Cerplex and Digital Equipment Corp. Sign Major Parts Sourcing Contract.TUSTIN, Calif.--(BUSINESS WIRE)--Nov. 5, 1996--The Cerplex Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CPLX), a leading provider of high technology outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. services, on Tuesday announced a multi-year, multi- million dollar agreement with Digital Equipment Corp. The agreement calls for Cerplex to provide multi-vendor service parts sourcing to Digital's Multivendor Customer Services unit. "This new contract is an addition to other programs Cerplex currently provides to Digital, and represents a new source of revenue of approximately $16 million in 1997 for our service parts division," said William A. Klein, chairman and chief executive officer. "As Cerplex continues to restructure its business model, new contracts such as this one are key to our success in the future" Cerplex has previously maintained a multiple capability parts sales and "leasing" business. More recently, the company has offered three distinct parts programs -- Guaranteed Parts Availability, Advance Exchange and Electronic Brokering. Parts are sold both from Cerplex's inventory as well as from a network of qualified parts sources developed by the company. Customers are able to conduct simple purchases, or exchange defective defective adj. not being capable of fulfilling its function, ranging from a deed of land to a piece of equipment. (See: defect, defective title) parts for refurbished parts, essentially paying just a repair fee. Premium offerings include 24 and 48 hour guaranteed availability as well as advanced exchange where new parts are shipped immediately upon request. Digital's Multivendor Customer Services unit is one of the largest multivendor service providers in the world, providing a broad range of services to customers of all sizes. Under the terms of this contract, Cerplex will provide service parts for a wide variety of products manufactured by a multitude of original equipment manufacturers (OEM's). Cerplex will use it's enhanced sourcing capabilities, coupled with it's logistics infrastructure to deliver needed service parts to Digital customers within hours of receiving the order. It is expected that Cerplex will begin supplying parts to Digital under the terms of this contract during Q4 of 1996, ramping to full volume early in 1997. About Digital Equipment Corp. Digital Equipment Corp. is a world leader in open client/server solutions from personal computing Refers to users working on their own computers rather than a terminal to a mainframe. Sometimes, the term refers to using computers at home for work and/or entertainment in contrast to business use only. See personal computer. to integrated worldwide information systems. Digital's scaleable Alpha and Intel platforms, storage, networking, software and services, together with industry-focused solutions from business partners, help organizations compete and win in today's global marketplace. About Cerplex Cerplex is a leading independent provider of service outsourcing, including repair and remanufacturing, parts and logistics services. The company has developed extensive capabilities in these areas, focusing on the computer and peripherals, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and office automation markets. Cerplex offers custom developed programs to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and TPM (1) See TP monitor. (2) (Transactions Per Minute) The number of transactions processed within one minute. See TPS. (3) (Trusted Platform M customers that help to reduce their service costs, shorten (audio, compression) Shorten - A form of lossless audio compression. response times, and improve customer satisfaction. The company's headquarters is located in Tustin with service facilities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. Visit Cerplex's homepage at www.cerplex.com. -0- NOTE: This news story contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve risks and uncertainties. The company's actual results may differ significantly from the results discussed in the forward-looking statements. Forward looking statements include statements regarding Cerplex's projected revenues next year. There can be no assurances the company will be able to generate projected revenues in 1997. -0- NOTE TO EDITORS: Executives at Cerplex are available for interview. CONTACT: Cerplex Ray Robidoux, 714/258-5644 rrobidou@cerplex.com |
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