CirTran's Racore Subsidiary Gets Follow-up Order from Fortune 50 Company Lockheed Martin Corp.
4/20/2005 2:45:01 PM
SALT LAKE CITY, Apr 20, 2005 (BUSINESS WIRE) -- CirTran Corp. (CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, said today that Lockheed Martin Corp. (NYSE: LMH) has placed an additional order with its Racore Technology Inc. subsidiary.
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"In January, when we received our first significant order from Lockheed Martin, it was exciting to win business from such a prestigious company," said Trevor M. Saliba, CirTran's executive vice president for worldwide business development. "Now we've received a follow-up order from Lockheed Martin TSS (Transport and Security Solutions) of Herndon, Va., for M8195 fiber optic PCI 16/4 token-ring network adapters, and we're absolutely delighted that Lockheed has found this product meets its demanding specifications."
Headquartered in Bethesda, Md., Lockheed Martin (www.lockheed.com) 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 $35.58 billion for fiscal 2004.
"Earning business from a world-class Fortune(R) 50 company recognizes our ISO 9001:2000-certified manufacturing facility and process," said Saliba. "Initially Lockheed asked for components to evaluate and made a small-quantity purchase," he said. "Then we received an order for $18,000 in January, and now a follow-up order has come in."
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 agencies.
About CirTran Corp.
Founded in 1993, CirTran Corp. (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 exacting specifications. Headquartered in Salt Lake City, its ISO 9001:2000-certified, noncaptive 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), founded in 1983 and reorganized as Racore Technology Corp. in 1997; and in 2004, CirTran formed CirTran-Asia (www.CirTran-Asia.com) as a high-volume manufacturing arm and wholly owned subsidiary 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 Corp.
CirTran Corp., Salt Lake City
Trevor M. Saliba, 801-963-5112
trevor@cirtran.com
or
The Kaminer Group
David A. Kaminer, 914-684-1934
dkaminer@kamgrp.com
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