EMRISE Corporation Receives More Than $1.0 Million in Orders for Electronic Devices for Commercial Aircraft
Tue Oct 7, 8:58 AMRANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced it has received more than $1.0 million in additional orders for electronic devices for commercial aircraft cockpits from a major international systems integrator based in Europe. Shipments are scheduled to begin in the fourth quarter of 2008, and this order will ensure continuity of shipments for this program through 2009.
EMRISE President and Chief Executive Officer Carmine T. Oliva said: âWe continue to see growing strength in orders for electronics devices and subsystems for commercial aircraft, not only for cockpit avionics but also for in-flight entertainment applications.â Oliva also said that the European systems integrator is a continuing customer that purchases products for both commercial and military aircraft programs.
The order was received by the Companyâs Pascall Electronics Ltd. subsidiary, located in England. Pascall provides power systems, RF devices and integrated subsystems for a broad range of military and commercial aircraft and other land and sea-based programs.
Oliva continued: âThese orders add to our growing backlog and are a result of our strategic plan to broaden our revenue base with commercial aircraft business. This market segment involves high-volume programs to outfit large commercial airliners, regional jets, light air taxi jets, business jets and smaller private aircraft with a range of electronic devices and subsystems.â
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; RF and microwave transmission; digital and rotary switching; network access and timing and synchronization of communications networks. Primary growth driver applications for EMRISE products include commercial avionic âIn-Flight Entertainment and Communicationsâ products and communications âNetwork Timing and Synchronizationâ equipment. EMRISE serves customers in North America, Europe and Asia through operations in the United States, England, France and Japan. The Company has built a worldwide base of customers including all of the Fortune 100 in the U.S. that do business in markets served by EMRISE and many similar-size companies in Europe and Asia. 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 EMRISEâs ability to begin shipments of this order in the fourth quarter of 2008, ability to continue shipments for this program through 2009, ability to continue to see growing strength in orders for electronics devices and subsystems for commercial aircraft, not only for cockpit avionics but also for in-flight entertainment applications, ability to add to our growing backlog, ability to implement strategic plan to broaden our revenue base with commercial aircraft business and the ability to develop the market segment that involves high-volume programs to outfit large commercial airliners, regional jets, light air taxi jets, business jets and smaller private aircraft with a range of electronic devices and subsystems are all 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, unforeseen changes in customer demand, unforeseen delays in receipt of materials from our vendors, inability of our products to meet customer specifications and/or difficulties integrating our products into the overall systems, changes in the economic, industry or political climate that may negatively impact demand for our future products, failure to book orders a rate higher than outgoing shipments, failure to develop new aviation markets including high-volume programs to outfit large commercial airliners, regional jets, light air taxi jets, business jets and smaller private aircraft, and those factors contained in the âRisk Factorsâ Section of the Companyâs Form 10-K for the year ended December 31, 2007, and other Company filings.
EMRISE Corporation
John Donovan, 909-987-9220 ext. 3201
Vice
President Finance and Administration
JDonovan@emrise.com
www.emrise.com
or
Allen
& Caron Inc
Dan Matsui, 949-474-4300 (investors)
D.Matsui@allencaron.com
Len
Hall, 949-474-4300 (media)
Len@allencaron.com




