EMRISE CORPORATION RECEIVES REPEAT ORDERS FOR MILITARY POWER SUPPLIES VALUED AT APPROXIMATELY $900,000Will Ensure Continuity of Supply for an On-going Multi-year Program
The orders were received from this long standing customer by the Company's U.K.-based subsidiary, Pascall Electronics Ltd., which will design and build the power supplies at its facility on the Isle of Wright in England. EMRISE Chairman and CEO Carmine T. Oliva said, "The sale of our products for use in military projects has long been a strategic focus of the Company. Over the years we have built a solid reputation of providing a robust line of custom-built and standard power supply products that have proven their ability to meet the stringent specifications required for use in rugged military applications. In addition, our power products have become market leaders in the area of compact size and high power output. This particular order is for a high quality, custom power unit that delivers reliable performance in a smaller footprint than many of our competitors can provide." About EMRISE Corporation Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 With the exception of historical information, certain matters discussed in this press release including EMRISE's ability to deliver the products discussed in this release in the magnitude and in the time frames discussed ($900,000 beginning second quarter of 2010 and continuing into 2011), and the ability to ensure continuity of supply for an on-going multi-year program, may be interpreted as forward looking statements. The actual future results of EMRISE could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to unforeseen technical issues, unforeseen changes in customer demand, unforeseen delays in receipt of materials from our vendors, inability of our products to meet customer specifications, changes in the economic, industry or political climate that may negatively impact demand for our future products. The Company refers you to those factors contained in the "Risk Factors" Section of EMRISE's Form 10-K for the year ended December 31, 2008, Form 10-Q for the quarterly period ended September 30, 2009, and other EMRISE filings with the Securities and Exchange Commission.
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