AIM News Aerosonic Announces Consolidation of Repair Services
CLEARWATER, Fla.--(BUSINESS WIRE)--Aerosonic Corporation (AMEX:AIM), a leading supplier of precision flight
products for commercial, business and military aircraft, today announced
the consolidation of its Wichita-based repair facility into its
Clearwater-based operations. The consolidation represents a
repositioning of Aerosonic’s resources that
adds on-site support of the Quality and Engineering functions to the
repair activities that have been performed by the Wichita facility. This
change is expected to shorten the turnaround of the repair cycle,
improving performance and customer service.
“The repair facility is responsible for
returning used Aerosonic products to a like-new condition based on the
most current testing specifications. The consolidation of these business
activities, which should be completed by the end of October, will enable
Aerosonic to improve the efficiency of its repair operations and is
expected to reduce annual operating costs by nearly $500,000,”
commented David Baldini, Chairman, President and Chief Executive
Officer. “As a component of our goal of
increasing our competitiveness and profitability, we are focused on
creating a more efficient overhead structure and enhancing our
production capacity.”
The Company expects to close the Wichita-based repair facility by
November 1, 2006. Estimated costs for the facility’s
closure are approximately $100,000. The Company is assisting with
placement opportunities for employees based at this location, and may
relocate some employees to the Company’s
Clearwater, Florida operations.
Aerosonic Corporation, headquartered in Clearwater, Florida, is
principally engaged in the manufacture of aviation products. Locations
of the Company include Clearwater, Florida and Earlysville, Virginia.
For additional information, visit the Company’s
website at www.aerosonic.com.
This document contains statements that constitute "forward-looking"
statements within the meaning of the Securities Act of 1933 and the
Securities Act of 1934, as amended by the Private Securities Litigation
Reform Act of 1995. "Forward-looking" statements contained in this
document include the intent, belief or current expectations of the
Company and its senior management team with respect to future actions by
officers and directors of the Company, prospects of the Company's
operations, profits from future operations, overall future business
prospects and long term stockholder value, as well as the assumptions
upon which such statements are based.
Investors are cautioned that any such forward-looking statements are
not guarantees of future performance, and that actual results may differ
materially from those contemplated by such forward-looking statements.
Important factors that could cause actual results to differ materially
from those contemplated by the forward-looking statements in this
document include, but are not limited to, adverse developments involving
operations of the Company's business units, failure to meet operating
objectives or to execute the business plan, and the failure to reach
revenue or profit projections. The Company undertakes no obligation to
update or revise the forward-looking statements contained in this
document to reflect changed assumptions, the occurrence of unanticipated
events, or changes to future operating results over time.
