Printers to be Manufactured at AstroNova’s Rhode Island Plant
WEST WARWICK, R.I.--(BUSINESS WIRE)--
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization
technologies, today announced that it has been selected by China
Electronics Technology Avionics Co., Ltd. (CETCA) to provide the
ToughWriter 5® flight deck printer to provide the printing
function for the CETCA supplied Information System for the new COMAC
C919 aircraft, manufactured by the Commercial Aircraft Corporation of
China, Ltd. (COMAC).
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Greg Woods (standing, second from right), president and CEO of AstroNova, and Chen Guohai, general manager of China Electronics Technology Avionics (CETCA), shake hands during an April signing ceremony at CETCA's headquarters in Chengdu, China. The ceremony commemorated an exclusive contract under which AstroNova will provide its ToughWriter 5® flight deck printer for the CETCA supplied Information System on the new COMAC C919 passenger jet, manufactured by the Commercial Aircraft Corporation of China. AstroNova announced the agreement with CETCA on May 15, 2017. (Photo: Business Wire)
Executives from AstroNova and CETCA commemorated the alliance with a
signing ceremony last month at CETCA’s headquarters in Chengdu.
“This strategic alliance with CETCA underscores the global leadership
position of our aerospace printer technology,” said AstroNova President
and CEO Greg Woods. “We are honored to partner with CETCA and COMAC and
excited about the growth potential of their new aircraft. It is through
these kinds of relationships that we are building a strong presence in
the Asia-Pacific region. We see this agreement as an important catalyst
in our strategy to further expand our Aerospace business in China and
other markets around the world.”
At 8.25 pounds and 7.3 inches deep, the ToughWriter 5® is the
industry’s smallest and lightest wide-format flight deck printer,
combining efficiency and ruggedized design with high print quality.
AstroNova Aerospace printers are relied on by commercial and business
aerospace customers to print flight plans, navigation information, ACARS
messages and performance data.
“This month’s successful maiden flight of the C919 is a harbinger of
growth for China’s civil aviation industry,” said Mr. Chen Guohai,
General Manager of CETCA. “We value our alliance with AstroNova, whose
technology provides information that is critical for pilots to perform
their jobs effectively. With China poised to become the world’s largest
aviation market by 2024, the demand for new aircraft will continue to
increase. We look forward to a long and successful relationship with
suppliers like AstroNova as we meet that demand.”
The largest commercial airliner to be designed and built in China, the
C919 is a narrow-body, twin-engine plane that seats up to 168
passengers. It will be the second commercial aircraft manufactured in
China that is equipped with an AstroNova printer. The Company also makes
a printer for a commercial regional jet under an OEM agreement.
About AstroNova
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization
technologies, designs, manufactures, distributes and services a broad
range of products that acquire, store, analyze and present data in
multiple formats. The Product Identification segment offers a variety of
hardware and software products and associated supplies that allow
customers to mark, track and enhance the appearance of their products.
The segment’s two business units are QuickLabel®, the industry leader in
tabletop digital color label printing and TrojanLabel™, a leader in the
light-production color label press and specialty printer markets. The
Test and Measurement segment includes the Test & Measurement business
unit, which offers a suite of products and services that acquire, record
and analyze electronic signal data from local and networked sensors. The
segment also includes the Aerospace business unit, which makes printers,
networking hardware and related accessories. These products are used in
the aircraft flight deck to print flight plans, navigation information
and performance data and in the aircraft cabin to print maintenance
data, receipts and passenger manifests. AstroNova is a member of the
Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO).
Additional information is available by visiting www.astronovainc.com.
Forward-Looking Statements
Information included in this news release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are not statements of
historical fact, but rather reflect our current expectations concerning
future events and results. These statements may include the use of the
words “believes,” “expects,” “intends,” “plans,” “anticipates,”
“likely,” “continues,” “may,” “will,” and similar expressions to
identify forward-looking statements. Such forward-looking statements,
including those concerning growth through acquisitions, involve risks,
uncertainties and other factors, some of which are beyond our control,
which may cause our actual results, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. These risks, uncertainties, and factors
include, but are not limited to, those factors set forth in the
Company’s Annual Report on Form 10-K for the fiscal year ended January
31, 2017 and subsequent filings AstroNova makes with the Securities and
Exchange Commission. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The reader is cautioned not
to unduly rely on such forward-looking statements when evaluating the
information presented in this news release.
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Source: AstroNova, Inc.