Orbit International's Power Group Reports Bookings of Approximately $1,000,000 for the Month of May 2025
Bookings for VPX Power Supplies Remain Strong in 2025
HAUPPAUGE, N.Y., June 05, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the 'Company') (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that bookings for its Orbit Power Group ('OPG') for the month of May 2025 were approximately $1,000,000. Deliveries for these orders have already commenced and are expected to continue through the fourth quarter of 2026.
Mitchell Binder, President and CEO of Orbit International commented, 'We are pleased to report very strong bookings for our OPG during the month of May 2025. Bookings for the month were highlighted by orders for VPX power supplies totaling over $800,000. Bookings for our VPX power supplies continue to be strong in 2025 after record bookings for this technology in 2024, and despite the delay of a significant follow-on order. This order was expected in the first half of 2025 and is now expected in the first half of 2026, however, the timing of receipt of military awards is always an uncertainty. We remain encouraged by the progress of this technology as we continue to receive follow-on orders from our customer base along with initial prototype orders from both existing and new customers as we develop additional features 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 VPX, COTS (Commercial-off-the-shelf) and commercial power supplies.
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 International Corp.'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 International Corp. 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 Corp.'s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International Corp. and the statements contained in this news release can be found in Orbit International Corp.'s reports posted with the OTC Disclosure and News service. For forward-looking statements in this news release, Orbit International Corp. claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit International Corp. assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
CONTACTDavid GoldmanChief Financial Officer631-435-8300
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