Orbit International's Simulator Product Solutions Subsidiary Reports June Bookings in Excess of $3,000,000
Orbit International's Simulator Product Solutions Subsidiary Reports June Bookings in Excess of $3,000,000
Second Quarter Bookings by SPS Approximately $4,500,000
SPS第二季度的预订量约为4,500,000美元
June Bookings From Power Group Approximate $1,000,000
Power Group 6月份的预订量约为100万美元
HAUPPAUGE, N.Y., July 06, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that bookings from its Simulator Product Solutions LLC subsidiary ("SPS") for the month of June 2023 were in excess of $3,000,000 and its second quarter bookings were approximately $4,500,000. Deliveries for the June 2023 orders are expected to commence in the third quarter of 2023 and are expected to continue through the second quarter of 2024.
纽约州哈帕克,2023年7月6日(Global Newswire)--电子产品制造商和软件解决方案提供商Orbit International Corp.(场外市场专家市场代码:ORBT)今天宣布,其子公司Simator Product Solutions LLC(“SPS”)2023年6月的预订额超过300万美元,第二季度预订额约为450万美元。2023年6月的订单预计将于2023年第三季度开始交付,预计将持续到2024年第二季度。
In addition, the Company also announced that bookings for its Power Group ("OPG") for the month of June were approximately $1,000,000. Deliveries for these orders have already commenced and are expected to continue through the first quarter of 2024.
此外,该公司还宣布其Power Group(“OPG”)6月份的预订量约为1,000,000美元。这些订单的交付已经开始,预计将持续到2024年第一季度。
Mitchell Binder, President and CEO of Orbit International commented, "We are pleased to report that bookings from our SPS subsidiary for the month of June 2023 were in excess of $3,000,000 and its second quarter bookings were approximately $4,500,000. Bookings for the month and second quarter were highlighted by a previously announced order received in June 2023, valued in excess of $2,500,000, for components used on a simulator for a major aircraft program. Bookings for our SPS subsidiary for the first half of 2023 were only slightly below bookings for all of 2022 and SPS has several new and follow-on business opportunities that it hopes will be received in the second half of 2023."
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SPS子公司2023年6月的预订量超过3,000,000美元,第二季度的预订量约为4,500,000美元。该月和第二季度的预订量突出表现在2023年6月收到的一份订单,价值超过2,500,000美元,用于一个主要飞机项目的模拟器组件。我们SPS子公司2023年上半年的预订量仅略低于2022年全年的预订量,SPS有几个新的和后续的商业机会,它希望能在2023年下半年收到。”
Binder added, "In addition to firm bookings from our SPS subsidiary, bookings from our OPG for the month of June were approximately $1,000,000. Bookings for the month were highlighted by a significant order for power supplies used in oil and gas exploration. Other orders were for power supplies using our VPX technology and other commercial power supplies. Despite the firm booking month, other orders expected for VPX power supplies and COTS power supplies continue to be delayed but are expected once our prime contractors complete their negotiations with the U.S. government. As previously noted, timing uncertainty in the receipt of contracts from our prime contractors doing business with the U.S government is an inherent factor in our industry."
宾德补充说:“除了来自我们SPS子公司的确定预订量外,我们OPG在6月份的预订量约为100万美元。石油和天然气勘探所用电力供应的大量订单,突显了当月的预订量。其他订单是使用我们的VPX技术的电源和其他商业电源。尽管VPX电源和COTS电源的订单量持续增长,但预计一旦我们的主承包商完成与美国政府的谈判,其他订单就会被推迟。如前所述,在收到我们与美国政府有业务往来的主承包商的合同时,时间上的不确定性是我们行业的一个内在因素。“
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