Gresham Worldwide’s Subsidiary, Enertec Systems, Wins $20 Million Contract - Seite 2

About Enertec Systems 2001 Ltd, a Gresham Worldwide Company

Enertec designs, engineers and manufacturers sophisticated multi-purpose electronics solutions for the defense, aerospace, and medical industries. Its solution offerings include customized computer-based automated test equipment, calibration machines, simulators and turnkey solutions designed to perform under demanding conditions and in the harshest environments. Enertec serves Fortune 50 companies, militaries and top-tier defense contractors who support them with platforms in the air, on land and at sea around the world.

About Gresham Worldwide

Gresham Worldwide works through its operating companies in the United States, the United Kingdom and Israel to deliver purpose-built electronic technology solutions that save, protect, and enhance life. Gresham Worldwide focuses on providing turnkey electronic solutions for defense, test and training applications, power electronics and displays, and radio frequency, microwave and n\millimeter wave systems and components. Gresham Worldwide primarily supports the defense and aerospace industry as well as mission-critical applications in medical technology, transportation, telecommunications, and industrial market sectors. www.greshamworldwide.com

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the timing of new orders for Enertec’s new $20 million contract and the expected results of that contract on Enertec’s backlog, revenue and profitability, anticipated additional large orders from the same customer, and Enertec’s ability to capitalize on growing demand for its solutions and deliver strong, positive results to Gresham Worldwide investors for years to come. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Such risk and uncertainties include, among other factors:(i) the impact of the outbreak of war in Israel, (ii) political factors that may affect Enertec and its receipt of new orders later this year, (iii) the ongoing geopolitical military conflict (including, the Russian war on Ukraine, tensions with China and Taiwan and unrest in the Middle East) will continue, (iv) the effect of any supply chain turmoil, and inflation, and (v) reductions in defense budgets. There can be no assurance that any of the foregoing assumptions will be accurate. Forward-looking statements speak only as of the date they are made, and Gresham undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect Gresham’s business and financial results are included in Gresham’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, Gresham’s Forms 10-K, 10-Q, and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.greshamworldwide.com.