Press release from Business Wire
B/E Aerospace Announces First Lavatory Retrofit Award
Monday, April 08, 2013
B/E Aerospace Announces First Lavatory Retrofit Award20:00 EDT Monday, April 08, 2013
WELLINGTON, Fla. (Business Wire) -- B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables, today announced that one of its airline customers plans to retrofit its fleet of Boeing 737 aircraft with B/E Aerospace modular lavatories. The airline also plans to retrofit its entire fleet of 737 aircraft, with B/E Aerospace Aircraft Ecosystems® vacuum toilets, and eventually to upgrade the cabins of its 737 fleet with B/E Aerospace LED lighting systems.
Through a combination of seat pitch adjustments, installation of B/E Aerospace lavatories, toilets and LED lighting, the airline plans to upgrade the interiors of its existing 737 fleet to more closely approximate the appearance and economics of their new to be delivered 737's which will have both the B/E Aerospace modular lavatories and toilets as well as B/E Aerospace LED lighting systems. The lavatories incorporate patent pending, Spacewall® technology, which frees up floor space in the cabin, creating the opportunity to add up to six incremental passenger seats per aircraft. The B/E Aerospace lightweight LED lighting system which features adjustable lighting with full spectrum color capabilities, provides superior cabin ambiance and unprecedented lighting control.
“We are very pleased to announce our first 737 retrofit award for our modular lavatory systems. The B/E Aerospace lavatory is being developed in close coordination with Boeing and will become standard equipment for their new 737's. Boeing believes that the B/E Aerospace lavatory provides significant advantages to the interior of the 737 aircraft. Our lavatory has an improved look and feel, provides more useable space, and is more comfortable for passengers. In addition, through the design of the lavatory interior and antimicrobial coatings on the interior surfaces, the lavatory is cleaner and more hygienic. We expect to begin delivering certified lavatories to Boeing in the second half of this year,” stated Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace.
“We look forward to working with our airline partners on retrofitting their 737 fleets with multiple B/E Aerospace products. These awards specifically underscore our reputation for innovation driven by our successful R&D programs,” continued Mr. Khoury.
Certain portions of the retrofit program are firm while other portions are under options. The first retrofit modular lavatories are expected to be delivered before the end of 2014. However, in addition to the modular lavatory and lighting retrofits, the airline has already begun retrofitting all of the airline's 737 aircraft with B/E Aerospace composite Aircraft Ecosystems® vacuum toilets which are more hygienic, lighter weight, and require less maintenance than comparable toilets.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve risks and uncertainties. The Company's actual experience and results may differ materially from the experience and results anticipated in such statements. Factors that might cause such a difference include those discussed in the Company's filings with the Securities and Exchange Commission (SEC), which include its Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. For more information, see the section entitled "Forward-Looking Statements" contained in the Company's Annual Report on Form 10-K and in other filings. The forward-looking statements included in this news release are made only as of the date of this news release and, except as required by federal securities laws and rules and regulations of the SEC, 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.
About B/E Aerospace, Inc.
B/E Aerospace is the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables. B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E Aerospace manufactured products include aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems. The Company also provides cabin interior reconfiguration, program management and certification services. B/E Aerospace sells and supports its products through its own global direct sales and product support organization. For more information, visit the B/E Aerospace website at www.beaerospace.com.
Greg Powell, 561-791-5000
Vice President Investor Relations