DeCrane Subsidiary Avtech Corp. Acquires SELCAL Line From Motorola.Business Editors SEATTLE--(BUSINESS WIRE)--Dec. 1, 2000 Avtech Corp. Friday announced its acquisition of the SELCAL SELCAL Selective Calling System product line from Motorola's Schaumburg, Ill. facility. The transaction was officially completed Thursday Nov. 30, 2000. The acquisition of the Motorola SELCAL line along with the earlier acquisition this year of Coltech, a leading player in the industry, firmly consolidates the SELCAL market with Avtech. "This acquisition will greatly strengthen our product offering to the commercial air market and will benefit OEMs and airline procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. activity by consolidating their SELCAL vendors into one central and highly specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. body," said Jeff Smith, president of Avtech. To assure a seamless transition, Motorola will continue to manufacture and supply the SELCAL product line to Avtech through March 2001, when all operations and production will transfer over to Avtech's Seattle facilities. Avtech will however, immediately take over all product support and service functions for the line. The SELCAL decoders relieve flight crews from having to continuously monitor the radio while ensuring the rapid and reliable access necessary to meet operational communications regulations. Air travel requirements mandate airlines to maintain two-way radio A voice network that provides an always-on connection enabling the user to just "push the button and talk." Also called "dispatch radio," two-way radio has traditionally been used by police, fire, taxi and other mobile fleets. contact with their aircraft, but the abundance of voice communication over the designated frequency can be so great that it presents operational problems. To alleviate Alleviate To make something easier to be endured. Mentioned in: Kinesiology, Applied this voice traffic, SELCAL assigns a unique code to each aircraft. When flight crews receive this code, they are alerted that someone wants to communicate with them on the associated VHF (Very High Frequency) The range of electromagnetic frequencies from 30 MHz to 300 MHz. or HF radio frequency. Avtech, a DeCrane Aircraft Holdings company, has provided airborne electronics to the world's airframe manufacturers and airlines for more than 30 years. Primary products include audio control systems, PA and cabin interphones, cabin and flightdeck lighting systems, and power conversion devices. DeCrane Aircraft Holdings Inc. is a subsidiary of DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
Note: Except for historical information contained herein, this document 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. within the meaning of 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. These statements involve known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by regulatory and other factors beyond the company's control. Important factors that the company believes might cause such differences are discussed in the cautionary statements accompanying the forward-looking statements in the company's reports filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, readers are urged to read carefully all cautionary statements contained in those filings with the Securities and Exchange Commission. |
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