AeroMechanical Services Ltd. Markets the afirs “Maintenance Situational Awareness” System to the Business Aviation Market

Dépèche transmise le 19 octobre 2009 par Business Wire

CALGARY, Alberta--(BUSINESS WIRE)--AeroMechanical Services Ltd. (“AMA” or the “Company”), a leading provider of real time aircraft data services to airlines, used the National Business Aviation Association (“NBAA”) annual convention in Orlando, Florida this week to market its Maintenance Situational Awareness afirs™ system for the business aviation market.

Under the brand FLYHT™, AMA provides the Automated Flight Information Reporting System (afirsTM), an on-board system which monitors, reports, and records the performance and status of aircraft systems, and also sends critical data such as position and exceedances to the ground in real time via the Iridium satellite network. This data is processed by Flyht’s UpTimeTM ground network, which distills it into instantly usable information for the aircraft operator. Any data that is available electronically onboard the aircraft can be monitored, recorded, and transmitted. In a press release dated September 9, 2009 AMA previously announced that the afirs UpTime system’s capabilities have been expanded to stream live data, such as from a flight data recorder, to the ground in real time.

Jack Olcott, former president of NBAA and member of AMA’s board of directors said, “afirs/Uptime provides real-time data that enable effective interventions in critical areas such as unscheduled maintenance, which reduces aircraft reliability and dispatch availability. Data from afirs/Uptime also is a powerful tool for complying with government mandates, which are increasing in number and costly for the operators if not followed.”

AMA president, Richard Hayden, said, “The success of our recent testing in Europe aboard a large fleet operator’s Hawker business jet showed how our afirs system can help managers of business aircraft increase their maintenance situational awareness while reducing the cost of their operations and ensuring compliance with emerging emissions trading rules. Potential business aviation customers have expressed great interest in the potential for afirs in their operations and we anticipate that it will become a key tool in increasing operational efficiency for our customers.”

Forward-Looking Statements

This press release includes certain forward-looking statements as it relates to the business aviation market are based upon current expectations, which involve risks associated with the environment in which AMA operates. The estimates and assumptions which AMA is required to make may constitute “forward-looking statements” under applicable securities laws. The forward-looking information and statements include plans, expectations, estimates, forecasts and other comments that are not statements of fact. Although such expectations are viewed as reasonable by AMA, no assurance can be given that such expectations will be realized. Such forward-looking statements are subject to risks and uncertainties and may be based on assumption that may cause actual results to differ materially from those implied herein, and therefore are expressly qualified in their entirety by this cautionary statement.

The forward-looking information and statements included in this Press Release are not guarantees of future performance and should not be unduly relied upon. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking information and statements including, without limitation: market prices; foreign exchange rates; general economic, market or business conditions in the aviation industry or any effect those may have on our business or customer base; changes in commodity prices; changes in the demand for or supply of the Company’s products and services; unanticipated operating results; changes in tax laws or other regulatory matters; limited, unfavourable or a lack of access to capital markets; increased costs; and certain other risks detailed from time to time in the Company’s public disclosure documents. The forward-looking information and statements contained in this Press Release speak only as of the date of its release. The Company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.

About AeroMechanical Services Ltd. www.amscanada.com

AeroMechanical Services Ltd. provides under the brand name, FLYHT, proprietary technological solutions and services designed to reduce costs and improve efficiencies in the airline industry. The company has successfully patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, afirs UpTime, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time.

afirs, UpTime, FLYHT and aeroQ are trade marks of AeroMechanical Services Ltd.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Business Wire

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