TORONTO, June 10 /PRNewswire-FirstCall/ -- Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced the winners of its 2008 Total Cost of Ownership (TCOO(TM)) Supplier Awards. The awards honour suppliers who provide the best TCOO performance to Celestica and its customers by demonstrating excellence in quality, delivery, technology, service, pricing and flexibility. Celestica is pleased to congratulate the 2008 TCOO Supplier Award recipients: - Best TCOO Score Award: Gold Circuit Electronics Ltd. - Best Ring Score Award: ON Semiconductor - Most Improved TCOO Score: Littelfuse Inc. - Innovative Award: Axxion Group Corporation - Execution Award: Murata Electronics - Flexibility Award: Tyco Electronics Corporation - Best Indirect Services Award: AT&T Global Services Canada Co - Most Technical Compliant Award: Best Ideal Limited - Best Regional TCOO Score - Americas: Innovative Packaging Solutions S.A de C,V - Asia: Fagerdala Group of Companies - Asia Pacific. - Europe: Z Studio, spol s r.o. In addition, Celestica would like to recognize the following honourees who made a significant contribution to its supply chain goals in 2008. - TCOO Score Award category: ON Semiconductor, TDK Corporation - Improved TCOO Score Award category: OFS FITEL, Unimicron technology (ShenZhen) Corp. - Ring Score Award category: FCI, O-Net Communications Ltd. - Technical Compliance Award category: Gold Circuit Electronics Ltd., Murata Electronics This marks the third year of Celestica's TCOO Supplier Awards program. Celestica's TCOO system is focused on evaluating supplier performance by measuring the total cost to produce, deliver and support products and services beyond the supplier invoice price. As such, it considers the following supplier attributes: Quality: Delivering superior products and services Delivery: Providing products and services at the right time, in the right quantity and at the right price Technology: Utilizing the best information, product manufacturing and delivery technologies Service: Placing the customer as the number one priority and ensuring communication across every step of the process Pricing: Delivering competitive pricing based on volume purchasing through global procurement Flexibility: Responding to customers' market demands for product, service and solution delivery worldwide "For three consecutive years, our suppliers have demonstrated their true commitment to our Total Cost of Ownership strategy, which is designed to provide a more flexible supply chain for our customers and help them deliver their products to market quickly at the lowest total cost," said Harvinder Sembhi, Chief Procurement Officer, Celestica. "On behalf of the rest of my team, I am delighted to congratulate the 2008 TCOO Supplier Award recipients and thank them for their ongoing support and commitment." For more information on Celestica's TCOO Supplier Awards, please visit http://www.celestica.com/. About Celestica Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers' success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Committed to providing a truly differentiated customer experience, our agile and adaptive employees share a proud history of demonstrated expertise and creativity that provides our customers with the ability to overcome any challenge. For further information on Celestica, visit its website at http://www.celestica.com/. The company's security filings can also be accessed at http://www.sedar.com/ and http://www.sec.gov/. Celestica Safe Harbour and Fair Disclosure Statement This news release contains forward-looking statements related to our future growth, trends in our industry, our financial and or operational results, and our financial or operational performance. Such forward-looking statements are predictive in nature, and may be based on current expectations, forecasts or assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from the forward-looking statements themselves. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions, or may employ such future or conditional verbs as "may", "will", "should," or "would," or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. The risks and uncertainties referred to above include, but are not limited to: variability of operating results among periods; inability to retain or grow our business due to execution problems resulting from significant headcount reductions, plant closures and product transfer associated with major restructuring activities; the effects of price competition and other business and competitive factors generally affecting the EMS industry; the challenges of effectively managing our operations during uncertain economic conditions; our dependence on a limited number of customers; our dependence on industries affected by rapid technological change; the challenge of responding to lower-than-expected customer demand; our ability to successfully manage our international operations; and delays in the delivery and/or general availability of various components used in the manufacturing process. These and other risks and uncertainties and factors are discussed in the Company's various public filings at http://www.sedar.com/ and http://www.sec.gov/, including our Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Celestica Inc. CONTACT: Jim Fitzpatrick, Director, Communications, Celestica, (416) 448-2200,

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