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EMRISE receives $2.1 million contract to manufacture custom power systems for military aviation program

EMRISE Corporation, a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that it has been awarded a contract valued at approximately $2.1 million (£1.3 million) to manufacture custom power systems to be used in an existing military aviation program. The contract was awarded to the Company's U.K. subsidiaries by a major military systems integrator, which is a longstanding EMRISE customer.

Shipments of the custom power systems are expected to begin in early 2012 and be completed over a four-year period. Future follow-on orders for additional production systems are expected.

EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said this multi-million dollar contract is indicative of the increasing number of military program opportunities the Company is pursuing. Oliva also noted that this contract brings the total value of contracts and orders announced in a little more than 30 days for products supplied by both its Electronic Devices and Communications equipment business units to nearly $8 million, which further strengthens EMRISE's growing backlog.

"We are very encouraged by the order trends for commercial and military products we are experiencing in both our Electronic Devices and Communications Equipment business units," Oliva added. "We believe our overall backlog from continuing operations for the 2010 year end reached record levels and that it will grow in 2011. Going forward, we believe we will continue to see an increase in the rate of new development contracts and follow-on orders for new and existing military programs, commercial power systems, inflight entertainment and connectivity systems and a range of communications equipment including network access, and timing and synchronization systems."

EMRISE has longstanding relationships with its large international customer base and a track record of successfully delivering to its customers high quality, custom and proprietary, off-the-shelf communications equipment and electronic devices and subsystems for a broad range of demanding military and commercial applications, all of which the Company believes will help drive increased business going forward.

Press release issued by Emrise Corporation on January 11, 2011

 

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Emrise Corporation

 

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Electrical Power Systems

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