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.
紐約州哈帕克，2023年6月21日(Global Newswire)--電子產品製造商和軟體解決方案提供商Orbit International Corp.(場外交易專家市場代碼：ORBT)今天宣佈，其子公司--Orbit電子集團(OEG)旗下的模擬器產品解決方案有限責任公司(SPS)獲得了一份價值超過250萬美元的新合同。合同規定的交付預計將於2023年第四季度開始，預計將持續到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首席執行官兼首席執行官米切爾·賓德、總裁表示：“我們很高興地報告我們的SPS子公司授予了這份重要的合同，該合同是用於一個主要軍用飛機專案的模擬器部件。在此之前，SPS在2023年4月收到了價值925,000美元的訂單，這是SPS或其前身公司有史以來收到的最大單筆訂單。我們對SPS正在開發的其他幾個商業機會感到鼓舞，並希望其中一些潛在的合同將在季度末之前收到。”
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.通過其電子集團，通過其在紐約州哈帕克和加利福尼亞州卡森的生產設施，參與為軍事、工業和商業應用開發和製造定製電子設備和子系統解決方案。Orbit的Power Group也位於紐約州哈帕克市，設計和製造一系列電源產品，包括交流電源、變頻器、逆變器、VME/VPX電源以及各種COTS電源。
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.
本新聞稿中討論的某些事項以及公司代表不時發表的口頭聲明，包括有關我們對Orbit運營計劃、合同和戰略下的交付的預期的聲明；有關我們對業務表現的預期的聲明；對成本和收入、未來運營結果、額外訂單、未來商業機會和持續增長的預期，可能構成符合1995年私人證券訴訟改革法和聯盟證券法定義的前瞻性聲明。儘管Orbit認為這些前瞻性陳述中反映的預期是基於合理的假設，但它不能保證其預期會實現。
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.
前瞻性資訊會受到某些風險、趨勢和不確定性的影響，這些風險、趨勢和不確定性可能會導致實際結果與預測的結果大相徑庭。其中許多因素超出了軌道國際公司的控制或預測能力。可能導致實際結果大不相同並可能影響Orbit International的重要因素以及本新聞稿中包含的聲明可在Orbit與場外交易披露和新聞服務一起發佈的報告中找到。對於本新聞稿中的前瞻性陳述，軌道公司聲稱1995年私人證券訴訟改革法中包含的前瞻性陳述的安全港受到了保護。軌道公司不承擔更新或補充任何前瞻性陳述的義務，無論是由於新資訊、未來事件或其他原因。
CONTACT
David Goldman
Chief Financial Officer
631-435-8300
接觸
David高盛
首席財務官
631-435-8300