Thursday, 11 September 2008

International Water Guard Wings Water With Airbus

International Water Guard (TSX-V: IWG)
Basic Shares: 39.3 million
Fully Diluted: 46.5 million


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The Vancouver company specializing in aircraft water handling and purification systems has opened one of the biggest corporate doors by winning a contract with Airbus.

It's a story of Mr. Small & Nimble meeting Mr. Big.

International Water Guard (IWG) sold its first state-of the art water system and water purification technology for installation in a plush Airbus corporate jet, it announced in a Sept. 10 news release.

That's an accomplishment in itself but having that installation done at Airbus' mammoth manufacturing facility in Toulouse, France could be an even bigger accomplishment.

That's because this first-of-a-kind installation will be done under the noses of engineers in the entire corporate jet manufacturing facility and in front of those in Airbus' much bigger passenger jet manufacturing arm.

To give an idea of the size of this firm, Airbus' corporate jet manufacturing division had a record year in 2007, winning 38 firm orders from worldwide customers and a total of nearly 50 orders and commitments.

Adding on bigger commercial passenger aircraft, Airbus delivered 453 jetliners in 2007. The European manufacturer builds 14 different airplanes, ranging from the luxurious and roomy corporate jet IWG's equipment will go on to the largest civil airliner in service, the 525-seat A380.

To get the attention of a behemoth like this, Vancouver-based Water Guard obviously has a superior product.

To read the full news release, please click here.