Astro-Med Wins Contract from Honeywell to Supply Flight Deck Printers for the Boeing 787 Dreamliner.WEST WARWICK West Warwick (wôr`wĭk, –`ĭk), town (1990 pop. 29,268), Kent co., central R.I., on the Pawtuxet River; set off from Warwick and inc. 1913. Textile manufacturing remains a leading industry. West Warwick includes the village of River Point. , R.I. -- Astro-Med, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ), a leading designer and manufacturer of advanced data recording systems and printers for aerospace, industrial, and medical applications announced today that it has signed a contract to furnish Flight Deck (cockpit) printers for the new Boeing 787 aircraft. Astro-Med signed the contract with Honeywell Aerospace, Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. to furnish a version of its ToughWriter 4 printer for this application. The agreement is for the next ten years and is renewable for an additional ten years to cover the expected life of the aircraft. It is estimated that approximately 2600 aircraft will be produced, and each will be equipped with one cockpit printer. The ToughWriter 4 is designed to print hard copies of data received by the pilot including air traffic controller instructions, weather information, and detailed airport maps. Commenting on the award, Everett V. Pizzuti, President and COO of Astro-Med stated: "This is the third major contract that Astro-Med has received for airborne printers for commercial aircraft. In January of 2004 we announced a contract award from Sagem S.A. for ToughWriter 4 cockpit printers for the Airbus A380 and in April of this year we announced a contract award for ToughWriter 4 cabin printers from Panasonic Avionics Corporation Panasonic Avionics Corporation (previously incorporated as Matsushita Avionics Systems), is a part of Matsushita Electric Industrial and is headquartered in Lake Forest, California with major business functions also shared with the former headquarters located in Bothell, WA. for the Airbus A380. These contracts clearly establish Astro-Med as the leader in the market for airborne printers and position us as the frontrunner to provide printers for additional new models as well as the refurbishing of the large base of existing aircraft." Honeywell International (NYSE NYSE See: New York Stock Exchange :HON) is a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Honeywell Aerospace is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. Astro-Med, Inc. is a leading manufacturer of high-tech specialty printing systems, medical instrumentation, and test and measurement products employed around the world in a wide range of aerospace, industrial, scientific, and medical applications. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains 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. , and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2005 annual report and its annual and quarterly filings with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion