Plexus Corp. 12.10.2010 22:01 =-------------------------------------------------------------------------- NEENAH, Wis., Oct. 12, 2010 (GLOBE NEWSWIRE) -- Plexus Corp. (Nasdaq:PLXS) today announced that Steve Frisch, an Executive Officer of Plexus, has transitioned into a new role as Regional President - EMEA (Europe, Middle East, Africa). Steve will provide cohesive regional leadership to the Plexus EMEA team and will retain the top level leadership role over Plexus Technology Group, the Company's engineering services organization. Dean Foate, President and CEO, commented, 'Steve's assignment is an important milestone in the evolution of our EMEA regional growth strategy; a market that is vitally important to our longer-term growth goals. With a successful strategy, we will engage multinational customers that should ultimately benefit both our EMEA regional sites and other global Plexus sites. Over the last several years we have advanced supporting initiatives to set the stage for regional market penetration including investments in our EMEA customer development resources, our new manufacturing site in Oradea, Romania, and the positioning of our operations in the UK as part of a broader, integrated EMEA regional service offering. In this new role, Steve will continue to develop our regional strategy and build our Plexus brand as the leader in delivering mid-to-low volume, higher complexity Product Realization Value Stream solutions in this geographically important region.' Previously, Steve has held various management positions in the Company's engineering services organization and has more than 20 years of electronics industry experience. He holds a master's of science degree in electrical engineering from Marquette University and a bachelor's of science degree in electrical engineering and technology from the Milwaukee School of Engineering. About Plexus Corp. - The Product Realization Company Plexus (www.plexus.com) delivers optimized Product Realization solutions through a unique Product Realization Value Stream service model. This customer focused service model seamlessly integrates innovative product design, customized supply chain solutions, uniquely configured 'focused factory' manufacturing, global end-market fulfillment and after-market services to deliver comprehensive end-to-end solutions for customers in the North American, European and Asia-Pacific regions. Plexus is the industry leader in servicing mid-to-low volume, higher complexity customer programs characterized by unique flexibility, technology, quality and regulatory requirements. Award-winning customer service is provided to over 100 branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors. The Plexus Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7065 Safe Harbor and Fair Disclosure Statement The statements contained in this release which are guidance or which are not historical facts (such as statements in the future tense and statements including 'believe,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'goal,' 'target' and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include, but are not limited to: the effect of changes in management structure; the ultimate degree of success or lack thereof of our financial performance from the EMEA strategy; the economic performance of the industries, sectors and customers we serve; the risk of customer delays, changes, cancellations or forecast inaccuracies in both ongoing and new programs; the poor visibility of future orders, particularly in view of current economic conditions; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; our ability to secure new customers, maintain our current customer base and deliver product on a timely basis; the risk that our revenue and/or profits associated with customers who have been recently acquired by third parties will be negatively affected; the risks relative to new customers, including our arrangements with The Coca-Cola Company, which risks include customer delays, start-up costs, potential inability to execute, the establishment of appropriate terms of agreements, and the lack of a track record of order volume and timing; the risks of concentration of work for certain customers; our ability to manage successfully a complex business model; the risk that new program wins and/or customer demand may not result in the expected revenue or profitability; the fact that customer orders may not lead to long-term relationships; the effects of the current constrained supply environment, which has led and may continue to lead to periods of shortages and delays in obtaining components based on the lack of capacity at some of our suppliers to meet increased demand, or which may cause customers to increase forecasts and orders to secure raw material supply or result in our inability to secure raw materials required to complete product assemblies; raw materials and component cost fluctuations particularly due to sudden increases in customer demand; the risks associated with excess and obsolete inventory, including the risk that inventory purchased on behalf of our customers may not be consumed or otherwise paid for by customer resulting in an inventory write-off; the weakness of the global economy and the continuing instability of the global financial markets and banking system, including the potential inability on our part or that of our customers or suppliers to access cash investments and credit facilities; the effect of changes in the pricing and margins of products; the effect of start-up costs of new programs and facilities, including our recent and planned expansions, our plans to further expand in Penang, Malaysia and other locations, and to our intention to increase our EMEA presence; the adequacy of restructuring and similar charges as compared to actual expenses; the risk of unanticipated costs, unpaid duties and penalties related to an ongoing audit of our import compliance by U.S. Customs and Border Protection; possible unexpected costs and operating disruption in transitioning programs; the potential effect of world or local events or other events outside our control (such as drug cartel-related violence in Mexico, changes in oil prices, terrorism and war in the Middle East); the impact of increased competition; and other risks detailed in the Company's Securities and Exchange Commission filings (particularly in Part I, Item 1A of our annual report on Form 10-K for the fiscal year ended October 3, 2009). CONTACT: Plexus Corp. Ginger Jones, Vice President, Chief Financial Officer 920-751-5487 firstname.lastname@example.org News Source: NASDAQ OMX 12.10.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Plexus Corp. United States Phone: Fax: E-mail: Internet: ISIN: US7291321005 WKN: End of Announcement DGAP News-Service =--------------------------------------------------------------------------
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