Emrise Corporation is an international manufacturer of defense and aerospace electronic devices and subsystems and telecommunications equipment. The company is organized in two operational groups, electronic devices and telecommunications. Emrise’s electronic devices group, which comprises EEC Corporation and its international subsidiaries, provides custom power conversion products, subsystem assemblies and RF and microwave devices and subsystems to the global electronic components market primarily for defense, aerospace and industrial applications. Emrise’s telecommunications group, consisting of CXR Larus and its subsidiary CXR Anderson Jacobson provides network access products, test equipment and synchronisation and timing systems to the telecommunications industry worldwide. Founded in 1983, the Company operates out of facilities in the U.S., France and the U.K.
Emrise's electronic devices group service a deverse customer base with applications including aircraft cockpit heads up displays and other aerospace solutions for projects such as "Stealth" and other fixed and rotary wing military aircraft as well as applications such as In flight Entertainment Systems for commercial aircraft such as Boeing and Airbus. In addition, EEC provides a wide array of solutions for many other non-aerospace commercial and industrial applications.
CXR Larus, the group's US-based telecommunications subsidiary, designs, manufactures and markets and timing and synchronisation systems and telecommunications test instruments. It offers a broad product line to the telecommunications market, providing a range of high-performance analogue and digital test instruments for the installation, maintenance and monitoring of network services and a range of sophisticated synchronisation and timing systems to meet the needs of the telecommunication infrastructure. Products are sold to the public carriers, independent telephone companies, private corporations, public utilities, transport and governmental and other communications network applications in the USA and around the world.
CXR Anderson Jacobson the group's France-based telecommunications subsidiary, designs, manufactures and markets a complete range of network access products from IP to TDM including a range of high speed multiplexers, a range of secure encrypted devices for POS and Military applications, DSL products, ISDN products, interface converters (CSU, DSU), channel banks, remote access servers, terminal servers and routers. These products are offered as freestanding units or in managed configurations using Simple Network Management Protocol and, most recently, Internet Protocol. The equipment is employed by businesses, government agencies and others to transmit data, voice and video within local area and wide area networks.
We pursue a product and geographic diversification strategy, balancing the risks of each of our business segments. We accomplish this by operating international business units to maximize the return on our international presence in the U.S. and Europe and also by identifying markets where we have specific expertise. Our strategy is to increase revenue and earnings, while continuing to focus on refining our core businesses which are (i) electronic devices including RF and microwave devices and custom power supplies and (ii) communications equipment including network access systems and network timing and synchronization equipment. In order to do so, EMRISE is implementing the following three-point growth strategy:
Focus on the continued development of our core electronic devices business within the defense and commercial aerospace market through the introduction of new, unique and market leading products, the development of our existing customer base and the expansion of geographical markets.
Focus on the development of an expanded range of synchronization and timing systems for the U.S. and international markets while supplementing our line of transmission and network access products with higher bandwidth technologies and building on our knowledge and experience of secure encryption to address new markets and broaden product application through added features.
Expand through mergers and/or acquisitions which provide synergistic opportunities to leverage our existing product and customer base while at the same time selling or disposing of non-core businesses or product lines that are inconsistent with our higher growth core businesses.
Our overall business strategy is to provide high quality service to our customers, to provide timely products that solve the needs of our customers, and to promptly react to changes in the marketplace. We believe that our relatively small size (as compared to many of our competitors), our relatively quick time from development to production, and our unique technology and product offerings provide us with a strategic advantage in this regard. Additionally, we are focusing our product offerings within high growth markets such as high volume military programs, IFE&C, Edge Network communications timing and synchronization and other network access applications. We have built a worldwide base of customers, including many of the Fortune 100 companies in North America and many similar companies in Europe and Asia, which conduct business in markets served by EMRISE.
We plan to continue to expand our military and defense business, which has formed a large and stable platform for our electronic devices business. In particular, we plan to focus on high growth, high volume programs in the RF and microwave device areas, such as radar and signal jamming applications. In addition, we plan to continue to seek opportunities for synergistic and accretive acquisitions