Emrise Corporation, a manufacturer of electronic devices for the defense and aerospace industries, said today it is relocating its corporate headquarters from Eatonton, N.J to Durham.
The company's headquarters will be located at 2530 Meridian Parkway. Emrise expects to have a small corporate presence initially.
Company officials could not be reached for comment today.
The move comes just days after Emrise completed the sale of its subsidiary, Advanced Control Components, which was based in Eatonton.
The company said it chose Durham because it considers North Carolina a business-friendly state.
"We are locating the company's headquarters in North Carolina because we believe it to be a business friendly state, particularly for Emrise," CEO Carmine T. Oliva said in a statement. "We also felt that remaining on the East Coast would keep our headquarters in a location central to our domestic and international operations and to our principal markets in North America and Europe."
Founded in 1983, the Company operates out of facilities in the United States, France and the United Kingdom.
The company's stock price (ticker ERI) closed at 85 cents on Tuesday, down 35 percent over the last year.
Emrise has an electronic devices group, which makes power conversion products, subsystem assemblies and RF and microwave devices and subsystems. The company's telecommunications group provides network access products, test equipment and synchronisation and timing systems to the telecommunications industry.
Emrise had 307 employees at the end of 2009, according to company filings.
Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or 
