterprise hardware. With 37 offices in 22 countries, GenRad is comprised of four business units, each providing integrated hardware, software and service solutions. --Process Solutions focuses on supply chain enabling software, x-ray test, in-circuit test, and re-work solutions that enable process control and line optimization for manufacturers of electrical circuit assemblies. --Functional Solutions focuses on functional test platforms for manufacturers of telecommunications, computers and automotive electronics. --Diagnostic Solutions focuses on service bay and manufacturing solutions for transportation OEMs and independent service providers. --Support and Services focuses on maintenance programs, on-site and remote support, and training to help customers optimize their hardware and software solutions. Founded in 1915, GenRad employs about 1,300 people with worldwide headquarters in Westford, MA, USA. Listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. since 1978, GenRad's Web address is www.GenRad.com. |
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