Astronics Selected as Supplier for A380 Emergency Cabin Lighting System.Business Editors EAST AURORA Aurora, cities, United States Aurora (ərôr`ə, ô–). 1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903. , N.Y.--(BUSINESS WIRE)--Oct. 23, 2003 Astronics Corporation (Nasdaq:ATRO ATRO Actual Time of Return to Operation ), a leader in advanced, high-performance lighting and electronics systems for the global aerospace industry, announced today that it has been selected to provide the cabin emergency lighting system for the Airbus A380 passenger aircraft, which will be the world's largest passenger jet when it debuts in 2006. The emergency escape lighting system contract is with KID-Systeme GmbH (KIDS), a subsidiary of Airbus based in Buxtehude, Germany. The value of the award will depend heavily on the A380's success in the aircraft market. Airbus has received 129 orders and commitments for the new aircraft. Deliveries to KIDS will begin in 2004. The contract calls for Astronics to develop a new and unique emergency lighting system for the A380, which will meet tight design requirements for weight, reliability, power consumption and lighting performance. The system is based on light emitting diode See LED. (LED) technology, which offers significant improvements over traditional lighting technologies. The system will include ceiling emergency lights, seat-mounted aisle flood lights, emergency door markers, and certain galley galley, long, narrow vessel widely used in ancient and medieval times, propelled principally by oars but also fitted with sails. The earliest type was sometimes 150 ft (46 m) long with 50 oars. and common area lights. Peter Gundermann, 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. , commented "The A380 is the Airbus flagship for the 21st century, and we are very proud to take part in the development program. This is a critical win for Astronics because it reinforces our success in providing innovative lighting system design for our customers and confirms our strong position in cabin emergency lighting systems. Although many know us as a cockpit lighting supplier, we have successfully implemented our strategy to increase the content and value we provide for aircraft exteriors and cabins as well. And, as this win confirms, we are gaining more content on commercial transport aircraft, as well as military aircraft platforms." He went on to say, "Our success is driven by our flexibility in responding to customer needs and our creative use of technology, which helps customers build better, cost effective aircraft. Customers like KID Systeme are recognizing our expertise, and are offering us ever larger roles in the development of new aircraft. Over time, this will result in attractive opportunities for Astronics." ABOUT ASTRONICS CORPORATION Astronics Corporation is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. A major lighting and electronics supplier to the aircraft industry, its strategy is to move from a components and subsystems supplier to an aircraft lighting systems integrator, increasing the value and content it provides to various aircraft platforms. Luminescent lu·mi·nes·cent adj. Capable of, suitable for, or exhibiting luminescence. [Latin l  men, l Systems Inc. is Astronics' primary operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. which produces its aerospace and defense products. KID-Systeme GmbH specializes in the Development and Production of Innovative Electronic Cabin Management Systems and has been selected by Airbus as 1st Tier System Supplier for the entire A380 Interior Lighting System. Based in Buxtehude, Germany, KID Systeme is a subsidiary of Airbus. It is the Inventor INVENTOR. One who invents or finds out something. 2. The patent laws of the United States authorize a patent to be issued to the original inventor; if the invention is suggested by another, he is not the inventor within the meaning of those laws; but in that of the unique Airbus Cabin Intercommunication in·ter·com·mu·ni·cate intr.v. in·ter·com·mu·ni·cat·ed, in·ter·com·mu·ni·cat·ing, in·ter·com·mu·ni·cates 1. To communicate with each other. 2. To be connected or adjoined, as rooms or passages. Data System, CIDS CIDS Cardiology A trial–Canadian Implantable Defibrillatory Study–that compared a device–implantable defibrillator therapy vs the best medical therapy in survivors of acute MI , and serves aviation-industry customers in more than 140 Countries. For more information on Astronics and its products, visit its website at www.Astronics.com. For more information on KID-Systeme and its products, visit its website at www.KID-Systeme.com. For more information on Airbus and its products, visit its website at www.Airbus.com. 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 press 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. as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words "expect," "anticipate," "plan," "may," "will," "estimate" or other similar expression. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially than those contemplated by the statements. Important factors that could cause actual results to differ materially include the success of the A380 aircraft, Company's ability to execute its strategy, the impact of the economy, the extent to which the Company's products are used in new aircraft platforms, and the state of the aerospace industry, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this press release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise. |
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