AAR Announces MOU with Vision Systems to Integrate Electronically Dimmable Window Solutions for Aircraft Retrofit Programs in Asia & the Middle East
February 16, 2016
Official signing to take place during the Singapore Airshow
SINGAPORE, February 17, 2016 – AAR, an industry-leading provider of aviation aftermarket services and nose-to-tail solutions for commercial airlines, original equipment manufacturers and governments, announces Wednesday at the Singapore Airshow it has been selected by Vision Systems, a market leader in solar protection solutions, to integrate Electronically Dimmable Windows (EDW) solutions for retrofit programs in Asia, Middle East, Africa and North America.
Media are invited to attend a signing ceremony Wednesday, Feb. 17 at 12:30 p.m. at AAR’s Booth No. S01. Executives from both companies will be on hand to answer questions about the partnership, the science behind the dimming technology, and the benefits, including lower maintenance costs, downtime and air conditioning consumption.
The EDW developed by Vision Systems is based on Suspended Particle Device (SPD) technology used to enhance passengers’ experience by improving visual and thermal comfort. The windows’ sleek, elegant design and their capacity to block heat and noise convey a peaceful, spacious and cooler atmosphere as passengers enter the cabin. Once seated, passengers can regulate daylight, glare and heat entering the aircraft by dimming their window to any level from clear to dark, or set a dark mode if they wish to sleep.
The technology blocks more than 99.9 percent of harmful UV light, which protects the interior from fading. It can be applied to flat or curved surfaces (2D, 3D), plastic or composite glass. The EDW solutions come as a whole to replace the entire inside window including the casing and the dust panel. The EDWs are already installed in Dassault F5X (skylight), Epic E1000, Airbus Helicopters H175, RUAG’s refurbished Falcon 900 and HondaJet HA-420. There are currently several new projects under way, especially on commercial aircraft.
"Vision Systems’ Electronically Dimmable Windows use technology to create common-sense creature comforts that enhance passenger experience and, at the same time, enable airlines to reinforce their brand and improve customer satisfaction, leading to customer loyalty and retention," said Michael Leung, Managing Director, AAR Engineering Services-Asia. "AAR is pleased to partner with an innovator such as Vision Systems who, like AAR through our interior modifications, upgrades and installation of world-class cabin solutions, is raising the bar on the passenger experience."
Other AAR executives expected to be at the booth include:
John Holmes, Chief Operating Officer, Aviation Services
Rahul Shah, Sr. Vice President, Strategic Growth & Business Development Asia Pacific, Middle East and Africa
Deepak Sharma, President of International Supply Chain
Colin Gregory, Vice President of Sales, Singapore
Chris Jessup, AAR’s Chief Commercial Officer
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at www.aarcorp.com.
Media contact: Daniela Pietsch, Vice President Corporate Marketing & Communications, at firstname.lastname@example.org or +1 630-227-5100.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to,statements regarding the agreement to establish The Module Factory,AAR’s estimate that it will manage the teardown, repair, marketing and sales of spare parts of FTAI’s CFM56 engine pool totaling over 200 engines and growing, AAR’s ability to leverage its extensive USM capabilities to offer CFM56 serviceable engine material to the global commercial aviation aftermarket, that the partnership positions AAR well to service the growing demand for USM on a leading engine platform as customers increasingly prioritize more cost-efficient solutions, and the belief that serviceable engine products, combined with FTAI’s proprietary products and partnerships, completes its unique suite of CFM56 aftermarket offerings aimed at delivering the lowest cost per cycle solution to airline customers. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled “Risk Factors”, included in the Company’s Form 10-K for the fiscal year ended May 31, 2015. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR’s filings with the Securities and Exchange Commission.