CEVA wins five year renewal deal with UK Power Networks

Ashby-de-la-Zouch, UK 13 July, 2017 CEVA Logistics, one of the world's leading supply chain companies, has signed a five year renewal deal to manage the warehousing and distribution of UK Power Networks' (UKPN) cabling, plant and associated materials. CEVA first won the UKPN business in 2009 which was further extended to 2017 and now, following a full tender process, the company has won an expanded contract through to 2022.

UK Power Networks owns and maintains electricity lines and cables as well as maintaining and upgrading power equipment across its network which covers London, Eastern and South Eastern regions.

Under the terms of the main contract, CEVA will distribute electrical cables and plant items such as pole mounts, transformers and packaged sub-stations. It will also be responsible for the disposal of dumb meters from both homes and businesses after recording details of each asset before it is sent for recycling. The CEVA team is also responsible for managing UKPN’s flood defence system which can be deployed and erected at short notice to defend strategic locations. This will sit alongside the provision of a 24/7/365 response service to deliver materials direct to engineers in London within 60 minutes, and four hours for delivery of other materials anywhere across the three regions.

"A lot of what we move under this contract is non-standard so we will be deploying lorry loader cranes with highly trained drivers to ALLMI standards (Association of Lorry Loader Manufacturers and Importers), to cope with the requirements" says CEVA's Executive Vice President UK, Ireland and Nordics, Michael O'Donoghue. "We will also be initiating several new innovative proposals on UKPN's behalf notably implementing Paragon software across the business to enable the team to maximize routes in order to maximize resources, reduce mileage and fuel consumption and positively impact on the contract's carbon emissions"

CEVA is providing full, end-to-end track and trace functionality fully interfaced into UKPN's SAP system to allow real-time updates to the customers so they have visibility of the status of all orders and location of inventory including all returnable packaging.

Adds O'Donoghue: "We are very proud of the fact that this contact has run at 99.8% Customer OTIF (On Time In Full) since we went live with it in 2010 and it is a great testament to the team's efforts that we have successfully renewed for a further five years."


For further information, please contact:

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
Tel: +44 (0)208 941 5381


CEVA - Making business flow
CEVA, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies.  Approximately 42,000 employees in more than 170 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.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 2017 and beyond, 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.