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EMRISE Corporation's Pending Acquisition of Advanced Control Components, Inc. Receives New Jersey Environmental Clearance.

Publication: Business Wire
Publication Date: 07-AUG-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Company Expects Closing On or About August 15, 2008

RANCHO CUCAMONGA, Calif. -- EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that privately held, Eatontown, N.J.-based Advanced Control Components, Inc. ("ACC") received clearance from the New Jersey Department of Environmental Protection ("NJDEP") for the pending acquisition of ACC by EMRISE.

The NJDEP clearance allows EMRISE to proceed with the closing of the acquisition of ACC, which is expected to occur on or about August 15, 2008, according to EMRISE President and Chief Executive, Carmine T. Oliva. "Now that ACC has obtained this clearance, we look forward to completing the acquisition and realizing the benefits of the synergies of ACC's product lines and market presence...

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