B.O.S. Better Online Solutions Ltd. Receives Over $400,000 in Initial Components Orders from India
Rishon Letzion, Israel — September 13, 2010 — B.O.S. Better Online Solutions Ltd. (“BOS”) (NASDAQ: BOSC), today announced that it has begun supplying electronic components to several customers in India, based on initial orders of over $400,000 received in the last few months.
BOS’ supply chain division, which offers electronic components and components consolidation services to the aerospace, defense, medical and telecommunications industries as well as to enterprise customers worldwide, has recently begun establishing relationships in India. The recent orders are for electromechanical parts, semiconductors and networking equipment.
“BOS’ supply chain division has been working to expand its business into several new geographic areas, including India,” said Avidan Zelicovsky, BOS President. “These orders represent our initial success. Due to our expansion efforts, we expect this trend to continue, with follow-on orders from these customers as well as orders from new customers in India.”
The Company’s supply chain division operates out of two branches, one in the United States and one in Israel. The American branch has been a leading provider of electronic components to the aerospace industry for over 50 years, offering kitting services for a long list of electronic components needed by aircraft manufacturers, including inlays, tags, antennas, batteries, circuit breakers, headphones, aircraft communications systems, semiconductors, electron tubes, transformers and waveguide accessories.
The Israeli branch supplies electronic components (passive, active and electro-mechanical) to manufacturers in the military, commercial, industrial and aerospace markets, and provides sales and engineering service and support for various components. It also provides kitting services for the purchasing of a broad spectrum of electronic components and sub-systems. In addition, BOS represents leading network equipment suppliers in Israel.