Monday, 8 February 2010

AeroMechanical Sits In Esteemed Company


AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 103.1 million
Fully Diluted: 117.6 million
Management, Directors, and Officers > 7.1%
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If one is measured by the company one keeps then AeroMechanical Services has reason to crow with today's announcement that it (through its FLYHT services and solutions division) is a partner in an elite consortium under the CEDAR label.

"Critical Event Detection And Reporting" is the acronym for the group charged with finding the solution to what has become a priority issue for the airline industry, namely, tracking and monitoring aircraft anywhere in the world in real time.

Click on the graphic below to enlarge.





This effort has been tagged the OPTIMI (Oceanic Position Tracking Improvement & Monitoring) program and falls under another label of SESAR (Single European Sky ATM Research) Joint Undertaking (http://www.sesarju.eu/).


The focus of the group is "improving air traffic capacity and efficiency and reducing fuel burn and emissions in all European airspace" and "the objective of the OPTIMI Project is to conduct a study that will analyze and demonstrate the feasibility of implementing oceanic flight tracking services in the Atlantic (NAT, EUR and AFI regions) at a reasonable cost and within a limited timeframe (2010)".


AMA’s is the sole consortium member providing data linking services and as stated in the news release, "to provide data and analysis related to AMA’s patented afirs technology to provide continuous reporting of aircraft position and streaming of flight data recorder (“black box”) data to the ground over the Iridium satellite system. An in-service evaluation of AMA’s afirs FLYHTstreamTM system, which is already deployed with AMA customers, is under consideration by the CEDAR consortium as part of the OPTIMI program".

It is reasonable to assume that no one was invited into this consortium without having proven their worth and credibility, especially as it relates to the critical issue of technology and the ability to solve problems for the industry.


To read the news release click here.