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Orbit International Receives Contract Valued in Excess of $1,400,000 for Mobile Display Terminal Used in Commercial Mass Transit Vehicles

Posted on: Wednesday, 8 February 2006, 09:00 CST

Orbit International Corp. (NASDAQ:ORBT), a military defense electronics supplier, today announced that it had received a contract valued in excess of $1,400,000 for its color Mobile Display Terminal (MDT) from a major industrial company. The initial production award for this new generation of color MDTs was received in the second quarter of 2005 and this new award doubles the annual production rate. Delivery of the MDTs, which will be manufactured at the Company's Quakertown, PA facility, are expected to commence in the second quarter of 2006 and continue through the first quarter of 2007.

The MDT supports commercial mass transit systems. It is comprised of a switch matrix bezel that allows a driver to transmit and receive real time data and critical information, on a 3x5 inch color display that forms part of a system used to monitor a city's fleet of mass transit vehicles. A city's control center, using satellites and radio transmitters, is able to monitor the location and status of its entire mass transit fleet thereby allowing for quicker emergency response as well as repositioning for passenger volume and mechanical failure.

Richard Hetherington, Chief Operating Officer of the Company's Tulip subsidiary in Quakertown commented, "The new MDT is an updated follow-on design used on a previously successful program with the same customer that was first introduced in 1998. These units were first introduced to mass transit systems in Pittsburgh, Cleveland, San Antonio, Long Beach, CA, Kansas City, MO, and Salt Lake City. Since the display has been so reliable and dependable, other cities such as Vancouver, B.C. and Oahu-Honolulu, HI, have also installed the system in their mass transit vehicles. We are delighted that these new color MDTs have been designated for introduction into the very large transit systems of New York City and Atlanta. Following the test phase in these two cities, we look forward to significant follow-on orders. As MDTs have improved the efficiency and safety of the mass transit systems where they are installed, we would expect them to be considered for other mass transit system upgrades that are underway across the country. Therefore, we are confident that there will be additional demand for our MDT to meet requirements from existing users, as well as other mass transit systems."

Dennis Sunshine, President and CEO of Orbit commented, "This new follow-on order is a confirmation of the outstanding quality of the products designed and manufactured by our Tulip subsidiary. We are confident that additional cities will see the safety and security advantages of this system, and request pilot units for system testing. This new award solidifies our confidence for continued strong operating results for 2006."

Orbit International Corp., based in Hauppauge, is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications. 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, 2004 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, including the expected delivery dates for new contracts, the significant opportunity for follow-on orders, they will be considered for other mass transit system upgrades, there will be additional demand for the Company's MDTs to meet requirements from existing users as well as other mass transit systems, additional cities will see the safety and security advantages of this system and confidence for continued strong operating results in 2006. 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, the current economic climate and military conflicts, variable market conditions and changing needs of its 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 Annual Report on Form 10-KSB for the fiscal year ended December 31, 2004 and its other periodic reports and registration statements filed with the Securities and Exchange Commission.

Source: Business Wire

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