AeroVironment Divests Certain Assets of AeroVironment Environmental Services Inc. to ATC Group Services Inc.LOS ANGELES--(BUSINESS WIRE)--Aug. 5, 1998--AeroVironment Inc. announced that it has sold certain assets and certain liabilities of its subsidiary, AeroVironment Environmental Services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, Inc. (AVES) to ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered Group Services Inc. AVES, located in Monrovia, Calif., is one of the leading regional providers of consulting engineering and technical services relating to air quality and pollution concerns. AeroVironment is a Los Angeles-area-based company that is a leader in providing products and services in three areas: electric vehicles and support infrastructure; distributed and renewable energy systems; and unmanned aircraft for governmental and commercial purposes. Tim Conver, AeroVironment president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , remarked: "As we have sharpened our focus on providing products, AVES became more peripheral to our business strategy. ATC Group Services Inc. is a good business match for AVES and a good home for its extremely talented people." ATC is a national company providing specialized, technical and project management services to Fortune 500 corporations and governmental agencies. It provides environmental consulting and engineering services to its clients through 70 branch offices in 40 states, and information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. services to clients through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , ATC Insys Technology Inc.
CONTACT: AeroVironment, Monrovia
David Nufer, 626/357-9983
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