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Orbit International’s Power Group Receives New Order Valued at $877,000

Dépèche transmise le 2 février 2012 par Business Wire

Orbit International’s Power Group Receives New Order Valued at $877,000

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Orbit International Corp. (NASDAQ: ORBT) (“Orbit”) today announced that its Power Group, through its Behlman Electronics, Inc. subsidiary (“Behlman”), received a new production order for its COTS Division valued at $877,000.

This COTS power supply is for an ongoing land-based satellite communications system program for which Behlman expects to continue to receive orders in 2012 and beyond. This is the fourth production order for this power supply and it represents the single largest order for these units received to date. Deliveries under this order are expected to begin in the third quarter of 2012 and continue through the first quarter of 2013.

Ronald Storm, Behlman’s Vice President of Sales and Marketing commented, “Behlman’s business remains strong across both our COTS and Commercial Divisions. The receipt of repeat production orders such as this one further validates Behlman’s business model, which emphasizes flexible designs, individualized engineering support, and superior customer service. In addition to Behlman’s niche business in COTS power solutions, we are committed to the development of standard products for both our Commercial and COTS Divisions which will form the basis of new product platforms to drive Behlman’s continuing growth in the coming years.”

Mitchell Binder, President and CEO of Orbit commented, “After a record year of bookings for our Power Group in 2011, Behlman’s total orders for the month of January exceeded $1.9 million. With a record backlog entering 2012 and this strong start in the month of January, we are confident that Behlman is well positioned for strong operating performance in the current year.”

Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications through its production facilities in Hauppauge, New York, and Quakertown, Pennsylvania; and designs and manufactures combat systems and gun weapons systems, provides system integration and integrated logistics support and documentation control at its facilities in Louisville, Kentucky. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and COTS power solutions.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding our expectations of Orbit’s operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.

Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit's filings with the Securities and Exchange Commission including quarterly reports on Form 10-Q, current reports on Form 8-K, annual reports on Form 10-K and its other periodic reports. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.