Aerosonic Receives Federal Aviation Administration Approval on New Digital Altimeter; New Technology Provides Platform for Growth and Additional Products.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 the company has received Technical Standard Order (TSO (Time Sharing Option) Software that provides interactive communications for IBM's MVS operating system. It allows a user or programmer to launch an application from a terminal and interactively work with it. The TSO counterpart in VM is called CMS. ) approval from the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control (FAA) for their new digital altimeter altimeter (ăltĭm`ĭtər, ăl`tĭmē'tər), device for measuring altitude. The most common type is an aneroid barometer calibrated to show the drop in atmospheric pressure in terms of linear elevation as an airplane, . This altimeter was selected by Cessna Aircraft Company as standard equipment on their new Citation Mustang mustang [Sp. mesteño=a stray], small feral horse of the W United States. Mustangs are descended from escaped Native American horses, which in turn were descended from horses of North African blood, brought to the New World by the Spanish c.1500. Jet. The technology designed into this instrument provides customers with improved accuracy and reliability, utilizing digital technology instead of traditional mechanical devices. This instrument requires significantly reduced production lead time, resulting in even greater customer satisfaction. With the sales potential covering all aspects of aviation, this digital altimeter represents a strong addition to the existing line, while opening a new path for additional advanced, digitally based products. The TSO process is the FAA's method for approving materials, parts, processes and appliances used on civil aircraft. The Aerospace Research Center reports that the civil aircraft market, which includes all aircraft except those used by the military, accounts for 21.5%, or $34.6 billion, of total aerospace sales. The TSO approval now makes this product available immediately to all aspects of this marketplace. The instrument passed a series of intensive tests in the process of obtaining the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. approval, which stands as a true testament to the company's commitment to product excellence. "This is a bold new time and market for Aerosonic products," stated 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. , Executive Vice President. We have worked hard through this process and are very excited about the opportunities this digital altimeter brings to our industry and to the future of our company. The knowledge gained in developing this sensor-based technology provides the platform for growth through the addition of more sophisticated products applicable to a greater range of aircraft." Aerosonic Corporation has manufactured aircraft instruments for military and commercial aircraft for over 50 years. For additional information, visit the corporate web site 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, 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 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 current stockholder litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , 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. |
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