Thursday, July 19, 2012

Emrise (OTCBB: EMRI) Receives $1.5 Million Electronic Devices Order

Emrise (OTCBB: EMRI) Receives $1.5 Million Electronic Devices OrderNorthern, WI 7/19/12 (StreetBeat) – Emrise Coroporation (OTCBB:EMRI) announced yesterday that it received a $1.5 million order for its products to be used throughout commercial aircrafts’ In-Flight Entertainment and Connectivity (IFE&C) systems. The company will provide electronic devices and subsystems for the IFE&C systems, following a recent $5.4 million order and increasing the total value of major IFE&C electronic device orders to more than $8 million booked to date in 2012. This order is from a longstanding customer and will have shipments starting in this year’s fourth quarter and continue through 2014

The demand for these advanced IFE&C systems have continually increased with the desire for new technologies. They can deliver to the passenger seay a variety of multimedia entertainment features including live satellite TV 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. Emrise has been seeing ongoing grown in this IFE&C market, and CEO Carmine Oliva noted that the number of orders is up approximately 144% 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."

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