- 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.
- EMRISE
RECEIVES INITIAL ORDERS FOR SUPPLY OF TIEMPO® EDGE NETWORK TIMING
SYSTEMS FROM A MAJOR US COMMUNICATIONS CARRIER
RANCHO
CUCAMONGA, CALIFORNIA, October 18, 2007 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
its subsidiary, CXR Larus Corporation, has received initial orders
from a major national U.S. carrier for its StarClock™ TiemPo®
next-generation network timing system.
- EMRISE
CORPORATION COMMENCES DELIVERY OF $4,000,000 OF EXISTING BACKLOG FOR
NEW “IN-FLIGHT-ENTERTAINMENT AND COMMUNICATIONS” PRODUCTS
RANCHO
CUCAMONGA, CALIFORNIA, October 16, 2007 - EMRISE CORPORATION (NYSE
Arca: ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that one of its subsidiaries has commenced delivery of $4
million in existing backlog for new ”In-Flight-Entertainment and
Communications” (“IFE&C”) products. We expect to ship approximately $2
million of the $4 million in backlog during this fiscal year.
- EMRISE
Corporation Named One of Los Angeles’ Fastest Growing Technology
Companies in Deloitte’s “Technology Fast 50” Program
RANCHO
CUCAMONGA, CALIFORNIA, October 3, 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 been named to Deloitte’s prestigious “Technology
Fast 50” program for Los Angeles, a ranking of the 50 fastest growing
technology, media, telecommunications and life sciences companies in
the region by Deloitte & Touche USA LLP, one of the nation’s leading
professional services organizations. Rankings are based on the
percentage revenue growth over five years from 2002 to 2006.
- EMRISE
CORPORATION’S DIGITRAN DIVISION AWARDED CONTRACT FOR SUPPLY OF ROTARY
SWITCHES FOR THE NEW BOEING 787 DREAMLINER AIRCRAFT
RANCHO
CUCAMONGA, CALIFORNIA, September 24, 2007 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
its Digitran Division a wholly owned subsidiary of EMRISE Electronics
Corporation (“EEC”), has been awarded a contract by a sub-contractor
to Boeing for the supply of rotary switches for the new Boeing 787
Dreamliner aircraft. All necessary “Flight Safety” tests have been
completed to allow the use of Digitran switches on the aircraft and
Digitran has already delivered the first units under the contract.
- EMRISE
CORPORATION TO PRESENT AT THE ROTH CAPITAL PARTNERS “NY” CONFERENCE
SEPTEMBER 5, 2007
RANCHO CUCAMONGA, CALIFORNIA, August 29, 2007
- EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer
of defense, aerospace and industrial electronic components and
communications equipment, today announced EMRISE’s President and Chief
Executive Officer, Carmine T. Oliva, will present at the Roth 2007 New
York Conference. This presentation will take place on Wednesday,
September 5th, at 10 a.m. Eastern Time, 7 a.m. Pacific Time, and the
presentation will be broadcast via the Internet.
- EMRISE’S
SUBSIDIARY, CXR LARUS, AWARDED MULTI-YEAR CONTRACT BY U.S. DEPARTMENT
OF THE NAVY FOR SUPPLY OF HALCYON TEST EQUIPMENT
RANCHO
CUCAMONGA, CALIFORNIA, August 21, 2007 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
its subsidiary, CXR Larus Corporation, has been awarded a three year
contract, valued at approximately $800,000 by the U.S. Department of
the Navy (“Navy”) for supply of the full line of its Halcyon test
equipment. The face value of the contract is for the Navy only. The
contract also allows all other branches of the armed services to
procure CXR Larus Halcyon products through the Navy procurement
website, www.NAVICPmart.com. In addition other federal agencies such
as Homeland Defense will also be able to purchase their requirements
through the Navy’s procurement site under the terms of the Navy’s
contract.
- EMRISE
CORPORATION SUBSIDIARY XCEL POWER SYSTEMS LTD. RECEIVES ADDITIONAL
ORDERS FOR TRANCHE 2 EUROFIGHTER TYPHOON AIRCRAFT
New Orders
Bring Tranche 2 Build Total to $9 MillionRANCHO CUCAMONGA, CALIFORNIA,
-August 15, 2007- EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense, aerospace and industrial
electronic devices and communications equipment, today announced that
its U.K. based power supply company Xcel Power Systems Ltd. has
received an additional $600,000 in orders for power supplies to
upgrade an avionic system for the Eurofighter Typhoon, Tranche 2
aircraft. This new order, which will ship over the next twelve months,
brings Tranche 2 orders for approximately 225 aircraft to a total of
$9 million. Our remaining current backlog of Tranche 2 orders with
this new order is approximately $6 million. This backlog is scheduled
to ship half in 2007 and half in 2008.
- EMRISE
CORPORATION ANNOUNCES SECOND QUARTER 2007 RESULTS INCLUDING RECORD
QUARTERLY SALES OF $12.1 MILLION AND RECORD BACKLOG AT JUNE 30, 2007
OF $27.4 MILLION
RANCHO CUCAMONGA, CALIFORNIA, August 14, 2007 - EMRISE CORPORATION (NYSE
Arca: ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced its second quarter 2007 financial results.
- EMRISE
CORPORATION FEATURED PROMINENTLY IN ECONOMIST INTELLIGENCE UNIT MIDDLE
MARKET OUTLOOK REPORT
CEO CARMINE OLIVA OUTLINES VISION FOR
THE FUTURE RANCHO CUCAMONGA, CALIFORNIA, - August 13, 2007 - EMRISE
CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of
defense, aerospace and industrial electronic devices and
communications equipment, today announced Carmine T. Oliva, Chairman,
President and CEO of EMRISE Corporation, was interviewed and quoted in
a recent report from the Economist Intelligence Unit (EIU) looking at
the outlook for Middle Market companies “the key drivers of the US
economy’s growth.” The report was produced in association with CIT
Group Inc. (NYSE: CIT), a leading global provider of commercial and
consumer financing, and can be accessed here:
http://middlemarket.cit.com
- EMRISE
CORPORATION ANNOUNCES SECOND QUARTER 2007 FINANCIAL RESULTS CONFERENCE
CALL
RANCHO CUCAMONGA, CALIFORNIA, August 8, 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 Tuesday, August 14, 2007 at 11:00
a.m. EDT (8:00 a.m. PDT).
- EMRISE’S
SUBSIDIARY, CXR LARUS CORPORATION, RECEIVES VITAL CE CERTIFICATION FOR
ITS STARCLOCK™ TIEMPO NEXT GENERATION NETWORK TIMING SYSTEM
RANCHO
CUCAMONGA, CALIFORNIA, July 24, 2007 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
its subsidiary, CXR Larus Corporation (“CXR Larus”), has received CE
certification for its new StarClock™ TiemPo next generation network
timing system (“TiemPo”). The CE certification and product marking is
a mandatory European certification for certain product groups to
indicate conformity with essential health and safety and
electro-magnetic emissions requirements set out in European Union
directives. This certification allows CXR Larus to freely offer for
sale the TiemPo line of products into the European community and
additionally on a worldwide basis. The TiemPo will be sold and
distributed in Europe, Middle East and Africa (“EMEA”) through
EMRISE’s’ subsidiary CXR Anderson Jacobson (“CXR-AJ”) located in
Abondant, France.
- EMRISE’s
Subsidiary, Pascall Electronics Ltd., Receives Power Supply Order
Totaling $850,000 for a Military Avionic Application
RANCHO
CUCAMONGA, CALIFORNIA, July 19, 2007 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that its UK subsidiary, Pascall Electronics Ltd. (“Pascall”)
has received an initial order from an international aerospace systems
manufacturer. The order, totaling $850,000, includes the design and
prototypes for a military avionic application. The initial contract is
expected to be completed by year end 2007 with the expectation that
the customer program will be qualified and in production in 2008
thereby providing the opportunity for Pascall to obtain future
production orders.
- EMRISE’S
Subsidiary, EMRISE Electronics Corporation, Receives Initial
Distributor Stocking Orders Launching Worldwide Distribution Program
for Very Low Profile (VLP®) Rotary Switches
RANCHO
CUCAMONGA, CALIFORNIA, July 12, 2007 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that its wholly owned subsidiary, EMRISE Electronics
Corporation (“EEC”), has received its initial stocking orders from
Powell Electronics, Inc for EEC’s patented Digitran brand of standard
VLP® Rotary Switches, thereby launching a worldwide distribution
program for this unique new standard family of very low profile rotary
switches.
- EMRISE’S
PASCALL ELECTRONICS LTD. SUBSIDIARY RECEIVES ADDITIONAL ORDERS IN
EXCESS OF $1 MILLION FOR IN-FLIGHT ENTERTAINMENT PRODUCTS
RANCHO
CUCAMONGA, CALIFORNIA, July 10, 2007 - 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
follow-on orders worth in excess of $1 million for its range of
In-Flight-Entertainment & Communications (“IFE & C”) devices.
Deliveries are scheduled to begin in the fourth quarter of 2007 and
are planned to be completed early 2008.
- EMRISE
CORPORATION’S SUBSIDIARY, CXR ANDERSON JACOBSON, RECEIVES FURTHER
$900,000 NETWORK ACCESS ORDERS FOR EUROPEAN UTILITY CUSTOMER
RANCHO
CUCAMONGA, CALIFORNIA, June 26, 2007 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
its French subsidiary, CXR Anderson Jacobson (“CXR-AJ”), has received
an additional new order for $900,000 for the supply of multi-service
multiplexers to a European utility company customer. The order is
expected to be delivered before year end.
- EMRISE’S
SUBSIDIARY CXR ANDERSON JACOBSON CONTINUES TO PENETRATE THE NORTH
AFRICAN TELECOM MARKET WITH ORDERS RECEIVED FROM AN ALGERIAN CUSTOMER
RANCHO
CUCAMONGA, CALIFORNIA, June 21, 2007 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced its French subsidiary CXR Anderson Jacobson (“CXR-AJ”) has
received orders for immediate delivery totaling approximately $400,000
for network access equipment for an Algerian customer. This is one of
the largest orders received to date by EMRISE from any North African
country.
- EMRISE
CORPORATION RECEIVES RAYTHEON’S SUPPLIER EXCELLENCE AWARD FOR 2006
RANCHO
CUCAMONGA, CALIFORNIA, June 19, 2007 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that its wholly owned subsidiary, EMRISE Electronics
Corporation (“EEC”), has been awarded the “2006 Supplier Excellence
Award” by Raytheon Company’s IDS Division. This award is issued
annually to those few companies in the Raytheon supply chain that have
demonstrated exceptional performance during 2006. Recipients are
selected for “consistent quality of services, on-time delivery,
dedication to safety and investment in process-improvement
initiatives.”
- EMRISE’S
NEW STARCLOCK™ TIEMPO ADDED TO MASTER APPROVED VENDOR LIST OF A LARGE
U.S.-BASED INTERNATIONAL SYSTEMS INTEGRATOR
RANCHO CUCAMONGA,
CALIFORNIA, June 12, 2007 - EMRISE CORPORATION (NYSE ARCA:ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that a large
U.S.-based international communications equipment systems integrator
has added CXR Larus’ new StarClock™ Tiempo product to its master
approved vendor list (“MAVL”). The StarClock™ Tiempo is the only edge
network timing and synchronization product on this systems
integrator’s MAVL.
- EMRISE’S
SUBSIDIARY, CXR LARUS, WINS SUPPLY CONTRACT WITH A MAJOR ENERGY CO-OP
FOR ITS STARCLOCK™ TIEMPO NEXT GENERATION NETWORK TIMING SYSTEM
RANCHO
CUCAMONGA, CALIFORNIA, June 5, 2007 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense and aerospace
electronic devices and communications equipment, today announced that
its subsidiary, CXR Larus Corporation, has won a contract with the
Western Area Power Administration (“WAPA”), one of the largest
electric generation and transmission cooperatives in the United States
to supply its next generation network (NGN) timing system, StarClock™
TiemPo, for the WAPA’s internal communications and control systems.
- EMRISE
CORPORATION SUBSIDIARY, PASCALL ELECTRONICS LTD. RECEIVES $1.2 MILLION
IN MILITARY POWER SUPPLIES ORDERS
RANCHO CUCAMONGA, CALIFORNIA,
May 16, 2007 - EMRISE CORPORATION (NYSE ARCA:ERI), a multi-national
manufacturer of defense and aerospace electronic devices and
communications equipment, today announced that one of its
subsidiaries, Pascall Electronics Ltd., has received orders from a
U.S. military program for power supplies worth in excess of $1.2
million for delivery throughout 2008.
- EMRISE
CORPORATION ANNOUNCES FIRST QUARTER 2007 RESULTS
RANCHO
CUCAMONGA, CALIFORNIA, May 15, 2007 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced its first quarter 2007 financial results.
- EMRISE
CORPORATION HAS ENGAGED THE INTERNATIONAL INVESTMENT BANKING FIRM OF
SUSQUEHANNA INTERNATIONAL GROUP, LLLP
RANCHO CUCAMONGA,
CALIFORNIA, May 11, 2007- EMRISE CORPORATION (NYSE Arca:ERI), a
multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced that it has
engaged the investment banking firm Susquehanna Financial Group, LLLP
(“SFG”). EMRISE expects to investigate a range of possible
alternatives which may include mergers and acquisitions. SFG will
assist EMRISE in exploring these potential transactions as well as
other strategic alternatives for the Company. No assurance can be
given that any transaction will result from the exploration process
that SFG has been retained to manage.
- EMRISE
CORPORATION ANNOUNCES THE COMPANY’S 2007 FIRST QUARTER CONFERENCE CALL
RANCHO
CUCAMONGA, CALIFORNIA, May 9, 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 first quarter
financial results on Tuesday, May 15, 2007 at 11:00 a.m. EDT (8:00
a.m. PDT).
- EMRISE
CORPORATION APPOINTS VICE PRESIDENT FINANCE AND ADMINISTRATION
RANCHO
CUCAMONGA, CALIFORNIA, May 8, 2007 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced the appointment of John Donovan as Vice President Finance
and Administration, effective May 16, 2007. Upon the effectiveness of
his appointment, he will also serve as EMRISE’s principal accounting
and financial officer and as Corporate Secretary and Treasurer.
- EMRISE
CORPORATION TO PRESENT AT THE 9th ANNUAL AeA MICRO CAP FINANCIAL
CONFERENCE MAY 8, 2007
RANCHO CUCAMONGA, CALIFORNIA, May 4,
2007 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense, aerospace and industrial electronic devices
and communications equipment, today announced EMRISE’s President and
Chief Executive Officer, Carmine T. Oliva, will present at the 2007
Annual AeA Micro Cap Financial Conference. This presentation will take
place on Tuesday, May 8th at 2:45 p.m. Pacific Time, 5:45 p.m. Eastern
Time and the presentation will be broadcast via the Internet.
- EMRISE
CORPORATION COMPLETES CONSOLIDATION OF ITS NORTHERN CALIFORNIA
FACILITIES
MOVE EXPECTED TO CUT APPROXIMATELY $600,000 IN
ANNUALIZED OVERHEAD COSTS
RANCHO CUCAMONGA, CALIFORNIA, April
10, 2007 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense, aerospace and industrial electronic devices
and communications equipment, today announced that its has completed
the relocation of its U.S. power supply business - RO Associates
(“RO”) - to its recently refurbished San Jose, California facility,
which RO will share with EMRISE’s CXR Larus Corporation subsidiary. RO
was previously located in a 30,000 sq. ft. standalone facility in
Sunnyvale, CA.
- EMRISE
CORPORATION ANNOUNCES 2006 YEAR-END RESULTS
RANCHO CUCAMONGA,
CALIFORNIA, April 3, 2007 - EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense, aerospace and industrial
electronic devices and communications equipment, today announced its
2006 financial results.
- EMRISE
CORPORATION TO PRESENT AT THE ValueRich MIAMI SMALL-CAP FINANCIAL EXPO
MARCH 27, 2007
RANCHO CUCAMONGA, CALIFORNIA, March 21, 2007 -
EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of
defense, aerospace and industrial electronic devices and
communications equipment, today announced EMRISE’s President and Chief
Executive Officer, Carmine T. Oliva, will present at the 2007 Miami
ValueRich Small-Cap Financial Expo. This presentation will take place
on Tuesday, March 27th at 11:00 a.m. Pacific Time, 2:00 p.m. Eastern
Time and the presentation will be broadcast via the Internet.
- EMRISE
CORPORATION LAUNCHES ITS NEW TIEMPO™ 6400 TIMING AND SYNCHRONIZATION
SYSTEM TO EUROPEAN AND WORLD MARKETS AT CeBIT
RANCHO CUCAMONGA,
CALIFORNIA, March 20, 2007 - EMRISE CORPORATION (NYSE Arca:ERI), a
multi-national manufacturer of defense, aerospace and industrial
electronic devices and communications equipment, today announced the
launch of the StarClock™ TiemPo™ 6400, timing and synchronization
system to the European and world market at CeBIT, the world's largest
trade show for digital IT and telecommunications solutions.
- EMRISE
CORPORATION SUBSIDIARY RECEIVES ORDERS IN EXCESS OF $1.9 MILLION FOR
IN-FLIGHT ENTERTAINMENT PRODUCTS
RANCHO CUCAMONGA, CALIFORNIA,
March 13, 2007 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense, aerospace and industrial electronic devices
and communications equipment, today announced that its subsidiary,
Pascall Electronics Ltd., has received orders worth in excess of $1.9
million for its range of multimedia In-Flight-Entertainment and
Communications products (“IFE”). Deliveries commence immediately and
are expected to be completed in 2007.
- EMRISE
CORPORATION TO PRESENT AT THE ROTH CAPITAL PARTNERS “OC” CONFERENCE
FEBRUARY 20, 2007
RANCHO CUCAMONGA, CALIFORNIA, February 19,
2007 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national
manufacturer of defense, aerospace and industrial electronic
components and communications equipment, today announced EMRISE’s
President and Chief Executive Officer, Carmine T. Oliva, will present
at the 19th Annual Roth Capital Partners “OC” Conference. This
presentation will take place on Tuesday, February 20th at 11 a.m.
Pacific Time and the presentation will be broadcast via the Internet.
- EMRISE
CORPORATION IS IN FULL COMPLIANCE WITH CONTINUED LISTING REQUIREMENTS
OF NYSE ARCA
RANCHO CUCAMONGA, CALIFORNIA, February 14, 2007 -
EMRISE CORPORATION (NYSE Arca:ERI), a multi-national manufacturer of
defense, aerospace and industrial electronic devices and
communications equipment, today announced that with the recent filings
with the Securities and Exchange Commission of its amended Form 10-K
for the year ended December 31, 2005 and its reports on Form 10-Q for
the quarterly periods ended March 31, June 30 and September 30, 2006,
the completion of the Company’s internal investigation regarding the
premature recognition of approximately $224,000 of revenue, the fact
that the Company’s common stock continues to trade over $1.00 per
share and the availability of the Company’s Corporate Governance
Guidelines on the Company’s website, EMRISE Corporation is now in full
compliance with all applicable continued listing requirements of NYSE
Arca, Inc. The Company received a letter dated February 9, 2007 from
NYSE Arca confirming the foregoing.
- EMRISE
CORPORATION WILL TELECONFERENCE AND WEBCAST ITS STOCKHOLDERS’ MEETING
OF FEBRUARY 14, 2007
RANCHO CUCAMONGA, CALIFORNIA, February 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 will broadcast
its stockholders’ meeting of February 14, 2007.
- EMRISE
CORPORATION’S SUBSIDIARY, CXR LARUS CORPORATION, RECEIVES STRATEGIC
FIRST ORDER FOR NEW TIEMPO 6400 TIMING PRODUCT
RANCHO
CUCAMONGA, CALIFORNIA, February 7, 2007 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that its subsidiary, CXR Larus Corporation (“CXR Larus”),
has received its first order for its recently announced next
generation communication timing system, the StarClock™ TiemPo™ 6400.
- EMRISE
CORPORATION’S CXR ANDERSON JACOBSON SUBSIDIARY SIGNS MANUFACTURING
AGREEMENT WITH HITACHI COMPUTER PRODUCTS EUROPE
RANCHO
CUCAMONGA, CALIFORNIA, January 30, 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 signed a manufacturing agreement with Hitachi Computer
Products Europe (“Hitachi”) whereby Hitachi will manufacture, on a
turnkey basis, a range of CXR-AJ network access products at Hitachi’s
manufacturing facility located in Orleans, France.
- EMRISE
CORPORATION’S SUBSIDIARY, PASCALL ELECTRONICS LTD., RECEIVED YEAR-END
ORDERS IN EXCESS OF $1,000,000 FOR IN-FLIGHT ENTERTAINMENT PRODUCTS
2006
BOOKINGS TOTALING $6 MILLION EXCEED 2005 BOOKINGS BY 87% RANCHO
CUCAMONGA, CALIFORNIA, January 22, 2007 - EMRISE CORPORATION (NYSE
ARCA:ERI), a multi-national manufacturer of defense, aerospace and
industrial electronic devices and communications equipment, today
announced that its subsidiary, Pascall Electronics Ltd., has received
year-end orders worth in excess of $1 million for its range of
in-flight-entertainment (“IFE”) products. This brings 2006 orders to
more than $6 million, representing a growth of 87% over the previous
year’s bookings of $3.2 million.
- EMRISE
Corporation Named One of Los Angeles’ Fastest Growing Technology
Companies in Deloitte’s Technology Fast 50 Program
RANCHO
CUCAMONGA, CALIFORNIA, October 10, 2006 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
that it has been named to Deloitte’s prestigious Technology Fast 50
Program for Los Angeles, a ranking of the 50 fastest growing
technology, media, telecommunications and life sciences companies in
the area by Deloitte & Touche USA LLP, one of the nation’s leading
professional services organizations. Rankings are based on the
percentage revenue growth over five years from 2001-2005.
- EMRISE
CORPORATION’S SUBSIDIARY, RO ASSOCIATES, RECEIVES FOLLOW-ON ORDER FOR
MILITARY POWER SUPPLIES
TOTAL 2006 SHIPMENTS ARE EXPECTED TO
EXCEED $800,000
RANCHO CUCAMONGA, CALIFORNIA, October 3,
2006 - EMRISE CORPORATION (NYSE Arca:ERI), a multi-national
manufacturer of defense and aerospace electronic components and
communications equipment, today announced that its subsidiary, RO
Associates, has won a follow-on order for power supply products from a
major military systems integrator. The products will be used in a
ground support program for military vehicles. EMRISE expects that
total shipments of these products to this customer during 2006 will
exceed $800,000.
- EMRISE
CORPORATION OBTAINS INTERIM WELLS FARGO DOMESTIC CREDIT FACILITY AND
IS IN NEGOTIATIONS FOR A NEW 3 YEAR REPLACEMENT CREDIT FACILITY WITH
WELLS FARGO
RANCHO CUCAMONGA, CALIFORNIA, September 26,
2006 - EMRISE CORPORATION (NYSE ARCA:ERI), a multi-national
manufacturer of defense and aerospace electronic components and
communications equipment, today announced that it has obtained an
interim credit facility from Wells Fargo Bank to provide working
capital financing while it negotiates a new credit facility with Wells
Fargo Business Credit.
- EMRISE
CORPORATION AWARDED PATENT FOR VERY LOW PROFILE (VLP®) SWITCHES AND
ENCODERS
RANCHO CUCAMONGA, CALIFORNIA, September 22, 2006 -
EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of
defense and aerospace electronic components and communications
equipment, today announced that EMRISE Corporation has been awarded
Patent No. 7,109,430 by the United States Patent and Trademark Office
for its Very Low Profile (VLP®) Rotary Switches and Encoders.
- EMRISE
CORPORATION’S U.K. SUBSIDIARY XCEL POWER SYSTEMS LTD HAS RECEIVED
INITIAL ORDERS FOR POWER SYSTEMS FOR U.S. MANUFACTURED OIL EXPLORATION
EQUIPMENT
Orders are in excess of $655,000 and are
expected to be shipped in 2006
RANCHO CUCAMONGA,
CALIFORNIA, September 14, 2006 - EMRISE CORPORATION (NYSE ARCA:ERI), a
multi-national manufacturer of defense and aerospace electronic
components and communications equipment, today announced that its XCEL
Power Systems Ltd. (XPS) subsidiary based in England has received
orders for electronic power systems for a U.S. oil exploration
equipment manufacturer. XPS expects to deliver approximately $655,000
of these products to this new customer in 2006.
- EMRISE
CORPORATION COMPLETES INTERNAL INVESTIGATION
RANCHO
CUCAMONGA, CALIFORNIA, August 21, 2006 EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
that the Audit Committee of the Board of Directors has completed its
internal investigation concerning the premature recognition of net
sales of certain communications test equipment units sold by a Company
subsidiary during the fourth quarter of 2004. The investigation was
initiated in response to an inquiry from the staff of the Securities
and Exchange Commission’s Division of Enforcement. The Audit Committee
has concluded, with the assistance of legal and accounting
professionals, that approximately $224,000 of net sales of
communications test equipment units that previously had been reported
as revenue for the fourth quarter of 2004 did not meet applicable
revenue recognition criteria until the first quarter of 2005. The
Company expects to reflect this shift in revenue in its restated
financial statements, which the Company anticipates filing with the
Securities and Exchange Commission during October 2006. Although the
premature recognition of revenue was confined to one order of product
at a single business unit of the Company, the Audit Committee’s
investigation extended to all of the Company’s business units. The
Audit Committee did not discover evidence of any other improper
revenue recognition within the subject business unit or any other
business unit of the Company. The Company continues to cooperate fully
with the Securities and Exchange Commission in its inquiry and will
continue to update NYSE Arca on a monthly basis.
- EMRISE Corporation’s
CXR Larus Subsidiary Receives Initial Deliveries of the StarClock™ 200
Timing Product From Outsourcing Partner Hitachi OMD
RANCHO
CUCAMONGA, CALIFORNIA, May 31, 2006- EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
that its CXR Larus subsidiary in San Jose, CA, has received first
production deliveries of its StarClock™ 200 line of products from its
turnkey contract manufacturer, Hitachi OMD of Norman, OK. The network
timing and synchronization product is the first product to be
outsourced to Hitachi and the Company expects order placement for its
new StarSync™ timing and synchronization product as well as other
network access and transmission products will follow throughout 2006.
- EMRISE
CORPORATION ANNOUNCES EXCHANGE LISTING LETTER
RANCHO
CUCAMONGA, CALIFORNIA, May 16, 2006 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
that on May 15, 2006, 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 March 31, 2006, the price per share of the
Company’s common stock has averaged below $1.00 for 30 consecutive
trading days. At the request of the Staff the Company intends to
submit to the Staff no later than June 5, 2006, a plan that describes
how the Company intends to regain compliance with the $1.00 price
criteria in order to retain its listing.
- EMRISE
CORPORATION TO RESTATE FINANCIALS
RANCHO CUCAMONGA,
CALIFORNIA, May 9, 2006 - EMRISE CORPORATION (NYSE Arca:ERI), a
multi-national manufacturer of defense and aerospace electronic
components and communications equipment, today announced that it plans
to restate its financial statements for 2005 and 2004 due to the
apparent premature recognition during the quarter ended December 31,
2004 of approximately $224,000 of net sales of communications test
equipment units that were not actually delivered to the customer
during that quarter and thus did not meet all applicable revenue
recognition criteria until after that quarter.
- EMRISE
CORPORATION TO PRESENT AT THE AeA MICRO CAP CONFERENCE MAY 9, 2006
RANCHO
CUCAMONGA, CALIFORNIA, May 2, 2006 - EMRISE CORPORATION (NYSE Arca:
ERI), a multi-national manufacturer of defense and aerospace
electronic components and subsystems and communications equipment,
today announced EMRISE’s President and Chief Executive Officer,
Carmine T. Oliva, will present at the AeA Micro Cap Financial
Conference in Monterey, California, May 9th at the Monterey Plaza
Hotel on Cannery Row in Monterrey.
- EMRISE
CORPORATION ANNOUNCES CHANGE OF AUDITORS
RANCHO CUCAMONGA,
CALIFORNIA, April 19, 2006- EMRISE CORPORATION (NYSE Arca:ERI), a
multi-national manufacturer of defense and aerospace electronic
components and communications equipment, today announced that it has
discontinued the services of its previous auditors and engaged Hein &
Associates LLP (“Hein”) as its new auditors. There were no reportable
disagreements on any accounting principles or practices, financial
statement disclosure or auditing scope or procedures with the prior
auditors.
- EMRISE
CORPORATION SUBSIDIARY CXR LARUS CORPORATION ANNOUNCES AVAILABILITY OF
NEW STARCLOCKTM 200E (EXPANDABLE)
FORECASTED 2006 REVENUE
OF $2.3 MILLION IS EXPECTED FROM THE PRODUCT ENHANCEMENTRANCHO
CUCAMONGA, CALIFORNIA, April 6, 2006 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
that its CXR Larus subsidiary in San Jose, California, has introduced
a new product enhancement to its standard base StarClock™ 200 timing
and synchronization product, the new StarClockTM 200E. This product is
an expandable timing system that permits the addition of new expansion
shelves to be added to the base StarClock™ 200 master shelf. The
master shelf can control a total of eight expansion shelves, meaning
that well over 3,000 Stratum 1 accuracy outputs are available for
fully timing even the largest central office.
- EMRISE CORPORATION’S
CXR ANDERSON JACOBSON SUBSIDIARY LAUNCHES NEW POINT OF SALE PRODUCT
LINE
2006 REVENUE IS EXPECTED TO EXCEED $2 MILLION
RANCHO
CUCAMONGA, CALIFORNIA, April 4, 2006 - EMRISE CORPORATION (NYSE
Arca:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
that its French subsidiary CXR Anderson Jacobson (“CXR-AJ”) has
launched a new product line: General Packet Radio System (“GPRS”) and
Asymmetric Digital Subscriber Line (“ADSL”) Point of Sale (“POS”)
products with expected sales of $2 million in 2006.
- EMRISE
CORPORATION ANNOUNCES FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL
YEAR 2005
RANCHO CUCAMONGA, CALIFORNIA, March 31, 2006 -
EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of
defense and aerospace electronic components and communications
equipment, today announced anticipated financial results for the three
and twelve month periods ended December 31, 2005. For the quarter
ended December 31, 2005, net sales were $12.6 million, an increase of
$2.8 million, or 28.6%, compared to $9.8 million reported in the
fourth quarter of 2004. The increase in net sales includes $3.8
million of revenues attributable to the March 2005 acquisition of
Pascall Electronics Ltd. (“Pascall”) and $1.0 million of revenues from
RO Associates, Inc. (“RO”) acquired effective August 31, 2005. EMRISE
also recorded a $700,000 increase in sales of digital and rotary
switches. These increases were partially offset with a $1.5 million
decline in sales of communications test instruments due to a lack of
year-end budgetary spending by the telecom carriers and a $660,000
decrease in sales of power supplies due to delays in the delivery
schedules for the Eurofighter Typhoon aircraft.
- EMRISE
CORPORATION Announces Its Common Shares Now Trade on the NYSE Arca
Exchange;
EMRISE’s Stock Will Continue to Trade Under the
Ticker Symbol ‘ERI’
RANCHO CUCAMONGA,
CALIFORNIA, March 29, 2006- EMRISE CORPORATION (NYSE Arca:ERI), a
multi-national manufacturer of defense and aerospace electronic
components and communications equipment, today announced that by
virtue of its previous listing on the Archipelago Exchange (ArcaEx) in
August 2005, the company’s common stock now trades on NYSE Arca,
formerly known as ArcaEx. NYSE Arca is operated by the NYSE Group
Inc., which was created as a result of the recently completed merger
between Archipelago Holdings, Inc. and the New York Stock Exchange,
Inc.Carmine T. Oliva, Chairman, President and CEO, stated: “We are
especially pleased to be associated with the NYSE Group Inc. through a
listing on their NYSE Arca exchange. We believe the NYSE Arca exchange
will continue as an innovative all-electronic regulated national
exchange and will provide investors with continued unprecedented
openness and transparency to the companies it lists. We further expect
rigorous new requirements for listing that will attract larger
desirable companies to list on the exchange, as well as other
improvements to the exchange.”
- EMRISE
CORPORATION ANNOUNCES THE COMPANY’S 2005 AND FOURTH QUARTER CONFERENCE
CALL
RANCHO CUCAMONGA, CALIFORNIA, March 24, 2006 - EMRISE
CORPORATION (PCX: ERI), a multi-national manufacturer of defense and
aerospace electronic components and communications equipment, today
announced that it will hold a conference call to discuss the company’s
fourth quarter and full year 2005 financial results on Friday, March
31, 2006 at 11:30 a.m. EST (8:30 a.m. PST).The company will also
release its results in a press release on Friday, March 31, 2006.To
participate in the conference call, dial the following phone number 5
to 10 minutes prior to the scheduled conference: 877-407-9210.
International callers should dial 201-689-8049. There is no pass code
required for this call.This conference call will also be broadcast
live over the Internet and can be accessed at www.vcall.com. To listen
to the live call, go to the Web site at least 15 minutes prior to the
start of the call to register, download and install any necessary
audio software.
- EMRISE
ELECTRONICS CORPORATION ACCEPTS INVITATION FROM BOEING TO JOIN
“SUPPLIER EXCELLENCE ALLIANCE”
RANCHO
CUCAMONGA, CALIFORNIA, March 16, 2006 - EMRISE CORPORATION (PCX:ERI),
a multi-national manufacturer of defense and aerospace electronic
components and communications equipment, today announced it’s
subsidiary, EMRISE Electronics Corporation (EEC), has accepted an
invitation from The Boeing Company to join the Supplier Excellence
Alliance (SEA), an organization comprised of leading aerospace and
defense prime contractors, major subcontractors and critical component
and sub-systems OEM suppliers. The organization works together to
improve capabilities and to ensure American competitiveness. The SEA
alliance includes prime contractors such as BAE Systems, Boeing,
Lockheed Martin, Cessna, Northrop Grumman, L3, among others that are
working with select manufacturing companies in their supply chain to
ensure continuous improvement in reliability, costs and on-time
deliveries.
- EMRISE CORPORATION’S
NEWLY FORMED ELECTRONICS GROUP RECEIVES $1 MILLION AEROSPACE CONTRACT
RANCHO
CUCAMONGA, CALIFORNIA, February 28, 2006 - EMRISE CORPORATION
(PCX:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communications equipment, today announced
that a subsidiary of its newly formed EMRISE Electronics group has
received a $1 million contract for delivery of electronic components
and sub-systems. The electronic components will be delivered to the
customer over a nine-month period beginning in May 2006.
- EMRISE CORPORATION
TO PRESENT AT THE ROTH CAPITAL PARTNERS “OC” CONFERENCE FEBRUARY 22,
2006
RANCHO CUCAMONGA, CALIFORNIA, February 16, 2006 -
EMRISE CORPORATION (PCX: ERI), a multi-national manufacturer of
defense and aerospace electronic components and subsystems and
communications equipment, today announced EMRISE’s President and Chief
Executive Officer, Carmine T. Oliva, will present at the 18th Annual
Roth Capital Partners “OC” Conference. This presentation will take
place on February 22nd at 2 p.m. Pacific Time and the presentation
will be broadcast via the Internet.
- ROYAL SAUDI AIR
FORCE TYPHOON AIRCRAFT DEAL ENHANCES TRANCHE 2 DELIVERIES FOR EMRISE
RANCHO
CUCAMONGA, CALIFORNIA, February 2, 2006 - EMRISE CORPORATION
(PCX:ERI), a multi-national manufacturer of defense and aerospace
electronic components and communication equipment today announced its
U.K. subsidiaries, which are existing suppliers of power supplies and
RF components and subsystems, are expected to benefit from the amended
agreement signed in December 2005 by the Governments of the Kingdom of
Saudi Arabia and the United Kingdom of Great Britain and Northern
Ireland.
- EMRISE's
Subsidiary, CXR Larus Corporation, Continues to Receive FAA Orders for
FT2ER Fiber Transmission Product to Upgrade Communications Systems at
Tier 1 Airports
RANCHO CUCAMONGA, California -January 18,
2006 - EMRISE CORPORATION (PCX:ERI), a multi-national manufacturer of
defense and aerospace electronic components and communication
equipment, today announced that its subsidiary, CXR Larus Corporation,
has received $260,000 in additional follow-on orders for immediate
delivery from the Federal Aviation Administration (FAA) for its Model
FT2ER extended range fiber transmission product. These orders are part
of a multi-year program by the FAA to upgrade the communications
systems of Tier 1 airports in the United States.
- EMRISE’S
SUBSIDIARY, PASCALL ELECTRONICS LTD. RECEIVES CONTRACT FROM THALES FOR
A RANGE OF RF PRODUCT
RANCHO CUCAMONGA, CALIFORNIA, January
12, 2006 - EMRISE CORPORATION (PCX:ERI), a multi-national manufacturer
of defense and aerospace electronic components and communication
equipment, today announced that its subsidiary, Pascall Electronics
Ltd., has received an initial order for $225,000 for newly introduced
Microwave Frequency Signal Sources. The order is to be delivered
before the end of March 2006.
- EMRISE'S
Subsidiary, CXR Larus, Releases Initial Production Orders for the New
StarClock™ 200 Timing Products to Hitachi Oklahoma Manufacturing
Division (OMD)
RANCHO CUCAMONGA, Calif.- January 10,
2006--EMRISE CORPORATION (PCX: ERI), a multi-national manufacturer of
defense and aerospace electronic components and communication
equipment, today announced that its subsidiary, CXR Larus Corporation,
has released the initial pilot and follow-on production orders for its
StarClock™ 200 line of products to its turnkey contract manufacturer,
Hitachi OMD of Norman, Okla. Delivery of these orders in the first
quarter will service the requirements of CXR Larus’ customers for late
first quarter and second quarter.
- EMRISE
CORPORATION REVISES FINANCIAL OUTLOOK FOR 2005 AND 2006
RANCHO
CUCAMONGA, CALIFORNIA, December 22, 2005 - EMRISE CORPORATION (PCX:
ERI), a multi-national manufacturer of defense and aerospace
electronic components and subsystems and communications equipment,
yesterday announced a revised financial outlook for 2005 and 2006. The
revised outlook was discussed during the Company’s annual
stockholders’ meeting, which was held yesterday and which was web-cast
for investors.
- EMRISE
CORPORATION WILL TELECONFERENCE AND WEBCAST ITS STOCKHOLDERS’ MEETING
OF DECEMBER 21, 2005
RANCHO CUCAMONGA, CALIFORNIA, -
December 15, 2005 - EMRISE CORPORATION (PCX: ERI), a multi-national
manufacturer of defense and aerospace electronic components and
communications equipment, today announced that it will broadcast the
management comments of its stockholders’ meeting of December 21, 2005.
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