IRVINE, Calif.--(BUSINESS WIRE)--Probe Manufacturing, Inc., (OTC QB : PMFI), a global electronics design & manufacturing services company, announced today that it has received a long term commitment from a leading edge telecommunication company to provide global electronics design and manufacturing services for the production of the Telecommunication products in the forefront of infrastructure modernization which increases efficiencies and cuts cost.
Probe shipped $275,000 in 2011 to this new customer and expects substantial growth in 2012. Telecommunications is one of the few industries that provided strong technological improvement during the recession. The remarkable growth of high-speed mobile Internet traffic for wireless data and video has transformed the industry into an expanding, productive and competitive market that has rapidly growing EMS needs.
“This customer offers one of the most innovative products in its market and we are delighted that they have selected Probe Manufacturing as their global manufacturing partner for the manufacturing of this revolutionary product,” said Kam Mahdi, CEO of PMI. “This strategic partnership allows us to further expand our footprint in advanced telecommunication segments and to be involved with markets that are being served by Verizon and AT&T type of OEMs, we look forward to growing this partnership and providing them with our global resources, supply chain logistics and end-to-end capabilities enabling our customers to achieve their exciting growth plans.”
About Probe Manufacturing, Inc.
Probe Manufacturing is a global electronics design & manufacturing services company providing innovators with business services through our factory in California as well as factories Worldwide. Headquartered in Irvine, California, PMI has been serving industrial, instrumentation, medical, aerospace, defense, renewable energy and automotive industries since 1994. Probe’s common stock is traded on the OTC Market QB 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 Probe’s business strategy to become a global EMS provider will be financially beneficial to the Company and whether it can maintain its revenue growth experienced in the last three months. 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 our global business strategy; 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.