Astronics and SmartTray International Team-Up to Provide Airline Passengers With a Hands-Free Solution to View Personal Elect...
April 07 2015 - 5:55AM
Astronics Corporation (Nasdaq:ATRO), a leading provider of advanced
technologies for the global aerospace and defense industries,
announced today that it has entered into an agreement with
SmartTray International, LLC to exclusively market, sell, and
manufacture SmartTray's new passenger device-friendly aircraft tray
table solutions that facilitate hands-free use of portable
electronic devices (PEDs) including smartphones. The tray tables
offer air travelers superior ergonomics, better space management,
and improved comfort and convenience over conventional tray tables.
"SmartTray's solutions are best-in-class and represent a strong
opportunity for Astronics as they are complementary to our leading
EmPower® aircraft in-seat power systems," said Pete Gundermann, CEO
of Astronics. "With our existing industry relationships, proven
track record of customer support, and portfolio of over 190 airline
customers, Astronics is perfectly positioned to enhance the
passenger experience by combining PED power and the convenience of
an ergonomic tray table to manage passenger carry-on devices. Under
this exclusive agreement, Astronics will deliver SmartTray's
patented solutions to airlines and seat manufacturers globally, and
airline passengers will enjoy the power and convenience they
desire," added Mr. Gundermann.
"We could not be more proud to partner with Astronics," said
Nick Pajic, CEO and Founder of SmartTray International. "With
millions of air travelers using their mobile phones and electronic
tablet devices on airplanes for work and entertainment, airline
operators are in need of simple, practical, and cost effective
solutions that make using and stowing PEDs inflight more convenient
and easier. SmartTray products do exactly that," added Mr.
Pajic.
ABOUT SMARTTRAY
SmartTray International, LLC, is an innovation leader and
pioneer of proprietary, simple, practical, low cost, tablet device
in-flight entertainment (IFE) platforms designed to greatly enhance
travelers' experience and make the cabin safer for passengers and
inflight crews. This innovation is capable of leveraging digital
place-based media technology while bringing in-flight entertainment
and Internet access right to air travelers' fingertips—without
their ever having to reach overhead for their stowed tablet or
other mobile device. SmartTray is privately owned. For more
information, please visit www.thesmarttray.com. ABOUT
ASTRONICS CORPORATION Astronics Corporation (Nasdaq:ATRO)
is a leading supplier of products and technology to the aerospace,
defense, consumer electronics and semiconductor industries.
Astronics' products include advanced, high-performance electrical
power generation and distribution systems, lighting and safety
systems, avionics products, aircraft structures and automatic test
and simulation systems. Astronics' strategy is to increase its
value by developing technologies and capabilities, either
internally or through acquisition, and using those capabilities to
provide innovative solutions to its targeted markets and other
markets where its technology can be beneficial. Astronics
Corporation, through its wholly-owned subsidiaries, has a
reputation for high-quality designs, exceptional responsiveness,
strong brand recognition and best-in-class manufacturing
practices. The Company routinely posts news and other
important information on its website at
www.astronics.com.
For more information
on Astronics and its products, visit its website at:
www.Astronics.com.
Safe Harbor Statement This news release
contains forward-looking statements as defined by the Securities
Exchange Act of 1934. One can identify these forward-looking
statements by the use of the words "expect," "anticipate," "plan,"
"may," "will," "estimate" or other similar
expressions. Because such statements apply to future events,
they are subject to risks and uncertainties that could cause actual
results to differ materially from those contemplated by the
statements. Important factors that could cause actual results
to differ materially include the capabilities of the acquired
company, achieving expected revenue levels, successfully leveraging
complementary capabilities in the Test Systems segment, the state
of the aerospace and defense industries, the market acceptance of
newly developed products, internal production capabilities, the
timing of orders received, the status of customer certification
processes, the demand for and market acceptance of new or existing
aircraft which contain the Company's products, customer
preferences, and other factors which are described in filings by
Astronics with the Securities and Exchange Commission. The Company
assumes no obligation to update forward-looking information in this
news release whether to reflect changed assumptions, the occurrence
of unanticipated events or changes in future operating results,
financial conditions or prospects, or otherwise.
CONTACT: For more information:
Product:
Dennis Markert
Director, Business Development
Cabin Electronics
(425) 895-4374
dennis.markert@astronics.com
Company:
David C. Burney
Chief Financial Officer
(716) 805-1599, ext. 159
david.burney@astronics.com
Investor Relations:
Deborah Pawlowski
Kei Advisors LLC
(716) 843-3908
dpawlowski@keiadvisors.com
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