Tuesday, 17 May 2011

New Era Opens With First Test of Next Generation Blue Box

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 118.58 million
Fully Diluted: 134.33 million

The number of AeroMechanical shares trading hands was unusually high Tuesday morning with the share price up slightly following the announcement that AeroMechanical successfully tested its latest and most sophisticated blue box for a potential client.

The test is of great interest to investors as AMA has stated that its next wave of sales would be tied to the new technology.

The prospective customer wasn't named but AeroMechanical (AMA) reported the test was conducted in England in a Hawker Beechcraft 750 aircraft.
The fascinating part about this test of the next-generation blue box, called the AFIRS 228B, is it heralds in a new era of airline safety.

For the first time, it independently demonstrated an emergency function of the 228 that gives the airline industry a new way forward by introducing space-age monitoring of aircraft and communication with pilots.

What that means for passengers is they can now fly in an aircraft where ground experts would be instantly notified of a technical problem on board their airplane - before a calamity - and those same experts could help pilots through that emergency.

Just like NASA does with its astronauts.

If that fails, the airline would at least know within seconds the precise location of the aircraft and be able to immediately call in rescuers to help passengers and crew. Why is that important?

In a recent airline mishap where the aircraft was equipped with current technology, an emergency wasn't declared until six (6) hours after the incident and many more hours passed, according to one report, before rescuers were sent in - but to the wrong location.
The test also proved the capability of the AFIRS 228B to monitor in real time the functioning of the aircraft for maintenance purposes and its use - or more importantly - its excessive use of fuel.

In this era of high fuel prices, studies have shown that just the fuel monitoring capability of a blue box can save airlines up to $100 thousand dollars per year, per aircraft.

To read the full news release, please click here.