ST. LOUIS--(BUSINESS WIRE) --Oct. 13, 2010-- Viasystems Group, Inc. (NASDAQ:VIAS) announced that its Forest Grove, Oregon, operation has received Nadcap accreditation for electronics. This accreditation signifies that the Forest Grove facility has demonstrated ongoing commitment to quality by satisfying customer requirements and industry specifications.
"The achievement of Nadcap accreditation at our Forest Grove facility independently verifies for our customers that we are a highly capable and reliable supplier who understands and can meet the stringent requirements of the aerospace electronics industry," said David M. Sindelar, Chief Executive Officer of Viasystems. "Earning this accreditation for Forest Grove demonstrates our focus and commitment to growth in the military/aerospace market."
The Forest Grove operation has also earned the following military/aerospace certifications: MIL-PRF 31032 and 31032GI, MIL-PRF 55110 and 55110G, and AS9100. Earlier this year, Viasystems was named the Printed Wiring Board Commodity Supplier of the Year 2010 by Rockwell Collins, a leading military/aerospace OEM, based on quality, delivery, total cost of ownership, lead time and customer service.
"Achieving Nadcap accreditation is not easy: it is one of the ways in which the aerospace industry identifies those who excel at manufacturing quality product through superior special processes. Companies such as Viasystemswork hard to obtain this status and they should be justifiably proud of it," said Joe Pinto, Vice President and Chief Operating Officer at the Performance Review Institute. "PRI is proud to support continual improvement in the aerospace industry by helping companies such as Viasystems be successful and we look forward to continuing to assist the industry moving forward."
Forward Looking Statements
Certain statements in this communication may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of the current beliefs, expectations and assumptions of the management of Viasystems regarding future events and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Viasystems undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Actual results may differ materially from those expressed or implied. Such differences may result from a variety of factors, including but not limited to: legal or regulatory proceedings; any actions taken by the Company, including but not limited to, restructuring or strategic initiatives (including capital investments or asset acquisitions or dispositions); or developments beyond the Company's control, including but not limited to, changes in domestic or global economic conditions, competitive conditions and consumer preferences, adverse weather conditions or natural disasters, health concerns, international, political or military developments, and technological developments. Additional factors that may cause results to differ materially from those described in the forward-looking statements are set forth under the heading "Item 1A. Risk Factors," in the annual report on form 10-K filed by Viasystems with the SEC on February 25, 2010 and in Viasystems' other filings made from time to time with the SEC and available at the SEC's website, www.sec.gov.
Created in 1990 by SAE Inc., Nadcap is administered by the not-for-profit Performance Review Institute. PRI exists to advance the interests of the mobility and related industries through development of performance standards and administration of quality assurance, accreditation, and certification programs as well as related activities for the benefit of industry, government, and the general public. PRI works closely with industry to understand their emerging needs and offers Customer Solutions & Support (CS&S) in response. Learn more at www.pri-network.org or contact PRI Customer Solutions & Support (CS&S) at PRINadcapsae.org.
Viasystems Group, Inc. is a technology leader and a worldwide provider of complex multi-layer, printed circuit boards (PCBs) and electro-mechanical solutions (E-M Solutions). Its PCBs serve as the "electronic backbone" of electronic equipment, and its E-M Solutions products and services integrate PCBs and other components into electronic equipment, including metal enclosures, cabinets, racks and sub-racks, backplanes, cable assemblies and busbars. Viasystems' 15,000 employees around the world serve more than 800 customers in the automotive, industrial and instrumentation, telecom, computer/datacom and military/aerospace end markets. For additional information about Viasystems, please visit the Company's website at www.viasystems.com.
CONTACT: Viasystems Group, Inc.
Dee Johnson, 314-719-1869
KEYWORD: UNITED STATES NORTH AMERICA MISSOURI OREGON
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS ELECTRONIC DESIGN AUTOMATION HARDWARE NETWORKS SOFTWARE OTHER TECHNOLOGY SEMICONDUCTOR MANUFACTURING AEROSPACE
SOURCE: Viasystems Group, Inc. Copyright Business Wire 2010 http://www.businesswire.com/news/home/20101013005405/en