Acquisition Adds Advanced Flat-Panel Repair Capability to Celestica's After-Market Services Offering TORONTO, Nov. 7 /CNW/ - Celestica Inc. (NYSE:CLS, TSX:CLS/SV), a world leader in electronics manufacturing services (EMS), today announced that it has acquired Displaytronix, a leader in flat-panel display repair services. Displaytronix serves the LCD and plasma flat-panel display market by providing repair services for high-value flat-panel display devices such as notebook computers, flat-panel monitors, high-definition televisions, handhelds and other consumer devices. The company has strong customer relationships and qualification certifications with leading original equipment manufacturers (OEMs) and original design manufacturers (ODMs). This acquisition will enable Celestica to expand its service offerings in the rapidly growing flat-panel display market. Displaytronix provides in-and-out-of-warranty support to both OEMs and ODMs and has the capability to deliver high yields. The company's expertise includes the repair, recovery and replacement of backlights and inverters; tape automated bonding (TAB); anisotropic-conductive film (ACF); and polarizer replacement. The company's proprietary equipment set; approach to developing interfaces and computer-based diagnostic tools ensure accurate problem resolution and quick turnaround. "With Displaytronix's industry expertise and technical capability in flat-panel repair, Celestica will be able to provide full functional repair services for LCDs and plasma flat panels, as well as complete support for both notebooks and handheld devices," said Bert Pendergast, vice president, After-Market Services, Celestica. "With the proliferation of flat-panel displays, this acquisition is strategic in the growth of our end-to-end, after-market services offering." "Combining our knowledge of the flat-panel market and our proprietary technology with Celestica's global after-market services capability, we will offer a competitive and compelling value proposition to our combined customer base," said Bill Barber, president, Displaytronix. "This is a positive move for our company and we are happy to join the Celestica team." From total lifecycle cost management and world-class supply chain management, through to fulfillment and after-market services, Celestica provides end-to-end services solutions for its customers. Celestica's after-market services offering includes: returns management; repair; remanufacturing; refurbishment; rekitting; recovery; and recycling. 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.