Lenovo names CEVA Global Supplier of the Year at annual supplier conference

CEVA also presented with Innovation and Operations Excellence awards for operations spanning two continents

HOOFDDORP, Netherlands, July 4, 2011 /PRNewswire-Asia/ -- CEVA Logistics, a leading global supply chain management company, has been recognized as Lenovo's Global Supplier of the Year at its annual supplier conference which took place in Shenzhen, China in May. In addition to this prestigious award, the first time it has ever been won by a logistics provider, CEVA was also presented with the Innovation and Operations Excellence awards for operations in Japan and the U.S.

Vittorio Favati, CEVA's Chief Business Development Officer said: "We are extremely excited to receive these awards from Lenovo.  This is a testament to the dedication and expertise of our colleagues across the globe, who have successfully driven impeccable execution for our customers. Over the past four years, we have established a strategic relationship with Lenovo.  By better understanding their business and growth plans, we have been able to offer proactive and innovative solutions that support their ambitions."

Mick Jones VP Global Logistics, Lenovo commented: "Our relationship with our suppliers is critical, and that is why our annual supplier event is so important for us. It allows us to share our vision, goals and constant drive for innovation with these key partners, so we all know what is expected and where Lenovo is heading as a company. CEVA has delivered continual and incremental improvements in our supply chain and is a very worthy recipient of all three awards. We are very excited about the future of our company and look forward to continuing to work with CEVA as part of our distribution network to support our continued success."

CEVA's operations on Lenovo's behalf span two regions (the Americas and Asia Pacific), and their key growth markets in the U.S. and Japan.  CEVA's Japanese team was recognized as the Global Supplier of the Year for the cross dock operation they manage on behalf of Lenovo in Tokyo, Japan. This operation was also presented with the Innovation Award for its focus on continuous improvement, delivery of a highly efficient, high-velocity cross dock solution and the smooth delivery of Lenovo's products across Japan.

The U.S. operation, where CEVA manages Lenovo's West Coast Distribution Center in Woodland, California, received the accolade of the Operations Excellence Award. This facility is responsible for 100% of Lenovo's oceanfreight product bound for the US and serves as a retail distribution center for Lenovo's largest retail customers.

CEVA - Making business flow

CEVA Logistics, one of the world's leading supply chain companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 50,000 employees are dedicated to delivering effective and robust supply chain solutions across a variety of sectors and CEVA applies its operational expertise to provide best-in-class services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2010, the Group reported revenues of euro 6.8 billion. For more information, please visit www.cevalogistics.com

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building the world's best engineered personal computers. Lenovo's business model is built on innovation, operational efficiency and customer satisfaction as well as a focus on investment in emerging markets. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services worldwide. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.

SAFE HARBOR STATEMENT:

This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company's expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2011 and the other non-historical statements. These statements can be identified by the use of words such as "believes" "anticipates," "expects," "intends," "plans," "continues," "estimates," "predicts," "projects," "forecasts," and similar expressions. All forward-looking statements are based on management's current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company's global operations, fluctuations and increases in fuel prices, the Company's substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's annual and quarterly reports, available on the Company's website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.