AstroNova Achieves Tier 1 Supplier Status from Airbus to Produce Flight Deck Printers for A320 Family of Aircraft
13 July 2021 - 10:30PM
Business Wire
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data
visualization technologies, today announced that it has been
qualified as a Tier 1 supplier by Airbus for the A320 Family of
commercial aircraft. The designation enables AstroNova to supply
its flight deck printers directly to Airbus rather than through a
third party. Prior to becoming a Tier 1 supplier to Airbus,
AstroNova supplied its flight deck printers to Airbus via a
third-party supply agreement. The agreement has been in place since
2017, when AstroNova acquired an exclusive worldwide license from
Honeywell International, Inc. to manufacture its PTA-45B
narrow-format cockpit data printer for the A320 portfolio.
“Qualification as a Tier 1 supplier for the A320 is a
significant accomplishment for AstroNova and our Aerospace business
unit,” said Gregory A. Woods, AstroNova’s President and Chief
Executive Officer. “Direct-supplier status means that we have
achieved all of Airbus’ stringent qualification standards across
four areas: engineering, manufacturing, aftermarket support and
program management. Joining the direct Airbus supplier network is a
further testament to the quality and high level of performance
AstroNova has attained as a growing global aerospace supplier.”
Through its Aerospace business unit, AstroNova produces a range
of airborne printers and networking systems for commercial,
business jet and military aircraft. In addition to Airbus,
AstroNova is qualified as a Tier 1 supplier by most of the world’s
leading airframe manufacturers including Boeing, Embraer, Dassault
Aviation, ATR, Lockheed and Gulfstream.
About AstroNova
AstroNova Inc. (NASDAQ: ALOT), a global leader in data
visualization technologies since 1969, is focused on designing,
manufacturing, distributing and servicing a broad range of products
that acquire, store, analyze and present data in multiple formats.
The Company's Product Identification segment offers a complete
line-up of label and direct-to-package printing hardware and
supplies, allowing customers to mark, track and enhance their
products' appearance. Supported by AstroNova's customer application
experts and technology leadership in printing, material science and
high-speed data processing, customers benefit from an optimized,
"total solution" approach. The Test and Measurement segment
includes the AstroNova Aerospace business unit. This segment
designs and manufactures flight deck printers, networking hardware
and related accessories serving the world's aerospace and defense
industries with proven advanced airborne technology solutions for
the cockpit, the cabin and so much more. AstroNova is a member of
the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS:
LDMICRO). Additional information is available by visiting
www.astronovainc.com.
Forward-Looking Statements
Information included in this news release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are not statements of historical fact but rather reflect
our current expectations concerning future events and results.
These statements may include the use of the words “believes,”
“expects,” “intends,” “plans,” “anticipates,” “likely,”
“continues,” “may,” “will,” and similar expressions to identify
forward-looking statements. Such forward-looking statements,
including those concerning the Company’s qualification as a Tier 1
supplier to Airbus, involve risks, uncertainties and other factors,
some of which are beyond our control, which may cause our actual
results, performance or achievements to be materially different
from those expressed or implied by such forward-looking statements.
These risks, uncertainties and factors include, but are not limited
to, those factors set forth in the Company’s Annual Report on Form
10-K for the fiscal year ended January 31, 2021 and subsequent
filings AstroNova makes with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The reader is
cautioned not to unduly rely on such forward-looking statements
when evaluating the information presented in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210713005237/en/
Scott Solomon Senior Vice President Sharon Merrill Associates
(857) 383-2409 ALOT@investorrelations.com
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