Business
Orbit International Corp. Reports Consolidated Bookings of Approximately $2,000,000 in November 2021
Orbit International Corp. Reports Consolidated Bookings of Approximately $2,000,000 in November 2021.
About this update from Orbit International Corp.
[{"type":"text","content":"\n HAUPPAUGE, N.Y., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that consolidated bookings from both its Electronics Group (“OEG”) and Power Group (“OPG”) for the month of November 2021 were approximately $2,000,000. Deliveries for some of these orders have already commenced and are expected to continue through the fourth quarter of 2022. Mitchell Binder, President and CEO of Orbit International, commented, “We are pleased to report a firm booking month in November with consolidated bookings of approximately $2,000,000. Bookings for the month were about evenly divided between our OEG and OPG. Our OEG bookings were highlighted by an order for a remote-control unit which supports major aircraft programs and a relatively large follow-on order for our Q-Vio subsidiary for industrial displays for which our customer anticipates additional orders in the future.” Binder added, “Bookings from our OPG were highlighted by the first relatively strong booking month in 2021 for our commercial division and includes an order for a COTS power supply. In addition, we are currently working on an order with a customer utilizing our VPX power supplies which we believe will be awarded prior to year-end and will enable us to exceed our 2021 50% bookings growth objective for our VPX technology. Finally, these new orders in November continue to solidify our OEG and OPG delivery schedules for 2022.” 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 facility in Hauppauge, New York. 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. On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (COVID-19) a global pandemic and recommended containment and mitigation measures worldwide. The Company was classified as an essential business by New York State and therefore was exempt from the state’s mandate that...