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CIRT - CirTran`s Racore Subsidiary Gets Biggest Order to Date from Fortune 50 Company Lockheed Martin Corporation

January 25, 2005 09:30:00 (ET)


SALT LAKE CITY, Jan 25, 2005 (BUSINESS WIRE) -- CirTran Corporation (CIRT, Trade), an international full-service contract manufacturer of IT, consumer and consumer electronics products, said today that its Racore Technology, Inc., subsidiary has received an order from Lockheed Martin Corporation (NYSE:LMH).

Iehab J. Hawatmeh, founder, president and CEO of CirTran, which acquired the Racore in 1998, said the order from the Air Traffic Business Unit of Lockheed Martin in Rockville, Maryland, was for its M8195 fiber optic PCI 16/4 token-ring network adapters.

Lockheed Martin (www.lockheed.com), headquartered in Bethesda, Maryland, employs some 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. It reported sales of $31.8 billion for fiscal 2003.

"Winning confidence and business from a Fortune(R) 50 company is very special," said Mr. Hawatmeh. "Previously, Lockheed had asked for components to evaluate and even bought in very small quantities. Now we have the biggest order to date from Lockheed - for more than $18,000 - and everyone at CirTran/Racore is very excited."

Racore's M8195 fiber optic PCI 16/4 token ring network adapter uses fifth generation IBM(R) token-ring technology to provide reliable and compatible network operation. It functions with the IBM token-ring drivers included with many popular operating systems, including Windows(R) XP, NetWare(R) and IBM LAN Server, and has received security clearances from multiple federal law enforcement and service and agencies.

About CirTran Corporation

Founded in 1993, CirTran Corporation (CIRT, Trade), (www.CirTran.com) is a premier international full-service contract manufacturer of low to mid size volume contracts for printed circuit board assemblies, cables and harnesses to the most exacting specifications. Headquartered in Salt Lake City, CirTran's modern 40,000-square foot manufacturing facility is the largest in the Intermountain Region, providing "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities, while reducing costs and ensuring speedy time-to-market. In 1998, CirTran acquired Racore Technology (www.racore.com), which was founded in 1983 and reorganized as Racore Technology Corporation in 1997. A pioneer in LAN technology in the 1980s, Racore helped define "token-ring" as a member of the IEEE 802.5/802.2 committees. In 2004, CirTran formed CirTran-Asia (www.CirTran-Asia.com) as a high-volume manufacturing arm and wholly-owned subsidiary of CirTran Corporation with its principal office in ShenZhen, China.

This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.

All trademarks are properties of their respective owners.

SOURCE: CirTran Corporation


Company Contact:
CirTran Corporation
Trevor M. Saliba, 801-963-5112
[e-mail]
or
Press Contact:
The Kaminer Group
David A. Kaminer, 914-684-1934
[e-mail]

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