EMRISE Receives Orders for $2 Million of Custom Electronic Devices for International Aviation Program
Contributes to Growing Backlog of Orders for Delivery in 2012 and Beyond
DURHAM, N.C., July 26, 2011 /PRNewswire/ -- EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that it has received orders for approximately $2 million to manufacture and deliver custom electronic devices to be used in an international aviation program.
The orders were received by one of the Company’s Electronic Devices business units from a major international military systems integrator, which is a longstanding EMRISE customer. Shipments of the custom electronic devices are expected to begin in 2012 and be completed in 2013.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said this order is another example of the Company's customers beginning to submit orders with requested delivery dates in 2012 and 2013, which is helping to build EMRISE's growing backlog of future revenue shipments.
“Our overall backlog with customer requested deliveries in 2011, 2012 and beyond continues to grow, and we are encouraged by the order trends we are seeing in many of our key markets,” Oliva added.
About EMRISE Corporation
EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access and timing and synchronization of communications networks. The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company's Communications Equipment business segment. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board in-flight entertainment and connectivity systems is a primary growth driver for the Company's Electronic Devices business segment. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. EMRISE is a publicly traded company whose common stock trades on the OTCBB under the symbol EMRI. For more information go to www.emrise.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
With the exception of historical information, certain matters discussed in this press release are forward looking statements within the meaning of the Private Securities Litigation Reform Act including but not limited to the expectations that shipments of the custom electronic devices will begin in 2012 and be completed in 2013; or that the Company’s overall backlog will continue to grow. The actual future results of EMRISE could differ from those statements. The Company refers you to those factors contained in the "Risk Factors" Section of EMRISE's Annual Report on Form 10-K for the year ended December 31, 2010, its Current Reports on Form 8-K filed in recent months, and other EMRISE filings with the SEC.
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SOURCE EMRISE Corporation
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