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FOR IMMEDIATE RELEASE: Press Release Source: EMRISE Corporation
EMRISE Corporation Announces Thursday April 3, 8:45 am ET First Product from Recently Announced Agreement with Brilliant Telecommunications; Helps Position Company to Address Areas of World with Large and Growing Market Opportunities RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--EMRISE CORPORATION (NYSE Arca: ERI), a designer, manufacturer and marketer of proprietary electronic devices and communications equipment for aerospace, defense, industrial, and communications applications, launched the StarSync™ 6850 to the International Press at the recent CeBit 2008 international trade fair in Hanover, Germany. The StarSync™ 6850 will be available for shipment in late Q2 2008. The StarSync™ 6850 is the first new product in the TiemPo™ line of network synchronization and timing products to be released by EMRISE as a result of the Company’s product development and marketing agreement with Brilliant Telecommunications, which was formally announced earlier this week at the CTIA Wireless convention in Las Vegas. Carmine T. Oliva, President and CEO of EMRISE, commented, “Our subsidiaries CXR Larus Corporation (U.S.) and CXR AJ (France) first launched our ground breaking international TiemPo™ range of products to the international press at CeBit last year. The new Starsync 6850 released at CeBit this year is a strategically important international extension to the TiemPo™ line, as it helps position the Company to address areas of the world with large and growing market opportunities. And we are especially pleased to have introduced our first new product from Brilliant Telecommunications, which provides us with top flight functionality and significantly shortens our time to market.” StarSync 6850 is a primary reference source/primary reference clock/NTP-PTP Server that provides an accurate and independent time source without the need for expensive Rubidium or Cesium oscillators. . “Since we initially introduced the TiemPo™ product line to the North American market 15 months ago, it has enjoyed excellent customer and market acceptance from all segments of the communications market,” Oliva added. “We have moved from just being a supplier of synchronization and timing systems to the North American market, to now being a provider of an even broader range of state-of-the-art, feature-rich products to the international market as well.”
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; RF and microwave transmission; digital and rotary switching; network access and timing and synchronization of communications networks. Primary growth driver applications for EMRISE products include commercial avionic “In-Flight Entertainment and Communications” products and communications “Network Timing and Synchronization” equipment. EMRISE serves customers in North America, Europe and Asia through operations in the United States, England, France and Japan. The Company has built a worldwide base of customers including all of the Fortune 100 in the U.S. that do business in markets served by EMRISE and many similar-size companies in 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 press release, including without limitation EMRISE’s ability to ship the StarSync™ 6850 by late Q2 2008, ability for EMRISE to use the StarSync™ 6850 to address areas of the world with large and growing market opportunities, and the ability to be a provider of an even broader range of state-of-the-art, feature-rich products to the international market, are all 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, unforeseen technical issues, unforeseen development delays, unforeseen delays in StarSync™ 6850 component availability, lack of demand from domestic or international markets for a products such as StarSync™ 6850, failure of the StarSync™ 6850 to perform its functions as designed, quality issues, competition from similar existing or future products by our competitors, and those factors contained in the “Risk Factors” Section of the Company’s Form 10-K for the year ended December 31, 2006, and other Company filings. Contact: EMRISE Corporation or Allen & Caron Inc
Len Hall (media)
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