EMRISE RECEIVES $1 MILLION FOLLOW-ON ORDER FOR ELECTRONIC SUB-ASSEMBLIES USED IN OIL AND NATURAL GAS DRILLING
DURHAM, NC - December 2, 2010 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that it has received a $1 million follow on production order for electronic sub-assemblies from an existing U.S.-based multinational customer for use in a harsh environment oil and natural gas drilling application. Shipments against this order are expected to occur monthly beginning in the first quarter of next year and are expected to end in the fourth quarter of 2011.
EMRISE Chairman and CEO Carmine T. Oliva said, "This order is further evidence of the success of our strategy to diversify and offer products for harsh environment commercial applications, which leverage our military expertise. This customer is a market-leading multinational company with whom we have developed an excellent long-term relationship. Our performance and quality and our responsive and efficient manufacturing have enabled us to meet the rigorous requirements of the exploration equipment market by delivering a reliable and cost effective product."
About EMRISE Corporation
EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access and timing and synchronization of communications networks. The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company's Communications Equipment business segment. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board in-flight entertainment and communications systems is a primary growth driver for the Company's Electronic Devices business segment. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. For more information go to www.emrise.com.
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 are forward looking statements within the meaning of the Private Securities Litigation Reform Act, including the expectation that shipments are expected to occur monthly beginning in the first quarter of 2011and ending in the fourth quarter of next year. The actual future results of EMRISE could differ from those statements. The Company refers you to those factors contained in the "Risk Factors" Section of EMRISE's Annual Report on Form 10-K for the year ended December 31, 2009, as amended, Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2010, its Current Reports on Form 8-K filed in recent months, and other EMRISE filings with the SEC.
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