Aerosonic Teams with Mid-Continent Instruments to Produce New Standby Package.CLEARWATER, Fla. -- Aerosonic Corporation (AMEX AMEX See: American Stock Exchange :AIM), a leading supplier of precision flight products for commercial, business and military aircraft, and Mid-Continent Instruments, a leader in General Aviation instrumentation and worldwide distribution and support, announced today that the companies have agreed to jointly produce and market a complete standby instrument suite for the General Aviation market. Mid-Continent Instruments, headquartered in Wichita, Kansas
Wichita, also known as the Air Capital of the World, is the largest city in the U.S. state of Kansas, as well as a major aircraft manufacturing hub and cultural center. will provide their new 2" Artificial Horizon Indicator, while Aerosonic will provide their popular 2" mechanical 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, and Airspeed indicators An instrument which displays the indicated airspeed of the aircraft derived from inputs of pitot and static pressures. . The agreement also allows for combined marketing of an upgraded package which replaces the mechanical Altimeter and Airspeed airspeed Noun the speed of an aircraft relative to the air in which it moves Noun 1. airspeed - the speed of an aircraft relative to the air in which it is flying speed, velocity - distance travelled per unit time with Aerosonic's new digital instruments. "This package is aimed at the General Aviation market, which includes light jets, turboprops and twin or single engine piston aircraft. Manufacturers in this segment of our industry need a simple and affordable solution for their standby instrument requirements," stated Todd Winter, Mid-Continent's President. General Aviation Manufacturers Association (GAMA Ga·ma , Vasco da 1460?-1524. Portuguese explorer and colonial administrator. The first European to sail to India (1497-1498), he opened the rich lands of the East to Portuguese trade and colonization. ) recently released first quarter 2005 numbers stating that, for General Aviation, the number of new aircraft built increased to 627 aircraft, up 15.7 percent over the first quarter 2004, while industry billings for new airplanes rose to $2.7 billion. "This agreement combines the strength of two companies, who together create increased value and safety for our customers. Orders have already been received from two manufacturers with many others showing strong interest. This unique `niche' product offering provides a new and exciting growth opportunity for both Aerosonic and Mid-Continent," said 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. Mid-Continent Instruments manufactures aircraft instruments for the general aviation industry. Services at the Wichita, Kansas facility include developing and manufacturing new avionics products. Mid-Continent Instruments West in Van Nuys, California provides new instrument sales and is the top-rated instrument overhaul shop on the west coast. For additional information, visit the company website at http://www.mcico.com. 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 the Clearwater, Florida Instrument Division (Clearwater Instruments), the Aerosonic Wichita, Kansas Division (Kansas Instruments), and Avionics Specialties, Inc., a Virginia corporation wholly owned by the Company. For additional information, visit the company 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, 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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