ModusLink Expands Supply Chain Services to Universal Electronics
09 Agosto 2007 - 10:30PM
Business Wire
ModusLink� Corporation, a subsidiary of CMGI�, Inc. (NASDAQ: CMGI)
and leading provider of global supply chain management solutions,
today announced the expansion of its relationship with Universal
Electronics Inc. (NASDAQ: UEIC) the global leader in wireless
control technology. ModusLink�s business with UEI continues to grow
since it began providing services to UEI less than one year ago.
UEI plans to utilize ModusLink�s Nashville, Tenn. and Guadalajara,
Mexico solution centers to manage the increase in volume, while
simultaneously reducing expected turnaround time from one week to
one to two days. As part of the expanded program with UEI,
ModusLink is also unveiling the completion of a new environmentally
controlled production area within its Nashville Solution Center to
accommodate the configuration service requirements of clients, such
as UEI. As part of its Optimized Configuration Solution, ModusLink
executes a number of product configuration services for UEI,
including pad printing, carrier branding and content loading. These
services require specific environmental controls to expedite
assembly and ensure the highest levels of quality for final
products. The controlled environment was developed to further
enhance these product configuration activities, improving
time-to-market and end-customer satisfaction for UEI. ModusLink�s
Optimized Configuration Solution is designed to enable UEI to more
closely match production to actual demand, minimize inventory
excess and obsolescence and improve turnaround time by as much as
85 percent. �The positive results of our partnership with ModusLink
made the decision to expand the relationship an easy one,� said
Dann Vida�a, vice president of operations for Universal
Electronics. �The demand for our products is rising as our business
expands. During this growth, it is imperative to maintain the
highest levels of quality and customer satisfaction. The launch of
the new configuration facility in Nashville will ensure we continue
to meet these standards, while further improving time-to-market for
our products. ModusLink understands our business and its expertise
has helped us to become even more agile in meeting our customers�
needs.� Mr. Vida�a represented UEI recently at a ribbon-cutting
ceremony to celebrate the expanded relationship and official
opening of the new controlled production area. The ceremony took
place at ModusLink�s Nashville, Tenn. Solution Center, and was
hosted by Mark Kelly, ModusLink, president of Americas Business
Unit. �We are pleased that we have been able to help Universal
Electronics meet their business goals during this time of rapid
growth,� said Kelly. �ModusLink is committed to delivering
innovative solutions and processes that help its clients increase
the value of their supply chain operations. Supply chain
flexibility is increasingly becoming a competitive advantage and
the ability to keep operations running optimally during times of
rapid growth, is a critical differentiator. We look forward to
expanding our relationship with Universal Electronics and enabling
the company to meet the needs of its growing customer base.� About
ModusLink ModusLink Corporation is a leading provider of global,
end-to-end supply chain management solutions. The company provides
technology clients in the software, computing, consumer
electronics, storage and communications markets with customized
supply chain solutions that improve time-to-market, productivity
and customer satisfaction while reducing risk and cost. ModusLink's
services include consulting and planning, sourcing and supply base
management, manufacturing and product configuration, fulfillment,
logistics management, e-commerce and the complete range of
aftermarket services. ModusLink has 34 facilities in 13 countries,
creating the largest global footprint in the industry. With
headquarters in Waltham, Massachusetts, the company is a subsidiary
of CMGI, Inc. (NASDAQ: CMGI). For additional information, visit
www.moduslink.com. About CMGI CMGI, Inc. (NASDAQ: CMGI), through
its subsidiary ModusLink, provides industry-leading global supply
chain management services and solutions that help businesses
market, sell and distribute their products around the world. In
addition, CMGI�s venture capital business, @Ventures, invests in a
variety of technology ventures. For additional information, visit
www.cmgi.com. About Universal Electronics Inc. Founded in 1986,
Universal Electronics Inc. (UEI) is the global leader in wireless
control technology for the connected home. UEI designs, develops,
and delivers innovative solutions that enable consumers to control
entertainment devices, digital media, and home systems. The
company�s broad portfolio of patented technologies and database of
infrared control software have been adopted by many Fortune 500
companies in the consumer electronics, subscription broadcast, and
computing industries. UEI sells and licenses wireless control
products through distributors and retailers under the One For All�
brand name. UEI also delivers complete home control solutions in
the professional custom installation market under the brand name
Nevo�, as well as software solutions for digital media control and
enjoyment in the consumer and OEM markets under the brand
SimpleCenter�. This release contains forward-looking statements,
which address a variety of subjects including, for example, the
expected benefits of the relationship between ModusLink and
Universal Electronics Inc. The following important factors and
uncertainties, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: ModusLink is not designated as this client�s sole
supplier of the services referenced in this press release;
ModusLink frequently sells to its supply chain management clients,
including the client referenced in this press release, on a
purchase order basis and therefore its sales are subject to demand
variability; ModusLink's success depends on its ability to execute
on its business strategy and the continued and increased demand for
and market acceptance of its solutions and services; ModusLink may
not be able to expand its operations in accordance with its
business strategy; ModusLink may experience difficulties
integrating technologies, operations and personnel in accordance
with its business strategy; ModusLink derives a significant portion
of its revenue from a small number of customers and the loss of any
of those customers would significantly damage its financial
condition and results of operations; increased competition and
technological changes in the markets in which ModusLink competes;
and risks associated with international operations. ModusLink
represents a significant percentage of CMGI's operations and the
occurrence of any of the foregoing factors may have an adverse
effect on CMGI�s results of operations and financial results. For a
detailed discussion of cautionary statements that may affect CMGI's
future results of operations and financial results, please refer to
CMGI's filings with the Securities and Exchange Commission,
including CMGI's most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q. Forward-looking statements represent
management's current expectations and are inherently uncertain. We
do not undertake any obligation to update forward-looking
statements made by us. ModusLink is a registered trademark of
ModusLink Corp. and CMGI is a registered trademark of CMGI, Inc.
All other company names and products are trademarks or registered
trademarks of their respective companies.
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