IEC Receives Notification From Customer to Begin Material Procurement for $20 Million in Anticipated Orders

IEC Receives Notification From Customer to Begin Material Procurement
for $20 Million in Anticipated Orders 
NEWARK, NY -- (Marketwired) -- 08/27/14 --  IEC Electronics Corp.
(NYSE MKT: IEC) announced that it has received notification from an
existing medical customer to commence procurement of materials to
support orders currently anticipated to be at least $20 million
expected to ship over the course of IEC's fiscal 2015.  
The customer has completed product testing after resolution of its
Food and Drug Administration issues. 
About IEC Electronics
 IEC Electronics Corporation is a premier
provider of electronic manufacturing services ("EMS") to advanced
technology companies primarily in the aerospace and defense, medical,
industrial and communications sectors. The Company specializes in the
custom manufacture of high reliability, complex circuit boards,
system lev
el assemblies, a wide array of custom cable and wire
harness assemblies, precision metal products, and advanced research
and testing services. As a full service EMS provider, IEC is a
world-class ISO 9001:2008, AS9100 and ISO13485 certified company. The
AS9100 certification enables IEC to serve the military and commercial
aerospace markets. The ISO13485 certification supports the quality
requirements of medical device markets. The Company is also AC7120
Nadcap accredited for electronics manufacturing to support the most
stringent quality requirements of the aerospace industry, as well as
ITAR registered and NSA approved under the COMSEC standard. Dynamic
Research and Testing Laboratories (DRTL), the Company's newest
business unit, is an ISO 17025 accredited laboratory specializing in
the testing and detection of counterfeit electronic parts, as well as
component risk mitigation and advanced failure analysis. IEC
Electronics is headquartered in Newark, NY (outside of Rochester) and
also has operations in Rochester, NY, Albuquerque, NM and Bell
Gardens, CA. Additional information about IEC can be found on its web
site at www.iec-electronics.com.  
This release contains certain statements that are, or may be deemed
to be, forward-looking statements within the meaning of section 27A
of the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934, and are made in reliance upon the protec
tions
provided by such Acts for forward-looking statements. These
forward-looking statements (such as when the Company describes what
it "believes", "expects", or "anticipates" will occur, and other
similar statements) include, but are not limited to, statements
regarding future sales and operating results, future prospects, the
capabilities and capacities of business operations, any financial or
other guidance and all statements that are not based on historical
fact, but rather reflect the Company's current expectations
concerning future results and events. The ultimate correctness of
these forward-looking statements is dependent upon a number of known
and unknown risks and events and is subject to various uncertainties
and other factors that may cause the Company's actual results,
performance or achievements to be different from any future results,
performance or achievements expressed or implied by these statements. 
The following important factors, among others, could affect future
results and events, causing those results and events to differ
materially from those views expressed or implied in the Company's
forward-looking statements: business conditions and growth or
contraction in the Company's customers' industries, the electronic
manufacturing services industry and the general economy; variability
of the Company's operating results; the Company's ability to control
its material, labor and othe
r costs; the Company's dependence on a
limited number of major customers; the potential consolidation of the
Company's customer base; availability of component supplies;
dependence on certain industries; variability and timing of customer
requirements; uncertainties as to availability and timing of
governmental funding for the Company's customers; the types and mix
of sales to the Company's customers; the Company's ability to
assimilate acquired businesses and to achieve the anticipated
benefits of such acquisitions; unforeseen product failures and the
potential product liability claims that may be associated with such
failures; the availability of capital and other economic, business
and competitive factors affecting the Company's customers, the
Company's industry and business generally; failure or breach of the
Company's information technology systems; natural disasters; and
other factors that the Company may not have currently identified or
quantified. Additional risks and uncertainties resu
lting from the
restatement of the Company's financial statements included in the
Company's Annual Report on Form 10-K/A filed with the Securities and
Exchange Commission ("SEC") on July 3, 2013 and in the Company's Form
10-Q/A filed on the same date are described in detail in the
Company's Form 10-K for the fiscal year ended September 30, 2013
filed with the SEC on December 24, 2013 (the "2013 Form 10-K"). Any
one or more of such risks and uncertainties could have a material
adverse effect on the Company or the value of its common stock. For a
further list and description of various risks, relevant factors and
uncertainties that could cause future results or events to differ
materially from those expressed or implied in our forward-looking
statements, see Part I including "Risk Factors," and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" sections in the 2013 Form 10-K and the Company's
subsequently filed SEC reports. 
The Company undertakes no obligation to publicly update or correct
any forward-looking statements, whether as a result of new
information, future events, or otherwise. 
Contact:
Michael Williams
CFO
IEC Electronics Corp.
(315)332-4324
MWilliams@iec-electronics.com  
John Nesbett or Jennifer Belodeau
Institutional Marketing Services (IMS)
(203)972-9200
jnesbett@institutionalms.com
jbelodeau@institutionalms.com 
 
 
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