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Aerosonic Expands its International Reach Receiving Order for Air Data Systems from Korean Aerospace Company.


CLEARWATER, Fla. -- Aerosonic Corporation (AMEX AMEX

See: American Stock Exchange
:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, today announced that Avionics Specialties, Inc., Aerosonic's wholly-owned subsidiary, has received a $7.5 million order from Korea Aerospace Industries Korea Aerospace Industries Ltd. (commonly referred to as KAI, Korean: 한국항공우주산업, Hanja: 韓國航空宇宙産業) is a South Korean national aerospace company established in 1999  Limited ("KAI") to supply air data systems that include its integrated multifunction probe ("IMFP IMFP Inelastic Mean Free Path (of electrons)
IMFP Integrated Multi-Function Probe
") and related equipment for the production of KAI's T50 aircraft. Shipments to KAI are expected to occur over a three-year period beginning in September 2007.

The IMFP provides angle of attack, air data sensing and pressure sensing for military aircraft in one probe, reducing the flight management system complexity on military aircraft, and is currently installed on the KAI T50 military trainer as well as the F16 Block 60 jet fighter Jet fighter may refer to:
  • Jet Fighter (arcade game), a 1975 arcade game by Atari
  • Jet fighter, a class of fighter aircraft
See also
  • Jet (disambiguation)
 and the M346 military trainer.

"We are pleased to have secured this order from KAI for delivery of our air data systems for their T50 program," commented David Baldini, Chairman, President and Chief Executive Officer. "This order provides us with further market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market
penetration - the act of entering into or through something; "the penetration of upper management by women"
 for one of our technologically advanced products in a growing segment of the military market, and further strengthens our relationship with a valued customer."

Aerosonic Corporation, headquartered in Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. , is principally engaged in the manufacture of aviation products. Locations of the Company include Clearwater, Florida and Earlysville, Virginia. For additional information, visit the Company's website at 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 a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
 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, profits from future operations, overall future business prospects and long term stockholder value, 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, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors 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 involving 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 19, 2006
Words:439
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