CEVA Logistics successfully implements new US Customs Brokerage System, CEVA Logistics

CEVA Logistics successfully implements new US Customs Brokerage System.

Houston, TX, USA 3 February, 2016 – CEVA Logistics, one of the world’s largest supply chain management companies, today announced it has successfully completed the implementation of a new Customs brokerage system across its US operation. CEVA initiated the move to introduce state-of-the-art systems following a mandate from US Customs which requires all forwarders to file their entries using ACE (the Automated Commercial Environment) by the end of February this year. At that time, ACE becomes the primary system through which the trade community – including forwarders – must report all imports and exports. “With our start-up on November, 3rd, we were one of the first large brokers in the industry to comply with the new regulations immediately following Customs originally-mandated ACE implementation date of November 1st. Our implementation with CargoWise One, offering full ACE functionality, is a major step forward for our business,” states CEVA’s Vice President Customs Brokerage & Import Services, Jane Pedersen Sorensen. CEVA began work on its new link to ACE in 2014 when it selected Wise Tech Global and its CargoWise One program as the system with which to link its internal software such as CEVA Matrix OFS and Navigator, to provide a more user-friendly, modern platform for users. The project has removed a number of legacy systems and synchronized all current IT interfaces and customer links. Sorensen adds: “It was a bit like tearing down an old home and rebuilding it without the benefit of all the historic plans. It was a challenging yet such a valuable project. Our Brokerage team deserves real credit for their outstanding dedication and a wonderfully smooth outcome. We are delighted with the new system and the fact that we’re ready in advance of Customs’ new deadline of February 28th”.

CargoWise One operates on cloud-based technology. Next, CEVA will launch its customer portal which will allow importers to better manage their business with CEVA and achieve transparent Customs clearance information. For more information contact: Cathy Howe Pilot Marketing ch@pilotmarketing.co.uk T: +44 (0)208 941 5381. CEVA - Making business flow CEVA, one of the world’s leading non-asset based supply chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 42,000 employees in more than 170 countries are dedicated to delivering effective and robust supply chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com. SAFE HARBOR STATEMENT: This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2015 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.