Astronics Corporation's Induction Starter Generator System Chosen for Pilatus
New PC-24 Super Versatile Jet
EAST AURORA, N.Y., June 17, 2013 (GLOBE NEWSWIRE) -- Astronics Corporation
(Nasdaq:ATRO), a leading provider of advanced technologies for the global
aerospace and defense industries, announced today that its wholly-owned
subsidiary, Astronics Advanced Electronic Systems Corp. (Astronics AES), will
supply Pilatus Aircraft Ltd with the Induction Starter Generator System (ISGS)
for their new PC-24 twin-jet.
The innovative technology built into the Induction Starter Generator System
from Astronics appealed to Pilatus during the design phase of their new
aircraft. A key feature of this system is the brushless starter generator
unit, which eliminates brush maintenance, one of the highest maintenance and
reliability items on business jets today.Deliveries will begin in 2016.
"The power generation and distribution system by Astronics provides unmatched
capability, reliability and safety, as well as a reduction in weight.We
believe that our ISGS, together with other new concepts and features, will
provide future PC-24 owners the performance and versatility they desire,"
noted Peter J. Gundermann, President and CEO of Astronics Corporation.
The inherent nature of the Astronics ISGS improves power system reliability
and significantly reduces maintenance and overhaul costs associated with
conventional starter-generator systems utilizing brushes.In the engine's
proprietary 'Quiet Power Mode,' the Astronics ISGS provides sufficient
electrical power without the cost of oversizing the generator system or adding
the additional weight and cost of an Auxiliary Power Unit.
Founded in 1939, Pilatus Aircraft Ltd is the only Swiss company to develop,
produce and sell aircraft to customers around the world: from the legendary
Pilatus Porter PC-6 to the best-selling PC-12, a single engine turboprop, and
the PC-21, the training system of the future. Pilatus is currently developing
the PC-24, the world's first ever business jet for use on short unmade
runways. Domiciled in Stans, the company is certified to ISO 14001 in
recognition of its efforts for the environment. The Pilatus Group includes
three independent subsidiaries in Altenrhein (Switzerland), Broomfield
(Colorado, USA) and Adelaide (Australia). With more than 1500 employees at its
headquarters, Pilatus is one of the largest employers in Central Switzerland.
Pilatus provides training for over 100 apprentices in ten different
professions – job training for young people has always been a very high
priority at Pilatus. www.pilatus-aircraft.com
ABOUT ASTRONICS CORPORATION
Astronics Corporation is a leader in advanced, high-performance lighting,
electrical power, specialized avionics products and automated test systems for
the global aerospace and defense industries. Astronics' strategy is to
develop and maintain positions of technical leadership in its chosen aerospace
and defense markets, to leverage those positions to grow the amount of content
and volume of product it sells to those markets and to selectively acquire
businesses with similar technical capabilities that could benefit from our
leadership position and strategic direction. Astronics Corporation, and its
wholly-owned subsidiaries, Astronics Advanced Electronic Systems Corp.,
Ballard Technology, Inc., DME Corporation, Luminescent Systems Inc. and
Max-Viz, Inc., have a reputation for high-quality designs, exceptional
responsiveness, strong brand recognition and best-in-class manufacturing
practices. The Company routinely posts news and other important information on
its website at www.astronics.com.
For more information on Astronics and its products, visit its website at
Safe Harbor Statement
This press release contains forward-looking statements 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 state of the aerospace industry, the market acceptance
of newly developed products, internal production capabilities, the timing of
orders received, the status of customer certification processes, the demand
for and market acceptance of new or existing aircraft which contain the
Company's products, customer preferences, 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.
David C. Burney, Chief Financial Officer
Phone: (716) 805-1599, ext. 159
John Behrens, Director, New Business Development
Phone: (425) 895-4303
Deborah K. Pawlowski, Kei Advisors LLC
Phone: (716) 843-3908
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