Espey Receives New Orders, Backlog Increases
December 13 2010 - 4:35PM
Marketwired
Espey Mfg. and Electronics Corp. (NYSE Amex: ESP) has recently
received a significant series of orders that total approximately
$14.5 million. These orders are for follow on business to existing
programs which the Company has been a part of for several years.
Shipments under these orders are expected to take place over the
next 36 months.
The total sales order backlog is approximately $44.0 million as
of December 13, 2010 compared to $31.8 on September 30, 2010.
Espey's primary business is the development, design, and
production of specialized military and industrial power
supplies/electronic equipment. The Company's web site can be found
on the Internet at www.espey.com.
Certain statements in this press release are "forward-looking
statements" and are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements represent the Company's current
expectations or beliefs concerning future events. The matters
covered by these statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those set forth in the forward-looking statements. The Company
wishes to caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date
made.
For further information, contact Mr. David O'Neil or Mr. Mark
St. Pierre at (518) 245-4400
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