DURHAM, N.C., Dec. 19, 2013 (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 an order for approximately $1 million in network access products for use in a high profile network application to be installed by a European government.
The order was received from a major European systems integrator by the Company's CXR-Anderson Jacobson subsidiary based in France, and is expected to be shipped during the first and second quarters of 2014.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said that as the Company enters 2014, order activity for its communications products in Europe and certain countries in North Africa is enabling its French subsidiary to maintain its communications equipment backlog at the higher levels achieved throughout 2013.
"We have longstanding relationships with resellers, system integrators and end user customers in those regions of the world, and we have considerable experience in the application of our network access products in a number of key commercial, industrial and government market segments," Oliva said. "Because of these competitive strengths, we believe we are well positioned to capture our share of the demand for communications products in Europe and the French-speaking countries of North Africa."
About CXR-Anderson Jacobson
CXR-Anderson Jacobson, located in France, manufactures transmission and network access products for private networks, utilities, public carriers, transportation, and government/military applications. Its products include multiplexors, routers and terminal servers, media convertors, DSL and fiber optic modems for large private and public networks, and an increasing array of IP and Pseudo-wire products.
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 to public and private communications networks. The use of its network products in public and private, legacy and latest Ethernet and Internet Protocol (IP) networks is a primary growth driver for the Company's Communications Equipment business units. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board In-Flight Entertainment and Connectivity systems is a primary growth driver for the Company's Electronic Devices business units. 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 on EMRISE, go to www.emrise.com.
EMRISE common stock trades under the symbol EMRI on OTCQB, the venture marketplace for companies that are current in their reporting with a U.S. regulator. Investors can find Real-Time quotes and market information for EMRISE at www.otcmarkets.com.
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 beliefs that the order will ship in the first and second quarters of 2014; order activity for its communications products in Europe and certain countries in North Africa is increasing, which is helping drive growth of its communications equipment backlog in France; and that because of its competitive strengths, it is well positioned to capture its share of the demand for communications products in Europe and the French-speaking countries of North Africa are all 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, 2012, 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