DURHAM, N.C., Feb. 19, 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 $610,000 order for communication equipment to be used in a system for a major European public utility.
The order was received from a longstanding customer by the Company's Pascall Electronics Ltd. subsidiary in England, and is expected to ship complete in the second quarter of 2014.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said this order is evidence of the strength of the utilities market in Europe and the Company's and its customers' ability to win business in this growing market.
"As demand in the European public utilities market has increased, this longstanding customer has successfully expanded its business in the utilities market in Europe," Oliva added. "This has enhanced the breadth and strength of its business and we believe it is helping EMRISE to increase its presence in the utilities market, which is one of the Company's important target markets."
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 beliefs that the order will ship complete in the second quarter of 2014; the order is evidence of the strength of the utilities market in Europe and the Company's and its customers' ability to continue to win business in this growing market; that its customer has successfully expanded its business in the utilities market in Europe; and that this expansion has enhanced the breadth and strength of their business and helped EMRISE increase its presence in the utilities market, which is one of the Company's important target markets 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.