EMRISE Receives $5.4 Million Electronic Devices Order For In-Flight Entertainment And Connectivity (IFE&C) Systems
DURHAM, N.C., June 7, 2012 /PRNewswire/ -- EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $5.4 million order for electronic devices and subsystems to be used in In-Flight Entertainment and Connectivity (IFE&C) systems to be installed in commercial aircraft. The order, which is the largest IFE&C order received to date by EMRISE, was secured from a large, longstanding customer by the Company's Pascall Electronics Ltd. subsidiary in England. Shipment of the order is expected to begin in this year's fourth quarter and continue through 2013.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said this order is an indicator that the size of the IFE&C market continues to grow. Demand from air carriers for IFE&C systems has increased significantly over the last several quarters, and today the Company is receiving orders from a growing list of IFE&C customers, which includes nearly all the preeminent suppliers in the market.
"We had one major customer for IFE&C products in 2007 and now our roster of customers numbers eight, which has also increased the number of IFE&C orders we are receiving," Oliva said. "These systems improve a passenger's travel experience and are an additional revenue source that has a positive impact on the carriers' bottom lines. For those reasons, we believe the demand for new multimedia IFE&C systems will continue expanding and become an even more significant driver of our revenue growth going forward."
Today's advanced IFE&C systems are now being installed in both new and existing short- and long-haul aircraft and they can deliver to the passenger seat a variety of multimedia entertainment features including live satellite television and a number of connectivity features such as GSM for in-flight mobile phone use and Broadband for access to Internet, e-mail and messaging services.
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