Dépêches

Probe Continues Its Unprecedented Growth with Addition of State-of-the-Art RFID Company

Dépèche transmise le 12 janvier 2012 par Business Wire

Probe Continues Its Unprecedented Growth with Addition of State-of-the-Art RFID Company

Probe Continues Its Unprecedented Growth with Addition of State-of-the-Art RFID Company

IRVINE, Calif.--(BUSINESS WIRE)--Probe Manufacturing, Inc., (OTC QB : PMFI), A Global Electronics Design and Manufacturing Services Company, announced today that it has been selected to provide end-to-end manufacturing services to a company set to revolutionize RFID technology.

“We look forward to working with this new innovative and industry-leading technology customer and providing them with our global design and manufacturing solutions.”

It’s an honor to be chosen by a company with breakthrough wireless technology enabling organizations to use inexpensive UHF passive RFID tags for real-time location tracking that produces enormous economic advantages to supply chain management and asset tracking applications across a broad range of industries.

PMI will be providing end-to-end manufacturing solutions including system integration; test and box build to this new customer. The initial order was for $80K and shipped in the fourth quarter of 2011. PMI recently received an additional $100,000 order which will ship in the first quarter of 2012.

Latest RFID forecasts from ABI Research indicate that the value of the overall market will surpass $6 billion in 2012, including both traditional applications such as access control, automobile immobilization, electronic toll collection and e-ID/ID documents, as well as, “modernizing” applications such as animal IDs, asset management, baggage handling, cargo tracking/security, contactless payment and ticketing, RTLS, and supply chain management.

“This new partnership will assist PMI in expanding its expertise in the RFID industry,” said Kam Mahdi, CEO of PMI. “We look forward to working with this new innovative and industry-leading technology customer and providing them with our global design and manufacturing solutions.”

“As we commence the 1st Qtr of 2012, we have an existing backlog of 1.1 million toward our 1st Qtr revenue which illustrates the increasing demand for PMI’s services,” said John Bennett, CFO of PMI.

About Probe Manufacturing, Inc.

Probe Manufacturing is a global electronics design & manufacturing services company providing innovators with business services through our factory in California as well as factories Worldwide. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, renewable energy and automotive industries since 1994. Probe’s common stock is traded on the OTC Market QB under the symbol PMFI. Further information is available on Probe’s website: www.probeglobal.com.

This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to whether Probe’s business strategy to become a global EMS provider will be financially beneficial to the Company; whether this new customer will be profitable to the Company; whether the RFID industry will grow as expected in 2012; and whether Probe can meet the demand and backlog of the first quarter of 2012. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties regarding changes in the EMS industry; uncertainties regarding changes in the RFID industry; the uncertainties relating to the implementation of our global business strategy; and other risk factors as outlined in the company’s periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Business Wire

Les plus belles photos d'avions
Douglas DC-7C Seven Seas (EC-BBT) Learjet 35A (D-CGFC) ATR72-600 (ATR72-212A) (F-WWEV) Airbus A330-303 (F-WWCN) ATR72-600 (ATR72-212A) (F-WWLV) Airbus A330-222 (CS-TOF)