Astronics' Exterior Lighting Selected for Embraer's Phenom 300 Light Jet
EAST AURORA, N.Y.--(BUSINESS WIRE)--
Astronics Corporation (NASDAQ: ATRO), a trusted leader in innovative, high performance lighting, electrical generation, control and distribution systems for the global aerospace industry, announced today that they have been selected by Embraer (NYSE: ERJ) to provide the complete exterior lighting system for its Phenom 300 light jet platform.
Astronics will work with Embraer in the certification process to design the exterior lighting system, utilizing LED (light emitting diode) and HID (high intensity discharge) lighting technology, which will provide an unprecedented combination of performance and reliability. Astronics will also supply flood lighting and lighting controllers for the cockpit.
Peter J. Gundermann, President and CEO of Astronics Corporation, commented, "It is a significant win for our company to be selected by Embraer to provide the exterior lighting suite for the Phenom 300 light jet. We have been working very closely with Embraer over the past year developing similar products for the Phenom 100 very light jet. We expect that both the Phenom 100 and 300 will be successful programs over the long term and excellent platforms for our high reliability exterior lighting technology. With this award, Embraer is part of a growing number of top tier aircraft companies worldwide who have chosen Astronics to provide exterior lighting systems for their latest aircraft development projects."
The first flight of the Phenom 300 is scheduled for mid-2008 with certification scheduled for mid-2009. The Phenom 100 very light jet performed its maiden flight this past July and certification is scheduled for mid-2008.
Embraer (Empresa Brasileira de Aeronautica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world's leading manufacturer of Commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company also provides after sales support and services to customers worldwide. On June 30, 2007, Embraer had a workforce of 23,637 employees and a firm order backlog of US$15.6 billion.
For more information on Embraer, please see their website at: www.embraer.com
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a trusted leader in innovative, high performance lighting, electrical generation, control and distribution systems for the global aerospace industry. Its strategy is to expand the value and content it provides to various aircraft platforms through product development and acquisition. Astronics Corporation, and its wholly-owned subsidiaries 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.
For more information on Astronics and its products, visit its website at www.Astronics.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 September 24, 2007