Adam Aircraft Selects Aerosonic Standby Instruments for A500 and A700.CLEARWATER, Fla. -- Adam Aircraft has awarded Aerosonic Corporation (AMEX AMEX See: American Stock Exchange :AIM) a contract to build standby instruments for their twin piston A500 and jet powered A700 aircraft. The A500 has received FAA certification and will begin deliveries in 2005. The A700 is currently undergoing flight tests with deliveries scheduled to begin in 2006. Aerosonic will provide altimeters and airspeed indicators An instrument which displays the indicated airspeed of the aircraft derived from inputs of pitot and static pressures. for both models. Production will be conducted in the Clearwater facility, and deliveries will begin this quarter. Adam Aircraft is recognized as a leading innovator in its field, utilizing advanced raw materials, manufacturing techniques and design technologies. With over 430 employees and a $200 million backlog for these two new models, Adam is one of the fastest growing aerospace ventures in the country. Aerosonic Corporation is a leader in the field of aircraft instrumentation Aircraft instrumentation A coordinated group of instruments that provide the flight crew with information about the aircraft and its subsystems. These instruments provide flight data, navigation, power plant performance, and aircraft auxiliary equipment . In addition to an extensive line of quality mechanical instruments, Aerosonic offers digital, microprocessor based A computer that uses a microprocessor chip as its CPU. Essentially, all computers today are microprocessor based. instruments as well as multifunction probes and sensors. "Both of these aircraft are well positioned to play a significant role in their respective segments of the aviation market," commented Mark Perkins Mark L. Perkins was the eleventh president of Towson University Perkins earned a doctorate in psychometrics and statistics from the University of Georgia in 1976. He received his master's in psychometrics and research design from the same institution in 1974. Dr. , Aerosonic's Executive Vice President. We are very pleased to have been selected by Adam Aircraft and look forward to being a part of the excitement and success that these aircraft have already generated." For more information, please visit our corporate website at http://www.aerosonic.com. This document contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. "Forward-looking" statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company's operations, the amount of any anticipated restatements, profits from future operations, income tax deductions Tax deduction An expense that a taxpayer is allowed to deduct from taxable income. tax deduction See deduction. and reactions by the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. , and the Company's overall future business prospects, as well as the assumptions upon which such statements are based. Investors are cautioned that any such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are not guarantees of future performance or future tax treatment, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments with respect to the resolution of management issues, operations of the Company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time. |
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