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 |
rene@allencaron.com |
bfesta@emrise.com |
len@allencaron.com |
SOURCE EMRISE Corporation