Business Services Industry
EMRISE Corporation Receives $200,000 Initial Order for Power Supplies for U.S. Black Hawk Helicopter
Business Wire, March 25, 2008
RANCHO CUCAMONGA, Calif. -- EMRISE CORPORATION (NYSE Arca:ERI), a designer, manufacturer and marketer of proprietary electronic devices and communications equipment for aerospace, defense, industrial, and communications applications, today announced that it has received an initial order of approximately $200,000 for power supplies for the U.S. Army's UH-60 Black Hawk helicopter.
EMRISE President and Chief Executive Carmine T. Oliva said that the order is the first of what the Company believes will be a number of orders for the Black Hawk helicopter program. Deliveries of this initial order are expected to ship within the next 90 days.
The order was received by the Company's subsidiary, RO Associates, Inc. (ROA), located in Sunnyvale, Calif. ROA manufactures and markets power supply products for the U.S. military and aerospace markets. The addition of products through the acquisition of ROA in September 2005 complements EMRISE's existing line of power supply products for military and commercial aerospace, industrial and communications markets in the U.S., Europe and Asia.
"We are very pleased to be awarded this new order for the UH-60 Black Hawk helicopter," Oliva said. "We expect to capture further business on this and other Black Hawk-related programs in the future and view this order as an important strategic win for EMRISE. Because of the combined technology and capability of our multi-national group of power supply companies we are now beginning to realize potential for deeper penetration into U.S., European and Asian markets for all EMRISE products."
Oliva added that, since acquiring ROA, EMRISE has shifted the subsidiary's strategic focus to power supplies for hostile-environment aerospace and military programs. Oliva said he believes that these orders are solid evidence of the success of the Company's strategy for the U.S. market, as ROA's backlog is now at record levels since being acquired.
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; RF and microwave transmission; digital and rotary switching; and network access, including timing and synchronization of communications networks carrying wireline, wireless, and cable data, voice, and video. Primary growth driver applications for EMRISE products include commercial avionic "In-Flight Entertainment and Communications" products and communications "Network Timing and Synchronization" equipment. EMRISE serves customers in North America, Europe and Asia through operations in the United States, England, France and Japan. The Company has built a worldwide base of customers including all 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 without limitation EMRISE's ability to successfully complete and ship new power supply contracts in support of the UH-60 Black Hawk helicopter within the next 90 days, ability for ROA to successfully implement a strategy to focus on harsh environment aerospace and military programs, ability to maintain record backlog levels at ROA or to successfully ship against such backlog in a timely manner, ability for the recent Black Hawk military orders referenced to lead to further business on this or other Black Hawk programs, ability for ROA increase its stature in the military and aerospace markets and ability for the multi-national group of EMRISE companies to support broader penetration into both U.S. and European markets for all EMRISE products are all forward-looking statements 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, unforeseen technical issues at EMRISE, its customers or its vendors, failure of EMRISE customers to accept products in the manner or timeframe expected, quality issues, failure of EMRISE products to perform according to customer required specifications, ability for EMRISE to further penetrate military or aerospace markets, and those factors contained in the "Risk Factors" Section of the Company's Form 10-K for the year ended December 31, 2006, and other Company filings.
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