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EMRISE Receives $1.6 Million Production Order for Power Supplies for In-Flight Entertainment System

Dépèche transmise le 18 novembre 2009 par Business Wire

EATONTOWN, N.J.--(BUSINESS WIRE)--EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a multi-year, $1.6 million production order for power supplies to be used in an In-Flight Entertainment (IFE) system. Shipments of the multi-year order, which was received from a relatively new customer, are expected to begin in the first quarter of 2010.

EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said, “Prior to receiving this production order, we received a number of development orders as our engineering team worked closely with this customer to design our power supplies into their IFE system, which is well-suited for both new-build and retrofit applications in commercial aircraft.”

The production order was received by the Company’s Pascall Electronics Ltd. subsidiary located in England. Pascall provides a range of power systems, RF devices and integrated subsystems for a number of commercial aerospace and defense applications, including IFE and multimedia In-Flight Entertainment and Communications (IFE&C) systems.

EMRISE power supplies are a key element of the IFE system and essential to the reliable delivery of a range of high quality in-flight entertainment features.

“We are very pleased to have received this order for power supplies as we believe this order could be an early indication of a beginning of a turnaround in the demand for IFE and IFE&C systems. We believe we are well positioned for any such turnaround as evidenced by receipt of this order,” 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 and timing and synchronization of communications networks. Primary growth driver applications for EMRISE products include the use of its RF devices in radio-controlled improvised explosive device (RCIED) jamming systems, and the use of its Network Timing and Synchronization products in edge networks. EMRISE serves customers in North America, Europe and Asia through operations in the United States, England and France. The Company has built a worldwide base of customers including a majority of the Fortune 100 in the U.S. that do business in markets served by EMRISE and many similar-size companies in Europe and Asia. For more information go to www.emrise.com.

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 including EMRISE’s ability to begin shipment of the products described in this release in the first quarter of 2010, EMRISE’s belief that the IFE system describe in this release is well-suited for both new-build and retrofit applications in commercial aircraft, EMRISE’s belief that this order could be an early indication of a beginning of a turnaround in the demand for IFE and IFE&C systems may be interpreted as forward looking statements. The actual future results of EMRISE could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, unforeseen technical difficulties, unforeseen design, quality or performance issues associated with the products described in this press release, unforeseen delays by EMRISE vendors, within the manufacturing process or by our customer regarding desire delivery dates, economic, political or other factors which may affect the airline industry and/or the specific airlines utilizing the products described in this press release which may delay or eliminate the need for such products, and those factors contained in the “Risk Factors” Section of EMRISE’s Form 10-K for the year ended December 31, 2008, Form 10-Q for the quarterly period ended September 30, 2009, and other EMRISE filings with the Securities and Exchange Commission.

Business Wire

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