July 18, 2012
(OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a
order for electronic devices and subsystems to be used in In-Flight Entertainment and Connectivity (IFE&C) systems for commercial aircraft. This order follows a recent
order for electronic devices to be used in IFE&C systems and increases the total value of major electronic device orders for IFE&C systems booked to date in 2012 to more than
The order was secured from a longstanding customer by the Company's Pascall Electronics Ltd. subsidiary in
, and shipment of the order is expected to begin in this year's fourth quarter and continue through 2014.
EMRISE Chairman and Chief Executive Officer
Carmine T. Oliva
said this order is another excellent indicator of the ongoing growth the Company is seeing in the IFE&C market. Oliva noted that with the booking of this order, the total value of major IFE&C orders valued at more than
booked so far this year is up approximately 144 percent from the comparable period in 2011.
"Today we are selling electronic devices to an increasing number of customers in the IFE&C market," Oliva said. "This larger and more diverse customer base further opens up the IFE&C market potential for the Company, which is also contributing to our growing backlog of orders."
The Company continues to see increasing demand for multi-media IFE&C systems for air carriers around the globe, and it expects orders for its products for this market will continue to increase and be a significant driver of its revenue growth going forward.