NILE - BitNile's defense business booked over $10M in new orders in Q2

• Gresham Worldwide, the global defense business of BitNile ( NYSE: NILE ), booked new orders in excess of $10M in the second quarter of 2022, up over 23% Q/Q.
• Gresham operating companies secured significant new orders in Q2 amid increased demand for its solutions as a result of active military budgets and recent supply chain efficiencies for the company.
• Enertec increased bookings 68% to $5.2M, with particularly strong performance in the medical sector.
• Microphase booked $1.53M in new orders from the U.S. military and global defense contractors for RF Filter and Detector Log Video Amplifier product lines.
• Bookings for power conversion equipment and displays at Gresham's operating companies exceeded $3.35M for the quarter.
• Gresham expects ongoing global conflicts and continued concerns regarding industry supply chains to sustain its bookings momentum through the end of 2022 and into 2023.

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