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Alpine Air Express, Inc. (OTCBB: APNX), the third largest regional
cargo airline and transportation logistics company in the US, with a
fleet of 27 airplanes and annual sales of $20M+, announced that the
Company has approved additional investment to bolster its aircraft
safety.
According to Alpine management, the Company's board of directors
has appropriated an initial $300,000 dollars to enhance the safety of
its aircraft. Beginning with Alpine's mainland fleet, then expanding
to its fleet in Hawaii, the Company plans to install a combination of
either Terrain Awareness and Warning Systems (TAWS) or Ground
Proximity Warning Systems. The systems are an important addition to
the Company's fleet and pilot safety programs.
-- Terrain Awareness and Warning Systems are designed to provide
the pilot with information to reduce the possibility of
accidents. Flights flown by Alpine in Montana and the Dakotas
are the first fleet aircraft to be fitted with the new
technologically advanced navigation equipment.
-- The TAWS system takes aircraft information with planned flight
path information and combines these with an internal terrain
database. The result is an unprecedented "look-ahead"
capability, which can provide warnings and alerts well in
advance of potential hazards, allowing time for the pilot to
make the necessary maneuvers or data corrections for terrain
avoidance.
According to a Company spokesperson, a Ground Proximity Warning
System (GPWS) is a system designed to alert pilots if their aircraft
is in immediate danger of flying into the ground. The system monitors
an aircraft's height above ground as determined by a radar altimeter.
A computer then keeps track of these readings, calculates trends, and
will warn the captain with visual and/or audio messages if the
aircraft is in certain defined flying configurations.
Gene Mallette, CEO of Alpine Air, added: "Pilot and aircraft
safety are values that our Company recognize as critical toward
long-term success. Our management believes the installation of
advanced navigation technology into our fleet is important in keeping
with these values."
Founded in 1975, Alpine Air, a wholly owned subsidiary of Alpine
Air Express Inc., provides competitively priced scheduled air cargo
flights throughout the western and southwestern United States. The
Company has an established client base that includes various contract
operations and the U.S. Postal Service. Alpine Air provides superior
"on time" performance and reliability, together with the flexibility
to adapt quickly to the growing frequency and capacity requirements of
its clients.
This press release may contain forward-looking statements
including the Company's beliefs about its business prospects and
future results of operations. These statements involve risks and
uncertainties. Among the important additional factors that could cause
actual results to differ materially from those forward-looking
statements are risks associated with the overall economic environment,
realization of U.S.P.S. projected volumes, changes in anticipated
earnings of the company and other factors detailed in the company's
filings with the SEC. In addition, the factors underlying Company
forecasts are dynamic and subject to change and therefore those
forecasts speak only as of the date they are given. The Company does
not undertake to update them; however, it may choose from time to time
to update them and if it should do so, it will disseminate the updates
to the investing public.
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