Astronics Corporation Awarded EmPower® Contracts from Three Major Asia Airlines
EAST AURORA, N.Y., June 23, 2016 (GLOBE NEWSWIRE) -- Astronics Corporation (NASDAQ:ATRO), a leading supplier of products to the global aerospace, defense, and semiconductor industries, today announced the newest EmPower® in-seat power system from wholly-owned subsidiary Astronics Advanced Electronic Systems (AES) has been selected by three major airlines in Asia for installations scheduled through the 2017 to 2021 timeframe. These recent awards will place in-seat power in more than 230 additional aircraft serving the Asia Pacific region. The installations, valued at more than $16 million, will be in Boeing 737, 737-800 & 737 MAX, Airbus A320 and Bombardier CS300 aircraft.
This system includes various EmPower® configurations, including 110V 60Hz as well as high-power (2.1A) USB for use with laptops and other Personal Electronic Devices (PEDs), such as iPad® and Smartphones.
Mike Hettich, Vice President of Astronics AES Cabin Electronics, said, “Statistics show that 97% of global passengers travel with their own mobile devices. Airline carriers worldwide are responding to their passengers’ requests for power at the seat to keep their devices operational during the flight and fully charged for when they arrive at their destination.”
For nearly 20 years, Astronics has developed patented, intelligent power management systems. The patented EmPower® System is currently in service with over 190 Airline/OEM customers at more than 900,000 seat locations.
ABOUT ASTRONICS CORPORATION
Astronics Corporation (NASDAQ:ATRO) is a leading supplier of products to the global aerospace, defense and semiconductor industries. Astronics’ products include advanced, high-performance electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. Astronics’ strategy is to increase its value by developing technologies and capabilities, either internally or through acquisition, and using those capabilities to provide innovative solutions to its targeted markets and other markets where its technology can be beneficial. Through its wholly-owned subsidiaries, Astronics has a reputation for high-quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. The Company routinely posts news and other important information on its website at www.astronics.com.
For more information on Astronics and its products, visit its website at: www.Astronics.com.
Safe Harbor Statement
This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words “expect,” “anticipate,” “plan,” “may,” “will,” “estimate” or other similar expressions. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially include the capabilities of the acquired company, achieving expected revenue levels, successfully leveraging complementary capabilities in the Test Systems segment, the state of the aerospace and defense industries, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes, the demand for and market acceptance of new or existing aircraft which contain the Company’s products, customer preferences, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.
For more information: Product: Dennis Markert Director, New Business Development Cabin Product Line (425) 895-4374 email@example.com Investors: Deborah K. Pawlowski (716) 843-3908 firstname.lastname@example.org
Released June 23, 2016