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AeroMechanical Services Ltd. TSX-V Trading Symbol "AMA"
A Tier 2 Industrial Issuer
CALGARY, Dec. 17 /CNW/ - AeroMechanical Services Ltd. (AMA on TSX-V) is
pleased to announce it has signed a contract to provide its patented solution
with an eastern hemisphere airline that has a growing fleet of Airbus A320
aircraft, in addition to the contract announced December 14th with a
significant European carrier. The initial contract with this second airline is
for four aircraft with further additions as the fleet size increases.
"We are very excited to add this carrier to our growing list of over 25
customers," AeroMechanical CEO Bill Tempany said.
Due to the competitive nature of the marketplace, AMA will not disclose
the airline's name and specific location.
The addition of this airline with brings the number of aircraft under
contract this year to 504. Those aircraft are owned by 16 different airlines.
These four additions increase the total aircraft under contract to 681 from 25
different carriers. There are currently 90 aircraft that are equipped with the
afirs(TM) UpTime(TM) solution.
"Our customers are seeing a substantial rate of return on investment in
the use of our technological solutions," Mr. Tempany added. Our clients are
giving us strong references about how well our solutions work and the
operational savings they realize. All of that makes it much easier for future
customers to take advantage of our proven track record," Mr. Tempany
About AeroMechanical Services Ltd.
AeroMechanical Services Ltd. provides proprietary technological solutions
and services designed to reduce costs and improve efficiencies in the airline
industry. The company has successfully commercialized three products and
associated services currently marketed to airlines, manufacturers and
maintenance organizations around the world. Its premier technology afirs(TM)
UpTime(TM) allows airlines to monitor and manage aircraft operations anywhere,
anytime, in real-time.
afirs, UpTime, FLYHT and aeroQ are Trade Marks of AeroMechanical Services
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: AMS contact: Tom French, CFO, AeroMechanical
Services Ltd, (403) 291-7427, firstname.lastname@example.org; Bob Beaty, The Howard
Group Inc., Toll Free: 1-888-221-0915, Info@howardgroupinc.com;