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News

ORBIT/FR Reports Significant New Orders


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ORBIT/FR
: 21 May, 2008  (New Product)
ORBIT/FR 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.
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