DGAP-News: Vectron International Announces AEO

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News Desk 2018

Aug 13, 2013 at 8:15 AM

DGAP-News: Vectron International Announces AEO Certification for Its German Facilities

Vectron International 13.08.2013 14:00 --------------------------------------------------------------------------- EU Validates Vectron International GmbH Sites for Full AEO Certification in the Worldwide Supply Chain Security Initiative TELTOW, Germany, 2013-08-13 14:00 CEST (GLOBE NEWSWIRE) -- Vectron International, a leader in the design, manufacture and marketing of Frequency Control, Sensor, and Hybrid Product solutions, today announced that it has successfully passed the on-site validation audits conducted by the EU Customs team at its German facilities in Teltow and Neckarbischofsheim. This validation recognizes that the global supply chain security initiatives at these sites are in compliance to the requirements of this program and recognizes both sites as certified Authorised Economic Operators (AEO). Previously, Vectron with global operations in the U.S., Asia and Europe, was certified as a member of the Customs-Trade Partnership Against Terrorism (C-TPAT) program by the U.S. Customs & Border Protection (CBP) agency of the Department of Homeland Security. As a validated company in both the U.S. C-TPAT and the EU AEO Program, Vectron is committed to global supply chain security and has agreed to make a vital contribution to help ensure the continued free flow of international trade. The AEO program recognizes that Vectron's German facilities have procedures and policies in place to comply with the comprehensive EU Customs requirements and the necessary discipline for security of EU and global logistics supply chain. The on-site audit for the AEO program was completed at Vectron's Teltow and Neckarbischofsheim facilities in July 2013. Established in 2001, C-TPAT is the first worldwide initiative in which participating organizations fully cooperate with U.S. Customs to establish acceptable security practices throughout their entire supply chain operations. Eligible companies must submit a detailed application and conduct a comprehensive self-assessment of their supply chain security procedures using the C-TPAT guidelines developed by the CBP and the community for each specific trade category. Subsequently, an on-site validation audit is conducted by the C-TPAT team to verify that all the required security initiatives are in place and have been implemented effectively. Vectron completed their initial C-TPAT certification in 2009 and re-validated the certification in 2012. 'Obtaining both the EU AEO and the U.S. C-TPAT certification validates that our internal management processes and facilities are efficient, secure and compliant,' said Ram Arvikar, Director Global Quality & Compliance, Vectron International. 'Completing the stringent processes to achieve the EU and the U.S. certification demonstrates our ongoing commitment to providing customers with not only the industry's most innovative solutions but also the highest quality service and security measures available.' Both the AEO and C-TPAT programs are voluntary supply chain security initiatives led by the EU and the U.S. Customs Organizations focused on improving the security of private companies' supply chains with respect to terrorism. These programs recognize that Customs can provide the highest level of security only through close cooperation with the ultimate owners of the supply chain-- importers, carriers, brokers, warehouse operators and manufacturers. Through this initiative, Customs invites businesses to ensure the integrity of their security practices and communicate their security guidelines to their business partners within the supply chain. For more information regarding C-TPAT and the AEO security initiatives, please visit www.cbp.gov. or http://ec.europa.eu/taxation_customs/customs/...curity/aeo. For more information on Vectron or any of its products, please contact a customer service representative at 1-88-VECTRON-1 or visit www.vectron.com. About Vectron International Vectron International is a world leader in the design, manufacture and marketing of frequency control, sensor, and hybrid product solutions. Vectron solves complex timing, filtering and sensor challenges by delivering customized solutions that speed time to market and offer low total cost of ownership. Vectron uses the very latest techniques in both bulk acoustic wave (BAW) and surface acoustic wave (SAW) based designs from DC to microwave frequencies. Committed to the industry's highest quality service standard and complete satisfaction, Vectron International leverages its global footprint and 50 years of experience to help customers achieve competitive differentiation and improve their bottom line. Vectron International is headquartered in Hudson, NH and has operating facilities and sales offices in North America, Europe and Asia. For more information, please call 1-88-VECTRON-1 or visit www.vectron.com. CONTACT: Media Relations Contact: Bill Holbrook (603) 578-3052 bholbrook@vectron.com News Source: NASDAQ OMX 13.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Vectron International United States Phone: Fax: E-mail: Internet: ISIN: US9902760571 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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