- EMRISE CORPORATION ANNOUNCES RESULTS OF ANNUAL STOCKHOLDERS’ MEETING
EATONTOWN, NJ – June 26, 2009 – EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that it held its
annual meeting of stockholders at 11:30 am EDT on June 25, 2009, at
the Staybridge Suites in Eatontown, NJ. Approximately 83% of the
Company’s stockholders were present in person or by proxy at the
meeting.
- EMRISE CORPORATION APPOINTS BOENNING & SCATTERGOOD, INC. AS FINANCIAL ADVISOR
Boenning to Assist With Strategic Business Plans Designed to Enhance
Shareholder Value
EATONTOWN, NJ – June 24, 2009 – EMRISE
CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense
and aerospace electronic devices and communications equipment, today
announced that it has engaged Boenning & Scattergood, Inc.
(“Boenning”) as its exclusive financial advisor to support the
Company’s growth strategy by assisting EMRISE in identifying and
negotiating potential strategic merger, acquisition or alliance
targets, by assisting EMRISE in securing a new line of credit, and by
providing general financial advisory and support services as EMRISE
executes its ongoing strategic business plans designed to enhance
shareholder value.
- EMRISE COMPLETES RELOCATION OF CORPORATE HEADQUARTERS, REDUCES ANNUALIZED
COSTS BY ADDITIONAL $1 MILLION
Move to Existing New Jersey
Facility Locates Headquarters Closer to Principal North American and
European Operations and Markets
EATONTOWN, NJ – May 19,
2009 – EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced that it has completed the
relocation of its corporate headquarters from its prior location in
Rancho Cucamonga, CA to the existing facilities of its largest
domestic subsidiary located in Eatontown which will result in
additional annualized cost savings of approximately $1 million and
facilitate improvements in operating efficiency. EMRISE will remain a
Delaware corporation.
- EMRISE CORPORATION ANNOUNCES 2009 FIRST QUARTER FINANCIAL RESULTS
34% Year-Over-Year Increase in Net Sales from Continuing Operations
RANCHO CUCAMONGA, Calif. – May 14, 2009 – EMRISE CORPORATION (NYSE Arca: ERI),
a multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced financial
results for the first quarter ended March 31, 2009.
- EMRISE CORPORATION PLANS TO RELEASE 2009 FIRST QUARTER RESULTS AND HOLD
CONFERENCE CALL ON MAY 14
RANCHO CUCAMONGA, CALIFORNIA – May 07, 2009…EMRISE CORPORATION (NYSE
Arca: ERI), 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 first
quarter ended March 31, 2009, before the market opens on Thursday, May
14, 2009, and plans to host a conference call at 11:30 a.m. Eastern
Daylight Time that same day.
- EMRISE CORPORATION APPOINTS BDO SEIDMAN LLP TO BE NEW AUDITORS
RANCHO
CUCAMONGA, California – May 5, 2009 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
it has appointed BDO Seidman, LLP as its independent registered public
accountants to audit the Company’s consolidated financial statements,
replacing Hein & Associates LLP. The change in auditors was
recommended by the Company’s audit committee and was effective April
30, 2009.
- EMRISE ANNOUNCES NEARLY $2 MILLION IN ANNUALIZED PROFIT IMPROVEMENT THROUGH
COMPANYWIDE PROGRAM AIMED AT STREAMLINING OPERATIONS AND REDUCING COST
Realignment of All Business Units Expected to Increase Efficiency without
Impacting Growth
RANCHO CUCAMONGA, California - April 27, 2009
- EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer
of defense and aerospace electronic devices and communications
equipment, today announced that it has implemented a companywide
program to streamline its operations and reduce costs throughout all
of its operating business units in the U.S., the U.K. and France that
is expected to achieve annualized cost savings approaching $2 million.
The program, which includes headcount reductions and other cost saving
initiatives, is designed to eliminate redundancies and increase
operating efficiency in all business units, without impacting the
Company’s ability to grow.
- EMRISE RECEIVES $850,000 ORDER FOR CUSTOM POWER SUPPLY UNITS FOR MARINE
APPLICATION IN EUROPE
For Ongoing Support of Systems
Currently in Service, Part of Multi-Year Program
RANCHO
CUCAMONGA, California - April 21, 2009 - EMRISE CORPORATION (NYSE
Arca: ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
it has received an $850,000 follow-on order for custom power supply
units to be used in a shipboard application for a multi-year marine
program in Europe. The order, which was received from a prime
multi-national customer, is for the continuing support of systems
currently in service and is to be delivered during 2009 and 2010.
- EMRISE CORPORATION ANNOUNCES 2008 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS
Quarterly and Full-Year Sales Reach Record Levels, Up 20% and 16%
Year-Over-Year
RANCHO CUCAMONGA, CALIFORNIA – April 15,
2009…EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced 2008 fourth quarter and
year-end financial results. The Company plans to file its Annual
Report on Form 10-K for the year-ended December 31, 2008 with the
Securities and Exchange Commission later today.
- EMRISE RECEIVES ADDITIONAL ORDER IN EXCESS OF $3 MILLION FOR RADIO FREQUENCY
DEVICES USED IN RCIED JAMMING SYSTEMS FOR U.S. MILITARY
Brings Total for RCIED Jamming Applications to More Than $7 Million
Since ACC Acquisition
RANCHO CUCAMONGA, California - April 14,
2009 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced that it has received an
additional order in excess of $3 million for radio frequency (RF)
devices used in radio-controlled improvised explosive device (RCIED)
jamming systems for the U.S. military. The order, which is part of a
major program, was received from a large, existing customer. Shipment
of the order is expected to be completed by the end of the 2009 second
quarter.
- EMRISE
CORPORATION RECEIVES $420,000 ORDER FOR RADIO FREQUENCY DEVICES
Program Expected to Exceed $1.25 Million in Orders in 2009
RANCHO
CUCAMONGA, California – April 1, 2009 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
it has received a $420,000 order for radio frequency (RF) devices,
which is the second release in a program that is expected to exceed
$1.25 million in 2009. The RF devices will be employed in
remote-controlled improvised explosive device (RCIED) jamming systems.
The order was received from an existing customer and is expected to
commence shipment immediately.
- EMRISE CORPORATION PLANS TO RELEASE AUDITED 2008 FOURTH QUARTER AND
FULL YEAR RESULTS AND HOLD CONFERENCE CALL ON APRIL 15
Company Will File Form 12b-25 with SEC for 15-Day Extension to File
Form 10-K
RANCHO CUCAMONGA, CALIFORNIA – March 31, 2009, EMRISE
CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense
and aerospace electronic devices and communications equipment,
announced today that it plans to release its audited financial results
for the fourth quarter and year ended December 31, 2008, before the
market opens on Wednesday, April 15, 2009, and plans to host a
conference call at 11:30 a.m. Eastern Daylight Time that same day.
- EMRISE CORPORATION SELLS ASSETS OF DIGITRAN SWITCH DIVISION AND STOCK OF XCEL
JAPAN LTD FOR UP TO $12 MILLION
Company to Focus on Core
Competencies; Reduces Acquisition Debt; Strengthens Balance Sheet
RANCHO CUCAMONGA, CA – March 20, 2009 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced the
sale of substantially all the assets of the Digitran Switch Division
of EMRISE Electronics Corporation, a subsidiary of EMRISE, and all the
capital stock of XCEL Japan Ltd., which primarily acts as a sales
office for the Digitran Switch Division, to Weymouth, MA-based Electro
Switch Corp. for up to $12-million in an all-cash transaction. At
closing, which occurred this morning, Electro Switch paid $11.5
million in cash. The terms of the sale also provide for an earn-out in
the amount of $500,000, payable in cash, based on achieving certain
revenue targets of the divested businesses during the nine months
following the closing of the transaction. Further details of the
transaction will be disclosed in a Form 8-K to be filed with the
Securities and Exchange Commission within four business days.
- EMRISE COMMENTS ON PERFORMANCE OF ITS ACC SUBSIDIARY
ACC Sales Up 81
% Over a Year-Ago
RANCHO CUCAMONGA, California – March 10, 2009
- EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer
of defense and aerospace electronic devices and communications
equipment, said today that for the six full months of operations ended
February 28, 2009, its Advanced Control Components, Inc (ACC)
subsidiary, acquired by EMRISE in August 2008, has met its six-month
business plan goals, which included increasing sales approximately 81
percent to $9.3 million from $5.1 million in the same year-ago period.
ACC, headquartered in Eatontown, NJ, is a supplier of high performance
radio frequency (RF) and microwave devices and subsystems serving the
military, aerospace, commercial and instrumentation markets.
- EMRISE RECEIVES $1 MILLION ORDER FOR RF FREQUENCY GENERATOR SUBSYSTEMS FROM
MAJOR INTERNATIONAL DEFENSE PRIME CONTRACTOR
For Use in an
Electronic Systems Application Onboard Navy Ships in Europe
RANCHO CUCAMONGA, California – February 24, 2009 - EMRISE CORPORATION
(NYSE Arca: ERI), a multi-national manufacturer of defense and
aerospace electronic devices and communications equipment, today
announced that it has received a $1 million order for RF (radio
frequency) frequency generator subsystems from a major international
defense prime contractor. This is a follow-on order for a new
generation frequency generator subsystem to be used in an electronic
systems application onboard navy ships in Europe. The design phase
will begin immediately with initial shipments of product scheduled to
begin in the first quarter of 2010.
- EMRISE RECEIVES $2.6 MILLION AWARD FROM FAA TO UPGRADE COMMUNICATIONS TEST
EQUIPMENT IN NATION’S AVIATION CONTROL NETWORKS
Three-Year Contract Calls for Second Quarter 2009
Deliveries
of Approximately $830,000
RANCHO CUCAMONGA,
California – January 29, 2009 - EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that it has been
awarded a $2.6 million, three-year contract by the Federal Aviation
Administration (FAA) to supply a custom featured version of the
Company’s Halcyon Universal Data Test Set to be installed as part of a
multi-year, multi-billion dollar program to upgrade communications
technology in the nation’s commercial and military aviation control
networks.
- EMRISE Corporation Receives $1.2 Million Electronic Devices Order from Major
U.S. Military Prime Contractor
For Use in Multi-function,
Centralized Information Systems Installed on U.S. and Allied Navy Ships
RANCHO CUCAMONGA, Calif. - January 21, 2009 - EMRISE Corporation (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced it
has received a $1.2 million order from a major U.S. military prime
contractor for digital switches to be used in a multi-year defense
program for shipboard installations of multi-function, centralized
information systems. Full shipment of the order is expected to occur
in the second quarter 2009.
- NYSE CONFIRMS EMRISE CORPORATION SUCCESSFULLY MEETS MINIMUM STOCK PRICE
REQUIREMENT FOR CONTINUED LISTING ON NYSE ARCA
RANCHO
CUCAMONGA, California – January 8, 2009 - EMRISE CORPORATION (NYSE
Arca: ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
it has been notified by NYSE Regulation, Inc. that EMRISE has
successfully met NYSE Arca’s minimum $1.00 stock price requirement for
30 consecutive trading days. As a result, the non-compliant indicator
appended to EMRISE’s trading symbol has been removed and the Company’s
common stock will continue to be listed on NYSE Arca and trade under
the symbol ERI.
- EMRISE CORPORATION RECEIVES ADDITIONAL $2.0 MILLION IN ORDERS FOR RADIO
FREQUENCY DEVICES FOR SIGNAL JAMMING SYSTEMS
Signal Jamming
orders total $4 million since September 2008
RANCHO CUCAMONGA,
California – December 8, 2008 - EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that it has
received approximately $2.0 million in new orders for radio frequency
(RF) devices for remote-controlled improvised explosive device (RCIED)
jamming systems designed to prevent the detonation of improvised
explosive devices (IEDs). Often called roadside bombs, IEDs wound or
kill thousands of people in military conflicts around the world.
- EMRISE CORPORATION RECEIVES $1.2 MILLION IN COMMUNICATIONS PRODUCTS
ORDERS FOR EUROPEAN MILITARY CUSTOMERS
Orders Will
Contribute to Already Strong Fourth Quarter
RANCHO CUCAMONGA,
CA - December 2, 2008 - EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced it has received
$1.2 million in orders for network access products for military
communications networks in France and the United Kingdom (UK).
Shipment of these orders, which were received from existing customers
in France and the UK, will begin this month and are expected to be
completed by the end of the second quarter 2009.
- EMRISE CORPORATION RECEIVES $1.0 MILLION IN NEW ORDERS FOR IN-FLIGHT
ENTERTAINMENT PRODUCTS
RANCHO CUCAMONGA, Calif.—November 25,
2008—EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced that it has received $1.0
million in new orders for electronic devices and subsystems to be used
in commercial In-Flight Entertainment and Communication (IFE&C)
systems. Shipments of these orders are expected to begin in the first
quarter of 2009 and continue through the first half of 2009.
- EMRISE CORPORATION RECEIVES ADDITIONAL $1 MILLION ORDER FOR POWER SUPPLIES FOR
U.S. MILITARY ARMORED VEHICLES.
Follow-on Order is a
Continuation of Multi-Year, Multi-Million Dollar Program
RANCHO
CUCAMONGA, CALIFORNIA, November 20, 2008 - EMRISE CORPORATION (NYSE
Arca: ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced it
has received an additional follow-on order from a large international
customer for more than $1 million of modular power supplies to be used
in a long-running strategic U.S. military armored vehicle program.
This order provides for continuity of shipments for the program
through 2009.
- EMRISE CORPORATION COMPLETES REVERSE SPLIT OF COMMON STOCK RANCHO
CUCAMONGA, Calif.—November 20, 2008—EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
it completed the 1-for-3.75 reverse split of its common stock after
the closing of the markets on November 19, 2008.
- EMRISE CORPORATION REPORTS 2008 THIRD QUARTER FINANCIAL RESULTS
Net Income Up Substantially for the Quarter on Higher Sales and Increased
Gross Margin; Further Top and Bottom Line Improvements Expected in
Fourth Quarter
RANCHO CUCAMONGA, Calif.—November 6,
2008—EMRISE CORPORATION (NYSE Arca: ERI); a multinational designer,
manufacturer and marketer of proprietary electronic devices and
communications equipment for aerospace, defense, industrial, and
communications applications, today announced financial results for
three and nine months ended September 30, 2008.
- EMRISE
RECEIVES INITIAL ORDER FOR TIEMPO™ EDGE NETWORK TIMING SYSTEMS FROM
MAJOR US INTEGRATOR OF COMMUNICATIONS SYSTEMS
Sixth Major
Integrator to Qualify TiemPo™ as Preferred Timing Device for Their
Customers
RANCHO CUCAMONGA, CALIFORNIA, November 5, 2008 -
EMRISE CORPORATION (NYSE ARCA:ERI), a multi-national manufacturer of
defense and aerospace electronic devices and communications equipment,
today announced that it has received an initial $500,000 production
order for it’s StarClock™ TiemPo™ next-generation network timing
system from a major U.S. communications systems integrator. The order,
which is for immediate delivery, is for a U.S. government agency
telecommunications system upgrade. EMRISE Chief Executive Carmine T.
Oliva, said that he expects this initial order to be shipped during
the fourth quarter of 2008.
- EMRISE
CORPORATION SETS NOVEMBER 6 AS DATE FOR RELEASE OF 2008 THIRD QUARTER
AND NINE-MONTH FINANCIAL RESULTS AND CONFERENCE CALL
RANCHO
CUCAMONGA, CALIFORNIA – October 31, 2008 – EMRISE CORPORATION (NYSE
Arca: ERI), a designer, manufacturer and marketer of proprietary
electronic devices and communications equipment for aerospace,
defense, industrial, and communications applications, announced today
that it will release its financial results for the third quarter and
nine months ended September 30, 2008, before the market opens on
Thursday, November 6, 2008, and will host a conference call at 1:30
p.m. Eastern Time that same day.
- EMRISE
CORPORATION RECEIVES $850,000 IN FOLLOW-ON ORDERS FOR ELECTRONIC
DEVICES FOR COMMERCIAL AIRCRAFT
Adds to Growing Commercial
Aircraft Backlog
RANCHO CUCAMONGA, Calif.—October 28,
2008—EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced it has received from a major
international integrator of electronics systems for commercial and
military aviation markets $850,000 in additional orders for power
supplies for use in commercial aircraft. Shipments are scheduled to
begin in the first quarter of 2009 and be completed by the end of that
year, which ensures continuity of shipments for this program through
2009.
- EMRISE
CORPORATION SECOND U.S. PATENT FOR VERY LOW PROFILE SWITCHES ACCEPTED
FOR PUBLICATION
Issuance of Patent to Follow, Adds to
Intellectual Property Portfolio
RANCHO CUCAMONGA,
Calif.—October 23, 2008—EMRISE CORPORATION (NYSE ARCA:ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that the United
States Patent and Trademark Office has accepted for publication
another patent for its Very Low Profile (VLP®) family of rotary
switches and encoders. The Company expects issuance of the patent to
follow shortly. The patent increases the number of U.S. issued and
applied for patents that EMRISE holds to three, further enhancing the
value of its intellectual property portfolio. The company also has
patents pending in the EU and four other foreign countries.
- EMRISE
CORPORATION RECEIVES $1 MILLION IN ORDERS FOR RADIO FREQUENCY SYSTEMS
FOR COMMERCIAL MARINE APPLICATION
Year-to-Date Total from
Customer Now Exceeds $2 Million, Orders Add to Company’s Growing
Backlog
RANCHO CUCAMONGA, Calif.—October 21, 2008—EMRISE
CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense
and aerospace electronic devices and communications equipment, today
announced that it received $1 million in additional orders from a
major international marine services provider for electronic systems
for identifying and marking marine (shipping) channels and marine
hazards. Deliveries against these orders are expected to begin in the
first half of 2009 and are expected to continue into 2010.
- EMRISE CORPORATION RECEIVES RAYTHEON’S SUPPLIER EXCELLENCE AWARD FOR 2007
RANCHO CUCAMONGA, Calif.—October 14, 2008—EMRISE CORPORATION (NYSE Arca: ERI),
a multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced its wholly owned
subsidiary, EMRISE Electronics Corporation (“EEC”) has been awarded
the “2007 Supplier Excellence Award” by Raytheon Company’s Integrated
Defense Systems (IDS) Division. This award is issued annually to those
companies in the Raytheon supply chain that demonstrated exceptional
performance. Recipients are selected for consistent quality of
services, on-time delivery, dedication to safety and investment in
process-improvement initiatives.
- EMRISE
CORPORATION RECEIVES MORE THAN $1.0 MILLION IN ORDERS FOR ELECTRONIC
DEVICES FOR COMMERCIAL AIRCRAFT
Follow-on Orders Ensure
Continuity of Program through 2009, Add to Growing Backlog
RANCHO CUCAMONGA, CALIFORNIA, October 7, 2008 - EMRISE CORPORATION
(NYSE Arca: ERI), a multi-national manufacturer of defense and
aerospace electronic devices and communications equipment, today
announced it has received more than $1.0 million in additional orders
for electronic devices for commercial aircraft cockpits from a major
international systems integrator. Shipments are scheduled to begin in
the fourth quarter of 2008, and this order will ensure continuity of
shipments for this program through 2009.
- EMRISE
CORPORATION RECEIVES $2 MILLION IN ORDERS FOR RADIO FREQUENCY DEVICES
FOR SIGNAL JAMMING SYSTEMS FOR U.S. MILITARY
Deliveries
Scheduled for 2008; Additional Orders Expected
RANCHO
CUCAMONGA, Calif.—September 18, 2008—EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
it has received $2 million in orders for radio frequency (RF) devices
to be used in vehicle-mounted, remote-controlled improvised explosive
devices (RCIED) jamming systems designed to prevent the detonation of
improvised explosive devices (IEDs), often called roadside bombs, that
have cost thousands of lives in ongoing global military conflicts.
- EMRISE SELLS
PRINTED CIRCUIT BOARD DIVISION ASSETS TO SIERRA CIRCUITS, INC.
Initial Step in Strategic Plan to Divest Non-Core Assets and Reduce
Acquisition Debt
RANCHO CUCAMONGA, CA — August 27,
2008—EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced that it has sold the assets
of its printed circuit board (PCB) business, EMRISE Circuit Division
(ECD), in Monrovia, CA., to Sierra Circuits, Inc. (Sierra), a leading
provider of quick-turn printed circuit boards located in Sunnyvale, CA.
- EMRISE
CORPORATION COMPLETES ACQUISITION OF ADVANCED CONTROL COMPONENTS INC.
Acquisition Positions Company to Expand Geographic Footprint, Increase Sales
with U.S. Military, Other Government and Commercial Organizations
RANCHO CUCAMONGA, CALIFORNIA—August 21, 2008 — EMRISE CORPORATION (NYSE Arca:
ERI), a multinational manufacturer of proprietary electronic devices
and communications equipment for aerospace, defense, industrial, and
communications applications, today announced that it has completed the
acquisition of Eatontown, NJ-based Advanced Control Components, Inc.
(ACC). ACC is a supplier of high performance radio frequency (RF) and
microwave devices and subsystems that for more than 26 years has been
serving the military, aerospace, commercial and instrumentation
markets.
- EMRISE CORPORATION ROTARY SWITCHES QUALIFIED FOR INTERNATIONAL SPACE
STATION
Company’s Low-Profile Switches Installed in
Mission-Critical Equipment for Space Station Life Support System
RANCHO CUCAMONGA, Calif.—August 14, 2008—EMRISE CORPORATION (NYSE Arca: ERI),
a multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that its Very
Low Profile Rotary (VLP®) switches have been qualified for space
applications and installed in new equipment used to rehydrate crew
member food and provide potable water for the International Space
Station’s regenerative life-support system.
- EMRISE CORPORATION’S PENDING ACQUISITION OF ADVANCED CONTROL COMPONENTS,
INC.RECEIVES NEW JERSEY ENVIRONMENTAL CLEARANCE
Company
Expects Closing On or About August 15, 2008
RANCHO
CUCAMONGA, Calif.—August 7, 2008—EMRISE CORPORATION (NYSE Arca: ERI),
a multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that privately
held, Eatontown, N.J.-based Advanced Control Components, Inc. (“ACC”)
received clearance from the New Jersey Department of Environmental
Protection (“NJDEP”) for the pending acquisition of ACC by EMRISE.
- EMRISE CORPORATION REPORTS 2008 SECOND QUARTER FINANCIAL RESULTS
Sales Rise, Margins Improve, Net Loss Narrows
RANCHO CUCAMONGA,
Calif.—August 7, 2008—EMRISE CORPORATION (NYSE Arca: ERI), a
multinational designer, manufacturer and marketer of proprietary
electronic devices and communications equipment for aerospace,
defense, industrial, and communications applications, today announced
financial results for three and six months ended June 30, 2008.
- EMRISE
CORPORATION CONFERENCE CALL SCHEDULED TO REPORT SECOND QUARTER AND SIX
MONTHS 2008 FINANCIAL RESULTS
RANCHO CUCAMONGA, CALIFORNIA –
July 30, 2008 – EMRISE CORPORATION (NYSE Arca: ERI), a designer,
manufacturer and marketer of proprietary electronic devices and
communications equipment for aerospace, defense, industrial, and
communications applications, announced today that it will release,
before the market opens on Thursday, August 7, 2008, its financial
results for the second quarter and six months ended June 30, 2008.
- EMRISE
CORPORATION RECEIVES INITIAL PRODUCTION RELEASE UNDER EXISTING
THREE-YEAR $800,000 US NAVY CONTRACT
Plans Immediate
Shipment to Navy of First $300,000 of Halcyon Test Equipment; Also
Expects $800,000 Contract from FAA for Derivative Testing Unit
RANCHO CUCAMONGA, CA.—July 16, 2008—EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that it has
received the initial production release and plans immediate shipment
of the first $300,000 of its Halcyon telecommunications test equipment
under the terms of a previously announced $800,000 supply contract
with the U.S. Department of the Navy. The three-year agreement calls
for the company’s San Jose, CA-based CXR Larus subsidiary to provide
the Navy the company’s full line of Halcyon handheld field test
equipment to be used in a variety of telecommunications testing
applications.
- EMRISE
CORPORATION RECEIVES MORE THAN $2.3 MILLION IN FOLLOW-ON ORDERS FOR
EUROFIGHTER TYPHOON AIRCRAFT
Backlog of Military
Electronic Devices for Eurofighter Rises to $5.5 Million, Shipments to
Run Through 2010
RANCHO CUCAMONGA, CA.—July 10, 2008—EMRISE
CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense
and aerospace electronic devices and communications equipment, today
announced it has received more than $2.3 million in follow-on orders
from a long-standing U.K. customer for electronic devices for the
Eurofighter Typhoon aircraft.
- EMRISE
CORPORATION RECEIVES MORE THAN $1.2 MILLION IN ADDITIONAL ORDERS FOR
IN-FLIGHT ENTERTAINMENT PRODUCTS
Year- to-Date IFE&C
Orders Up 54% from Comparable 2007 Period
RANCHO
CUCAMONGA, CALIFORNIA, July 2, 2008 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced it
has received more than $1.2 million in additional new orders from a
long-standing U.S. customer for electronic devices to be used in
in-flight entertainment (IFE) systems.
- EMRISE CORPORATION
RECEIVES NEW ORDERS IN EXCESS OF $2.2M FOR IN-FLIGHT ENTERTAINMENT
PRODUCTS
Year- to-Date Orders Running 30% Ahead of
Comparable 2007 Period
RANCHO CUCAMONGA, CALIFORNIA, June
25, 2008 - EMRISE CORPORATION (NYSE ARCA:ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced it has received more than
$2.2 million in new orders from a long-standing U.S. customer for
in-Flight-Entertainment (“IFE”) devices. EMRISE,President and Chief
Executive Officer Carmine T. Oliva said that the Company’s in-flight
entertainment businesses are a key driver of growth in 2008 and beyond.
- EMRISE CORPORATION ANNOUNCES ANNUAL SHAREHOLDERS' MEETING
RANCHO CUCAMONGA, CALIFORNIA, June 18, 2008 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced its annual stockholder’s meeting to be held on Tuesday, June
24, 2008 at 1:00 p.m. EDT (10:00 a.m. PDT) at the Company’s corporate
offices located at 9485 Haven Avenue, Suite 100, Rancho Cucamonga,
California. For those attending the stockholder’s meeting in-person,
please note that there is construction going on in the area of our
corporate headquarters, which will require attendees to park in the
parking lot behind our building and use the rear entrance to our
corporate offices. Signs will be posted accordingly.
- EMRISE Corporation Introduces New StarSync™ Edge 6800 Next Generation
Timing Product
Second Product from Development Agreement
with Brilliant Telecommunications Provides End-to-End Solution for
Most Complex Next Generation Networks
LAS VEGAS - June 17,
2008 - EMRISE CORPORATION (NYSE Arca:ERI), a Rancho Cucamonga,
Calif.-headquartered multinational designer, manufacturer and marketer
of proprietary electronic devices and communications equipment for
aerospace, defense, industrial, and communications applications, today
announced the introduction of its StarSync™ Edge 6800 next generation
network timing system at the NXTcomm08 Conference in Las Vegas. First
production shipments for the StarSync™ 6800 are projected for Q3 2008.
The NXTcomm08 conference, which replaces SUPERCOMM as the one event
delivering the entire spectrum of network-enabled voice, video, and
data, is taking place from June 16 – 19 at the Las Vegas Convention
Center.
- EMRISE
CORPORATION EXECUTES AGREEMENT TO ACQUIRE ADVANCED CONTROL COMPONENTS,
INC.
Strategic Move Positions Company to Expand Its
Business; Expected Increased Sales with U.S. Military, Other
Government and Commercial Organizations
RANCHO CUCAMONGA,
CALIFORNIA—May 28, 2008 — EMRISE CORPORATION (NYSE Arca: ERI), a
multinational manufacturer of proprietary electronic devices and
communications equipment for aerospace, defense, industrial, and
communications applications, today announced it is implementing a
strategic move to expand its business and increase sales to United
States military and other government and commercial organizations by
entering into a definitive stock purchase agreement to acquire
Eatontown, New Jersey-based Advanced Control Components, Inc. (“ACC”).
ACC is a privately-held, growing and profitable supplier of high
performance radio frequency (RF) and microwave devices and subsystems
serving the military, aerospace, commercial and instrumentation
markets for more than 26 years. The terms of the stock purchase
agreement commit the parties to a transaction with an acquisition
price of up to $18 million in cash over a two year period, subject to
certain adjustments and the achievement of specific performance
criteria.
- EMRISE CORPORATION RECEIVES $700,000 FOLLOW ON PRODUCTION ORDER FOR
ELECTRONIC SUB-ASSEMBLIES FOR USE IN OFFSHORE DRILLING PROJECT
Additional Orders Expected for Multi-Year, Multi-Million Dollar
Harsh-Environment Application
RANCHO CUCAMONGA, CALIFORNIA,
May 21, 2008 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced that it has received a
$700,000 follow on production order for electronic sub-assemblies from
an existing international customer for use in a harsh environment
offshore drilling application. Shipments against this order are
expected to be completed in 2008.
- EMRISE
CORPORATION REPORTS 2008 FIRST QUARTER FINANCIAL RESULTS
RANCHO
CUCAMONGA, California—May15, 2008—EMRISE CORPORATION (NYSE Arca: ERI),
a multinational designer, manufacturer and marketer of proprietary
electronic devices and communications equipment for aerospace,
defense, industrial, and communications applications, today announced
financial results for the first quarter ended March 31, 2008.
- EMRISE CORPORATION
RECEIVES FIRST PRODUCTION ORDERS FOR SUB-ASSEMBLIES FOR NEW
INTERNATIONAL INDUSTRIAL PROGRAM
Initial Production
Orders Follow Completion of Development and Pre-Production Contract
RANCHO CUCAMONGA, CALIFORNIA, May 8, 2008 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
it has received initial production orders valued at $250,000 for
electronic sub-assemblies from an existing European customer for use
in a new harsh-environment industrial application. Initial deliveries
are expected to commence in fourth-quarter 2008 with the potential for
follow-on orders during the multi-year life of the program.
- EMRISE CORPORATION
CONFERENCE CALL SCHEDULED TO REPORT FIRST QUARTER 2008 FINANCIAL
RESULTS
RANCHO CUCAMONGA, CALIFORNIA—May 8, 2008— EMRISE
CORPORATION (NYSE Arca: ERI), a designer, manufacturer and marketer of
proprietary electronic devices and communications equipment for
aerospace, defense, industrial, and communications applications,
announced today that it will release, before the market opens on
Thursday, May 15, 2008, its financial results for the first quarter
ended March 31, 2008.
- EMRISE CORPORATION
APPOINTS MICHAEL J. ROBINSON DIRECTOR OF NORTH AMERICAN COMMUNICATIONS
PRODUCTS BUSINESS DEVELOPMENT
New Position to Develop North
American Market for Network Access Products
RANCHO CUCAMONGA,
CALIFORNIA—May 6, 2008—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 the appointment of
veteran communications industry executive Michael J. Robinson as
director of business development for network access communications
products.
- EMRISE CORPORATION
RECEIVES FIRST PRODUCTION ORDERS FOR CUSTOM POWER SUPPLIES AND TEST
EQUIPMENT FOR INTERNATIONAL MILITARY PROGRAM
Production
Orders Follow Recent Completion of Development and Pre-Production
Contract
RANCHO CUCAMONGA, CALIFORNIA, April 30, 2008 - EMRISE
CORPORATION (NYSE ARCA:ERI), a multi-national manufacturer of defense
and aerospace electronic devices and communications equipment, today
announced that it has received initial production orders valued at
$450,000 for a range of military power supplies and test equipment
from an existing European customer for use in an international
military program. Deliveries are expected to be completed in 2008.
- EMRISE
CORPORATION RECEIVES IN-FLIGHT ENTERTAINMENT ORDER FOR APPROXIMATELY
$1.8 MILLION
2008 Orders for In-Flight Entertainment Devices
Nearly 57% of Total 2007 Orders in Only 30% of the Time
RANCHO
CUCAMONGA, CALIFORNIA, April 24, 2008 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced it
has received orders valued at approximately $1.8 million from a
single, long-time customer for In-Flight Entertainment (IFE)
electronic devices. Deliveries are expected to be completed in 12
months
- EMRISE CORPORATION RECEIVES
FOLLOW ON ORDER FOR CUSTOM MILITARY POWER SUPPLIES
Follows
Recent Completion of Initial Development and Pre-Production Contract
for Multi-Year Military Aircraft Program
RANCHO CUCAMONGA,
CALIFORNIA, April 22, 2008 - EMRISE CORPORATION (NYSE ARCA:ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment for aerospace, defense,
industrial and communications applications, today announced it has
received an initial production order valued at approximately $600,000,
for custom military power supplies as part of a multi-year production
program for a military aircraft. Deliveries are expected to be
complete in 2008.
- EMRISE CORPORATION
RECEIVES INITIAL PRODUCTION ORDER FOR POWER SUPPLY PRODUCTS TO BE USED
IN NEW INTERNATIONAL MILITARY AIRCRAFT
Follows Recent
Completion of $850,000 Development Contract for Multi-Year,
Multi-Million Dollar Production Program
RANCHO CUCAMONGA,
CALIFORNIA, April 17, 2008 - 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 it has received an
initial $300,000 production order from a military systems integrator
for power supplies and control system sub-assemblies for use in a new
international, fixed-wing, military aircraft program. The company
anticipates receiving multiple follow-on production orders associated
with this project which could span multiple years and could provide
millions of dollars of additional business for EMRISE.
- EMRISE
CORPORATION RECEIVES ADDITIONAL ORDER FOR MODULAR POWER SUPPLIES FOR
U.S. MILITARY VEHICLES
Follow-on Order Part of Multi-Year,
Multi-Million Dollar Program
RANCHO CUCAMONGA, CALIFORNIA,
April 15, 2008 - 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 won a more
than $750,000 follow-on order from a major military systems integrator
for power supply products for a key U.S. military vehicle program.
Deliveries of this order will begin in the second quarter of this year
and are anticipated to be completed in six months.
- EMRISE
CORPORATION ANNOUNCES EXTENSION TO TIEMPO™ RANGE OF NETWORK TIMING
PRODUCTS
First product from recently announced agreement
with Brilliant Telecommunications;
Helps Position Company to
Address Areas of World with Large and Growing Market Opportunities
RANCHO CUCAMONGA, CALIFORNIA, April 3, 2008 - EMRISE CORPORATION (NYSE Arca:
ERI), a designer, manufacturer and marketer of proprietary electronic
devices and communications equipment for aerospace, defense,
industrial, and communications applications, launched the StarSync™
6850 to the International Press at the recent CeBit 2008 international
trade fair in Hanover, Germany. The StarSync™ 6850 will be available
for shipment in late Q2 2008.
- EMRISE CORPORATION ANNOUNCES MARKETING AND PRODUCT DEVELOPMENT AGREEMENT WITH
BRILLIANT TELECOMMUNICATIONS
RANCHO CUCAMONGA, CALIFORNIA,
April 1, 2008 - 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 at the CTIA Wireless
convention in Las Vegas that, through its subsidiary, CXR Larus
Corporation, it has entered into a bilateral agreement with an
industry leading innovative Silicon Valley company Brilliant
Telecommunications for the sale and marketing of products, and access
to Brilliant’s market leading technology.
- EMRISE Corporation Reports 2007 Fourth Quarter, Year End Financial
Results Monday March 31, 5:45 am ET
Record Quarterly
Revenue; Loss Narrows on Year-Over-Year Revenue Growth
RANCHO
CUCAMONGA, Calif.--(BUSINESS WIRE)--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
its financial results for the fourth quarter and year-ended December
31, 2007.
- EMRISE CORPORATION RECEIVES FOLLOW-ON ORDER FOR POWER SUPPLIES FOR U.S.
MILITARY VEHICLES
RANCHO CUCAMONGA, CALIFORNIA, March
27, 2008 - 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 a
$300,000 follow-on order from a major military systems integrator for
power supply products for a ground-support program for U.S. military
vehicles.
- EMRISE CORPORATION Conference Call Scheduled to Report 2007 Fourth Quarter and
Year-End Financial Results
Rancho Cucamonga, Calif.—March 24,
2008— EMRISE CORPORATION (NYSE Arca: ERI), a manufacturer of
proprietary electronic devices and communications equipment for
aerospace, defense, industrial, and communications applications,
announced today that it will release, before the market opens on
Monday, March 31, 2008, its financial results for the fourth quarter
and year ended December 31, 2007.
- EMRISE CORPORATION RECEIVES $200,000 INITIAL ORDER FOR POWER SUPPLIES
FOR U.S. BLACK HAWK HELICOPTER
RANCHO CUCAMONGA, CALIFORNIA,
March 25, 2008 - 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 CORPORATION RECEIVES MORE THAN $1.7 MILLLON IN NEW ORDERS FOR RF AND
MICROWAVE DEVICES
Year-to-Date Orders Exceed Half of 2007
Total Shipments;The US Market is a Focus for Growth and a Potential
Acquisition
RANCHO CUCAMONGA, CALIFORNIA, - February 27, 2008 -
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 orders for radio frequency (RF) and
microwave devices total more than $1.7 million, year-to-date, which
already exceeds half of all our revenue in 2007 for these products.
This higher level of bookings is expected to continue and support much
higher organic growth in 2008.
- EMRISE CORPORATION SECURES FIRST ORDERS FROM NORTH AFRICAN COUNTRY FOR
MILITARY COMMUNICATIONS EQUIPMENT
Strategically Important
and Potentially Large Market Opportunity
RANCHO CUCAMONGA,
CALIFORNIA, - February 20, 2008 - 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 secured orders of $750,000 for its network access products from
customers in French-speaking North African countries, including its
first orders in the region for its edge network communications
equipment for the military, which the Company believes to be a new and
potentially significant market opportunity. A substantial percentage
of these new orders are for a new military communications system from
one of the largest countries in the region.
- EMRISE CORPORATION TO PRESENT AT ROTH 20th ANNUAL OC GROWTH STOCK CONFERENCE
RANCHO CUCAMONGA, CALIFORNIA, February 14, 2008 -- 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 Chief Executive Carmine T. Oliva will be presenting at ROTH
Capital Partners’ 20th Annual OC Growth Stock Conference to be held
February 18-21, 2008, at The Ritz Carlton Laguna Niguel in Dana Point,
Calif.
- EMRISE CORPORATION ANNOUNCES PRELIMINARY 2007 FOURTH QUARTER FINANCIAL
RESULTS; RECORD REVENUE, GROSS MARGIN UP, PROFITABLE
Company Exceeds Earlier Net Income Guidance for the Quarter; Confirms
Guidance for Revenue Growth in 2008
RANCHO CUCAMONGA,
CALIFORNIA, February 7, 2008 - 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 preliminary unaudited
financial results for the fourth quarter ended December 31, 2007,
including record quarterly revenue, higher gross margin and a return
to profitability. The Company also confirmed that it expects 2008
revenue to approach $60 million.
- EMRISE
CORPORATION RECEIVES $2 MILLION IN ORDERS FOR IN FLIGHT ENTERTAINMENT
& COMMUNICATIONS (IFE&C) PRODUCTS
IFE&C Business Is
Major Growth Driver; First Month’s2008 Orders Exceed 50% of Last
Year’s Total
RANCHO CUCAMONGA, CALIFORNIA, - February 4,
2008 - 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 its U.K. subsidiary Pascall Electronics
L.t.d., has received approximately $2 million in new orders in January
from two existing customers for next generation In-Flight
Entertainment and Communications (IFE&C) products. These orders are
scheduled for delivery by the end of the second calendar quarter 2008.
- EMRISE CORPORATION SUBSIDIARY, PASCALL ELECTRONICS LTD., RECEIVES FOLLOW-ON
ORDERS IN EXCESS OF $2 MILLION FOR ITS IN-FLIGHT ENTERTAINMENT PRODUCTS
RANCHO CUCAMONGA, Calif, – January 15, 2008 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
its subsidiary, Pascall Electronics Ltd., has received additional
orders in excess of $2 million for its In-Flight Entertainment (“IFE”)
electronic devices from several of the world’s leading suppliers of
IFE equipment and systems to the international commercial airline
industry. Deliveries are expected to begin in the first quarter of
2008 and be completed by the end of 2008.
- EMRISE CORPORATION SELECTS ALLEN & CARON INC FOR INVESTOR RELATIONS AND
CORPORATE COMMUNICATIONS
RANCHO CUCAMONGA, CALIFORNIA, -
January 10, 2008 - EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense, aerospace and industrial
electronic devices and communications equipment, today announced it
has selected Allen & Caron Inc as its agency for investor relations
and corporate communications. Allen & Caron is headquartered in
Irvine, CA, and has offices in New York and London.
- NYSE Arca GRANTS EMRISE A SIX-MONTH CURE PERIOD
RANCHO
CUCAMONGA, CALIFORNIA, - January 2, 2008 - EMRISE CORPORATION (NYSE
Arca: ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that the NYSE Regulation, Inc. staff (“Staff”) has granted
EMRISE a six-month cure period to comply with the minimum price per
share requirement for continued listing under NYSE Arca Equities Rule
5.5(h) (4), subject to ongoing assessment.
- EMRISE CORPORATION ANNOUNCES RESULTS OF ANNUAL STOCKHOLDER’S MEETING
RANCHO CUCAMONGA, CALIFORNIA, December 14, 2007 - EMRISE CORPORATION (NYSE
Arca: ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that it held its annual stockholder’s meeting December 12,
2007 at its corporate offices at 9485 Haven Avenue, Suite 100, Rancho
Cucamonga, California. The meeting was webcast live and was accessible
by teleconference. A replay of the meeting is available on the
internet at www.vcall.com site for 90 days and telephonically by
dialing the toll-free number 877-660-6853 and for international
callers 201-612-7415. The conference ID number of “265270” and Account
number of “286” should be used.
- EMRISE CORPORATION FINALIZES $23 MILLION MULTI-NATIONAL DEBT FINANCING
When “Credit flowing to American companies is drying up at a pace not seen in
decades”
RANCHO CUCAMONGA, CALIFORNIA, December 5, 2007 -
EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of
defense, aerospace and industrial electronic devices and
communications equipment, today announced that it has secured a
three-year multi-national debt financing totaling $23 million. The
company previously announced, on November 8, 2007, the receipt of a
commitment letter regarding this debt financing and the fact that it
anticipated closing the transaction on or before December 7, 2007. On
November 30, 2007, EMRISE concluded the transaction. The new debt
facility provides for a $7 million revolving credit line and a $6
million term loan. The revolving credit line and term loan will be
used primarily for working capital purposes. The financing also
provides for a separate term facility in the amount of $10 million to
be available exclusively for purposes of acquisitions.
- EMRISE CORPORATION TO HOLD ANNUAL STOCKHOLDERS’ MEETING DECEMBER 12,
2007
RANCHO CUCAMONGA, CALIFORNIA, December 4, 2007 - EMRISE
CORPORATION (NYSE Arca:ERI), a multi-national manufacturer of defense,
aerospace and industrial electronic devices and communications
equipment, today announced its annual stockholder’s meeting to be held
on Wednesday, December 12, 2007 at 1:30 p.m. EST (10:30 a.m. PST) at
the Company’s corporate offices located at 9485 Haven Avenue, Suite
100, Rancho Cucamonga, California. Stockholders will also be able to
participate in the meeting via conference call or live audio webcast.
- EMRISE CORPORATION ANNOUNCES RECEIPT OF NYSE Arca NON-COMPLIANCE
LETTER WITH POSSIBLE 6 MONTHS TO CURE
RANCHO CUCAMONGA,
Calif.--(BUSINESS WIRE) -- November 20, 2007 - EMRISE CORPORATION
(NYSE Arca:ERI), a multi-national manufacturer of defense, aerospace
and industrial electronic devices and communications equipment, today
announced that on November 14, 2007, the Company received a letter
from NYSE Arca Equities, Inc. staff (“Staff”) indicating that the
Company’s common stock price per share does not comply with the
minimum $1.00 price required for continued listing by NYSE Arca
Equities Rule 5.5(h)(4). The Staff noted that since September 27,
2007, the price per share of the Company’s common stock has averaged
below $1.00 for 30 consecutive trading days.
EMRISE CORPORATION SECURES COMMITMENT FOR INTERNATIONAL DEBT FINANCING
TOTALING $23,000,000
RANCHO CUCAMONGA, CALIFORNIA, November 8,
2007 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense, aerospace and industrial electronic devices
and communications equipment, today announced that it has secured a
commitment for a three-year international debt facility. The facility
totals $23 million. The commitment provides for a $7 million revolving
credit facility and a $6 million term loan. The revolving credit
facility and term loan will be used primarily for working capital
purposes. The commitment also provides for a separate term facility in
the amount of $10 million to be available exclusively for purposes of
acquisitions.
- EMRISE CORPORATION ANNOUNCES THIRD QUARTER 2007 FINANCIAL RESULTS CONFERENCE
CALL
RANCHO CUCAMONGA, CALIFORNIA, November 7, 2007 - EMRISE
CORPORATION (NYSE Arca:ERI), a multi-national manufacturer of defense
and aerospace electronic devices and communications equipment, today
announced that it will hold a conference call to discuss the Company’s
second quarter financial results on Monday, November 12, 2007 at 11:30
a.m. EST (8:30 a.m. PST).
- EMRISE ANNOUNCES FIRST INTERNATIONAL ORDERS FOR TIEMPO® EDGE NETWORK
TIMING SYSTEMS
RANCHO CUCAMONGA, CALIFORNIA, October 23, 2007 -
EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of
defense, aerospace and industrial electronic devices and
communications equipment, today announced that its French subsidiary
CXR Anderson Jacobson (“CXR-AJ”) has received initial orders from a
large French speaking North African country for immediate delivery of
its recently CE approved StarClock™ TiemPo® edge network timing
product, (“TiemPo®”), to support its network infrastructure upgrade
program.
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