EMRISE Corporation Receives $900,000 in Orders for Radio Frequency Systems for Commercial Marine Application
DURHAM, N.C., Dec. 7, 2011 /PRNewswire/ — EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received additional orders valued at approximately $900,000 (591,000 pounds Sterling) from a major international marine services provider for electronic systems for identifying and marking marine (shipping) channels and marine hazards. Deliveries against these new orders are expected to begin in the second quarter of 2012 and be completed by the end of 2012.
EMRISE Chief Executive Officer Carmine T. Oliva said: “Orders for electronics devices for a variety of commercial land and marine applications are continuing to grow and are important additions to our long-standing business in military and commercial aircraft applications.”
The orders were received by the Company’s Pascall Electronics Ltd. subsidiary in England. Pascall provides power systems, radio frequency (RF) devices and integrated systems and subsystems for a broad range of military and commercial aircraft and other land and sea-based programs.
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 the second quarter of 2012 and complete deliveries of the order by the end of 2012, 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.
CONTACT: Allen & Caron Inc Brandi Festa Rene Caron (investors) Len Hall (media) Director Finance and Administration (949) 474-4300 (408) 573-2705 firstname.lastname@example.org ------------------- email@example.com firstname.lastname@example.org
SOURCE EMRISE Corporation