Brightpoint And Time Warner Cable Sign Supply Chain Solution Agreement
Indianapolis, IN (GLOBE NEWSWIRE) - Brightpoint, Inc. (Nasdaq:CELL) announced today that its subsidiary, Brightpoint North America L.P. ("Brightpoint"), has entered into an agreement with Time Warner Cable Inc. to provide a suite of integrated supply chain solutions that include transportation management, inventory management, device customization, fulfillment, and reverse logistics. Pursuant to this agreement, Brightpoint will provide Time Warner Cable with these services to support their launch of Road Runner Mobile™ including wireless data card, accessory and collateral fulfillment and returns, triage and repairs.
"As we launch Road Runner Mobile, Time Warner Cable's mobile broadband product, Brightpoint will play an integral role by providing a streamlined supply chain solution," said Mike Roudi, Time Warner Cable's Group Vice President of Wireless Services.
"Brightpoint is excited to start this new relationship with Time Warner Cable," said J. Mark Howell, President Brightpoint Americas. "We look forward to serving Time Warner Cable with a suite of services that are aligned to their needs and contribute to a successful customer experience."
About Brightpoint, Inc.
Brightpoint, Inc. (Nasdaq:CELL) is a global leader in the distribution of wireless devices and in providing customized logistic services to the wireless industry. In 2008, Brightpoint handled approximately 84 million wireless devices globally. Brightpoint's innovative services include distribution, channel development, fulfillment, product customization, e-Business solutions, and other outsourced services that integrate seamlessly with its customers. Brightpoint's effective and efficient platform allows its customers to benefit from quickly deployed, flexible, and cost effective solutions. The company has approximately 2,700 employees in more than 25 countries. In 2008 Brightpoint generated revenue of $4.6B. Brightpoint provides distribution and customized services to over 25,000 B2B customers worldwide. Additional information about Brightpoint can be found on its website at www.brightpoint.com, or by calling its toll-free Information and Investor Relations line at 877-IIR-CELL (877-447-2355).
Certain information in this press release may contain forward-looking statements regarding future events or the future performance of Brightpoint, including, but not limited to, statements regarding potential spending reductions resulting from the elimination and proposed elimination of positions and the streamlining of operations and its ability to achieve cost savings and debt reduction as part of its 2009 Spending and Debt Reduction Plan. These statements are only predictions and actual events or results may differ materially. Please refer to the documents Brightpoint files, from time to time, with the Securities and Exchange Commission, including Brightpoint's most recent Form 10-K and Form 10-Q and Exhibit 99.1, thereto. These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release.
SOURCE: Brightpoint, Inc.
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