ORBIT/FR Reports Significant New Orders
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HORSHAM, Pa., May 20 /PRNewswire-FirstCall/ -- ORBIT/FR, Inc.
(OTC Bulletin Board: ORFR), a Microwave Vision Company and a leading producer
of sophisticated, automated microwave test and measurement systems for the
aerospace, defense, wireless communication, automotive and satellite
industries, has been awarded two new contracts from customers in Europe and
Asia totaling approximately $2.8 million.
The new contracts include a variety of ORBIT/FR's products and systems
solutions; mechanical, hardware, software and RF absorbing materials, for
far-field and compact range antenna measurement applications.
"We are pleased with the continuous support and confidence of our
customers worldwide in our products and services," said Israel Adan, President
& CEO of ORBIT/FR.
Except for historical information, the matters discussed in this news
release may be considered "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements include
declarations regarding the current intent, belief or expectations of the
Company and its management. Prospective investors are cautioned that any such
forward-looking statements, including those regarding the ability to obtain
and perform new contracts, obligations by the Company or its customers,
satisfy customer needs and successful implementation of the Company's
technology, involve a number of risks and uncertainties that could materially
affect actual results. Such risks and uncertainties are identified in the
Company's reports and registration statements filed with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for the year
ended December 31, 2007 and Forms 10-Q.
SOURCE ORBIT/FR, Inc.
Relland Winand, Chief Financial Officer of ORBIT/FR, Inc., +1-215-674-5100,
Rellandw@orbitfr.com
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