Friday, June 8, 2012

EMRISE (OTCBB: EMRI) Receives $5.4 Million Electronic Devices Order

EMRISE (OTCBB: EMRI) Receives $5.4 Million Electronic Devices OrderNorthern, WI 6/8/12 (StreetBeat) – 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.

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 and timing and synchronization of communications networks. The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company's Communications Equipment business segment. 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 segment. 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.

Please contact for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

No comments:

Post a Comment