CEVA marks achievement in Aerospace with Silver Supplier Excellence Award

The only 3PL nominated at the Singapore Aerospace Awards 2014

Singapore, 12 August, 2014 – CEVA Logistics, a leading global supply chain management company, was awarded the Silver Supplier Excellence Award at the Singapore Aerospace Awards (SAA) 2014 organized by the Association of Aerospace Industries, Singapore (AAIS). This award recognizes CEVA’s supply chain expertise and experience in the highly specialized aerospace sector, in particular for delivering an innovative cost effective solution to meet the specific challenge of a long standing aerospace customer in Singapore. CEVA was the only 3PL nominated at the Singapore Aerospace Awards this year.

The Awards ceremony was graced by Guest of Honor, Mrs. Josephine Teo, Senior Minister of State, Ministry of Finance and Transport, and Mr. Charles Chong, President, AAIS who presented the awards to the winners. The SAA is designed to recognize and laud the achievements of individual companies in the Singapore Aerospace Industry. Focusing on the standards achieved in a variety of areas, the awards are evidence of the winning organizations’ commitment to quality and excellence. Finalists in each category were first selected through a rigorous assessment process and the winners were felicitated at the Awards ceremony in the presence of more than 300 aerospace industry professionals, both local and overseas as well as government officials.

CEVA’s Executive Vice President of East Asia, Troy Shortell said: “We are honored to be recognized by the aerospace industry for our innovative thinking and operational excellence in this very specialized sector. This award is a testament to CEVA’s commitment to our customers and the aerospace industry as a whole. Over the years, we have built strong partnerships with leading names in aerospace in Singapore, including Rolls-Royce as their major logistics provider at their Seletar Campus facilities. The ability to look at an end to end supply chain, create innovative solutions and improvements in a demanding and dynamic market environment is the added value we bring to our customers. Our goal is to continually provide the best service levels and be their logistics provider of choice.”

The company’s continued commitment to aerospace includes its most recent set up of a 1,200 sq. m. specially designed aerospace storage area, housed in the multi-user warehouse located at Tampines LogisPark in Singapore and equipped with industry leading technology and layout to meet very specialized requirements of this industry sector.

For more information contact:

CEVA Logistics
Wen Dee Foo
Director, Marketing and Communications, Asia Pacific
Tel: +65 65072650
Email: wendee.foo@cevalogistics.com

CEVA - Making business flow

CEVA, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 44,000 employees in more than 170 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com

SAFE HARBOR STATEMENT:

This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2014 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.