Press Releases
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EMRISE ANNOUNCES 2013 FIRST QUARTER RESULTS
DURHAM, NC – May 13 2013 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced financial results for its first quarter ended March 31, 2013.
EMRISE RECEIVES $1.5 MILLION ELECTRONIC DEVICES ORDER FOR IN-FLIGHT ENTERTAINMENT AND CONNECTIVITY (IFE&C) SYSTEMS
Brings Total Value of Orders Announced in Last Month to $2.7 Million; Airline Industry Demand for IFE&C Systems Continues to be Strong
DURHAM, NC – May 8, 2013 – EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $1.5 million order for electronic devices and subsystems to be used in In-Flight Entertainment and Connectivity (IFE&C) systems to be installed in commercial aircraft.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2013 FIRST QUARTER RESULTS AND CONFERENCE CALL
DURHAM, NC – May 7, 2013 - EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it plans to release its financial results for its first quarter ended March 31, 2013, on Monday, May 13, 2013, before the market opens and plans to host a conference call at 11:30 a.m. Eastern Daylight Time that same day.
EMRISE RECEIVES $1.0 MILLION ORDER FOR RADIO FREQUENCY SYSTEMS FOR COMMERCIAL MARINE APPLICATION
DURHAM, NC – April 16, 2013 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $1.0 million order for radio frequency (RF) systems from a major international marine services supplier of electronic systems for identifying and marking marine shipping channels and marine hazards. Deliveries against the order are expected to begin in late 2013 and continue through 2014.
EMRISE RECEIVES $1 MILLION NETWORK ACCESS PRODUCTS ORDER TO BE INSTALLED IN TELEPHONE NETWORK IN THE UNION OF THE COMOROS
DURHAM, NC – April 9, 2013 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received an order for approximately $1 million in network access products to be installed in a telephone network operated by a public carrier in the Union of the Comoros. The Union of the Comoros is a small island nation located less than 200 miles off the East coast of Sub-Saharan Africa between the island of Madagascar and northern Mozambique.
EMRISE ANNOUNCES 2012 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS
DURHAM, NC – March 28, 2012 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced its financial results for the fourth quarter and full year ended December 31, 2012.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2012 FOURTH QUARTER AND YEAR-END RESULTS AND CONFERENCE CALL
DURHAM, NC – March 26, 2013 - EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it plans to release its financial results for its fourth quarter and year ended December 31, 2012, on Thursday, March 28, 2013, before the market opens and plans to host a conference call at 11:30 a.m. Eastern Daylight Time that same day.
EMRISE RECEIVES $1.2 MILLION ELECTRONIC DEVICES ORDER FOR IN-FLIGHT ENTERTAINMENT AND CONNECTIVITY (IFE&C) PRODUCTS
DURHAM, NC – March 14, 2013 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $1.2 million order for electronic devices to be used in In-Flight Entertainment and Connectivity (IFE&C) systems to be installed in commercial aircraft. The order was received from a longstanding customer by the Company’s Pascall Electronics Ltd. subsidiary in England. Shipments of the order are expected to commence in the fourth quarter of 2013 and continue through 2014.
EMRISE CORPORATION UK SUBSIDIARY PURCHASES PREVIOUSLY LEASED BUILDING IN ENGLAND
Engineering & Manufacturing Facility for Company’s Pascall Electronics Subsidiary
DURHAM, NC – March 7, 2013…EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that on March 4, 2013, it completed the purchase of the building and land that houses the Company’s Pascall Electronics, Ltd. subsidiary located in Ryde, on the Isle of Wight in England. The purchase price for the 35,000 square foot building was £1.8 million (approximately US$2.7 million). Pascall Electronics had previously leased the building and land for approximately 15 years.
EMRISE CORPORATION NAMES MARTIN BLAKE MANAGING DIRECTOR OF UK-BASED PASCALL ELECTRONICS SUBSIDIARY
Brings International Experience in High Technology Product Development, Manufacturing,Operations, Sales and Marketing
DURHAM, NC – February 28, 2013…EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that veteran engineering, product development and operations executive Martin Blake has been named Managing Director of Pascall Electronics, Ltd., a UK-based subsidiary that is part of the Company’s Electronic Devices business segment.
EMRISE CORPORATION NAMES TIMOTHY J. BLADES CHIEF FINANCIAL OFFICER, TREASURER
Experienced International Financial Executive Assumes Roles as Fulltime Employee
DURHAM, NC – February 5, 2013…EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that veteran international financial executive Timothy J. Blades has been named its Chief Financial Officer and Treasurer and joined the Company as a fulltime employee, effective immediately. Blades had previously served as the Company’s interim Director of Finance since March 6, 2012. He remains Principal Accounting Officer and Corporate Secretary, which are positions he has held on an interim basis since March 2012. Blades will continue to report to Chief Executive Officer Carmine T. Oliva.
EMRISE ANNOUNCES $350,000 ORDER FOR CUSTOM-BUILT POWER SUPPLIES TO BE USED IN MILITARY APPLICATION
DURHAM, NC – December 18, 2012 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced a $350,000 order for custom-built power supplies to be used in a military application. The order was secured from a longstanding customer and is expected to ship complete in 2013.
EMRISE CORPORATION ANNOUNCES $370,000 ORDER FOR NETWORK ACCESS EQUIPMENT FOR HARSH ENVIRONMENTS
Continues Roll Out of New Products; Result of Focus on Strategically Important Utilities Markets
DURHAM, NC – December 5, 2012 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced a $370,000 order for a 3G/WiFi autonomous gateway product to be used in a harsh field environment in a new application by a large European electric utility. The order, which was secured from a longstanding customer, is expected to ship complete in the fourth quarter of 2012.
EMRISE ANNOUNCES $400,000 ORDER FOR CUSTOM-BUILT POWER SUSUPPLIESTO BE USED IN MILITARY APPLICATION
DURHAM, NC – November 28, 2012 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced a $400,000 order for custom-built power supplies to be used in a military application. The order was secured from a longstanding customer and is expected to ship complete in 2013.
EMRISE CORPORATION SHARES NOW QUOTED ON OTCQB WITH REAL-TIME LEVEL 2 BID AND ASK INFORMATION
Provides Investors Greater Pricing Transparency and Information on Available Trading Liquidity
DURHAM, NC – November 15, 2012…EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that its shares are now trading on the OTCQB marketplace with the display of complete real-time Level 2 bid and ask price and size data. The real-time Level 2 data is being provided by EMRISE through its subscription to OTC Markets Group’s Real-Time Level 2 Quote Display product. The Real-Time Level 2 Quote display will also be available to stockholders and potential investors on the Stock Quote page of the Investor Relations section of the EMRISE CORPORATION web site.
EMRISE ANNOUNCES 2012 THIRD QUARTER, NINE-MONTH FINANCIAL RESULTS
Reports Operating and Net Income for the Quarter;
Significant Year-Over-Year Reduction in Year-to-Date Operating and Net Loss
DURHAM, NC – November 14, 2012 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced its financial results for its third quarter and nine months ended September 30, 2012, reporting significant year-over-year improvements in operating income and net income for both periods.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2012 THIRD QUARTER AND NINE-MONTH RESULTS AND CONFERENCE CALL
DURHAM, NC – November 8, 2012 - EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it plans to release its financial results for its third quarter and nine months ended September 30, 2012, on Wednesday, November 14, 2012, before the market opens and plans to host a conference call at 11:30 a.m. Eastern Standard Time that same day.
EMRISE CORPORATION PROVIDES OPERATIONAL UPDATE
Consolidated Results Negatively Impacted by Continued Weakness in U.S.Communications Business, Exchange Rate Fluctuations; Business Units in England and France Remain on Plan
DURHAM, NC – September 26, 2012…EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that due to continued weakness in the performance of its U.S.Communications Equipment business unit, and the significant projected impact of currency exchange rate fluctuations on consolidated revenues, the Company expects 2012 revenues will be similar to 2011 revenues and will not increase by the 11 percent to 14 percent as previously forecasted. However, its three principal business units in England and France continue to grow and perform as expected in the Company’s 2012 operating plan as denominated in their local currencies.
EMRISE CORPORATION TO PRESENT AT REMOTE MONITORING & CONTROL 2012 CONFERENCE
Prestigious Conference Addresses World Utilities Markets, a Key EMRISE Focus
DURHAM, NC - September 13, 2012…EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that Company management will be presenting at the Remote Monitoring and Control 2012 conference Sept. 18-19 in Denver. The conference focuses on the leading advancements for the monitoring of distributed equipment and facilities, remote assets, infrastructure, automated processes and system controls and device networks.
EMRISE CORPORATION TO PRESENT AT THE RODMAN & RENSHAW ANNUAL GLOBAL INVESTMENT CONFERENCE
DURHAM, NC - September 4, 2012…EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that its Chairman and CEO Carmine T. Oliva is scheduled to make an investor presentation at the Rodman & Renshaw Annual Global Investment Conference as part of the Growth/Special Situations Track at 9:35 am Eastern Time on Monday, September 10, 2012. The conference is being held September 9-11 at The Waldorf-Astoria in New York City.
EMRISE CORPORATION LAUNCHES NEW NETWORK ACCESS PRODUCT
Receives First Order for Strategically Important New Product from Large European Public Utility
DURHAM, NC – August21, 2012…EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has launched a strategically important new network access product and received its first order for the product valued at approximately $360,000 (€290,000)from a large public utility in Europe. The prototype of this new product was delivered to this customer earlier in 2012 and EMRISE expects to begin deliveries of this production order for the new product in the fourth quarter of 2012.
EMRISEANNOUNCES 2012 SECOND QUARTER, SIX-MONTH Financial Results
Net Sales Up 27% and 10%,Respectively; Reports Quarterly Profit;
Reconfirms Financial Guidancefor 2012
DURHAM, NC – August14, 2012 – EMRISE CORPORATION (OTCBB: EMRI), a multi-nationalmanufacturer of defense and aerospace electronic devices and communicationsequipment, today announced significantly improved financial results for theCompany’s second quarter and first six months ended June 30, 2012. Chairman and CEO Carmine T. Oliva said theexecution of EMRISE’s turnaround strategy remained on track as the Company continuedto make considerable operational and financial progress during the secondquarter and first six months of this year.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2012 SECOND QUARTER AND SIX-MONTH RESULTSAND CONFERENCE CALL
DURHAM, NC – August 8, 2012 - EMRISECORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense andaerospace electronic devices and communications equipment, announced today thatit plans to release its financial results for its second quarter and first sixmonths ended June 30, 2012, on Tuesday, August 14, 2012, before the marketopens and plans to host a conference call at 11:30 a.m. Eastern Daylight Timethat same day.
EMRISE CORPORATION ANNOUNCES RESULTS OF 2012 ANNUAL STOCKHOLDERS’ MEETING
DURHAM, NC– July 26, 2012 – EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it held its 2012 annual meeting of stockholders at 11:30 am EDT on Tuesday, July 24, 2012, at the DoubleTree Hotel in Newark, NJ, as previously scheduled. Stockholders of record of EMRISE common stock at the close of business on June 19, 2012, the record date for the 2012 annual meeting, were entitled to notice of and to vote at the 2012 annual meeting or at any adjournments and postponements of the meeting. A quorum of stockholders was present at the meeting with 85.2 percent of the Company’s stockholders voting in person or by proxy.
EMRISE RECEIVES $1.5 MILLION ELECTRONIC DEVICES ORDER FOR IN-FLIGHT ENTERTAINMENT AND CONNECTIVITY (IFE&C) SYSTEMS
Major IFE&C Orders Received in 2012 Exceed $8.0 Million;Up Approximately 144% from Comparable 2011 Period
DURHAM, NC - July 18, 2012 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $1.5 million order for electronic devices and subsystems to be used in In-Flight Entertainment and Connectivity (IFE&C) systems for commercial aircraft. This order follows a recent $5.4 million order for electronic devices to be used in IFE&C systems and increases the total value of major electronic device orders for IFE&C systems booked to date in 2012 to more than $8.0 million.
EMRISE MAKES FINAL NOTE PAYMENT TO FORMER PRIMARY LENDER IN U.S.; RECEIVES $275,000 DISCOUNT FOR EARLY PAYOFF OF NOTE
DURHAM, NC - July 3, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that on June 29, 2012, the Company made a $225,000 payment on its note with GVEC Resource IV Inc. and Private Equity Management Group LLC (PEM), its former primary lender in the U.S. As a result of the payment, EMRISE paid off the note eight months early and received a discount of $275,000 as called for in the amended terms of the note that were previously announced in February of this year.
TWO MAJOR INTERNATIONAL COMPANIES QUALIFY EMRISE'S NEW CIP-ALL PSEUDO-WIRE NETWORK ACCESS PRODUCTS
Company's Recently Launched CIP-ALL Range of Products
Connects Legacy Systems and Equipment to Ethernet, IP Networks
DURHAM, NC - June 26, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that its recently launched CIP-ALL product line has been qualified by a dominant European telecommunication company and a major European based international utility company. The Company's new, versatile network access product range was designed to connect legacy communications systems and equipment to latest Ethernet and Internet Protocol (IP) networks.
EMRISE RECEIVES $5.4 MILLION ELECTRONIC DEVICES ORDER FOR IN-FLIGHT ENTERTAINMENT AND CONNECTIVITY (IFE&C) SYSTEMS
Largest Order Received To-Date; Airline Industry Demand for IFE&C Systems Increasing
DURHAM, NC - June 7, 2012 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $5.4 million order for electronic devices and subsystems to be used in In-Flight Entertainment and Connectivity (IFE&C) systems to be installed in commercial aircraft. The order, which is the largest IFE&C order received to date by EMRISE, was secured from a large, longstanding customer by the Company's Pascall Electronics Ltd. subsidiary in England. Shipment of the order is expected to begin in this year's fourth quarter and continue through 2013.
EMRISE LAUNCHES NEW, VERSATILE TELECOMMUNICATIONS NETWORK ACCESS PRODUCT RANGE FOR ANALOG EMULATION OVER ETHERNET-IP
Products Support Complete Range of Analog Interfaces
DURHAM, NC - May 30, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today the launch of a new and versatile telecommunications network access product range solution that connects legacy analog-based equipment to the newest generation Ethernet and Internet Protocol (IP) networks.
EMRISE ANNOUNCES 2012 FIRST QUARTER FINANCIAL RESULTS
Company Reconfirms Its Financial Guidance for 2012
DURHAM, NC - May 15, 2012 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced its financial results for the Company's first quarter ended March 31, 2012. The Company also announced it was reconfirming its previously announced full-year revenue and profit guidance for 2012.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2012 FIRST QUARTER RESULTS AND CONFERENCE CALL
DURHAM, NC - May 9, 2012 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it plans to release its financial results for its first quarter ended March 31, 2012, on Tuesday, May 15, 2012, before the market opens and plans to host a conference call at 11:30 a.m. Eastern Daylight Time that same day.
EMRISE CORPORATION APPOINTS TIMOTHY J. BLADES AS DIRECTOR OF FINANCE, PRINCIPAL ACCOUNTING OFFICER, CORPORATE SECRETARY
Veteran Financial Executive with Extensive International Experience
DURHAM, NC - April 27, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that veteran international financial executive Timothy J. Blades has been appointed Director of Finance, Principal Accounting Officer and Corporate Secretary. Since March 6, 2012, Mr. Blades has served, and continues to serve, in an interim finance position with EMRISE. He reports to Chief Executive Officer Carmine T. Oliva.
EMRISE RECEIVES $1.2 MILLION ELECTRONIC DEVICES ORDER FOR IN-FLIGHT ENTERTAINMENT AND CONNECTIVITY (IFE&C) SYSTEMS
Airline Industry Demand for IFE&C Systems Increasing
DURHAM, NC - April 2, 2012 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $1.2 million order for electronic devices and subsystems to be used in In-Flight Entertainment and Connectivity (IFE&C) systems to be installed in commercial aircraft. The order was received from a longstanding customer by the Company's Pascall Electronics Ltd. subsidiary in England and is expected to ship over a 12-month period starting in June 2012.
EMRISE ANNOUNCES 2011 YEAR END AND FOURTH QUARTER FINANCIAL RESULTS
Profitable Fourth Quarter;
2011 Net Sales up 14 percent Year-over-Year
DURHAM, NC - March 30, 2012 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced significantly improved financial results for its fourth quarter and year ended December 31, 2011.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2011 FOURTH QUARTER AND YEAR-END RESULTS AND CONFERENCE CALL
DURHAM, NC - March 26, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it plans to release its financial results for its fourth quarter and year ended December 31, 2011 on Friday, March 30, 2012, before the market opens and plans to host a conference call at 11:30 a.m. Eastern Daylight Time that same day.
EMRISE CORPORATION MAKES $500,000 PAYMENT TO LENDER UNDER TERMS OF RECENTLY AMENDED LOAN AGREEMENT
DURHAM, NC - March 8, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has made a $500,000 payment to GVEC Resource IV Inc. and Private Equity Management Group LLC (PEM), its former primary lender in the U.S. (collectively the Lender), as called for in the recently amended and announced terms of its $1 million interest bearing note (Note).
EMRISE CORPORATION AND LENDER AMEND LOAN TERMS,
ALLOWS PAYOFF OF REMAINING LOAN AT DISCOUNT OF UP TO 30%
DURHAM, NC - February 10, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has signed an agreement with GVEC Resource IV Inc. and Private Equity Management Group LLC (PEM), its former primary lender in the U.S. (collectively the Lender), to amend the terms of the existing $1 million interest bearing note (Note) that extends its due date to February 28, 2013, revises the principal repayment terms and includes provisions for the Company to receive a discount of up to 30 percent in consideration for early payment.
EMRISE CORPORATION AND LENDER AMEND LOAN TERMS, ALLOWS PAYOFF OF REMAINING LOAN AT DISCOUNT OF UP TO 30%
DURHAM, NC - February 10, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has signed an agreement with GVEC Resource IV Inc. and Private Equity Management Group LLC (PEM), its former primary lender in the U.S. (collectively the Lender), to amend the terms of the existing $1 million interest bearing note (Note) that extends its due date to February 28, 2013, revises the principal repayment terms and includes provisions for the Company to receive a discount of up to 30 percent in consideration for early payment.
EMRISE CORPORATION ANNOUNCES RESIGNATION OF BRANDI L. FESTA, INITIATES SEARCH IN U.S. AND ENGLAND FOR PRINCIPAL FINANCIAL OFFICER
DURHAM, NC - February 7, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that Brandi L. Festa, the Company's Director of Finance and Administration and Principal Financial and Accounting Officer, has resigned effective February 29, 2012, to accept the position of Chief Financial Officer at a company based near her home in Southern California. The Company also announced that it has initiated a search in the U.S. and England for a Principal Financial and Accounting Officer.
EMRISE CORPORATION SEES FURTHER GROWTH IN EUROPEAN UTILITY MARKET WITH ADDITIONAL SALES OF $1 MILLION OF COMMUNICATIONS EQUIPMENT
Result of Company's Strategy to Increase Penetration of Utility Markets
DURHAM, NC - January 25, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has sold $1 million (€800,000) of communications equipment to an existing, key European utility customer. Approximately one half of the communications equipment sold was shipped late in 2011 with the balance of the equipment to be shipped in the first quarter of 2012.
EMRISE RECEIVES $1.2 MILLION ORDER FOR EQUIPMENT TO BE USED IN IN-FLIGHT ENTERTAINMENT AND CONNECTIVITY SYSTEMS
DURHAM, NC - January 4, 2012...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received an order valued at approximately $1.2 million (£750,000) for electronic devices to be used in In-Flight Entertainment and Connectivity (IFE&C) systems.
EMRISE CORPORATION RECEIVES $900,000 IN ORDERS FOR RADIO FREQUENCY SYSTEMS FOR COMMERCIAL MARINE APPLICATION
Orders Part of Long-Running Program of Supplying Systems for Navigational Aids
DURHAM, NC - December 7, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received additional orders valued at approximately $900,000 (£591,000) from a major international marine services provider for electronic systems for identifying and marking marine (shipping) channels and marine hazards. Deliveries against these new orders are expected to begin in the second quarter of 2012 and be completed by the end of 2012.
EMRISE CORPORATION RECEIVES $630,000 CUSTOM POWER SUPPLY ORDER FOR U.S. MILITARY ARMORED VEHICLES
Follow-on Order Part of Long-Running Strategic Program
DURHAM, NC - November 21, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received a follow-on order valued at approximately $630,000 (£394,000) from a large international customer for custom modular power supplies to be used in a long-running U.S. military armored vehicle program. Delivery of the order is expected to begin in early 2012.
EMRISE ANNOUNCES IMPROVED 2011 THIRD QUARTER,NINE-MONTH FINANCIAL RESULTS
Major Reduction in Loss from Continuing Operations; Year-Over-Year Net Sales Up 16% and 13%, Respectively
DURHAM, NC - November 14, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced financial results for its third quarter and nine months ended September 30, 2011. Revenues for this year's third quarter increased 16 percent from the third quarter of 2010 and 30 percent from the second quarter of 2011. The Company also significantly reduced its loss from continuing operations for the 2011 third quarter, which reflected a $1.3 million, or 96 percent, year-over-year improvement from the sizeable loss reported in the 2010 third quarter.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2011 THIRD QUARTER AND NINE-MONTH RESULTS AND CONFERENCE CALL
DURHAM, NC - November 8, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it plans to release its unaudited financial results for the quarter ended September 30, 2011 on Monday, November 14, 2011, before the market opens and plans to host a conference call at 11:30 a.m. Eastern Standard Time that same day.
EMRISE CORPORATION SELECTS RODMAN & RENSHAW LLC
AS FINANCIAL ADVISOR IN THE U.S.
Rodman to Assist with Strategic Business Plans Designed to Grow Company, Enhance Shareholder Value
DURHAM, NC - September 22, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced it has selected Rodman & Renshaw, LLC (Rodman), a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), as its exclusive financial advisor in the United States. Rodman has been engaged to support the Company's growth strategy by assisting EMRISE in identifying and negotiating potential strategic merger, acquisition or alliance targets, by providing general financial advisory and support services as EMRISE executes its ongoing strategic business plans designed to grow the Company and enhance shareholder value.
EMRISE RECEIVES FINAL DOCUMENTATION FOR €1.2 MILLION ($1.7 MILLION) COMMUNICATIONS EQUIPMENT ORDER FOR NETWORK
IN FRENCH-SPEAKING NORTH AFRICA
DURHAM, NC - September 12, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced it has received final documentation for a Communications Equipment order valued at approximately €1.2 million ($1.7 million) for the manufacture and delivery of fiber-optic modems to be used in a communications network in French-speaking North Africa. The order was received by EMRISE's Communications Equipment subsidiary in Europe. With the recent receipt of the final documentation, the order is expected to be shipped to the customer within the next 30 to 45 days.
EMRISE CORPORATION TO PRESENT AT THE RODMAN & RENSHAW
ANNUAL GLOBAL INVESTMENT CONFERENCE
DURHAM, NC - September 7, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that management is scheduled to make an investor presentation at the Rodman & Renshaw Annual Global Investment Conference as part of the Growth/Special Situations Track on Tuesday, September 13, at 9:10 am Eastern Time. The conference is being held September 11-13 at The Waldorf-Astoria in New York City.
EMRISE ANNOUNCES SECOND QUARTER AND FIRST HALF 2011 FINANCIAL RESULTS
Year-Over-Year Net Sales Up 7% and 11%, Respectively; Backlog Strong at $31 million
DURHAM, NC - August 15, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced its financial results for its second quarter and six months ended June 30, 2011.
EMRISE CORPORATION ANNOUNCES DATE FOR RELEASE OF 2011 SECOND QUARTER AND SIX-MONTH RESULTS AND CONFERENCE CALL
DURHAM, NC - August 8, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it plans to release its unaudited financial results for the quarter ended June 30, 2011 on Monday, August 15, 2011, before the market opens and plans to host a conference call at 11:30 a.m. Eastern Daylight Time that same day.
EMRISE RECEIVES ORDERS FOR $2 MILLION OF CUSTOM ELECTRONIC DEVICES FOR INTERNATIONAL AVIATION PROGRAM
Contributes to Growing Backlog of Orders for Delivery in 2012 and Beyond
DURHAM, NC - July 26, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that it has received orders for approximately $2 million to manufacture and deliver custom electronic devices to be used in an international aviation program.
EMRISE COMMENTS ON RECENT ORDER CANCELLATION; RECONFIRMS 2011 FULL-YEAR REVENUE GUIDANCE AND OUTLOOK FOR PROFIT IN SECOND HALF OF THIS YEAR
DURHAM, NC - July 18, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today said that it recently received written confirmation of the cancellation of a two-part, $1.2 million order for products to be used in an international military program, which was noted during the Company's 2011 first quarter results conference call. EMRISE Chairman and CEO Carmine T. Oliva said despite the cancellation of the order from a major military systems integrator, EMRISE is able to reconfirm both its 2011 full-year revenue guidance of $33 to $35 million and its previously announced expectation that the Company will be profitable in the last half of this year.
EMRISE CORPORATION ANNOUNCES RESULTS OF 2011 ANNUAL STOCKHOLDERS' MEETING
DURHAM, NC- June 29, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it held its 2011 annual meeting of stockholders at 11:30 am EDT on Friday, June 24, 2011, at the SpringHill Suites by Marriott in Newark, NJ, as previously scheduled. Stockholders of record of EMRISE common stock at the close of business on May 17, 2011, the record date for the 2011 annual meeting, were entitled to notice of and to vote at the 2011 annual meeting or at any adjournments and postponements of the meeting. A quorum of stockholders was present at the meeting in person or by proxy.
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