VAN NUYS, Calif. & ORSAY, France--(BUSINESS WIRE)--Electro Rent Corporation (Nasdaq: ELRC) and ART-Fi today announced that Electro Rent will become the sole provider of ART-Fi’s ART-MAN SAR measurement system and related services in the United States and Canada.
“ART-Fi is an exciting new entrant in the test and measurement industry, and we are pleased to be working with them as the sole provider of their equipment, which meets the growing needs of developers and manufacturers of wireless devices,” said Eric Williams, Vice President of Sales for Electro Rent. “As we work to consistently exceed our customers’ needs, the ART-MAN product will enhance our product breadth and depth in the expanding mobile industry.”
“We are creating a new platform that provides significant flexibility for Electro Rent and test and measurement equipment suppliers who can benefit from the robust sales and support infrastructure we already have in place,” said Dan Greenberg, Chairman and Chief Executive Officer of Electro Rent.
The ART-MAN, which reduces SAR testing time (relating to the amount of electromagnetic energy absorbed by the head or body when using a wireless device) from weeks to days, will be used by North American test labs, and wireless equipment and design manufacturers.
Electro Rent specializes in helping customers obtain the right equipment, at the right time, and at the right price. The company offers flexible equipment acquisition options including new and used equipment sales, rentals, and leasing alternatives.
“Electro Rent has built a fantastic reputation for providing customers with high-quality equipment and best-in-class customer service, and we are very pleased to be working with them to bring our new technology to the North American market,” said Benoit Derat, Chief Executive Officer of ART-Fi. “Electro Rent’s powerful sales presence and know-how will be of great value in getting our leading second generation SAR measurement system into the hands of those who need it most.”
“Electro Rent’s unique ability to provide technical assistance and custom acquisition alternatives to our SAR customers, while providing a full range of other related wireless test equipment to them, is a very powerful value proposition,” Williams said. “We will be working closely with ART-Fi to introduce the significant cost and time saving benefits of the ART-MAN product to a wide range of wireless companies and test labs throughout North America.”
About Electro Rent
Electro Rent Corporation (www.ElectroRent.com) is one of the largest global organizations devoted to the rental, leasing and sales of general purpose electronic test equipment, personal computers and servers.
About ART-Fi
ART-Fi’s main goal is to provide EMF measurement instrumentation and expertise to support the electronics and wireless industry in efficient delivering of innovative and regulatory compliant products.
“Safe Harbor” Statement
Except for the historical statements and discussions in this press release, Electro Rent’s statements above constitute forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect Electro Rent’s management’s current views with respect to future events and financial performance. Forward looking statements in this press release include statements regarding whether Electro Rent can establish and retain reseller and/or sales agent relationships with test and measurement equipment manufacturers, whether Electro Rent can grow its revenue and net profits, and whether North American test labs, wireless equipment manufacturers, design manufactures and other potential customers will use the ART-Man product. You should not put undue reliance on these statements. When used, the words “expect” and “will” and other similar expressions identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. The company believes its assumptions are reasonable; nonetheless, it is likely that at least some of these assumptions will not come true. Accordingly, Electro Rent’s actual results will probably differ from the outcomes contained in any forward-looking statement, and those differences could be material. Factors that could cause or contribute to these differences include, among others, those risks and uncertainties discussed in Electro Rent’s periodic reports on Form 10-K and 10-Q and in its other filings with the Securities and Exchange Commission. Should one or more of the risks discussed, or any other risks, materialize, or should one or more of our underlying assumptions prove incorrect, Electro Rent’s actual results may vary materially from those anticipated, estimated, expected or projected. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. Electro Rent undertakes no obligation to update or revise any forward-looking statements.