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Aerosonic (AIM) Announces New Air Data Test Equipment Order from Korean Aerospace Industries

Press Release Source: Aerosonic Corporation On Friday July 9, 2010, 9:53 am EDT

CLEARWATER, Fla.–(BUSINESS WIRE)–Aerosonic Corporation (NYSE Amex: AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced today that the Company has received a contract to build complex Aerodynamic Test Equipment for Korean Aerospace Industries (KAI).

This deployment of highly engineered test equipment from the Company’s growing Air Data Test Equipment product line will further expand global support for Aerosonic’s Air Data sensor products. The company recently announced a contract with Hindustan Industries for similar equipment. The contract with KAI includes hardware, software and training. Once operational, the new equipment will allow KAI to provide in-country support of the Aerosonic Air Data components used on the T-50 Jet trainer. Aerosonic manufactures and supplies the Integrated Multi-function Probe and other air data products for the T 50 aircraft.

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 Exchange 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.

Friday, July 9th, 2010 Uncategorized
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