Astronics' Revolutionary Aircraft Power System Selected for Fifth OEM Program
EAST AURORA, N.Y., Oct. 22, 2013 (GLOBE NEWSWIRE) -- Astronics Corporation
(Nasdaq:ATRO) announced that Astronics Advanced Electronic Systems Corp.
(AES), a wholly-owned subsidiary, has been selected to supply its COREPOWER^®
Electrical Power Distribution System (next-gen EPDS) for a fifth OEM aircraft
program. Additionally, Astronics delivered its first, Safety-of-Flight
approved, next-gen EPDS to its launch customer.This integrated aircraft power
management distribution system is now entering the flight test phase of the
certification path for widespread use in business aviation.The launch
customer's new aircraft is in process for its FAA and EASA certification.
Incorporating a host of power management advancements, Astronics' COREPOWER^®
EPDS includes such features as built-in load management and automatically
adjustable circuit protection.Its advanced capabilities through an
all-digital customizable architecture enhance crew and passenger safety;
reduce pilot workload through a simpler, more highly integrated and less
cluttered cockpit environment; provide greater crew control over aircraft
operation and functions; and lessen aircraft complexity and weight via
reductions in system components and wiring.
Two of the programs for the next-gen EPDS have already been announced, while
the remaining three, which includes two rotorcraft, are expected to be
announced by the end of this year. One of the strengths of this second
generation COREPOWER^® EPDS is its flexibility, which enables it to be used on
different sizes and types of aircraft, while it also supports integration with
other onboard systems, such as avionics and starter generators. The next-gen
EPDS is based on Astronics' successful first-generation electrical power
distribution system, which has accrued more than 14 million flight-hours on
approximately 250 business jets.
"Astronics AES has been an innovator in the modernization of business jet and
rotary aircraft power and distribution systems.We believe our program win
with several aircraft manufacturers for the COREPOWER^® EPDS is a testament to
the value of this system," said Peter J. Gundermann, President and CEO of
Known for its innovative technology and personalized customer response,
Astronics has been a leader in developing efficient power management systems
and other integrated aerospace solutions for more than half a century.
ABOUT ASTRONICS CORPORATION
Astronics Corporation (Nasdaq:ATRO) is a leader in advanced, high-performance
lighting, electrical power 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 its 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., Max-Viz, Inc., AeroSat and
PECO, 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 Web site at www.astronics.com.
For more information on Astronics and its products, visit its Web site at
Safe Harbor Statement
This news 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 expressions. Because such statements apply
to future events, they are subject to risks and uncertainties that could cause
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 and defense industries, 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 news release whether to reflect changed assumptions, the occurrence of
unanticipated events or changes in future operating results, financial
conditions or prospects, or otherwise.
John Behrens, Director New Business Development
Phone: (425) 895-4303
Deborah K. Pawlowski, Kei Advisors LLC
Phone: (716) 843-3908
Astronics Corporation logo
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