Printer Friendly
The Free Library
19,170,192 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

EMRISE's Pascall Electronics Ltd. Subsidiary Receives Additional Orders in Excess of $1 Million for In-Flight Entertainment Products.


RANCHO CUCAMONGA, Calif. -- EMRISE CORPORATION (NYSE ARCA:ERI Eri (ē`rī), in the Bible, son of Gad. ), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that its subsidiary, Pascall Electronics Ltd., has received additional follow-on orders worth in excess of $1 million for its range of In-Flight-Entertainment & Communications ("IFE Ife (ē`fā), city (1991 est. pop. 262,000), SW Nigeria. Located in a farm region, the city is an important center for marketing and shipping cacao. According to tradition, Ife is the oldest Yoruba town (founded c.1300).  & C") devices. Deliveries are scheduled to begin in the fourth quarter of 2007 and are planned to be completed early 2008.

Pascall provides a range of power systems, Radio Frequency ("RF") devices and integrated communications subsystems for multimedia IFE & C systems for video on demand and GSM communication products for retro fit and new build commercial aircraft.

Commenting on the follow-on orders, Carmine carmine /car·mine/ (kahr´min) a red coloring matter used as a histologic stain.

indigo carmine  indigotindisulfonate sodium.


car·mine
n.
 T. Oliva, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said: "The military and commercial aerospace market is the core market for our range of electronic devices. This is the fourth of continuing follow-on orders received in excess of $1 million for In-flight Entertainment and Communication products in the last six months. We have regularly received other smaller orders for similar products that have also contributed to growth in our backlog in the second quarter and are expected to contribute to growth in our shipments in the third and fourth quarters of 2007. While military avionics has historically been our dominant core business, commercial avionics is rapidly reaching parity. We believe newer multimedia entertainment and communications systems on commercial aircraft will be the primary growth driver for EMRISE's electronics devices business segment in 2007 and beyond."

About EMRISE CORPORATION

EMRISE Corporation is a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment. EMRISE's electronic devices group, which consists of EMRISE Electronics Corporation and its international subsidiaries, provides power conversion, RF devices as well as digital and rotary switches to the North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
, European and Asian electronic market. EMRISE's communications equipment group, consisting of CXR CXR
abbr.
chest x-ray


CXR,
n chest x-ray; an image of the thoracic cavity, produced by an irradiation scan of the upper torso.
 Larus Corporation and its subsidiary CXR Anderson Jacobson, provides network access and timing and synchronization products to the North American, European and Asian communications industry. Founded in 1983, EMRISE operates out of facilities in the United States, England, France and Japan. As of May 31, 2007, EMRISE had a total of 302 employees in its various subsidiaries and divisions. Website: www.emrise.com. Listed on NYSE Arca under the ticker symbol Ticker Symbol

An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors
: ERI.

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 Under 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

With the exception of historical information, the matters discussed in this press release, including without limitation, statements regarding the timing and size of orders that will be filled and shipments that will be made and future growth in our commercial avionics business and electronic devices business segment, are forward-looking statements that involve a number of risks and uncertainties. The actual future results of EMRISE CORPORATION could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, continued demand for IFE & C products, the Company's ability to manufacture IFE & C products to meet expected demand and existing and future orders; general market and economic conditions; changes in technology and governmental regulations and policies, competitive products and services; unforeseen technical issues, and those factors contained in the "Risk Factors" Section of the Company's Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended December 31, 2006 and other Company filings.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 10, 2007
Words:539
Previous Article:Azada Introduces the "Adventure Puzzle" Genre to Casual Games.
Next Article:International Power Group Reports on Its AddPower Unit.
Topics:



Related Articles
The view from Visteon's European ops.(Euro AUTO)(Editorial)
BPG buys 700,000 s/f facility.(BPG Properties Ltd., Visteon Systems LLC.)(Brief Article)
LAUSD'S $45 MILLION ERROR CONTROLLER WANTS STATE REPAID FOR UNJUSTIFIED CLAIMS.(News)
Spaceventures: can the Air Force build a satellite in six days?
$1 million plant converts salvage to profitable cut stock: 1967.(BLASTS FROM THE PAST--News, notes and commentary culled from the back pages of Wood...
ANA President & CEO Addresses the World at 787 Roll Out.
Discovery of rare earth minerals could lead to new industry: fifty years ago, no one could have guessed that a seemingly worthless black mineral...
Schiffer Publishing Ltd.
Return-To-Flight.
LIBYA - The Local Refineries.

Terms of use | Copyright © 2010 Farlex, Inc. | Feedback | For webmasters | Submit articles