Swedish AVTECH Prepares its Initial Public Offering
STOCKHOLM, November 8, 2011 /PRNewswire/ –
AVTECH Enables Performance Based Operations for the Air Transport
The Air Transport industry is facing major challenges. Today’s aviation
needs to be more efficient, more profitable, more environmentally friendly,
and most importantly, preventing delays associated with takeoff and landing.
The analogue navigation systems that have been used by the industry for
the last fifty years will gradually be replaced throughout Europe in the
next ten years. The replacement, called Digital Air Traffic Management
(Digital ATM), will allow a highly improved, more efficient way for airlines
and airports to communicate. AVTECH, which holds a long history of extensive
research and development, has recently launched commercial products and
services that will enable this major shift within the industry.
Digital ATM has many benefits: increased traffic volume, improved data
accuracy, significant safety benefits and cost savings. AVTECH’s patented
product AventusNowCast(TM) transmits accurate, real-time wind updates
digitally to the airplane’s computer prior to landing. This enables a so
called Green Approach where the airplane gradually descends to it’s
destination with the plane engines at idle.
“Wind is the most crucial external factor when it comes to predicting
flight operations. Our patented wind information system AventusNowCast(TM)
calculates the optimal route where the winds are monitored in real-time”,
said David Alvord, CEO of AVTECH.
With the use of Digital ATM each flight can be scheduled and narrowed
down to seconds instead of minutes, which will improve the travel situation
for all passengers. Takeoffs and landings will be punctual and the bottle
necks in the air with planes holding around the airports prior to landing
will be eliminated. Today, the cost of delayed flights is approximately 1.3
to 1.9 billion Euros annually.
- We can now, for the first time in aviation history, control time by using Digital ATM. Lower fuel consumption, fewer delays, improved weather forecasting, less pollution and in the end, lower ticket prices. AVTECH holds the tools for these advancements", said Lars GV Lindberg, pilot and founder of AVTECH.
AVTECH has recently signed a licensing agreement with SITA, the world’s
largest supplier of IT and communications technology for the aviation
industry. The Value Added Reseller (VAR) is co-owned by more than 550
airlines, airports and logistics service companies. SITA has more than 3200
customers worldwide and holds a market share of 70 %.
AVTECH has for several years been active in European research
initiatives such as SESAR (Single European Sky ATM Research) and Clean Sky.
The company holds several contracts within SESAR and has been selected to be
Airbus Associated Partner together with the Boeing. AVTECH is also active
within Systems for Green Operations, a Clean Sky initiative where the
company is researching future flight scenarios and how the system for flight
management can develop in the most effective and environmentally friendly
AVTECH develops products and services for digital air traffic management
systems. Customers include airlines, airports, aviation administrations, IT
companies and airplane manufactures. AVTECH’s products and services enable
an optimized flight operation when it comes to cost savings, noise levels
and decreased pollution, time accuracy and security.
For more information, please contact: Wolfgang Sagmeister AVTECH Sweden AB Mob: +46(0)704-20-30-31 Tel: +46(0)8-544-104-80 E-mail: firstname.lastname@example.org