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EMRISE CORPORATION RECEIVES $2 MILLION IN ORDERS FOR
IFE&C Business Is Major Growth Driver; First Month’s 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. “Next generation IFE&C business is a primary growth driver for EMRISE. Our IFE&C growth is being driven by the installation of new next generation IFE&C equipment by domestic and international carriers. Applications for our IFE&C products are for new aircraft and retrofits to aircraft already in service”, said Chairman, President and CEO Carmine T. Oliva. He noted that, “these orders for $2 million of IFE&C products follows $2 million of orders announced in mid-January for other earlier generation IFE products.” (Reference EMRISE press release dated 01-15-08). “Based on our customer’s increasing interest in our new next generation IFE&C product line, we are confident that our 2008 revenue, in this expanding market, will greatly surpass our 2007 IFE&C revenue,” Oliva said. “January orders for this year already exceed 50% of our IFE&C orders for all of last year. This business will be a major contributor to our organic growth in 2008 and beyond.” Oliva added, “We are working to complete an acquisition in the U.S. to complement our U.K. based IFE&C business, which will further increase our revenue and net income. As previously announced EMRISE recently secured a $23 million debt financing (reference EMRISE press release dated 12-5-07) of which $10 million is specifically available to finance such an acquisition.” About EMRISE Corporation EMRISE Corporation designs, manufactures and markets proprietary electronic devices and communications equipment for aerospace, defense, industrial, and communications applications. EMRISE is focusing on such growth areas as in-flight entertainment and communications (IFE&C), edge network communications timing and synchronization and other network access products. The Company’s products convert and supply power; receive and process radio frequency (RF) and microwave signals; execute switching controls; perform data, voice and video network access communications; and provide network access, timing and synchronization. EMRISE has operations in the United States, England, France and Japan. The Company has built a worldwide base of customers including all of the Fortune 100 in the U.S. that do business in markets served by EMRISE and many similar-size companies in Asia and Europe. 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, including without limitation, EMRISE’s ability to deliver new or existing IFE orders in the second quarter or throughout 2008, ability to surpass its 2007 IFE revenue, ability of next generation IFE&C orders to be a major contributor to our organic growth in 2008 and beyond, and its ability to complete an acquisition and its optimistic outlook for IFE&C products are all forward-looking statements that involve a number of risks and uncertainties. Actual future events could differ from those statements due to uncertainties such as unforeseen technical difficulties in manufacturing such products by EMRISE, failure on the part of EMRISE’s customers to accept delivery of such products according to expected timelines, failure of the commercial airline industry to accept new IFE&C technology or failure to implement such technology as rapidly as expected, failure of commercial carriers to upgrade their fleets as expected or to make such upgrades at a slower pace than is expected, lack of profitability, the inability for the Company to successfully grow its IFE&C businesses, and other risks as contained in the Company’s public statements and its periodic reports and other filings with the Securities and Exchange Commission.
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