EMRI ~ Emrise Corporation ~ Due Diligence
Emrise Corporation. is an international manufacturer of defense and aerospace electronic devices and subsystems and telecommunications equipment.Emrise's electronic devices group, which includes EEC Corporation and its subsidiaries, provides standard and custom power conversion products, RF and microwave devices and subsystems and subsystem assemblies to the global electronic components market, primarily for defense, aerospace, telecommunication and industrial applications. Emrise's telecommunications group, consisting of CXR Larus Corporation and CXR Anderson Jacobson, provide transmission and network access equipment, timing and synchronization systems and test equipment to the International communications industry. Founded in 1983, the Company operates out of facilities in the United States, France and the United Kingdom.
Electronic Devices Group
Emrise's Electronic Devices group are market leaders in Power Conversion products and Radio Frequency devices and subsytems.. Backed by 50 years in the aerospace and defense market, our track record of success encompasses a wide range of products and technology. The company provides solutions to such projects as "Stealth " aircraft, commercial aircraft, In flight Entertainment, radar systems and cockpit displays.
EMRISE Power Systems companies XCEL Power Systems Ltd and Pascall Electronics Ltd provide an extensive range of custom, semi custom and standard power supply products, including:-
High and low voltage, high specification, high reliability custom power supplies for hostile environments such as aerospace and defense markets.
Industry standard DC to DC power supplies.
Customisable/configurable power conversion units. (COTS).
Emrise Corporation RF and Microwave subsidiary Pascall Electronics manufactures a range of Radio Frequency and microwave components, devices and subsystems for Defense and aerospace applications.
Our product range extends from frequency control products such as PLDRO, OCXO and STALO to Log Amplifiers, and to our custom RF assemblies.
CXR Larus is an leading provider of telecommunication field test solutions. Our equipment is deployed across the world and used by major public and private service providers in the maintenance and optimization of their systems and networks. We create products with innovative user interfaces which simplifies analog / digital circuit access and testing and are designed to allow easy upgrade and enhancement as testing requirements evolve.
Our customers include Regional Bell Operating companies, Independent Telephone Companies, Competitive Local Exchange Carriers, government, utility companies and private communication networks. Our "Halcyon" range of compact, lightweight handheld field test equipment easy to use products with the functionality required to enable field technicians to access problems and verify line operation quickly test equipment products allow field and office technicians to test lines rapidly and efficiently to industry standard criteria to ensure that they support a specific types and speeds of service. In a single device, our products can be used to pre-qualify facilities for services, identify the source of problems and verify the proper operation of newly installed service before handing service over to customers.
Our test equipment products support our customers' need to provide high quality and reliable service.
Transmission & Network Access Products
Emrise's CXR Anderson Jacobson is a global manufacturer of market leading, Transmission & Network Access Products that allow people to communicate more efficiently and effectively. The telecommunications group provides complete end-to-end communication solutions for corporate, government and Carrier applications. CXR's heritage dates to the acoustic coupler, the forerunner of today's modem technology. Today, CXR Anderson Jacobson delivers the most reliable modems on the market, and is leveraging it's experience in data and voice technology to provide a broad range of managed TDM and IP transmission and network access products branded "CXR Anderson Jacobson." These products include a range of fiber optic, DSL and voice frequency, or VF, modems, ISDN terminal adapters, ISDN concentrators, multiplexers, and interface converters together with an increasing range of IP products including a full range of routers and terminal servers all of which combine to provide the user with a complete solution for voice and data transmission.
CXR Anderson Jacobson's award winning products prove that Internet or Intranet access does not have to be costly or complicated. Our solutions are scalable and designed to meet a wide range of requirements from the small to medium-sized business to corporate customers and carriers and to provide flexible access solutions for network users.
Timing & Synchronization Systems
Larus Corporation was founded in 1980 to manufacture telecommunications products for use by local telephone companies, long distance providers, and the public and private networks of North America.
Larus recognized that very early that Digital network connectivity is dependent upon the availability of a reliable synchronization source to provide a timing reference to the network elements and are now a recognized leader in the manufacture of sophisticated network timing and synchronization products. The products provide a complete range of the timing and synchronization products required to facilitate the efficient transmission of Digital signals. Larus timing products are deployed by Regional Bell Operating companies, Independent Telephone Companies, Competitive Local Exchange Carriers, government, utility companies,private communication networks, OEM manufacturers both domestically and internationally.
Larus products provide a full range of industry standard timing and synchronization systems, performing to Stratum1 Stratum 2 and Stratum 3E standards. These standards define the accuracy and "holdover" for the timing performance. Stratum 1 refers to an autonomous timing source such as an atomic clock or Cesium oscillator with no errors in 4 to 5 months. Stratum 2, 3, 3E etc normally track an input source, such as GPS. Should that source fail, the Stratum levels define the maximum allowable drift e.g 1.6 x 10-8 over a 1 year period.
Examples of the group's Timing and Synchronization products include:
54500:- An innovative Synchronization Timing System offering flexible and cost-effective solutions for Stratum 1, Stratum 2E, and Stratum 3E timing for digital transmission and synchronization applications. The system provides a redundant and jitter-free source of framed ones and composite clock and is synchronized to an equal or higher stratum framed reference source. The STS 54500 can be employed in either DS1 or E1 digital transmission environments.
5850:- Primary Reference Source. GPS timing clock designed for retrofits of existing BITS clocks and for remote sites that require timing.The STS 5850 features two accurate T1 timing references that are synthesized from GPS for use by BITS clocks, SONET NEs, intelligent multiplexers, and PCS systems as well as other systems requiring synchronization.
5800:- Timing System provides GPS Stratum 1 clock and/or network tracking with Stratum 2 or Stratum 3E holdover performance. The Larus 5800 represents the optimal local synchronization solution for the new distributed network. Designed for small installations and remote sites requiring timing (cell sites, PCS networks, customer premises, etc.).
EMRI Security Details
Market Value1 $4,483,642 a/o Dec 06, 2011
Shares Outstanding 10,675,337 a/o Nov 08, 2011
Shareholders of Record 253 a/o Mar 31, 2011
Issued=7-89 per reorganization of CXR Telcom Corp. Basis: sh for sh
Capital Change=Capital Change=shs decreased by 1 for 5 split. Ex-date=08/29/1996. Rec date=08/29/1996. Pay date=08/29/1996.
Capital Change=shs decreased by 1 for 3.75 split. Pay date=11/20/2008.
Short Selling Data
Short Interest 0 (-100%)
Oct 31, 2011
Significant Failures to Deliver No
Computershare Trust Company Inc.
EMRI Management Spotlight
Carmine Oliva ~ Chairman and CEO
Carmine T. Oliva has been Chairman of the Board and Chief Executive Officer and a Class III director of our company since March 26, 1997 and of our subsidiary, XIT Corporation, since he founded XIT Corporation in 1983. Mr. Oliva has been Chairman of the Board of XCEL Corporation Ltd since 1985, Chairman and Chief Executive Officer of CXR Telcom Corporation since March 1997 and Chairman of CXR Anderson Jacobson since March 1997. From 1980 to 1983, Mr. Oliva was Senior Vice President and General Manager, ITT Asia Pacific Inc. Prior to holding that position, Mr. Oliva held a number of executive positions with ITT Corporation and its subsidiaries over an eleven-year period. Mr. Oliva attained the rank of Captain in the United States Army and is a veteran of the Vietnam War. Mr. Oliva earned a B.A. degree in Social Studies/Business from Seton Hall University in 1964 and an M.B.A. degree in Business from The Ohio State University in 1966.
EMRI Recent News
EMRISE CORPORATION RECEIVES $900,000 IN ORDERS FOR RADIO FREQUENCY SYSTEMS FOR COMMERCIAL MARINE APPLICATION
Orders Part of Long-Running Program of Supplying Systems for Navigational Aids
DURHAM, NC - December 7, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received additional orders valued at approximately $900,000 (£591,000) from a major international marine services provider for electronic systems for identifying and marking marine (shipping) channels and marine hazards. Deliveries against these new orders are expected to begin in the second quarter of 2012 and be completed by the end of 2012.
EMRISE CORPORATION RECEIVES $630,000 CUSTOM POWER SUPPLY ORDER FOR U.S. MILITARY ARMORED VEHICLES
Follow-on Order Part of Long-Running Strategic Program
DURHAM, NC - November 21, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received a follow-on order valued at approximately $630,000 (£394,000) from a large international customer for custom modular power supplies to be used in a long-running U.S. military armored vehicle program. Delivery of the order is expected to begin in early 2012.
EMRISE ANNOUNCES IMPROVED 2011 THIRD QUARTER,NINE-MONTH FINANCIAL RESULTS
Major Reduction in Loss from Continuing Operations; Year-Over-Year Net Sales Up 16% and 13%, Respectively
DURHAM, NC - November 14, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced financial results for its third quarter and nine months ended September 30, 2011. Revenues for this year's third quarter increased 16 percent from the third quarter of 2010 and 30 percent from the second quarter of 2011. The Company also significantly reduced its loss from continuing operations for the 2011 third quarter, which reflected a $1.3 million, or 96 percent, year-over-year improvement from the sizeable loss reported in the 2010 third quarter.
EMRISE CORPORATION SELECTS RODMAN & RENSHAW LLC
AS FINANCIAL ADVISOR IN THE U.S.
Rodman to Assist with Strategic Business Plans Designed to Grow Company, Enhance Shareholder Value
DURHAM, NC - September 22, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced it has selected Rodman & Renshaw, LLC (Rodman), a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), as its exclusive financial advisor in the United States. Rodman has been engaged to support the Company's growth strategy by assisting EMRISE in identifying and negotiating potential strategic merger, acquisition or alliance targets, by providing general financial advisory and support services as EMRISE executes its ongoing strategic business plans designed to grow the Company and enhance shareholder value.
EMRISE RECEIVES FINAL DOCUMENTATION FOR €1.2 MILLION ($1.7 MILLION) COMMUNICATIONS EQUIPMENT ORDER FOR NETWORK
IN FRENCH-SPEAKING NORTH AFRICA
DURHAM, NC - September 12, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced it has received final documentation for a Communications Equipment order valued at approximately €1.2 million ($1.7 million) for the manufacture and delivery of fiber-optic modems to be used in a communications network in French-speaking North Africa. The order was received by EMRISE's Communications Equipment subsidiary in Europe. With the recent receipt of the final documentation, the order is expected to be shipped to the customer within the next 30 to 45 days.
EMRISE CORPORATION TO PRESENT AT THE RODMAN & RENSHAW
ANNUAL GLOBAL INVESTMENT CONFERENCE
DURHAM, NC - September 7, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that management is scheduled to make an investor presentation at the Rodman & Renshaw Annual Global Investment Conference as part of the Growth/Special Situations Track on Tuesday, September 13, at 9:10 am Eastern Time. The conference is being held September 11-13 at The Waldorf-Astoria in New York City.
EMRISE ANNOUNCES SECOND QUARTER AND FIRST HALF 2011 FINANCIAL RESULTS
Year-Over-Year Net Sales Up 7% and 11%, Respectively; Backlog Strong at $31 million
DURHAM, NC - August 15, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced its financial results for its second quarter and six months ended June 30, 2011.
EMRISE RECEIVES ORDERS FOR $2 MILLION OF CUSTOM ELECTRONIC DEVICES FOR INTERNATIONAL AVIATION PROGRAM
Contributes to Growing Backlog of Orders for Delivery in 2012 and Beyond
DURHAM, NC - July 26, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that it has received orders for approximately $2 million to manufacture and deliver custom electronic devices to be used in an international aviation program.
EMRI Contact Info
2530 Meridian Parkway
Durham, NC 27713
Phone: (408) 200-3040