Business Services Industry
Orbit International's Power Group Receives New Order Valued at Approximately $400,000 for Turkish Air Force Program
Business Wire, May 15, 2008
Follow-On Production Orders Could Exceed an Additional $600,000
HAUPPAUGE, N.Y. -- Orbit International Corp. (NASDAQ:ORBT), an electronics manufacturer, systems integrator and software solution provider, today announced that its Power Group, Behlman Electronics, Inc. ("Behlman") has received a new order for its custom division, valued at approximately $400,000, for two types of our Custom Commercial Off-The Shelf (COTS) DC power supplies for use in a Turkish Air Force thermal imaging system. Expected deliveries under this order consist of qualification units scheduled for the fourth quarter of 2008 and production units to be delivered approximately 150 days after qualification unit approval.
The units to be delivered are based on Behlman's DCS series of Custom COTS power supplies that are used in a number of U.S. military ground based, mobile, shipboard and airborne applications. The customer has indicated there is a minimum potential for follow-on production orders that are estimated to exceed $600,000.
Mark Tublisky, President of Behlman Electronics, Inc., stated, "The business strategy of Behlman's custom division remains focused on developing business opportunities by providing power solutions to our customers by utilizing proven COTS power solution platforms modified for specific requirements. We are encouraged that our last two major COTS orders have supported international sales opportunities and we believe there is a growing international marketplace for our products."
Dennis Sunshine, President and Chief Executive Officer of Orbit International Corp., commented, "Behlman's business continues to be strong after its milestone 2007 booking performance. It has been a longstanding successful international supplier of power sources through its commercial division and is now achieving similar success through its custom division. We remain confident that our COTS platform business strategy combined with favorable currency translation rates will enhance the growth of our custom division through increased sales within the expanding international marketplace."
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, Quakertown, Pennsylvania and Louisville, Kentucky. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and associated analytical equipment. The Behlman military division designs, manufactures and sells power units and electronic products for measurement and display.
Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, but not limited to, statements regarding any acquisition proposal and whether such proposal or a strategic alternative thereto may be considered or consummated; 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 including all guidance amounts, 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 and its registration statement on Form S-3 containing a final prospectus dated January 11, 2006. 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.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions



