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第二季度的預訂量約為4,500,000美元
June Bookings From Power Group Approximate $1,000,000
Power Group 6月份的預訂量約為100萬美元
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.
紐約州哈帕克,2023年7月6日(Global Newswire)--電子產品製造商和軟體解決方案提供商Orbit International Corp.(場外市場專家市場代碼:ORBT)今天宣佈,其子公司Simator Product Solutions LLC(“SPS”)2023年6月的預訂額超過300萬美元,第二季度預訂額約為450萬美元。2023年6月的訂單預計將於2023年第三季度開始交付,預計將持續到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,該公司還宣佈其Power Group(“OPG”)6月份的預訂量約為1,000,000美元。這些訂單的交付已經開始,預計將持續到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SPS子公司2023年6月的預訂量超過3,000,000美元,第二季度的預訂量約為4,500,000美元。該月和第二季度的預訂量突出表現在2023年6月收到的一份訂單,價值超過2,500,000美元,用於一個主要飛機專案的模擬器元件。我們SPS子公司2023年上半年的預訂量僅略低於2022年全年的預訂量,SPS有幾個新的和後續的商業機會,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."
賓德補充說:“除了來自我們SPS子公司的確定預訂量外,我們OPG在6月份的預訂量約為100萬美元。石油和天然氣勘探所用電力供應的大量訂單,突顯了當月的預訂量。其他訂單是使用我們的VPX技術的電源和其他商業電源。儘管VPX電源和COTS電源的訂單量持續增長,但預計一旦我們的主承包商完成與美國政府的談判,其他訂單就會被推遲。如前所述,在收到我們與美國政府有業務往來的主承包商的合同時,時間上的不確定性是我們行業的一個內在因素。“
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