WEST WARWICK, R.I.--(BUSINESS WIRE)--April 25, 2005
Astro-Med, Inc., (NASDAQ:ALOT), a leading designer and
manufacturer of advanced data recording systems and printers for
aerospace, industrial and medical applications, announced today that
it has signed an agreement with Panasonic Avionics Corporation to
furnish cabin printers for the new Airbus A380 aircraft.
Astro-Med will furnish a version of its ToughWriter 4 printer for
use with the Panasonic eX2 In-Flight Entertainment system (IFE). The
cabin printer is designed to print hard copies of communications from
the ground, airport maps, itineraries, gate information,
trouble-shooting data, and possibly data from passengers as well. Up
to two to three printers will be needed per aircraft. The ToughWriter
4 uses standard A4 or B4 size paper and utilizes PostScript 3(R)
Commenting on the award, Everett V. Pizzuti, President and COO of
Astro-Med stated: "this agreement complements the contract we
announced in February of 2004 with Sagem to furnish cockpit printers
for the Airbus A380. We are delighted that Astro-Med printers will be
used throughout the A380, in the cockpit as well as the cabin. We are
now well positioned to team with Panasonic for cabin printers for
other new aircraft." The agreement is for five years with automatic 12
month additional terms.
It is anticipated that initial production deliveries will begin in
the third quarter of 2005.
Panasonic Avionics Corporation is the world's leading supplier of
in-flight entertainment and communication systems. Headquartered in
Bothell, Washington, Panasonic Avionics Corporation maintains
corporate and engineering offices in Lake Forest, California; regional
centers in Dallas, Singapore, London, Tokyo and Dubai; and field
service, maintenance and sales facilities throughout the world. System
production facilities are in Osaka, Japan. Panasonic Avionics
Corporation is a subsidiary of Panasonic Corporation of North America
(PNA). Based in Secaucus, NJ, PNA is the principal North American
subsidiary of Matsushita Electric Industrial Co., Ltd. (NYSE: MC) and
the hub of Panasonic's US marketing, sales and service and R&D
operations. Additional information on Panasonic Avionics Corporation
is available at www.panasonic.aero. Additional information on
Matsushita and Panasonic is available at www.panasonic.com.
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 industrial,
scientific, and medical applications.
Safe Harbor Statement
This news release contains forward-looking statements, 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.
Everett V. Pizzuti, 401-828-4000
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