Orbit International’s Simulator Product Solutions LLC Subsidiary Reports April Bookings in Excess of $1,125,000

Rhea-AI Summary

Orbit International's Simulator Product Solutions (SPS) subsidiary secured orders exceeding $1.125 million in April 2025, with deliveries scheduled through Q3 2025. This follows the Orbit Electronics Group's Q1 bookings of $4.7 million. The company's Orbit Power Group (OPG) reported strong performance in 2024, particularly in VPX technology power supplies, with expectations of continued growth in 2025 through follow-on business and new designs. Management is currently evaluating the impact of recent tariff announcements on product costs, especially for VPX power supplies.

Positive

• None.

Negative

• Uncertainty in timing of military awards
• Potential impact of new tariffs on product costs, particularly VPX power supplies

HAUPPAUGE, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that its Simulator Product Solutions LLC (“SPS”) subsidiary received orders during the month of April of 2025 totaling in excess of $1,125,000. Deliveries for these awards have already commenced and will continue through the third quarter of 2025.

Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report SPS bookings in excess of $1,125,000 for the month of April of 2025, which comes on the heels of $4,700,000 in bookings for our Orbit Electronics Group (“OEG”) that we announced for the first quarter. In addition to the firm monthly bookings, SPS continues to bid on several new opportunities which we hope will continue the momentum of bookings for the second quarter. We also believe that our position in the marketplace will add to additional business opportunities in the second half of 2025. However, the timing of receipt of military awards is always an uncertainty.”

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. We are monitoring the recent tariff announcements and are evaluating their impact on the cost of our product and in particular our VPX power supplies.”

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

What is the value of Orbit International's (ORBT) SPS subsidiary orders for April 2025?

Orbit International's SPS subsidiary received orders totaling over $1.125 million in April 2025, with deliveries scheduled through Q3 2025.

How much were Orbit International's (ORBT) Electronics Group bookings in Q1 2025?

Orbit International's Electronics Group (OEG) reported bookings of $4.7 million for the first quarter of 2025.

What is Orbit International's (ORBT) outlook for VPX power supplies in 2025?

The company expects continued growth through follow-on business for VPX power supplies and new designs to expand market reach, following record bookings in 2024.

What are the main challenges facing Orbit International (ORBT) in 2025?

The company faces uncertainty in the timing of military awards and is evaluating the impact of recent tariffs on product costs, particularly for VPX power supplies.