AISystems, Inc. (OTCBB: ASYI) ("AISystems" or the "Company"), creator of jetEngine™, a revolutionary business platform software system for the airline industry, is pleased to announce that a major US airline is beta testing the jetEngine™ Business Planning Suite ("jetEngine™ BPS").
Major Beta Customer
AISystems launched its jetEngine™ Beta Customer Program on April 11, 2011 and the program is now well underway. AISystems is now beta testing with one of the largest airlines in the United States. AISystems has been working with this airline for over 3 years exploring planning scenarios as AISystems has been building out its products. Now, with the recent launch of the jetEngine™ BPS beta program, the airline has begun beta testing the system.
"We are excited to take this next step with a major airline" stated Stephen C. Johnston, President and CEO of AISystems. "Beta testing our jetEngine™ BPS with an airline that has more than 500 aircraft is a solid example of how powerful our system is and really puts us on the world stage in airline planning."
"We have always believed that planning is by far the most important function in the very cost-intensive airline business, as it is almost impossible to correct for inadequate planning in any downstream function at the airline. At this time due to a non-disclosure agreement we are unable to disclose the name of the airline beta testing the jetEngine™ BPS but we will disclose the airline name as soon as permitted."
Commenting further, Mr. Johnston stated "We also have a number of additional capabilities within the operational areas of the airline, but we are convinced that every airline must start with sound planning. jetEngine™ BPS has been designed to allow an airline to quickly determine how to unlock value within its network and how to translate that into bottom line profit."
About jetEngine™ BPS
jetEngine™ BPS is an advanced business platform that produces a complete business plan including a cost, revenue and profitability analysis. As well, the system produces completely integrated and feasible route, fleet, crew and maintenance schedules at a speed previously unimaginable. This tool, based on advanced scheduling algorithms and features, allows for the complete redesign of the airline business planning approach. When building the business plan, satisfying all planning requirements and business objectives, jetEngine™ BPS reduces the airline planning cycle from months to minutes. This paradigm shift in airline planning is only possible through jetEngine™ BPS' breakthrough technology and algorithms.
A powerful feature of jetEngine™ BPS is that it operates in the "Cloud", independently of existing in-house systems. jetEngine™ BPS is AISystems' first cloud-based software suite and is the first product in the Company's new SAAS (Software as a Service) business model, allowing it to be rapidly implemented by an airline.
AISystems is inviting selected airlines, airline industry planners, executives, management consultants and financial analysts to participate in our jetEngine™ Beta Customer Program. Operating closely with the Company, these select airlines and individuals will be able to model complex airline planning problems and view real-world opportunities for improved revenue and profitability. For further information on the jetEngine™ Beta Customer Program please call +1 (416) 367-2544 or email jetEngine-Beta-Invite@aisystems.org.
AISystems has developed a unique, proprietary business platform software system for the airline industry called jetEngine™, which is comprised of systems and mathematical algorithms capable of generating significant profitability improvements through strategic business planning capabilities, resource scheduling, revenue management and integrated operations. More information about AISystems can be found at www.aisystems.org.
Safe Harbor Statement
This press release may contain "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10-K and in the Company's recent report on Form 8-K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.
Stephen C. Johnston
President and Chief Executive Officer
+1 (416) 367-2544