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EMRISE CORPORATION (NYSE Arca:ERI), a multi-national manufacturer
of defense, aerospace and industrial electronic devices and
communications equipment, today announced that its subsidiary, Pascall
Electronics Ltd., has received orders worth in excess of $1.9 million
for its range of multimedia In-Flight-Entertainment and Communications
products ("IFE"). Deliveries commence immediately and are expected to
be completed in 2007. These and other recent orders increased
Pascall's backlog of orders by 50% over the same period in 2006 for
IFE, even though Pascall is shipping IFE products at twice the rate of
2006. These new orders for $1.9 million represent 27% of Pascall's
2006 revenues of approximately $7 million for IFE products alone.
Among other products for other commercial and defense markets,
Pascall provides a range of power systems, RF devices and integrated
subsystems, especially for multimedia IFE systems incorporating video
on demand and GSM communications among other services for retro fit
and new aircraft installations.
Commenting on the orders, Carmine T. Oliva, Chairman, President
and CEO, said: "Commercial multimedia IFE products represent the
primary growth driver for EMRISE's electronic devices group, which
includes Pascall, XCEL Power Systems and RO Associates. These new
orders for Pascall are a major contributor to the success of our
primary growth strategy. The market for multimedia IFE and
communications systems is strong, as airlines are offering passengers
more multimedia services as a way to build their revenue per seat from
these additional services. We have an extensive installed base of IFE
products and are now achieving success with new products for these
newer services. We expect to see this market expand further as single
aisle aircraft, which have historically been largely ignored, are now
being considered for these newer services. We are further pleased this
exciting IFE opportunity for our electronic devices group is now also
being complemented by network timing and synchronization products,
which represent the primary growth driver for EMRISE's communications
group. This effort is being led by our recently introduced
StarClock(TM) TiemPo(TM) 6400 product."
About EMRISE CORPORATION
EMRISE Corporation is a multi-national manufacturer of defense,
aerospace and industrial electronic devices and communications
equipment. EMRISE's electronic devices group, which consists of EMRISE
Electronics Corporation and its international subsidiaries, provides
power conversion, RF devices as well as digital and rotary switches to
the North American, European and Asian electronic market. EMRISE's
communications equipment group, consisting of CXR Larus Corporation
and its subsidiary CXR Anderson Jacobson, provides network access and
timing and synchronization products to the North American, European
and Asian communications industry. Founded in 1983, EMRISE operates
out of facilities in the United States, England, France and Japan. As
of January 31, 2007, EMRISE had a total of 302 employees in its
various subsidiaries and divisions. Website: www.emrise.com. Listed on
NYSE Arca under the ticker symbol: ERI.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
With the exception of historical information, the matters
discussed in this press release are forward-looking statements,
including without limitation statements regarding the strength and
expansion of the IFE market, that involve a number of risks and
uncertainties. The actual future results of EMRISE CORPORATION could
differ from those statements. Factors that could cause or contribute
to such differences include, but are not limited to, continued demand
for IFE products, our ability to manufacture IFE products to meet
expected demand; general market and economic conditions; changes in
technology and governmental regulations and policies, competitive
products and services; unforeseen technical issues and those factors
contained in the "Risk Factors" section of EMRISE Corporation's Form
10-Q for the quarterly period ended September 30, 2006.
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