DURHAM, N.C., Feb. 5, 2014 (GLOBE NEWSWIRE) -- EMRISE CORPORATION (OTCQB:EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a total of approximately $1.1million in orders for radio frequency (RF) devices to be used in systems to be employed by a military organization of a foreign country. Deliveries of the ordered RF devices are expected to begin in the third quarter of 2014 and be completed by mid-2015.
The orders were received from two of the Company's large, longstanding customers by its Pascall Electronics Ltd. subsidiary in England. Pascall provides custom and standard power systems, RF devices and integrated systems, subsystems and components for a broad range of military, civilian aerospace, commercial and other land-, air- and sea-based applications and programs.
EMRISE Chairman and Chief Executive Carmine T. Oliva said that these orders may indicate the beginning of a recovery in the Company's sales of electronic devices for military programs, as well as a firming up of sales of its RF devices product line. He also noted that the orders are important additions to the growing backlog of EMRISE's Electronic Devices segment.
"These orders for RF devices to be used in a military application are part of our core Electronic Devices business, which is focused on supplying custom and semi-custom electronic devices for a broad range of commercial applications, military programs and such important civilian aerospace applications as In-Flight Entertainment and Connectivity systems," Oliva added.
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 can find Real-Time quotes and market information for EMRISE at www.otcmarkets.com.
Safe Harbor Statement under Private Securities Litigation Reform Act of 1995
With the exception of historical information, certain matters discussed in this press release, including but not limited to EMRISE's belief that deliveries of the orders will begin in the third quarter of 2014 and be completed by mid-2015; and its belief that these orders may indicate the beginning of a recovery in the Company's sales of electronic devices for military programs, as well as a firming up of sales of its RF devices product line are all forward-looking statements involving risks and uncertainties. Actual future results of EMRISE could differ from those statements. EMRISE also 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, 2012, its Quarterly Reports on Form 10-Q, Current Reports on Form 8-K filed recently, and other EMRISE SEC filings.
Allen & Caron Inc Jill Bertotti or Rene Caron (investors) or Len Hall (media) 949-474-4300