NEWARK, N.Y., (May 29, 2015) - IEC Electronics Corp. (NYSE MKT: IEC) announced today it was named a winner of the 2015 IHS SPECTRUM Excellence Award for the electronics manufacturing industry. As a leader in that sector, IEC Electronics is being recognized for outstanding achievements that demonstrate the importance of leveraging superior information and insights to make impactful business decisions.
This prestigious industry award, presented by IHS Inc. (NYSE:IHS), the leading global source of critical information and insight, spotlights organizations and individuals around the world who accomplish their business goals through innovative use of information, analytics and expertise. Established in 2006, the popular industry award program was expanded in 2014 to honor achievements across an expanded range of industry sectors, professional disciplines and geographic regions.
Since the award program's inception, more than 100 organizations around the world have been recognized for their accomplishments, and IEC Electronics is one of only four electronics manufacturing companies to win.
IEC Electronics uses several IHS business intelligence platforms including IHS CAPS Universe to reduce quote turnaround time and IHS Compliance Services with Conflict Mineral Solution to expedite conflict minerals compliance which in turn, required fewer resources and doubled the accuracy rate. In 2014, IEC Electronics leveraged technology innovations to boost productivity, reduced turnaround on RFP deliverables, expedited conflict minerals compliance and streamlined work processes across multiple departments. “We are constantly working on how to make our business better, how to exceed customers’ expectations and how to answer questions from our customers before they even ask,” said Mark Northrup, VP of Advanced Technical Operations & Strategy at IEC Electronics. “We are honored to be recognized as a SPECTRUM Excellence winner and appreciate the tools IHS has provided to help reduce our cycle times, improve accuracy and increase output for our customers.”
"IEC Electronics has shown how advanced information and analytics can help decision makers drive stronger performance and gain new competitive advantages," said K.C. Chartrand, chair of the IHS SPECTRUM Excellence Awards Committee. "We’re proud to recognize their extraordinary leadership and we would like to thank them for allowing others to learn from their experiences."
To see IEC Electronics' award-winning case study, visit http://cdn.ihs.com/www/pdf/IEC-Electronics-ITexcellence-award.pdf. IHS will announce additional IHS SPECTRUM Excellence Award winners in the coming weeks. Visit www.ihs.com/spectrum-awards for more information.
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 communications sectors. The Company specializes in the custom manufacture of high reliability, complex circuit boards, system level assemblies, a wide array of custom cable and wire harness assemblies, precision metal products, and advanced research and testing services. 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. Dynamic Research and Testing Laboratories (DRTL), the Company's newest business unit, is an ISO 17025 accredited laboratory specializing in the testing and detection of counterfeit electronic parts, as well as component risk mitigation and advanced failure analysis. IEC Electronics is headquartered in Newark, NY (outside of Rochester) and also has operations in Rochester, NY, Albuquerque, NM and Bell Gardens, CA. Additional information about IEC can be found on its web site at www.iec-electronics.com.
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,800 people in 32 countries around the world.
Michael T. Williams
IEC Electronics Corp.
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