AAR to Provide New Shelter Design in U.S. Market
Licensing agreement with Weatherhaven paves way for innovative, new hardwall container
WOOD DALE, ILLINOIS — AAR (NYSE: AIR) announced today that it has signed a licensing agreement with Canadian-based Weatherhaven to produce a new 5-1 Hardwall Expandable Redeployable Container (HERCon) in the United States.
AAR, a leading aerospace and defence company in the U.S., will have rights to market and manufacture the HERCon product for all services and agencies within the U.S. Departments of Defence, Homeland Security and Department of Justice. The HERCon units will be manufactured by AAR’s Mobility Systems business in Cadillac, Michigan.
The design concept for this unique container system enables two, four-foot wide, containers to be connected and shipped as a single ISO eight-foot container footprint. When the walls are fully expanded, these units become 2 x 400 square foot hard-wall buildings, creating more than 800 square feet of shelter, or more than 5-1 expandability from its original ISO shipping footprint of 160 square feet (8’x20’). (See photos included below.) The unit can be fully deployed within 15 minutes and can also be pre-fabricated to fold out into apartment units, dormitories, kitchens, medical centres and washrooms. AAR is the first company to have the right to offer these units for sale in the United States. The HERCon was originally designed by Weatherhaven and received a U.S. Patent in May 2012.
“This product is a world-class innovation and huge step forward in providing rapidly deployed shelters for the disaster relief and the defense/security market in the U.S.,” said Lee Krantz, Vice President and General Manager of AAR Mobility Systems. “We’re committed to innovation and this agreement with Weatherhaven will enable us to bring more solutions to a broader customer base.”
Weatherhaven and AAR have successfully collaborated in the U.S. market before. In 1999, AAR licensed Weatherhaven’s globally patented softwall Mobile Expandable Container Configuration container (MECC), and since then, they have been able to manufacture and sell more than 1,700 of the units to the U.S. military and government customers.
Weatherhaven is a leading provider of re-deployable shelters, camp and systems for remote sites around the world. The company engineers, manufactures and installs customer shelter systems for a wide variety of commercial, military and medical applications. With strategic partnerships in many countries and manufacturing facilities on three continents, the company has grown from being a dominant Canadian domestic supplier to providing shelter systems and installations on all seven continents and deployments in more than 50 countries. More information can be found at www.weatherhaven.com
AAR is a global aftermarket solutions company that employs more than 6,000 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; engineering services and component repair. AAR’s Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.
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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. 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, 2018. 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.
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