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Orbit International's Power Units Segment Receives Additional Order in Excess of $625,000 for Oil and Gas Exploration

Posted on: Wednesday, 31 May 2006, 09:00 CDT

Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer and supplier, today announced that its Power Units Segment, Behlman Electronics, Inc. ("Behlman") has received a new order for over $625,000 for a power supply used in oil and gas exploration. Deliveries under this contract are expected to commence in the fourth quarter of 2006 and continue through the second quarter of 2007.

Behlman, which has been supplying this customer with this power supply since 1995, has shipped over 1200 units to date. In a previous announcement dated January 2005, the Company stated that based on conversations with its customer, orders for this unit were expected to accelerate due to increased demand for oil and gas. Since then, Behlman has booked over $1,500,000 of orders for this product and this current order was placed nearly six months ahead of expectations. In addition, thus far this year Behlman has received over $100,000 in contract awards for a similar unit from another oil services company. Furthermore, based on customer forecasts, the Company anticipates repeat orders through the year 2010.

Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., commented, "We are very encouraged by the continuing demand of our products as a result of the strong business activity in the oil and gas exploration industry. In light of this solid base of business, we are continuing to develop new standard products that can be easily modified to meet specific customer requirements. This is part of Behlman's business plan of leveraging its standard products to pursue programs with custom power requirements which has been a key element of its revenue and earnings growth over the past several years."

Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications through its production facilities in Hauppauge, New York and Quakertown, Pennsylvania. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and associated analytical equipment. The Behlman military division designs, manufactures and sells power units and electronic products for measurement and display. For a more detailed discussion of the risks inherent in the Company's business, the reader is referred to the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2005 and its registration statement on Form S-3 containing a final prospectus dated January 11, 2006.

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding expected deliveries under new contracts, forecasted demand for its oil and gas exploration power supply having repeat orders through the year 2010 and Behlman's strong base of business leading to continued development of new standard products that can be easily modified to meet specific customer requirements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual future results of the Company to be materially different from such forward looking statements. Factors that might result in such differences include, without limitation, current economic conditions and military conflicts, variable market conditions, the timing of execution and delivery under new and existing contracts, and changing needs of the defense sector and the Company's customers. The forward-looking statements contained in this press release speak only as of the date hereof. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

Source: Business Wire

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