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[October 01, 2013]
Flextronics Introduces Lighting Solutions And Expands Energy Portfolio To Help OEMs Address Shifting Markets
SAN JOSE, Calif., Oct. 1, 2013 /PRNewswire via COMTEX/ -- During a webinar hosted by the Company, Flextronics (NASDAQ: FLEX) today announced an expansion of its portfolio of energy infrastructure solutions and services that will help original equipment manufacturers (OEMs) address regional shifts in the energy market by developing and delivering products to market faster, enhancing their regional market reach, and freeing up cash flow by leveraging Flextronics' global capabilities. Flextronics also introduced a portfolio of commercial and industrial lighting solutions and services that will help enable businesses and property managers, who operate mega square foot facilities, to reduce both their procurement and utility costs as they meet corporate and government energy efficiency targets.
According to a 2012 McKinsey & Company report, the lighting market is at an inflection point as LED lighting is expected to grow 40% annually and become over 65% of the total lighting market by 2020. Flextronics has responded to this market need by introducing Flextronics Lighting Solutions, a portfolio of energy efficient lighting solutions for commercial and industrial applications. These include applications for high and low bays, offices, outdoors and lighting controls. It also includes a full set of lighting services such as lighting audits, order fulfillment, incentive management that can be offered directly to customers or with their preferred partners.
"Flextronics is proud to help OEMs respond to regional growth opportunities from Smart Grid and LED lighting, while improving their cash flow and reducing the time to bring new solutions to market. In addition to OEMs, we are now helping commercial and industrial businesses lower their utility bills with energy efficient lighting solutions," said Jeannine Sargent, president, Energy at Flextronics.
The energy industry is faced with an aging energy infrastructure, increasing government regulations on emissions and renewable energy mix, as well as customer initiatives to improve energy efficiency and lower costs. In fact, the European Commission is targeting a 20% increase in energy efficiency, as well as 20% of all energy consumed to be from renewable sources, by the year 2020. Such initiatives are driving the need for smart and clean energy solutions with increasing power electronic and digital communication capabilities that are interoperable, cost effective and highly reliable.
Darien Spencer, vice president at Enphase Energy, a Flextronics customer, stated, "Enphase Energy, a leading global technology and solution provider in the solar power generation industry, develops and delivers industry leading microinverter systems, which allow customers to maximize return on their solar investment." He added, "Aligning with partners like Flextronics enables efficient global manufacturing, distribution and supply chain execution, which helps meet customers' needs and extend our global footprint." For many years, Flextronics has been helping manufacturers of solar modules, advanced meter infrastructure, and LED lamps cost effectively build and deliver products to their customers. The solutions announced today further expand Flextronics' scope and depth of capabilities to provide a suite of supply chain and technology solutions across the exploration, generation, distribution, and consumption of energy.
According to John Novak, vice president, Global Supply Chain at Sensus, a Flextronics customer, "Sensus technologies enable the intelligent use and conservation of water and energy, improve operations and reduce environmental impact. Our development in smart grid technology is transforming the relationship between utilities and consumers. As a valued partner for many years, Flextronics' supply chain expertise and extensive manufacturing capabilities has enabled Sensus to leverage their services to be more competitive in our market space of supplying mission critical AMI and Metrology systems to utility providers." To hear a replay of today's Flextronics Energy webinar, go to: www.flextronics.com or for more information on Flextronics Energy, go to: www.flextronics.com/energy.
About Flextronics Flextronics International Ltd. (Company Registration No. 199002645H) is a leading end-to-end supply chain solutions company that delivers design, engineering, manufacturing and logistics services to a range of industries and end-markets, including data networking, telecom, enterprise computing and storage, industrial, capital equipment, appliances, automation, medical, automotive, aerospace and defense, energy, mobile, computing and other electronic product categories. Flextronics is an industry leader with $24 billion in sales, generated from helping its customers design, build, ship, and service their products through an unparalleled network of facilities in more than 30 countries and across four continents. Flextronics' service offerings and vertically integrated component technologies optimize customer supply chains by lowering costs, increasing flexibility, and reducing time-to-market. For more information, visit www.flextronics.com or follow us on Twitter @flextronics.
Renee Brotherton Kevin Kessel Corporate Communications Investor Relations 1 (408) 576-7189 1 (408) 576-7985 email@example.com firstname.lastname@example.org SOURCE Flextronics
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