AISystems (OTCBB: ASYI) Announces Major Airline is Beta Testing jetEngine(TM) Business Planning Suite
June 21 2011 - 9:45AM
Marketwired
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.
About AISystems
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.
Contacts: AISystems, Inc. Stephen C. Johnston President and
Chief Executive Officer +1 (416) 367-2544 steve@aisystems.org
www.aisystems.org