Orbit International Corp. Announces Reinstatement to the OTC Pink Market
Orbit International Corp. (OTC PINK:ORBT) has announced the reinstatement of its stock trading on the OTC Pink Market, effective October 7, 2024. This follows a period of trading on the OTC Expert Market since May 16, 2023. Orbit International Corp. is an electronics manufacturer and software solution provider with two main divisions:
1. The Electronics Group: Develops and manufactures custom electronic devices and subsystem solutions for military, industrial, and commercial applications through facilities in Hauppauge, NY, and Carson, CA.
2. The Power Group: Based in Hauppauge, NY, designs and manufactures various power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies, and COTS power sources.
Orbit International Corp. (OTC PINK:ORBT) ha annunciato la reinstaurazione della negoziazione delle sue azioni sul mercato OTC Pink, a partire dal 7 ottobre 2024. Questo segue un periodo di trading sul mercato OTC Expert dal 16 maggio 2023. Orbit International Corp. è un produttore di elettronica e fornitore di soluzioni software con due principali divisioni:
1. Il Gruppo Elettronica: Sviluppa e produce dispositivi elettronici personalizzati e soluzioni di sottosistema per applicazioni militari, industriali e commerciali attraverso strutture a Hauppauge, NY, e Carson, CA.
2. Il Gruppo Energia: Con sede a Hauppauge, NY, progetta e produce vari prodotti di energia tra cui alimentatori AC, convertitori di frequenza, inverter, alimentatori VME/VPX e fonti di energia COTS.
Orbit International Corp. (OTC PINK:ORBT) ha anunciado la reinstauración de la negociación de sus acciones en el mercado OTC Pink, efectiva a partir del 7 de octubre de 2024. Esto sigue a un período de negociación en el mercado OTC Expert desde el 16 de mayo de 2023. Orbit International Corp. es un fabricante de electrónica y proveedor de soluciones de software con dos divisiones principales:
1. El Grupo de Electrónica: Desarrolla y fabrica dispositivos electrónicos personalizados y soluciones de subsistemas para aplicaciones militares, industriales y comerciales a través de instalaciones en Hauppauge, NY, y Carson, CA.
2. El Grupo de Energía: Con sede en Hauppauge, NY, diseña y fabrica varios productos de energía, incluyendo fuentes de alimentación AC, convertidores de frecuencia, inversores, fuentes de alimentación VME/VPX y fuentes de energía COTS.
Orbit International Corp. (OTC PINK:ORBT)는 OTC Pink Market에서 주식 거래 재개를 2024년 10월 7일부터 시행한다고 발표했습니다. 이는 2023년 5월 16일부터 OTC Expert Market에서 거래된 기간에 따른 것입니다. Orbit International Corp.는 전자제품 제조업체이자 소프트웨어 솔루션 제공업체로 두 개의 주요 부문이 있습니다:
1. 전자 그룹: Hauppauge, NY 및 Carson, CA의 시설을 통해 군사, 산업 및 상업용 애플리케이션을 위한 맞춤형 전자 장치 및 서브 시스템 솔루션을 개발 및 제조합니다.
2. 전력 그룹: Hauppauge, NY에 본사를 두고 있으며 AC 전원 공급 장치, 주파수 변환기, 인버터, VME/VPX 전원 공급 장치 및 COTS 전원 출처를 포함한 다양한 전력 제품을 설계 및 제조합니다.
Orbit International Corp. (OTC PINK:ORBT) a annoncé la réintégration de la négociation de ses actions sur le marché OTC Pink, effective à partir du 7 octobre 2024. Cela fait suite à une période de négociation sur le marché OTC Expert depuis le 16 mai 2023. Orbit International Corp. est un fabricant d'électronique et un fournisseur de solutions logicielles avec deux principales divisions :
1. Le Groupe Électronique : Développe et fabrique des dispositifs électroniques personnalisés et des solutions de sous-système pour des applications militaires, industrielles et commerciales à travers des installations à Hauppauge, NY, et Carson, CA.
2. Le Groupe Énergie : Basé à Hauppauge, NY, conçoit et fabrique divers produits d'alimentation, y compris des alimentations AC, des convertisseurs de fréquence, des onduleurs, des alimentations VME/VPX et des sources d'alimentation COTS.
Orbit International Corp. (OTC PINK:ORBT) hat die Wiederherstellung des Handels mit seinen Aktien auf dem OTC Pink Market bekannt gegeben, die am 7. Oktober 2024 in Kraft tritt. Dies folgt auf eine Handelsperiode im OTC Expert Market seit dem 16. Mai 2023. Orbit International Corp. ist ein Hersteller von Elektronik und Anbieter von Softwarelösungen mit zwei Hauptabteilungen:
1. Die Elektronikgruppe: Entwickelt und produziert maßgeschneiderte elektronische Geräte und Subsystemlösungen für militärische, industrielle und kommerzielle Anwendungen über Einrichtungen in Hauppauge, NY, und Carson, CA.
2. Die Energiegruppe: Mit Sitz in Hauppauge, NY, entwirft und produziert verschiedene Energieprodukte, darunter AC-Stromversorgungen, Frequenzumrichter, Wechselrichter, VME/VPX-Stromversorgungen und COTS-Stromquellen.
- Reinstatement to OTC Pink Market, potentially improving stock visibility and liquidity
- Diverse product portfolio across electronics and power solutions
- Presence in military, industrial, and commercial markets
- Previously delisted from OTC Pink Market, indicating past compliance issues
- No specific financial metrics or growth indicators provided
HAUPPAUGE, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, announced today that trading of its stock has been reinstated to the OTC Pink Market effective Monday, October 7, 2024. The Company’s stock had been trading on the OTC Expert Market since May 16, 2023.
Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial applications through its production facilities in Hauppauge, NY and Carson, CA. Orbit’s Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources.
Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding our expectations of Orbit’s operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.
Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit's reports posted with the OTC Disclosure and News service. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT
David Goldman
Chief Financial Officer
631-435-8300
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