CirTran Recieves Additional Orders for Multiple New Locations of the United States Navy; CirTran's Product to be Installed on Naval Ship Carriers.SALT LAKE CITY -- CirTran Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CIRT CIRT Computer Incident Response Team CIRT Critical Incident Response Team CIRT Camara Nacional de La Industria de Radio y Television (Mexican Association of Broadcasters) CIRT Central Institute of Road Transport ), an international full-service contract electronics manufacturer of printed circuit board assemblies, cables and harnesses, today announced that it has received an additional order for its OptiCORE 100FX Fiber Optic M8192 Network Adaptor Card for the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. to be installed in multiple new locations. The order was placed by Dimensional Marketing Inc., a South Carolina-based Business to Government (B2G (Business to Government) Refers to commercial enterprises selling to government agencies. See B2B. ) firm. The order was placed through CirTran's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Racore Technology Corp. The Navy has tested and approved the product last October. Racore is projecting continued reorders from the United States Navy and multiple other government agencies. The cards will be installed in multiple government office locations in addition to select naval ship carriers. Trevor M. Saliba, executive vice president of worldwide business development, commented, "We are very proud of the continued interest in Racore's Local Area Network (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) products from multiple government agencies and Fortune 500 companies. This contract represents another United States government agency continuing to utilize the advanced technology and high security of Racore's products, which are manufactured by its parent company, CirTran Corp." The company anticipates continued repeat business as multiple government agencies continue to upgrade their network systems. About Racore Technology Corp. Racore was founded in 1983 and reorganized as Racore Technology Corp. in 1997. As a pioneer in the LAN arena in the 1980s, Racore helped define Token-Ring as a member of the IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.5/802.2 committees. The company was one of the first to deliver Token-Ring adapters conforming to this new standard, while offering significantly better performance and more economical prices than IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) or other suppliers of compatible products. Today, Racore Technology designs, develops, manufactures and markets high-performance local area network products with emphasis on fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , Token-Ring and 10/100 Ethernet technologies. Over the past 15 years, Racore has developed extensive technology to provide high-performance copper and fiber connectivity solutions linking LAN backbones to the desktop. For more information, please visit the company's Web site at www.racore.com. About CirTran Corp. Founded in 1993, CirTran Corp. has established itself as a premier full-service contract electronics manufacturer by building printed circuit board assemblies, cables and harnesses to the most exacting specifications. CirTran is headquartered in Salt Lake City, with a state-of-the-art 40,000 square foot facility. CirTran also provides "just-in-time" inventory management techniques that minimize the OEM's investment in component inventories, personnel and, related facilities, thereby reducing costs and ensuring speedy time to market. For further information about CirTran, please visit the company's Web site located at www.cirtran.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend" and similar expressions to identify forward-looking statements. These statements are based on the company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the company's periodic filings with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion