Orbit International’s Electronics Group Reports First Quarter Bookings in Excess of $4,700,000
Orbit International Corp. (OTC PINK:ORBT) has reported significant Q1 2025 bookings exceeding $4,700,000 through its Electronics Group (OEG). The orders comprise over $3,000,000 from OEG legacy business and more than $1,700,000 from their Simulator Product Solutions (SPS) subsidiary.
A notable highlight includes a previously announced follow-on contract exceeding $1,925,000 for U.S. Navy military program products. The SPS orders were achieved despite delays in several large contract opportunities, which are expected to materialize in Q2. Deliveries for these awards have commenced and will continue through Q2 2026.
The company's Orbit Power Group (OPG) reported strong performance in 2024, primarily driven by record bookings for VPX technology power supplies. Management expressed confidence in securing both follow-on business for VPX power supplies and developing new designs to expand their market presence in 2025.
Orbit International Corp. (OTC PINK:ORBT) ha riportato prenotazioni significative per il primo trimestre del 2025, superando i 4.700.000 dollari attraverso il suo Electronics Group (OEG). Gli ordini comprendono oltre 3.000.000 dollari provenienti dall'attività tradizionale di OEG e più di 1.700.000 dollari dalla loro controllata Simulator Product Solutions (SPS).
Un punto saliente è rappresentato da un contratto di follow-on precedentemente annunciato, che supera i 1.925.000 dollari per i prodotti del programma militare della Marina degli Stati Uniti. Gli ordini SPS sono stati ottenuti nonostante i ritardi in diverse grandi opportunità contrattuali, che si prevede si concretizzeranno nel secondo trimestre. Le consegne per questi premi sono già iniziate e continueranno fino al secondo trimestre del 2026.
Il gruppo Orbit Power Group (OPG) ha riportato una forte performance nel 2024, principalmente guidata da prenotazioni record per alimentatori di tecnologia VPX. La direzione ha espresso fiducia nel garantire sia affari di follow-on per alimentatori VPX sia nello sviluppo di nuovi progetti per espandere la loro presenza sul mercato nel 2025.
Orbit International Corp. (OTC PINK:ORBT) ha reportado reservas significativas para el primer trimestre de 2025, superando los 4.700.000 dólares a través de su Electronics Group (OEG). Los pedidos comprenden más de 3.000.000 de dólares de la actividad heredada de OEG y más de 1.700.000 dólares de su filial Simulator Product Solutions (SPS).
Un aspecto destacado incluye un contrato de seguimiento previamente anunciado que supera los 1.925.000 dólares para productos del programa militar de la Marina de los EE. UU. Los pedidos de SPS se lograron a pesar de los retrasos en varias oportunidades de contratos grandes, que se espera se materialicen en el segundo trimestre. Las entregas para estos premios han comenzado y continuarán hasta el segundo trimestre de 2026.
El grupo Orbit Power Group (OPG) reportó un sólido desempeño en 2024, impulsado principalmente por reservas récord para fuentes de alimentación de tecnología VPX. La dirección expresó confianza en asegurar tanto negocios de seguimiento para fuentes de alimentación VPX como en desarrollar nuevos diseños para expandir su presencia en el mercado en 2025.
오르빗 인터내셔널 코퍼레이션 (OTC PINK:ORBT)는 전자 그룹(OEG)을 통해 2025년 1분기 예약이 4,700,000달러를 초과했다고 보고했습니다. 이 주문은 OEG의 기존 사업에서 3,000,000달러 이상, 자회사인 시뮬레이터 제품 솔루션(SPS)에서 1,700,000달러 이상을 포함합니다.
주요 하이라이트 중 하나는 미 해군 군사 프로그램 제품에 대한 1,925,000달러를 초과하는 사전 발표된 후속 계약입니다. SPS 주문은 여러 대형 계약 기회의 지연에도 불구하고 달성되었으며, 이러한 기회는 2분기에 실현될 것으로 예상됩니다. 이들 수상에 대한 납품이 시작되었으며 2026년 2분기까지 계속될 것입니다.
회사인 오르빗 파워 그룹(OPG)은 2024년에 강력한 성과를 보고했으며, 이는 주로 VPX 기술 전원 공급 장치에 대한 기록적인 예약에 의해 주도되었습니다. 경영진은 VPX 전원 공급 장치에 대한 후속 비즈니스를 확보하고 2025년 시장 존재를 확장하기 위한 새로운 디자인을 개발할 것이라는 자신감을 표명했습니다.
Orbit International Corp. (OTC PINK:ORBT) a rapporté des réservations significatives pour le premier trimestre 2025, dépassant 4.700.000 dollars grâce à son Electronics Group (OEG). Les commandes comprennent plus de 3.000.000 dollars provenant de l'activité historique d'OEG et plus de 1.700.000 dollars de sa filiale Simulator Product Solutions (SPS).
Un point saillant est un contrat de suivi précédemment annoncé, dépassant 1.925.000 dollars pour des produits du programme militaire de la Marine américaine. Les commandes SPS ont été réalisées malgré des retards dans plusieurs grandes opportunités de contrats, qui devraient se concrétiser au deuxième trimestre. Les livraisons pour ces contrats ont commencé et se poursuivront jusqu'au deuxième trimestre 2026.
Le groupe Orbit Power Group (OPG) a rapporté une forte performance en 2024, principalement tirée par des réservations record pour des alimentations électriques de technologie VPX. La direction a exprimé sa confiance dans la sécurisation des affaires de suivi pour les alimentations VPX et le développement de nouveaux designs pour élargir leur présence sur le marché en 2025.
Orbit International Corp. (OTC PINK:ORBT) hat im ersten Quartal 2025 bedeutende Bestellungen von über 4.700.000 Dollar durch seine Electronics Group (OEG) gemeldet. Die Bestellungen umfassen über 3.000.000 Dollar aus dem Erbe-Geschäft von OEG und mehr als 1.700.000 Dollar von ihrer Tochtergesellschaft Simulator Product Solutions (SPS).
Ein bemerkenswerter Höhepunkt ist ein zuvor angekündigter Folgeauftrag von über 1.925.000 Dollar für Produkte des militärischen Programms der US Navy. Die SPS-Bestellungen wurden trotz Verzögerungen bei mehreren großen Vertragsmöglichkeiten erzielt, die im zweiten Quartal verwirklicht werden sollen. Die Lieferungen für diese Aufträge haben begonnen und werden bis zum zweiten Quartal 2026 fortgesetzt.
Die Orbit Power Group (OPG) des Unternehmens berichtete 2024 von einer starken Leistung, die hauptsächlich durch Rekordbestellungen für VPX-Technologie-Stromversorgungen angetrieben wurde. Das Management äußerte Vertrauen in die Sicherung sowohl von Folgegeschäften für VPX-Stromversorgungen als auch in die Entwicklung neuer Designs zur Erweiterung ihrer Marktpräsenz im Jahr 2025.
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HAUPPAUGE, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) received orders during the first quarter of 2025 totaling in excess of
Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report OEG bookings in excess of
Binder added, “We continue to be very confident in the progress of our Orbit Power Group (“OPG”). We recorded a very firm booking year in 2024, principally due to record bookings for power supplies utilizing our VPX technology. We continue to be confident that in 2025, we will continue to both receive follow-on business for our VPX power supplies and deliver new designs that will expand our reach in the marketplace for this technology.”
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
FAQ
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