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Updated: July 8th, 2008 05:26 PM CDT

Jabil and Carl Zeiss Create Joint Venture

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Business Wire
via NewsEdge Corporation

2006 International CES ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 4, 2006--Jabil Circuit (NYSE: JBL) today announced it will develop optical modules as part of a joint venture with Carl Zeiss. The partnership will enable Jabil to offer world-leading optical module capability to its rapidly growing Display Technologies Business Unit. Jabil will have the majority interest in the joint venture.

Carl Zeiss will provide digital light processing (DLP) technology know-how to the partnership, including core competencies in the development, technology, marketing, sales and production of display applications. Jabil will integrate the resources of the joint venture into an established global development and production platform focused on providing their consumer electronics customers an outstanding value proposition.

"Our strong technical and manufacturing capabilities coupled with the superior optics and light processing experience of Carl Zeiss, will give us a leading role in the growing optical module and optical engine market," explained Scott Brown, Executive Vice President, Jabil Circuit.

"With Jabil Circuit, we have found a partner that is very familiar with the mass production of consumer electronics and able to continue and enhance the business with optical modules," said Dr. Franz von Falkenhausen, President & CEO of Carl Zeiss Jena GmbH and Executive V.P. & G.M. of the Opto-Electronic Systems Group.

About Jabil Circuit

Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete product supply chain management around the world. With more than 55,000 employees and facilities in 20 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol "JBL."

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