|
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. They will be installed in commercial passenger “In-Flight-Entertainment” and communications systems. Commenting on the contract, Graham Jefferies, Chief Operating Officer EMRISE Corporation, stated, “The ‘In-Flight-Entertainment’ systems market is a primary growth opportunity for our electronic components group. With the acquisitions of RO Associates in the U.S. and Pascall Electronics Ltd. in England in 2005, we are now shipping product to all three major systems manufacturers building product for both Boeing and Airbus.” Carmine T. Oliva, Chairman, President and CEO of EMRISE Corporation, commented, “We have recently begun an advertising campaign in the U.S. and Europe featuring our range of power supplies, RF components and sub-systems, that are now available from local EMRISE production facilities not only in Europe but also now available from our U.S. production source in Sunnyvale, Calif. By combining three EMRISE operating units into EMRISE Electronics group we have formed a $30 million revenue entity that can more effectively seek larger contracts from our customers than any of the three operating units might otherwise obtain as smaller individual operating units. This contract marks one of the first for ‘In-Flight- Entertainment’ Systems since forming this group, validating our expectations when we acquired RO Associates and Pascall Electronics Ltd., and reinforcing our expectations for growth in this group, as we included this contract in our prior projections.” About EMRISE CORPORATION EMRISE Corporation is a multi-national manufacturer of defense and aerospace electronic components and communications equipment. EMRISE’s electronic components group, which consists of EMRISE Electronics Corporation and its international subsidiaries, provides custom power conversion, RF components and subsystems as well as digital and rotary switches to the North American, European and Asian electronic components market. These products are primarily used for defense, aerospace and industrial applications. EMRISE’s communications equipment group, consisting of CXR Larus Corporation and its subsidiary CXR Anderson Jacobson, provides network access, satellite timing and synchronization and transmission products as well as communications test equipment to the North American, European and Asian communications industry. Founded in 1983, EMRISE operates out of facilities in the United States, England, France and Japan. As of January 31, 2005, EMRISE had a total of 327 employees in its various subsidiaries and divisions. Website: www.emrise.com. Listed on ArcaEx® under the ticker symbol: ERI. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of EMRISE CORPORATION could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the ability of EMRISE’s Electronics components group to produce and ship $1M of electronic components over a nine month period beginning in May 2006 to our customers, the continuation of shipments to all three major In-Flight-Entertainment systems manufacturer building product for Boeing and Airbus that our combined group will more effectively offer larger contracts from our customers and those factors contained in the “Risk Factors” Section of the company’s Form 10-K for the year ended December 31, 2004.
|

