Orbit International (OTC PINK:ORBT)

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Mark Prieto, Senior Vice President of Business Development

To render network-centric military operations efficiently and make informed decisions by having proper situational awareness, it is imperative to have an intuitive human-machine interface or HMI solution. But military equipment needs to be qualified to meet specific standards and must conform to Form, Fit, and Function for most applications. Also, these solutions are expected to work in environments that could have high altitude or temperature, vibration, and shock or fluid Intrusion, which makes durability and reliability a mandatory requirement. Unfortunately, the increasing product specifications and the level of its sophistication is becoming a significant challenge for manufacturers—is addressing each one of them is a task easier said than done.

Founded in 1957—Orbit International, a custom electronic solutions manufacturer that caters to military and non-military government applications—works in liaison with its customers to offer best-in-class solutions that match their specific needs. With two operating units—Orbit Electronics Group, a designer of HMI devices and solutions and Orbit Power Group, a manufacturer of wide range of COTS and VPX Power Supplies and power products, such as AC-DC, DC-AC, VME and VPXPower Supplies for commercial, industrial, and military needs—the company brings holistic and reliable solutions to the table.

“We have been in business for more than 60 years with several ongoing military and government projects, and we work with our customers to provide viable and efficient solutions. By providing support from the design process to installation and maintenance, we mitigate the issues around survivability and keep buyers updated on obsolescence issues of their equipment,” says Mark Prieto, Senior Vice President of Business Development at Orbit International.

Being operational in a highly sensitive zone, Orbit International follows a comprehensive quality control process to offer customers the best possible solutions.

We have been in business for more than 60 years with several ongoing militaries and government projects, and our solutions are well-accepted by our customers

For instance, every solution that the company provides goes through a rigorous testing and qualification process from the very beginning. “Quality is our main concern, and we achieve it by understanding every single detail. This approach has helped build our reputation to a great extent. Additionally, we stand behind every solution that we offer, and customers never hesitate to come back even after 15 or 20 years for next-generation changes. This is the key to build a long-standing relationship with many of our customers,” says Prieto.

Durability is another critical area where Orbit International concentrates. The reliable operator interfaces that Orbit International provides to the government and defense sector can withstand harsh environments in terrain, shipboard, and airborne conditions. Apart from this, the company holds a nimble and experienced team that is well-acquainted with the military environment. By enabling the company to break the limitations of one-size-fits-all models and address customer-specific needs seamlessly, the team plays a vital role in sharpening Orbit International’s edge in the market.

Honing such capabilities, Orbit International has added several renowned customers to its list. In one instance, one of its customers demanded an upgraded unit for a flight operating system. To meet their requirements, the seasoned team at Orbit International designed a unit with a touch screen and added some additional capabilities, such as having real-time weather and targeting information. Most importantly, it replicated the core functionalities of the existing form, fit, and function of the unit and ensured that all the information would be displayed on the same screen. With such instances of customer success, the company has built its reputation in the marketplace.

Striding ahead, Orbit International will sharpen its edge by continually improving its engineering, manufacturing, and support capabilities. Also, it has started to work with new customers, which is going to enhance its problem-solving skills on a massive scale. “We are a public company with experienced management. Leveraging our years of experience, we have grown into a one-stop-shop for unique military requirements to support our customers’ needs,” concludes Prieto.

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Orbit International (OTC PINK:ORBT)

Company
Orbit International (OTC PINK:ORBT)

Management
Mark Prieto, Senior Vice President of Business Development and
Mitch Binder, CEO and Karl Schmidt, COO

Description
To render network-centric military operations efficiently and make confident and timely decisions, it is imperative to have an intuitive human-machine interface or HMI solution.Founded in 1957, Orbit International—manufacturer of custom electronic device and Power solutions for military and non-military government applications—works in liaison with its customers to offer best-in-class solutions for their specific needs. Also, every solution that the company provides goes through a rigorous testing process. This enables the company to maintain quality and make solutions reliable

Orbit International (OTC PINK:ORBT) News

Orbit International Corp. Appoints Marshall Sterman to Its Board of Directors

HAUPPAUGE - Orbit International Corp. (OTC PINK:ORBT), announced that Marshall Sterman has joined its Board of Directors replacing Bernard Karcinell who passed away in November 2022. Mr. Sterman will be serving as Chairman of Orbit’s Audit Committee and as a member of its Compensation and Nominating and Corporate Governance Committees.

Mr. Sterman, who is a CPA, is currently President of HMS Advisors, LLC, a financial and strategic advisory services company. Previously, he was a partner at Mazars LLP’s Manhattan office for 24 years.

Mitchell Binder, President and CEO of Orbit International commented, “We are delighted to have Marshall Sterman join our Board of Directors. Marshall’s extensive experience as a CPA and financial advisor make him an excellent choice as a Board member and to chair our Audit Committee. We look forward to working with Marshall to help achieve our business objectives and to grow our company.”

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.

Orbit International Reports Consolidated Bookings for November 2023 in Excess of $3,100,000

SPS Reports Year to Date Record Bookings of in Excess of $10,600,000

HAUPPAUGE - Orbit International Corp. (OTC Expert Market:ORBT), announced that its consolidated bookings for the month of November 2023 were in excess of $3,100,000. Deliveries for the November 2023 orders have already commenced and are expected to continue through the second quarter of 2025.

Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that consolidated bookings for the month of November 2023 were in excess of $3,100,000 with the majority of our bookings for the month coming from our legacy businesses at our Orbit Electronics Group (”OEG”) and Orbit Power Group (“OPG”). Bookings for our OEG, exclusive of orders received by our Simulator Product Solutions (“SPS”) subsidiary, were approximately $2,000,000, highlighted by an approximately $1,500,000 order from a large defense contractor for a switch panel used on a U.S. Navy program. Additional orders received were for other switch panels and displays. Bookings at our OPG were in excess of $700,000, highlighted by an approximately $400,000 order for our VPX power supplies used on a major aircraft program.”

Binder added, “Orders for our SPS subsidiary were approximately $400,000 in November, which brought SPS’ record year-to-date bookings to approximately $10,600,000, an increase of approximately $5,400,000 or approximately 96%, when compared to total SPS bookings for all of 2022. In addition, SPS has certain remaining new and follow-on business opportunities that it hopes will be awarded prior to year-end, adding to its record bookings year, and achieving a year-over-year booking increase of over 100%.”

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.