Press release from Marketwire
AeroMechanical Services Receives Alberta Export Award
Monday, November 28, 2011
AeroMechanical Services Receives Alberta Export Award07:05 EST Monday, November 28, 2011CALGARY, ALBERTA--(Marketwire - Nov. 28, 2011) - AeroMechanical Services Ltd. (TSX VENTURE:AMA) ("AMA" or the "Company"), won an Alberta Export Award in the Advancing Technologies category at a ceremony hosted by the Alberta division of the Canadian Manufacturers and Exporters ("CME") in Edmonton on Friday. The Alberta Export Awards pay tribute to the innovative approaches and contributions of Alberta export companies. The Advancing Technologies category recognizes "companies and organizations that harness the powers of intellectual property and value-added know how".This award celebrates the people in AMA's sales, software, engineering, customer support, manufacturing and quality organizations that allow the Company to be a world-class provider of Alberta grown technologies. The support from organizations such as the CME, Export Development Canada, Industry Canada, through its Industrial Research Assistance Program ("IRAP") and other government agencies help companies like AMA compete in the global economy and dedicated staff, investors and customers allow us to succeed around the world. "The Company is honored to be recognized with an Alberta Export Award," commented Bill Tempany, CEO. "We have had to work hard to overcome many of the challenges involved with exporting, though we have had success with our model because of the resources, level of expertise and outstanding technology available in the Province of Alberta.""This award is for the staff of AMA who have weathered 9/11, the economic turmoil of the last 10 years, the rigors of the global aviation world and built best of breed, made in Canada products, sold and supported them internationally and continue to push the envelope on technologies as they evolve." AMA's key product, the Automated Flight Information Reporting System ("AFIRS™") is operated by over 35 customers globally. One reason why AMA was selected for the award is that a majority of the Company's revenue, over 80% is achieved through export sales, yet AFIRS is built in the province using local technology, experts and staff. Selection criteria was based on the demonstration of a year-to-year percentage growth in the value of export sales, ability to overcome challenges or obstacles in a new international market, use of innovation and strategies to promote brand awareness in the market and growth in business as a result of entering an international marketplace. As an award recipient, the Company is also featured in December's edition of the Alberta Venture Magazine. About AeroMechanical ServicesAeroMechanical Services Ltd., under the brand name FLYHT™, provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, AMA's triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real time. The company has been publicly traded on the TSX Venture Exchange since 2003 under the trading symbol AMA. AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of AeroMechanical Services Ltd.FOR FURTHER INFORMATION PLEASE CONTACT: Thomas R. French, CGAAeroMechanical Services Ltd.VP Finance and CFO403firstname.lastname@example.orgORColin LanguedocBarnes Communications Inc.Senior Consultant416-367-5000 ext. email@example.comORwww.facebook.com/flyhtJoin us on social media!www.twitter.com/flyhtcorpwww.slideshare.net/flyhtcorpwww.youtube.com/flyhtcorpNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.