This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EMRISE Announces $350,000 Order For Custom-Built Power Supplies To Be Used In Military Application

DURHAM, N.C., Dec. 18, 2012 /PRNewswire/ --  EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced a $350,000 order for custom-built power supplies to be used in a military application.  The order was secured from a longstanding customer and is expected to ship complete in 2013.

EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said the order is evidence of the ongoing strength of the Company's order flow for its products used in military applications.  He also said the order is typical of the continuing flow of follow-on orders the Company frequently receives from its longstanding base of customers who are systems integrators that sell to the military.  These customers often continue to build systems for their customers over the life of multi-year military programs.

"We are widely recognized as a top-flight supplier of custom-built products for use in demanding military and other hazardous-environment applications," Oliva added.  "We have an excellent reputation for our ability to design and manufacture custom-built products that meet rigorous military specifications.  These skills are not only required for success with the military, but are also key to our ability to serve a number of other important markets including In-Flight Entertainment and Connectivity.  We expect orders for our products used in military applications and civilian aerospace applications will continue to be important drivers of our revenue growth going forward." 

About EMRISE CORPORATION EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets.  EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access to public and private communications networks.  The use of its network products in public and private, legacy and latest Ethernet and Internet Protocol (IP) networks is a primary growth driver for the Company's Communications Equipment business units.  The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board In-Flight Entertainment and Connectivity systems is a primary growth driver for the Company's Electronic Devices business units. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France.  For more information on EMRISE, go to www.emrise.com.

EMRISE common stock trades under the symbol EMRI on OTCQB, the venture marketplace for companies that are current in their reporting with a U.S. regulator. Investors and other interested parties can find Real-Time quotes and market information for EMRISE at www.otcmarkets.com

Real-Time Level 2 Quotes are also available on the Stock Quote Page of the Investor Relations section of EMRISE CORPORATION's web site at http://www.emrise.com/investor_relations/stock_quote/index.htm.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 With the exception of historical information, certain matters discussed in this press release are forward looking statements within the meaning of the Private Securities Litigation Reform Act including but not limited to the Company's expectations that the order will ship complete in 2013;  that its ability to design and manufacture custom-built products that meet rigorous military specifications are skills required for success with the military and to serve other important markets including In-Flight Entertainment and Connectivity; and that orders for its products used in military applications and civilian aerospace applications will continue to be important drivers of the Company's revenue growth going forward.  The actual future results of EMRISE could differ from those statements.  The Company refers you to those factors contained in the "Risk Factors" Section of EMRISE's Annual Report on Form 10-K for the year ended December 31, 2011, as amended, Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K filed in recent months, and other EMRISE filings with the SEC. 

CONTACT: Allen & Caron Inc Rene Caron (investors) Len Hall (media)(949) 474-4300 rene@allencaron.com len@allencaron.com

SOURCE EMRISE Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs