HORSHAM, Pa., May 23, 2012 /PRNewswire/ -- ORBIT/FR, Inc. (OTC Bulletin Board: ORFR), a leading producer of sophisticated, automated microwave test and measurement systems for the aerospace/defense, wireless communication, automotive, and satellite industries, today announced its intention to deregister its common stock, par value $0.01, and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, effective May 30, 2012.

We believe that the deregistration, and the related suspension of reporting obligations, will reduce operating costs and will allow the Company to focus on protecting and increasing stockholder value over the long-term and to compete more effectively in the marketplace. In connection with the deregistration, effective immediately following the filing of deregistration forms with the Securities and Exchange Commission, the Company's common stock will no longer be eligible for quotation on the OTC Bulletin Board. Following deregistration, we expect to list our common stock for trade on the Pink Sheets and we expect to continue to make certain financial information available to the public on a quarterly basis.