Tuesday, 2 June 2009

Best Corporate Jet Gets Best-Ever Water Treatment

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


International Water Guard (IWG) announced June 1st it shipped its next-generation water treatment system for the longest range and one of the fastest corporate jets in the world.

This if the first of the most technically-savvy water treatment systems IWG has developed to date and it will be installed on the factory floor into a gleaming new Gulfstream G650, made by Gulfstream Aerospace.

This sleek corporate jet was rumoured to be worth US$58.5 million when it was unveiled last year.

Press reports further stated it could fly 7,000 nautical miles (8,055 miles) at 0.85 Mach or 5,000 nautical miles (5,753 miles) at 0.90 Mach and had a top speed of 0.925 Mach (roughly 1,100 km/h or 700 mph). Speeds like this make the G650 the fastest non-military aircraft flying.

IWG President & CEO, David Fox, said: "Our team is pleased and proud to have its equipment standard on this ultra-long range and very high speed business jet. "

The announcement comes at an interesting time for the aerospace industry which, like most industries, is testing the improved general market conditions of late in an effort to find out if this is the foundation from which better markets will emerge.

Gulfstream itself announced earlier in the year, it was expecting a 20% production decline throughout the year.
But more recently, executives at General Dynamics the massive corporationthe Gulfstream parent, were quoted saying they were seeing a promising sign - a floor where demand was holding steady and not declining anymore.

Mr. Fox said most in the corporate jet industry believe, "we are skipping along on the bottom of the market right now ... and that people are hopeful that things will not get appreciably worse." "But it would be very premature to say we are out of the woods," he added.

One of the very bright spots in the corporate jet arena are the big-dollar VIP airliner conversions, or “Bizliner” jets that are built for royalty, heads of state, the super wealthy or large corporations.
IWG also has its high-tech water treatment systems on board these aircraft.

Mr. Fox said the VIP market is doing very well.

On the commercial jet side, the head of The International Air Transport Association (IATA) said in a May 27th newsrelease that the decline in worldwide passenger demand dramatically lessened in April.

The decline of 11.1% in passenger demand of March improved to a decline of just 3.1% in April, IATA reported.

However, Giovanni Bisignani, IATA's Director General and CEO, cautioned that it was too early to pop the champagne and declare passenger numbers were nearing the bottom and would soon be on the rise.

To view IWG's full news release, please click here.