Probe Manufacturing, Inc. Enters Into Strategic Partership With Arrow Electronics and Future Electronics
LAKE FOREST, Calif., Feb. 1, 2007 -- Probe Manufacturing, Inc. (BULLETIN BOARD: PMFI) -- today announced a strategic partnership with Arrow Electronics and Future Electronics to help companies reduce their inventories while improving flexibility and lead-time to deliver quality products to their customers.
"The problem facing original equipment manufacturers (OEM) is that they usually have too much inventory they cannot sell, and not enough products they can actually sell. Our partnership with Arrow Electronics and Future Electronics will improve our customer performance by maintaining inventory at its lowest value point and highest versatility," said our CEO Reza Zarif.
The most important aspect of any solution is the Bonded Inventory program. Future Electronics' "unique BIM program is the baseline for any successful inventory/materials management program. In order to support your material requirements, the material must be available to you, when you need it. Future's BIM program provides you with the assurance that material is stocked on behalf of Probe Manufacturing, Inc. as bonded material in our warehouse up to 60 days. Our BIM Control Report is supplied to you to detail and verify our commitment to supporting your inventory requirements," said Michael Saad Regional Manager e-Supply Chain Solutions for Future Electronics.
"We began implementation of our supply chain solution in July 2006. As a result of the conversion, we have already seen a reduction in our inventory levels of close to $500,000, almost a 1/3 of our total inventory. At the same time we are pulling more completed kits on-time. The program is freeing up resources in purchasing, materials management, kitting and administration. I am very excited to see the continued implementation and future success. This will fuel profitability and sales growth. Our customers are seeing immediate benefit from the program," stated John Bennett, the Company's V.P. of Finance.
About Probe Manufacturing, Inc.
Probe Manufacturing, Inc. was founded in 1995 and is one of Southern California's highest quality, low to medium volume Electronics Manufacturing Services (EMS) companies. Probe manufacturing Inc. provides a full range of electronics manufacturing and supply chain management services to the some of the world's leading telecommunications, industrial, automotive, alternate fuel, hybrid, and medical device manufacturing firms. The Company provides OEMs with low cost of ownership, flexibility, and quality that improves their competitive advantage. Probe's service offerings include new product introduction, collaborative design, materials management, product manufacturing, product warranty repair, and end-of-life support. Probe Manufacturing's headquarters are located in Costa Mesa, California.
To find out more about Probe Manufacturing, Inc. (BULLETIN BOARD: PMFI) , visit our website at www.probemi.com . The Company's public financial information and filings can be viewed at www.sec.gov.
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products and services or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.