EMRISE CORPORATION LAUNCHES NEW NETWORK ACCESS PRODUCT
Receives first Order for Strategically Important New Product from Large European Public Utility
DURHAM, NC – August21, 2012…EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment,announced today that it has launched a strategically important new network access product and received its first order for the product valued at approximately $360,000 (€290,000) from a large public utility inEurope. The prototype of this new product was delivered to this customer earlier in 2012 and EMRISE expects to begin deliveries of this production order for the new product in the fourth quarter of 2012.
The order was receivedby the Company’s CXR Anderson Jacobson (CXR-AJ) subsidiary located in France. CXR-AJ develops and sells a wide range of communications equipment.
EMRISE Chief Executive Carmine T. Oliva said this order is a direct result of the Company’s executionof its strategy to increase its penetration of the utilities markets in Europeand the United States. He also noted that management believes thisparticular order for a new customized network access product for a large European public utility is evidence of continuing strength in this important and growing market.
“This new networkaccess product can readily be adapted to meet the specific needs of other publicutilities in Europe and in North America,”Oliva added. “And, it is because of its adaptability that we expect it will become a strategically important additionto our overall product range for the utilities market.”
The new networkaccess product is based on a technology that is parallel to the Company’s recentlyreleased CIP-All product that has been qualified by a dominant European telecommunications company and a major European-basedinternational utility company for use in their enterprise network applications.
“We believe these recentcustomer qualifications of CIP-All and the release of this new product will enhance our ability to generate orders and further penetrate the utilities marketsin Europe and the United States, which is a major focus of our Communications Equipment business,” Oliva said.
About EMRISE Corporation
EMRISE designs, manufactures and marketselectronic devices, sub-systems and equipment for aerospace, defense,industrial and communications markets. EMRISE products perform key functions such as power supply and powerconversion; radio frequency (RF) and microwave signal processing; and networkaccess to public and private communications networks. The use of its network products in public andprivate, legacy and latest Ethernet and Internet Protocol (IP) networks is aprimary growth driver for the Company's Communications Equipment businesssegment. The use of its power supplies,RF and microwave signal processing devices and subsystems in on-board In-FlightEntertainment and Connectivity systems is a primary growth driver for theCompany's Electronic Devices business segment. EMRISE serves the worldwide baseof customers it has built in North America, Europe and Asia through operationsin the United States, England and France. EMRISE is a publicly traded company whosecommon stock trades on the OTCBB under the symbol EMRI. For more information, go to www.emrise.com.
Safe HarborStatement under the Private Securities Litigation Reform Act of 1995
With the exception of historical information,the matters discussed in this press release, including without limitationEMRISE’s expectations that: it will begin deliveries of this production orderfor the new product in the fourth quarter of 2012; this particular order for a new customized networkaccess product for a large European public utility is evidence of continuingstrength in this important and growing market; the product can be readily adaptable to the specificneeds of other public utilities in Europe and the United States; the product will be a strategically importantaddition to the Company’s overall product range for the utilities market; and therecent customer qualifications of CIP-All and the release of this new productwill enhance the Company’s ability to generate orders and increase its penetration of theutility markets in Europe and the United States, are forward-looking statementsthat involve a number of risks and uncertainties. The actual future results ofEMRISE Corporation could differ from those statements. Factors that could causeor contribute to such differences include, but are not limited to, unforeseentechnical issues, unexpected vendor or customer delays, and unexpected changesin the economic, political or overall business climate. The Company alsorefers you to those factors contained in the "Risk Factors" Sectionof EMRISE's Annual Report on Form 10-K for the year ended December 31, 2011, itsQuarterly Reports on Form 10-Q, its Current Reports on Form 8-K filed in recentmonths, and other EMRISE filings with the SEC.