DURHAM, N.C., Nov. 21, 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 a follow-on order
valued at approximately $630,000
(394,000 pounds Sterling) from a
large international customer for custom modular power supplies to
be used in a long-running U.S. military armored vehicle program.
Delivery of the order is expected to begin in early 2012.
The order was received by the Company's 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.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said, "Long term military
projects, such as this one, continue to be strategic targets for
EMRISE where our custom rugged power supplies have proven their
performance and reliability. We have continued to invest in
the design and technology of our power supply products, and those
investments continue to pay dividends in the form of business for
both new and existing military and commercial programs.
EMRISE has built a solid reputation for providing a robust
line of custom-built and standard power supply products that meet
the stringent specifications required for use in rugged military
applications."
Oliva noted that over the last several years, EMRISE has built a
successful on-going relationship with this international customer,
and since its inception, the customer has purchased several million
dollars in power supplies from the Company for this armored vehicle
program.
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 to
EMRISE's ability to begin deliveries of the order early in 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,
unexpected changes in the economic, political or overall business
climate, and a decline in military business in general or in
EMRISE's military business, in particular. 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:
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Allen & Caron Inc
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Brandi Festa
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Rene Caron (investors) Len Hall
(media)
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Director Finance and
Administration
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(949) 474-4300
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(408) 573-2705
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rene@allencaron.com
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bfesta@emrise.com
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len@allencaron.com
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SOURCE EMRISE Corporation