AeroMechanical Services Ltd. TSX-V Trading Symbol "AMA"
A Tier 2 Industrial Issuer
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, Dec. 14 /CNW/ - AeroMechanical Services Ltd. (AMA on TSX-V) is
pleased to announce it has signed a contract to provide its patented solution
to a European A320 low cost operator. The contract is for an initial order
involving 10 aircraft with an additional 20 once the customer receives
supervisory board approval.
"We are very excited to add a significant European A320 operator with in
excess of 30 aircraft to our growing list of customers" said AeroMechanical
President, Darryl Jacobs.
Mr. Jacobs added: "This contract gives AMS a launch platform to seize on
the sizable opportunities that exist in Europe for our solutions. AMS has
invested significantly in the European market for the last 4 years with
personnel who will now be very busy expanding our sales and support footprint
in Europe and the Middle East."
Due to the competitive nature of the marketplace, the name and location
of this customer will not be disclosed.
This contract gives AMS business relationships with airline companies on
every continent, save South America, Mr. Jacobs noted.
This year alone, AeroMechanical signed contracts with 15 different
operators to install AMS's technology on 500 aircraft. This brings the total
aircraft under contract to 677 from 24 different carriers and we currently
have 90 aircraft that have equipment for the afirs/uptime solution.
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: on AMS contact: Tom French, CFO, AeroMechanical
Services Ltd, (403) 291-7427, email@example.com; Bob Beaty, The Howard
Group Inc., Toll Free: 1-888-221-0915, Info@howardgroupinc.com,