HAUPPAUGE, N.Y., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (the "Company") (OTCID Basic Market:ORBT), an electronics manufacturer and software solution provider, today announced that for the month of August 2025, consolidated bookings were approximately $2,400,000. The strong booking month was primarily due to bookings recorded by its Orbit Power Group ("OPG") in excess of $1,700,000, which included a previously announced approximately $1,000,000 follow-on order for a commercial power supply used in a military application. Deliveries for orders received during the month 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 strong bookings of approximately $2,400,000 for the month of August 2025. The strong booking month was mostly attributable to our OPG, with bookings in excess of $1,700,000 including the previously announced approximately $1,000,000 follow-on order for a commercial power supply that is used in a military application as well as an approximately $450,000 order for a commercial power supply also used in a military application."
Binder added, "In addition to the strong bookings from our OPG, our Simulator Products Solutions LLC ("SPS") subsidiary also had a firm booking month and continues to bid on several opportunities that we hope will materialize into orders in the coming months. We are also bidding on several new and follow-on opportunities for our VPX power supplies. Furthermore, our Orbit Instrument division is expecting a significant award during the current quarter on a legacy program for the U.S. Navy. Although the timing of the receipt of these awards remains beyond our control, we are encouraged by the breadth of opportunities and remain hopeful that our order flow will increase for the remainder of 2025."
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.
CONTACT
David Goldman
Chief Financial Officer
631-435-8300
