Astronics Corporation Selected by Iberia Airlines to Supply EMPOWER(R) In-Seat Power Systems with USB Power
EAST AURORA, N.Y.--(BUSINESS WIRE)-- Astronics Corporation (NASDAQ: ATRO), a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries, today announced that it has been selected by Iberia Airlines, the Spanish flag carrier, to supply its EMPOWER(R) in-seat power systems for the airline's economy cabins. Iberia currently utilizes Astronics' EMPOWER(R) products in its business class cabins. The first installation will take place in 2011, and the initial program covers the entire economy cabin, or 267 seats, of seven Airbus 340-300 aircraft.
Iberia Airlines is the launch customer for the newest generation of EMPOWER(R) products that were introduced at the Airline Passenger Experience Association (APEX) Conference & Exhibition (formerly the World Airline Entertainment Association) in Long Beach, California in September. The order includes the newest in-seat power supply system which provides up to 200VA per passenger, USB power outputs, and the integrated AC and USB outlet unit.
"Leading airlines around the world recognize that our EMPOWER(R) in-seat power systems are the industry standard. Selection of our newest EMPOWER(R) products by Iberia Airlines is a testament to our innovation and the technology that we continue to develop in order to meet the increasing needs of airline passengers," noted Peter J. Gundermann, President and CEO of Astronics Corporation.
Astronics is the market leader in bringing power to passengers and airline personnel, and its EMPOWER(R) in-seat power systems are used to enhance passengers' flying experience by powering their personal electronic devices and laptop computers as well as aircraft in-flight entertainment systems. The Company's systems have been installed on over 150 airlines to power over 500,000 seats.
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries. The Company's strategy is to develop and maintain positions of technical leadership in its chosen aerospace and defense markets, to leverage those positions to grow the amount of content and volume of product it sells to those markets and to selectively acquire businesses with similar technical capabilities that could benefit from our leadership position and strategic direction. Astronics Corporation, and its wholly-owned subsidiaries, DME Corporation, Astronics Advanced Electronic Systems Corp. and Luminescent Systems Inc., have 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.
Iberia today is Spain's leading airline and also leader on routes between Europe and Latin America. In 2005 it carried 32.4 million passengers, posting income of 5,603 million euros and net earnings of 395.8 million euros. Along with its franchise partner Iberia Regional, it operates some 1,000 daily flights to about 100 destinations. Iberia is a member of oneworld airline alliance along with Aer Lingus, American Airlines, British Airways, Cathay Pacific, Finnair, LAN y Qantas. More information about the Iberia Group is available at http://grupo.iberia.com.
Safe Harbor Statement
This press 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 expression. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially include the state of the aerospace industry, 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 press release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.
Source: Astronics Corporation
Released January 5, 2011