EMRISE Corporation's Subsidiary, CXR Larus Corporation, Receives Strategic First Order for New TiemPo 6400 Timing Product.RANCHO CUCAMONGA Rancho Cucamonga (răn`chō k 'kəmäng`gə), city (1990 pop. 101,409), San Bernardino co., S Calif. , Calif. -- EMRISE CORPORATION (NYSE Arca For other uses of "ARCA", see ARCA.NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an entirely online securities exchange on which both stocks and options are traded. :ERI Eri (ē`rī), in the Bible, son of Gad. ), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that its subsidiary, 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 ("CXR Larus"), has received its first order for its recently announced next generation communication timing system, the StarClock[TM] TiemPo[TM] 6400. The order was received from a major systems integrator and network infrastructure provider. The order was part of a larger order that also included CXR Larus' current generation StarClock[TM] 5800 product line for a large state governmental communications infrastructure build-out and upgrade. The new StarClock[TM] TiemPo[TM] 6400 is a fully-integrated, modular and scalable system for timing and synchronization of current and next generation packet network applications. It provides, in a very small form factor, a flexible and cost effective solution for timing and synchronization of telecommunication equipment including switches, VoIP media gateways, fiber equipment, IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. and wireless equipment. The product meets or exceeds all relevant North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European telecommunications standards. Larry Taillie, President of CXR Larus, commented, "This is an earlier than anticipated initial order for the TiemPo[TM] product, coming so quickly after its recent launch in mid January. The specification of the product was designed to meet a gap in the market for a small form factor, highly configurable and remotely managed product. We believe this initial order reflects the technical superiority of the product over its competition. Trial testing of the product is also proceeding well at two of our larger customers. Based on these initial successes, stocking orders have been released to our turnkey contract manufacturer that will provide broader product availability of the TiemPo[TM] in the second quarter of 2007." Graham Jefferies, Executive Vice President and COO of EMRISE, commented, "The TiemPo[TM] has been a major investment for the corporation and our first truly international timing product designed to meet European and worldwide performance standards. The European launch of the product will be at the CEBIT (CEntrum der Büro und InformationsTechnik, Center for Office and Information Technology) The largest information technology trade show in the world targeted to industry professionals. Organized by Deutsche Messe, AG, Hannover, Germany, www.cebit. trade show in Hanover Germany in March 2007 where the European ETSI (European Telecommunications Standards Institute, Sophia Antipolis technical park, Nice, France, www.etsi.org) A non-profit membership organization founded in 1988, dedicated to standardizing information and communication technologies (ICT) throughout Europe. version of the product will be demonstrated for the first time." 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, European and Asian electronic market. EMRISE's communications equipment group, consisting of CXR 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 December 31, 2006, EMRISE had a total of approximately 300 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 progress of customer trials and the ability of our contract manufacturer to provide broader product availability in the second quarter of 2007 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, our contract manufacturer's ability to manufacture products to meet expected demand; market acceptance of and demand for the TiemPo[TM] products; the ability to successfully complete customer trials; 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 EMRISE Corporation's amended 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, 2005. |
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