Durham, NC (GLOBE NEWSWIRE) - EMRISE CORPORATION (OTCQB:EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received a $1.2 million order for electronic devices to be used in In-Flight Entertainment and Connectivity (IFE&C) systems to be installed in commercial aircraft. The order was received from a longstanding customer by the Company's Pascall Electronics Ltd. subsidiary in England. Shipments of the order are expected to commence in the fourth quarter of 2013 and continue through 2014.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said the industry-wide demand for advanced IFE&C systems from domestic and international carriers remains strong, driven in part by the emerging rebound in the financial performance of the global airline industry.
"In addition to increasing efficiency and reducing costs, airlines continue to seek additional revenue sources that enhance a passenger's travel experience," Oliva said. "We believe the airline industry's need for additional sources of profitable revenue will continue to be a major factor behind the industry's demand for new multimedia IFE&C systems."
Today's advanced IFE&C systems are now being installed in both new and existing short- and long-haul aircraft and they can deliver to the passenger seat a variety of multimedia entertainment features including satellite television and a number of communications features such as GSM for in-flight mobile phone use and Broadband for access to Internet, e-mail and messaging services.
About EMRISE Corporation
EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE electronic devices products perform key functions such as power supply and power conversion, and radio frequency (RF) and microwave signal processing. Its electronic devices and communications equipment products are used in a range of applications including on-board In-Flight Entertainment and Connectivity systems, and network access to public and private communications networks. EMRISE serves its base of customers in Europe, North America and Asia through operations in England, France and the United States. For more information, go to www.emrise.com.
EMRISE common stock trades under the symbol EMRI on OTCQB. Real-Time quotes and Level 2 information for EMRISE stock can be found at www.otcmarkets.com, or on the Company's website at http://www.emrise.com/investor_relations/stock_quote/index.htm.
Safe Harbor Statement under Private Securities Litigation Reform Act of 1995
With the exception of historical information, certain matters discussed in this press release, including but not limited to EMRISE's expectation that shipments of the order are to commence in the fourth quarter of 2013 and continue through 2014; and its belief that the industry-wide demand for advanced IFE&C systems from domestic and international carriers remains strong, are forward-looking statements involving risks and uncertainties. Actual future results of EMRISE could differ from those statements. EMRISE also 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, 2011, its Quarterly Reports on Form 10-Q, Current Reports on Form 8-K filed recently, and other EMRISE SEC filings.
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SOURCE: EMRISE Corporation