Electro Rent Corporation Named Sole Provider of ART-Fi Measurement Systems in United States and Canada
June 15 2015 - 8:00AM
Business Wire
Electro Rent Corporation (Nasdaq: ELRC) and ART-Fi
today announced that Electro Rent will become the sole provider of
ART-Fi’s ART-MAN SAR measurement system and related services in the
United States and Canada.
“ART-Fi is an exciting new entrant in the test and measurement
industry, and we are pleased to be working with them as the sole
provider of their equipment, which meets the growing needs of
developers and manufacturers of wireless devices,” said Eric
Williams, Vice President of Sales for Electro Rent. “As we work to
consistently exceed our customers’ needs, the ART-MAN product will
enhance our product breadth and depth in the expanding mobile
industry.”
“We are creating a new platform that provides significant
flexibility for Electro Rent and test and measurement equipment
suppliers who can benefit from the robust sales and support
infrastructure we already have in place,” said Dan Greenberg,
Chairman and Chief Executive Officer of Electro Rent.
The ART-MAN, which reduces SAR testing time (relating to the
amount of electromagnetic energy absorbed by the head or body when
using a wireless device) from weeks to days, will be used by North
American test labs, and wireless equipment and design
manufacturers.
Electro Rent specializes in helping customers obtain the right
equipment, at the right time, and at the right price. The company
offers flexible equipment acquisition options including new and
used equipment sales, rentals, and leasing alternatives.
“Electro Rent has built a fantastic reputation for providing
customers with high-quality equipment and best-in-class customer
service, and we are very pleased to be working with them to bring
our new technology to the North American market,” said Benoit
Derat, Chief Executive Officer of ART-Fi. “Electro Rent’s powerful
sales presence and know-how will be of great value in getting our
leading second generation SAR measurement system into the hands of
those who need it most.”
“Electro Rent’s unique ability to provide technical assistance
and custom acquisition alternatives to our SAR customers, while
providing a full range of other related wireless test equipment to
them, is a very powerful value proposition,” Williams said. “We
will be working closely with ART-Fi to introduce the significant
cost and time saving benefits of the ART-MAN product to a wide
range of wireless companies and test labs throughout North
America.”
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 ART-Fi
ART-Fi’s main goal is to provide EMF measurement instrumentation
and expertise to support the electronics and wireless industry in
efficient delivering of innovative and regulatory compliant
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 and financial performance. Forward looking statements
in this press release include statements regarding whether Electro
Rent can establish and retain reseller and/or sales agent
relationships with test and measurement equipment manufacturers,
whether Electro Rent can grow its revenue and net profits, and
whether North American test labs, wireless equipment manufacturers,
design manufactures and other potential customers will use the
ART-Man product. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150615005308/en/
Electro RentDaniel Greenberg, 818-786-2525Chairman and
CEOorPondelWilkinson Inc.Roger Pondel or Laurie Berman,
310-279-5980pwinvestor@pondel.comorART-FiBenoît Derat, +33 6
62 31 96 67CEO
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