Electro Rent Corporation (ELRC)

[Penny Roger$]

Electro Rent Corporation is engaged in the rental, lease and sale of new and used electronic test and measurement (T&M) equipment. The Company purchases the equipment from manufacturers, such as Agilent Technologies, Inc. and Tektronix primarily for use by its customers in the aerospace, defense, telecommunications, electronics, industrial and semiconductor industries. The Company maintains an equipment portfolio composed primarily of test and measurement equipment and personal computer-related data products (DP) equipment purchased from leading manufacturers. The Company’s ATP agreement with Agilent Technologies, Inc., effective December 1, 2009, gave the Company rights to sell Agilent’s T&M equipment to small to medium size customers in the United States and Canada. On March 31, 2010, the Company completed the acquisition of certain assets and select post-closing liabilities of Telogy, LLC. In August 2011, the Company acquired Equipment Management Technology, Inc.

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