Celestica acquires CoreSim

CoreSim and Celestica Combine Expertise to Create a Unique Design 
Offering to Deliver Unparalleled Value to OEMs

TORONTO, Aug. 4 /CNW/ - Celestica Inc. (NYSE: CLS, TSX: CLS/SV), a world
leader in electronics manufacturing services (EMS), today announced that it
has acquired CoreSim, a leader in advanced design analysis and redesign
services. CoreSim will strengthen Celestica's design services offering by
adding intellectual property, including its unique engineering tools and
processes that enable electronic design projects to be delivered on-time and
at a reduced cost. Based in Ottawa, Ontario, Canada, CoreSim currently
provides services to some of the world's leading OEMs.
CoreSim will enhance Celestica's design offering through its proprietary
tool, Schematic Modeling, a model-based tool that identifies wiring and
technology issues in schematics. Through this tool, CoreSim provides design
analysis which independently verifies and validates pre-layout customer
designs to assist in keeping engineering projects on-time and within budget.
This approach also offers customers rapid design verification which reduces
costly design respins; produces well-margined designs that are 'right the
first time'; reduces errors in schematic capture; facilitates custom
verification; and, significantly shortens the overall development process.
"CoreSim's proven track record of delivering innovative design processes
and tools to the telecommunications, aerospace and defense, and enterprise
markets will complement our current design services offering," said Dave
Tiley, senior vice president, Global Services, Celestica. "This acquisition
will enable us to offer our customers reduced cost on redesigns, faster    
time-to-market on new products and assist with product design innovations."
For existing products, CoreSim's design services include complex hardware
cost reduction, or component obsolescence retargeting, without software
changes. CoreSim will deliver further strength to Celestica's design offering
through its System Integrity Analysis, Board Static Timing Analysis, Real Time
System Vector Capture and Hardware Modeling, which create accurate models of
hardware/software functionality and parametric operating margins, resulting in
reduced design costs for customers. CoreSim's unique services also enable
redesign of products whereby critical information is not available and
redesign for RoHS compliance.
"Our unique design tools and processes, combined with Celestica's
existing design capabilities, expertise in supply chain management and      
end-to-end manufacturing services, will provide OEM customers with a truly
differentiated and competitive offering," said Jim Whiteside, chief technology
officer, CoreSim. "We are happy to join Celestica and look forward to being
part of the company's expanding design business."
Celestica's global design services offering leverages the company's depth
of experience in supply chain management, leading IT solutions and electronics
manufacturing services to provide customers with seamless product lifecycle
design solutions on a global basis. Celestica boasts strong design
capabilities based on its engineering heritage, including design
collaboration, design-for-test and design-for-manufacture. The result is a
competitive advantage for OEM customers through faster time-to-market, lower
product life cycle costs and innovative solutions for a wide range of product
designs.
For more information on CoreSim, please visit www.coresim.com.

About Celestica
---------------
Celestica is a world leader in the delivery of innovative electronics
manufacturing services (EMS). Celestica operates a highly sophisticated global
manufacturing network with operations in Asia, Europe and the Americas,
providing a broad range of integrated services and solutions to leading OEMs
(original equipment manufacturers). Celestica's expertise in quality,
technology and supply chain management, and leadership in the global
deployment of Lean principles, enables the company to provide competitive
advantage to its customers by improving time-to-market, scalability and
manufacturing efficiency.
For further information on Celestica, visit its website at
http://www.celestica.com. The company's security filings can also be accessed
at http://www.sedar.com and http://www.sec.gov.

Safe Harbour and Fair Disclosure Statement
------------------------------------------
This news release contains forward-looking statements related to our
future growth, trends in our industry and our financial and operational
results and performance that are based on current expectations, forecasts and
assumptions involving risks and uncertainties that could cause actual  
outcomes and results to differ materially. These risks and uncertainties
include, but are not limited to: the challenges of effectively managing our
operations during uncertain economic conditions; the challenge of responding
to lower-than-expected customer demand; the effects of price competition and
other business and competitive factors generally affecting the EMS industry;
our dependence on the computer and communications industries; our dependence
on a limited number of customers and on industries affected by rapid
technological change; component constraints; variability of operating results
among periods; and the ability to manage expansion, consolidation and the
integration of acquired businesses. These and other risks and uncertainties
and factors are discussed in the Company's various public filings at
www.sedar.com and http://www.sec.gov, including our Annual Report on Form 20-F
and subsequent reports on Form 6-K filed with the Securities and Exchange
Commission.
We disclaim any intention or obligation to update or revise any    
forward-looking statements, whether as a result of new information, future
events or otherwise.
In the Company's best judgement, the events noted in this press release
on a stand-alone basis are not expected to be material to Celestica's overall
financial results.