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Xplore Announces $2.2 Million In Purchase Orders

Stocks in this article: XLRT

Xplore Technologies Corp. (OTCQB: XLRT) (“Xplore” or the “Company”), a manufacturer of award-winning rugged tablet PCs, announced today that it received $2.2 million in purchase orders for the week ended October 12, 2012. Approximately $1.1 million of these purchase orders were received from a leading medical device company focused on advanced heart failure solutions, with the balance coming from a number of existing customers, such as Daimler, and partners, such as VT Miltope for the US Air Force.

“Sales of tablet computers continue to gain momentum and market share,” stated Philip Sassower, Xplore’s Chairman and Chief Executive Officer. “We believe Xplore’s improved operating results are directly linked to the tablet computer becoming the device of choice for field applications and last week’s purchase orders are a further indication of this positive trend for our sector. With our market-leading family of rugged devices, we believe Xplore should be a significant beneficiary of the tablet form factor’s increasing popularity.”

“We believe last week’s $2.2 million in total purchase orders demonstrate our Fortune 500 customers’ ongoing commitment to our products and our ability to attract significant orders from new large customers,” stated Mark Holleran, Xplore’s President and Chief Operating Officer. “The value of Xplore’s products has become more recognized with blue chip companies such as AT&T that rely on the quality of our products to guarantee availability of their field solutions and a lower total cost of ownership compared to non-rugged and semi-rugged alternatives.”

“After receiving approximately $20.3 million in purchase orders in fiscal 2012 from AT&T and from a prominent oil and natural gas exploration company, last week’s $1.1 million purchase order from a leading medical device company represents yet another significant win in a new vertical market for us. Our new customer plans to employ the iX104 as the control unit for its advanced treatment solutions to ensure that a patient’s health cannot be negatively affected by a computing hardware failure.”

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