Electro Rent Becomes Authorized Preferred Reseller and Rental Partner for IMST, GmbH

Electro Rent Corporation (Nasdaq: ELRC) today announced that it has been named a Preferred Reseller and Rental Partner for IMST GmbH throughout the United States and Canada. Electro Rent will offer for sale or rent the full line of IMST design software, hardware, and design and development services to the wide range of customers it serves.

Under the agreement, Electro Rent will provide sales, rentals and technical support across North America for IMST’s offerings. As a leading global test and measurement company, Electro Rent’s strong customer technical support capability, large inventory of test and measurement equipment and established customer base in the wireless, aerospace and defense, satellite, semiconductor, education, and RF industries, will bring increased awareness and accessibility to IMST’s solutions and expand the portfolio of solutions available to its customers.

IMST GmbH is a cutting-edge research and engineering company that provides advanced, competitive solutions to the market. Its EMPIRE XPU (www.empire.de) software is one of the leading 3D electromagnetic field simulators used by RF and microwave design engineers. It is based on the powerful Finite Difference Time Domain method (FDTD), which has become an industrial standard for RF and microwave component and antenna design. EMPIRE XPU’s unique, adaptive on-the-fly code generation provides the fastest simulation engine known today. EM-simulation problems can now be solved in minutes that which used to take hours.

“IMST’s simulation software tools/services are at the cutting edge of technology,” Dr. Matthias Geissler, Vice President Antennas & EM Modelling for IMST, and Eric Williams, VP of North American sales for Electro Rent jointly said. “The partnership with Electro Rent’s professional sales and technical applications team provides an opportunity to introduce these great products to North American customers. Our joint mission is to help our customer do their work, which is usually challenging and time consuming, as efficiently and effectively as possible.”

About Electro Rent

Electro Rent Corporation (www.ElectroRent.com) is one of the largest global organizations devoted to the rental, leasing and sales of general purpose electronic test equipment, personal computers and servers.

About IMST GmbH

The German based IMST GmbH (www.imst.com), founded by IEEE fellow Ingo Wolff 20 years ago, is a technology driven center of excellence in the design and fabrication of mobile communication circuits and systems. Applications such as car-to-car communications, communication modules and systems are the baseline for outstanding innovations in a wide range of handheld products and optimized antennas.

IMST has launched high sophisticated EDA tools like EMPIRE, originated at daily work with challenging projects and products.

“Safe Harbor” Statement

Except for the historical statements and discussions in this press release, Electro Rent’s statements above constitute forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect Electro Rent’s management’s current views with respect to future events, financial performance and the prospects for the resale of IMST products and services. You should not put undue reliance on these statements. When used, the words “expect” and “will” and other similar expressions identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. The company believes its assumptions are reasonable; nonetheless, it is likely that at least some of these assumptions will not come true. Accordingly, Electro Rent’s actual results will probably differ from the outcomes contained in any forward-looking statement, and those differences could be material. Factors that could cause or contribute to these differences include, among others, those risks and uncertainties discussed in Electro Rent’s periodic reports on Form 10-K and 10-Q and in its other filings with the Securities and Exchange Commission. Should one or more of the risks discussed, or any other risks, materialize, or should one or more of our underlying assumptions prove incorrect, Electro Rent’s actual results may vary materially from those anticipated, estimated, expected or projected. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. Electro Rent undertakes no obligation to update or revise any forward-looking statements.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160728006323/en/

PondelWilkinson Inc.Roger Pondel/Laurie Berman310-279-5980pwinvestor@pondel.com

Electro Rent Corp. (MM) (NASDAQ:ELRC)
Historical Stock Chart
From Mar 2024 to Apr 2024