WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that Chinese carrier Shandong Airlines Co. Ltd. will install the ToughWriter® 5 flight deck printer on its 34 new Boeing 737 MAX aircraft. The planes are scheduled for delivery between May 2018 and December 2020.
“This contract with Shandong Airlines marks another milestone for our Aerospace business unit, which continues to expand its customer base and geographic reach,” said AstroNova President and CEO Greg Woods. “Aircraft system integrators, aircraft OEMs and the airlines themselves are increasingly relying on AstroNova, and we believe that growing demand is a direct result of the quality of our products, service and technical support. As one of the world’s fastest growing aviation markets, China is an important region in our long-term growth strategy. We look forward to a long and successful partnership with Shandong Airlines as the carrier builds its Boeing fleet and broadens its domestic and regional businesses.”
The advanced ToughWriter 5 flight deck printer is known for its high reliability and low maintenance costs over its entire life cycle, reducing repair expenses. In addition, the light weight of the ToughWriter 5 contributes to lower operating costs and fuel savings for the air carrier compared with other flight deck printers.
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze and present data in multiple formats. The Product Identification segment offers a variety of hardware and software products and associated supplies that allow customers to mark, track and enhance the appearance of their products. The segment’s two business units are QuickLabel®, the industry leader in tabletop digital color label printing and TrojanLabel™, a leader in the light-production color label press and specialty printer markets. The Test and Measurement segment includes the Test & Measurement business unit, which offers a suite of products and services that acquire, record and analyze electronic signal data from local and networked sensors. The segment also includes the Aerospace business unit, which makes printers, networking hardware and related accessories. These products are used in the aircraft flight deck to print flight plans, navigation information and performance data and in the aircraft cabin to print maintenance data, receipts and passenger manifests. 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.
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 relating to the agreement with Shandong Airlines Co. Ltd., 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, 2017 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.