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Press release from PR Newswire

Flextronics Increases Investment In Silicon Valley With Significantly Enhanced Product Innovation Center

Thursday, February 14, 2013

Flextronics Increases Investment In Silicon Valley With Significantly Enhanced Product Innovation Center16:00 EST Thursday, February 14, 2013MILPITAS, Calif., Feb. 14, 2013 /PRNewswire/ -- Flextronics (NASDAQ: FLEX) today underscored its investment in Silicon Valley and to its Original Equipment Manufacturing (OEM) customers with the unveiling of its state-of-the-art Product Innovation Center in Milpitas. Flextronics' operations, which are well known in Silicon Valley, have been upgraded with $12 million of equipment and capabilities. The company also announced plans to invest another $20 million in the Center in the coming months.Flextronics has installed the most advanced 3D plastic printing, Surface Mount Technology (SMT), X-ray and test equipment to support major industries in bringing innovative products to market rapidly. Flextronics has also added dedicated customer-confidential work spaces that include increased security and restricted access to protect OEM customer's Intellectual Property (IP) and confidentiality of new products being launched into the marketplace.Flextronics has committed to further invest in existing equipment upgrades and expansion of capabilities including, 3D metal printing, CNC machining, anodizing, advanced automation, microelectronics packaging and RF technologies.  "Flextronics is committed to providing our OEM customers with advanced innovative solutions and offerings that increase their competitiveness and time to market," said Mike McNamara, CEO of Flextronics.  "Flextronics is the leading new product introduction and supply chain solutions company to Silicon Valley OEMs for more than 15 years, and we are thrilled that our new investments will provide even more advanced electrical and mechanical solutions."Flextronics Silicon Valley locations include Milpitas, Morgan Hill, San Carlos and San Jose.   About Flextronics Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to aerospace and defense, automotive, computing, consumer, industrial, infrastructure, medical, energy and mobile OEMs. Flextronics helps customers design, build, ship and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and are vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com/. Renee Brotherton Kevin KesselCorporate Communications Investor Relations1 (408) 576-7189 1 (408) 576-7985renee.brotherton@flextronics.com kevin.kessel@flextronics.com SOURCE Flextronics