Orbit International Corp. Electronics Group Receives New Contract Valued in Excess of $2,500,000
Orbit International Corp. Electronics Group Receives New Contract Valued in Excess of $2,500,000
Contract Received by SPS Subsidiary
SPS子公司收到的合同
HAUPPAUGE, N.Y., June 21, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Simulator Product Solutions LLC subsidiary ("SPS"), a part of Orbit's Electronics Group ("OEG"), received a new contract valued in excess of $2,500,000. Deliveries under the contract are expected to commence in the fourth quarter of 2023 and are expected to continue through the third quarter of 2024.
纽约州哈帕克，2023年6月21日(Global Newswire)--电子产品制造商和软件解决方案提供商Orbit International Corp.(场外交易专家市场代码：ORBT)今天宣布，其子公司--Orbit电子集团(OEG)旗下的模拟器产品解决方案有限责任公司(SPS)获得了一份价值超过250万美元的新合同。合同规定的交付预计将于2023年第四季度开始，预计将持续到2024年第三季度。
Mitchell Binder, President and CEO of Orbit International commented, "We are pleased to report this significant contract award by our SPS subsidiary which is for simulator components used on a major military aircraft program. This comes on the heels of $925,000 in reported bookings for SPS for the month of April 2023, and is the largest single order ever received by SPS or its predecessor company. We are encouraged by several other business opportunities that SPS is working on and are hopeful some of these potential awards will be received by quarter end."
Orbit International首席执行官兼首席执行官米切尔·宾德、总裁表示：“我们很高兴地报告我们的SPS子公司授予了这份重要的合同，该合同是用于一个主要军用飞机项目的模拟器部件。在此之前，SPS在2023年4月收到了价值925,000美元的订单，这是SPS或其前身公司有史以来收到的最大单笔订单。我们对SPS正在开发的其他几个商业机会感到鼓舞，并希望其中一些潜在的合同将在季度末之前收到。”
Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial applications through its production facilities in Hauppauge, NY and Carson, CA. Orbit's Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources.
Orbit International Corp.通过其电子集团，通过其在纽约州哈帕克和加利福尼亚州卡森的生产设施，参与为军事、工业和商业应用开发和制造定制电子设备和子系统解决方案。Orbit的Power Group也位于纽约州哈帕克市，设计和制造一系列电源产品，包括交流电源、变频器、逆变器、VME/VPX电源以及各种COTS电源。
Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding our expectations of Orbit's operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.
本新闻稿中讨论的某些事项以及公司代表不时发表的口头声明，包括有关我们对Orbit运营计划、合同和战略下的交付的预期的声明；有关我们对业务表现的预期的声明；对成本和收入、未来运营结果、额外订单、未来商业机会和持续增长的预期，可能构成符合1995年私人证券诉讼改革法和联邦证券法定义的前瞻性声明。尽管Orbit认为这些前瞻性陈述中反映的预期是基于合理的假设，但它不能保证其预期会实现。
Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit's reports posted with the OTC Disclosure and News service. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
前瞻性信息会受到某些风险、趋势和不确定性的影响，这些风险、趋势和不确定性可能会导致实际结果与预测的结果大相径庭。其中许多因素超出了轨道国际公司的控制或预测能力。可能导致实际结果大不相同并可能影响Orbit International的重要因素以及本新闻稿中包含的声明可在Orbit与场外交易披露和新闻服务一起发布的报告中找到。对于本新闻稿中的前瞻性陈述，轨道公司声称1995年私人证券诉讼改革法中包含的前瞻性陈述的安全港受到了保护。轨道公司不承担更新或补充任何前瞻性陈述的义务，无论是由于新信息、未来事件或其他原因。
CONTACT
David Goldman
Chief Financial Officer
631-435-8300
接触
David高盛
首席财务官
631-435-8300