Monday, 5 January 2009

Old AeroMechanical Customer Wants More

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 82.5 million
Fully Diluted: 88 million


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AeroMechanical received a $2-million kudos from a major West Indies customer with the extension of its three-year-old contract that will include a broader use of AMA's expertise and installation of AMA's technology on additional aircraft.
The unidentified customer flies a fleet of Dash-8 aircraft made by Canada's Bombardier.

The five-year value of this renewed contract, that calls for installation of new blueboxes, web-based services and on-site assistance, could be in excess of $2.2 million.

The customer flies to 22 airports in the Eastern Caribbean.

AMA President Dick Hayden said this early customer will be using AMA's technology for operational control of its aircraft fleet, to lower operating costs and for enhanced communication with pilots as they fly to a host of widely disbursed areas.

To view the full press release, please click here.