Jabil And Carl Zeiss Create Joint Venture For Optical Modules And Engines

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."

Further information is available on the company's website: http://jabil.com.
Jabil Contact:
Ken Darby
Jabil Circuit
10560 Dr. Martin Luther King Jr. Street North
St. Petersburg, Florida 33716
Tel.: 1-727-803-5755
Email: ken_darby@jabil.com

About Carl Zeiss

Carl Zeiss is a leading international group of companies operating worldwide in the optical and opto-electronic industry. Carl Zeiss AG is headquartered in Oberkochen, Germany.

The business groups, which each operate with sole responsibility, are generally ranked first or second in the strategic markets of biosciences and medical technology, system solutions for industry and optical consumer goods. They offer products and services for biomedical research and medical technology, system solutions for the semiconductor, automotive and mechanical engineering industries, as well as high-quality consumer goods such as camera lenses and binoculars. In fiscal year 2004/05 (ended September 30) the Carl Zeiss Group generated revenues totaling EUR 2,222 million. It employs 11,500 people across the globe, including 3,300 outside Germany. The Carl Zeiss Group is directly represented in more than 30 countries and operates production facilities in Europe, America and Asia.

The eyeglass business has been merged with the US company Sola International and now operates as Carl Zeiss Vision International GmbH. This company is owned 50:50 by Carl Zeiss AG and a private equity company.

Jena-based Zeiss subsidiaries -- Carl Zeiss Jena GmbH, Carl Zeiss Meditec AG and Carl Zeiss SMS GmbH -- generated total revenue of EUR 344 million in fiscal year 2004/2005 (October 1 to September 30) with a workforce of approximately 1600 employees. The portfolio of Carl Zeiss in Jena covers the major future markets of life sciences, ophthalmology, display technologies and semiconductor fabrication.

Further information is available at www.zeiss.com.
Carl Zeiss Contact:
Carl Zeiss Communications
Carl-Zeiss-Promenade 10
07745 Jena, Germany
Gudrun Vogel
Tel.: +49 (0) 3641/ 64-2770
Fax: +49 (0) 3641/ 64-2941
Email: g.vogel@zeiss.de

This news release contains forward-looking statements, including those regarding the anticipated outlook for our business, our currently estimated second quarter and full fiscal year 2006 net revenue and earnings results and our long-term outlook for our company, our industry and our business sectors. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: fluctuations in operating results; changes in technology; competition; anticipated growth for us and our industry that may not occur; managing rapid growth; managing any rapid declines in customer demand that may occur; our ability to successfully consummate acquisitions; managing the integration of businesses we acquire; risks associated with international sales and operations; retaining key personnel; our dependence on a limited number of customers; business and competitive factors generally affecting the electronic manufacturing services industry, our customers and our business; other factors that we may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2005, subsequent Reports on Form 10-Q and Form 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Jabil Circuit
Ken Darby, 1-727-803-5755

Email Contact
Carl Zeiss Communications
Gudrun Vogel, +49 (0) 3641/ 64-2770
Fax: +49 (0) 3641/ 64-2941

Email Contact

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