EMRISE RECEIVES NETWORK ACCESS PRODUCTS ORDER FOR NATIONAL TRANSPORTATION COMMUNICATION NETWORK IN NORTH AFRICA
EATONTOWN, NJ - July 7, 2010 - EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has received an order for approximately $440,000 for network access products to be installed in a transportation communication network in French-speaking North Africa. The order was received from a long standing customer by the Company's CXR-Anderson Jacobson (CXR-AJ) subsidary based in France and is expected to be shipped in the third quarter of this year.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said order activity for its communications products in Europe and French-speaking North Africa is increasing and the Company's communications equipment backlog in France is once again growing.
"This order is part of what we believe is becoming an increasing flow of orders for CXR-AJ's network communications products to be installed in communications networks in French-speaking North Africa," Oliva added. "Our business in France has been the weakest of all of our operations for more than a year, but with the recent trend of increased orders in Europe and North Africa, our communications equipment backlog has reached €1.3 million in local currency (approximately $1.6 million), and is now the highest in local currency that it has been since 2002.
"We believe we are seeing the start of a meaningful increase in demand for communications products in Europe, French-speaking North Africa and the U.S., and we expect to see that demand continue to increase in the second half of this year," Oliva said. "As this occurs, it is our belief that we are well positioned to capitalize on the increasing demand with our validated and advanced technology line of communications products, which should positively impact the execution of our strategies to grow the Company and increase value for our stockholders."
About CXR-Anderson Jacobson
CXR-Anderson Jacobson manufactures transmission and network access products for private networks, public carriers, transportation, and government/military applications. Its products include fiber optic, DSL and voice frequency (VF) modems for large private and public networks; and an increasing array of IP products including a full range of routers and terminal servers.
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. EMRISE serves customers in North America, Europe and Asia through operations in the United States, England and France. The Company has built a worldwide base of customers throughout the U.S., Europe and Asia. 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, the matters discussed in this news release including but not limited to the Company's ability to ship the products described in this release in the third quarter of 2010, EMRISE's belief that this order is part of an increasing flow of orders for CXR-AJ's network communications products to be installed in communications networks in French-speaking North Africa, EMRISE's belief that it is seeing the start of a meaningful increase in demand for communications products in Europe, French-speaking North Africa and the U.S, its expectation that demand will continue to increase in the second half of this year, and the Company's belief that it is well positioned to capitalize on the increasing demand, which should positively impact the execution of its strategies to grow the Company and increase value for stockholders 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 difficulties, unforeseen design, quality or performance issues associated with the products described in this press release, unforeseen delays by EMRISE vendors, within the manufacturing process or by our customer regarding the desired delivery date, economic, political or other factors which may affect the customer for the products described in this press release which may delay or eliminate the need for such products, and those factors contained in the "Risk Factors" Section of EMRISE's Form 10-K for the year ended December 31, 2009, Form 10-Q for the quarterly period ended March 30, 2010, and other EMRISE filings with the Securities and Exchange Commission.
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