Astronics Selected as Supplier of EMPOWER(R) In-Seat Power Systems; Potential for over $7 Million in Revenue; Exclusive 150 Watt Passenger in-Seat Power System.EAST AURORA, N.Y. -- Astronics Corporation (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 : ATRO ATRO Actual Time of Return to Operation ), a leader in advanced, high-performance lighting and electrical distribution systems for the global aerospace industry, today announced its subsidiary, Astronics Advanced Electronic Systems (AES), was selected by three international airlines to provide its EMPOWER(R) In-Seat Power Supply (ISPS ISPS - Instruction Set Processor Specifications. Operational hardware specification language. Successor to ISPL. ["Instruction Set Processor Specifications", M.R. Barbacci et al, IEEE Trans Computers, C-30(1):24-80 (Jan 1981)]. ). The anticipated revenue impact is over $7 million for the three contracts. China Eastern Airlines China Eastern Airlines Corporation Limited (Simplified Chinese: 中国东方航空股份有限公司) (SSE: B>600115 Corp. Limited, of Shanghai, has signed an agreement to install the EMPOWER(R) ISPS in business and economy classes on 15 Airbus A330-300's and five Airbus A330-200's beginning in 2005 through 2007. Beginning in the first quarter of 2006 and continuing through 2007, Air China Limited of Beijing will install the EMPOWER(R) ISPS systems in 20 Airbus A330-200's in three configurations for both business and economy classes. Astronics AES was also selected as the supplier of its power distribution systems for up to 13 Virgin Atlantic Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. Airbus A340-600's in the premium economy and upper class cabins. Delivery is expected to begin in the third quarter of 2005 and continue through the first quarter of 2008. Peter J. 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. of Astronics commented, "Airlines are continuing to strengthen on a worldwide basis, especially in Asia and Europe. As these three agreements with international airlines demonstrate, we continue to find good sales opportunities and strong market conditions around the world." The EMPOWER(R) ISPS is an in-seat power system that meets the increasing demands of passenger laptop computers and is the only system that provides 150 watts of 110V AC, 60 Hz power. The FAA recently approved the use of 150 watts for in-seat power systems. With the highest power output available on the market, the EMPOWER(R) ISPS combines high-efficiency and reliability in a lightweight package. Innovative features on the newly designed EMPOWER(R) ISPS include up to 3 outlets per box, compatibility with plugs from over 140 countries and backlit An LCD screen that has its own light source from the back of the screen, making the background brighter and characters appear sharper. receptacle for use in darkened dark·en v. dark·ened, dark·en·ing, dark·ens v.tr. 1. a. To make dark or darker. b. To give a darker hue to. 2. To fill with sadness; make gloomy. 3. cabins. The EMPOWER(R) ISPS was designed and tested to meet Airbus, Boeing and industry specifications currently in use and those adopted by Airbus for the A380 and Boeing for the 787. ABOUT ASTRONICS CORPORATION Astronics Corporation is a leader in advanced, high-performance lighting and electrical distribution systems for the global aerospace industry. Its strategy is to expand the value and content it provides to various aircraft platforms through product development and acquisition. Astronics Corporation, and its wholly-owned subsidiaries Astronics Advanced Electronic Systems Corp. and Luminescent lu·mi·nes·cent adj. Capable of, suitable for, or exhibiting luminescence. [Latin l  men, l Systems Inc., have a reputation for high quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. For more information on Astronics and its products, visit its website at www.Astronics.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 from those contemplated by the statements. Important factors that could cause actual results to differ materially include the Company will continue to be selected to supply its customers, that the number of aircraft used to estimate the value of the program will be manufactured, that its strategy will continue to be effective, 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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