Probe Manufacturing Secures $250,000 Manufacturing Contract from a Leading Sensing Device Manufactur
Probe Manufacturing Secures $250,000 Manufacturing Contract from a Leading Sensing Device Manufacturer and Supplier
IRVINE, Calif.--(BUSINESS WIRE)-- Probe Manufacturing, Inc., (OTC QB : PMFI), a global electronics design & manufacturing services company, announced today that it has secured a $250,000 purchase order from an existing customer that is a leading US manufacturer and supplier of advanced sensing devices for such industries as Medical, Aerospace, Automotive, and Automation Robotics. Since 1988, our customer has demonstrated steady growth and is a recognized market leader in the sensor industry both in the US and internationally. The products under the purchaser order will start shipping in the current fiscal quarter with the majority be shipped in the 3rd & 4th quarter of this year.
Although our company and the industry as a whole experienced slower growth during the last half of 2012 and the first quarter of 2013 as reported in our annual report, customer demand is starting to strengthen and our backlog has approximately doubled since March of this year," stated Kam Mahdi, CEO of PMI. "This customer offers the most advanced and sophisticated products in the sensor industry and we couldn't be more pleased that they continue to rely on PMI as their manufacturing partner."
About Probe Manufacturing, Inc.
Probe Manufacturing is a global electronics design & manufacturing services company providing innovators with business services through our factory in California and Utah as well as factories Worldwide. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, automotive and renewable energy industries since 1994. Probe's common stock is traded on the OTC QB Market under the symbol PMFI. Further information is available on Probe's website: www.probeglobal.com.
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to whether PMI will continue to experience stronger customer demand; whether its customer will continue to place purchase orders with PMI and rely on PMI as its manufacturing partner and whether its customer will continue to experience demand in the sensor industry.Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties regarding changes in the EMS industry; the uncertainties relating to the implementation of PMI's business strategy and adherence to its business model; and other risk factors as outlined in the company's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
KEYWORDS: United States North America California
The article Probe Manufacturing Secures $250,000 Manufacturing Contract from a Leading Sensing Device Manufacturer and Supplier originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.