DURHAM, NC - January 4, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received an order valued at approximately $1.2 million (£750,000) for electronic devices to be used in In-Flight Entertainment and Connectivity (IFE&C) systems.
Shipment of the order, which was received from a longstanding customer by the Company's Pascall Electronics Ltd. subsidiary in England, will occur over a 12-month period starting in July 2012.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said, "This order is from a customer in the commercial aerospace market, which is becoming a growing market opportunity for our products that complements our long-standing military business. We are seeing increases in demand for the use of EMRISE products in IFE&C applications. At the same time, our IFE&C business is being enhanced by opportunities in other commercial markets we serve such as marine navigation and oil field exploration. We believe these commercial markets should continue to be important sources of revenue for us in the coming months."
Oliva noted that this order contributes to the backlog of
orders the Company expects to ship later in 2012 and
beyond.
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, the matters
discussed in this press release, including without
limitation EMRISE's ability to begin deliveries of the
order in July 2012 and complete deliveries of the order
over the ensuing 12-month period, are forward-looking
statements that involve a number of risks and
uncertainties. The actual future results of EMRISE
Corporation could differ from those statements. Factors
that could cause or contribute to such differences include,
but are not limited to, unforeseen technical issues,
unexpected vendor or customer delays, and unexpected
changes in the economic, political or overall business
climate. The Company also 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 Quarterly Reports on Form 10-Q, its
Current Reports on Form 8-K filed in recent months, and
other EMRISE filings with the SEC.
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