Astronics Awarded EmPOWER® In-Seat Passenger Power Contracts by Several Major North American Airlines
October 16 2017 - 4:30PM
Business Wire
Installations expected on 700 to 1,400
narrow-body and regional jet aircraft
Astronics Corporation (NASDAQ: ATRO), a leading provider of
advanced technologies for the global aerospace, defense, and
semiconductor industries, announced today that its wholly owned
subsidiary, Astronics Advanced Electronic Systems (AES), was
recently selected by six major North American airlines to install
industry-leading EmPOWER® in-seat power systems on up to 1,400
narrow-body and regional jet aircraft.
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Astronics AES’ industry leading EmPOWER
in-seat power system was selected for up to 1,400 narrow-body and
regional jet aircraft. (Photo: Business Wire)
Astronics AES will equip the airplanes with 110VAC and high
output USB power for every passenger from “nose to tail,” including
the cabin crew stations. Line-fit and retrofit installations will
occur from early 2018 through 2023.
Peter J. Gundermann, President of Astronics Corporation, noted,
“Being selected for these significant fleet upgrades further
solidifies our leading global market position for passenger power
on commercial aircraft and is a strong indication of the increasing
trend for airlines to provide power for their passengers on
narrow-body and regional aircraft. Carriers worldwide are
responding to passenger requests for power at the seat so they can
use their personal electronic devices to fully enjoy the streamed
in-flight entertainment and upgraded connectivity systems provided
by the airlines, while remaining fully charged when they land.”
Statistics show that 97% of passengers travel with personal
electronic devices, and a large percentage carry more than one. For
over 20 years, Astronics AES has supplied intelligent power
management systems for airline passengers’ benefits. The EmPOWER
system is currently in service with over 230 airline and OEM
customers with over one million power outlets installed.
Learn more about EmPOWER in-seat power solutions at
Astronics.com.
ABOUT ASTRONICS CORPORATION
Astronics Corporation (NASDAQ: ATRO) is a leading supplier of
advanced technologies and products to the global aerospace,
defense, and semiconductor industries. Astronics’ products and
services include advanced, high-performance electrical power
generation and distribution systems, seat motion solutions,
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.
For more information on Astronics and its products, visit
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 progress of customer fleet upgrade
programs, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171016006168/en/
Astronics CorporationDavid Burney, CFO716-805-1599 x
159david.burney@astronics.comorInvestorsKEI Advisors
LLCDeborah K. Pawlowski716-843-3908dpawlowski@keiadvisors.com
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