MFLEX Named One Of FORTUNE's 100 Fastest-Growing Companies
ANAHEIM, Calif. Sept. 7 /PRNewswire/ -- Multi-Fineline Electronix Inc. (Nasdaq: MFLX), announced today that the company has been ranked 35th on FORTUNE's 2010 "100 Fastest-Growing Companies" list. MFLEX is a leading global provider of high-quality, technologically advanced flexible printed circuits and value-added component assembly solutions to the electronics industry. Since the company was founded in 1984, MFLEX has become one of the largest manufacturers and assemblers of flexible printed circuits in the world. In fiscal 2009, MFLEX had more than 15,000 worldwide employees and reported net sales of $764 million USD.
"We are honored to be included on FORTUNE's list of the 100 fastest-growing companies," said Reza Meshgin, chief executive officer at MFLEX. "We believe our growth validates our value-added service model that includes working directly with our customers during the design phase of a program and maintaining a high level of interaction throughout the product lifecycle. This provides MFLEX with the ability to quickly ramp production of complex flex assemblies and has proven instrumental in expanding our relationship with major customers. The devices for which we manufacture flex assemblies have increasingly short product lifecycles—so getting products into the market quickly is paramount for our OEM customers to maximize their sales. We believe our ability to help these customers reduce the time-to-market differentiates MFLEX and gives us a competitive advantage in the marketplace."
The full list and related stories appear in the September 6, 2010 issue of FORTUNE and now at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2010/full_list/.
About MFLEXMFLEX ( www.mflex.com) is a global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry. The company is one of a limited number of manufacturers that provides a seamless, integrated end-to-end flexible printed circuit solution for customers, ranging from design and application engineering, prototyping and high-volume manufacturing to turnkey component assembly and testing. The company targets its solutions within the electronics market and, in particular, focuses on applications where flexible printed circuits are the enabling technology in achieving a desired size, shape, weight or functionality of an electronic device. Current applications for the company's products include mobile phones and smart mobile devices, computer/data storage, portable bar code scanners and other handheld consumer electronic devices. MFLEX's common stock is quoted on the Nasdaq Global Select Market under the symbol MFLX. Certain statements in this news release are forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements include, but are not limited to, statements and predictions regarding the company's competitive advantages and market opportunities. Additional forward-looking statements include, but are not limited to, statements pertaining to plans, strategies or objectives of management for future operations and any other statement that is not historical fact, including any statement which is preceded by the words "believe," "can," "may," or similar words. Actual events or results may differ materially from those stated or implied by the company's forward-looking statements as a result of a variety of factors including the company's ability to develop and deliver new technologies, and other risks detailed from time to time in the company's SEC reports, including its Annual Report on Form 10-Q for the quarter ended June 30, 2010. These forward-looking statements represent management's judgment as of the date of this news release. The company disclaims any intent or obligation to update these forward-looking statements. SOURCE MFLEX
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