CALGARY, Alberta-- September 8, 2009, (BUSINESS WIRE)--AeroMechanical Services Ltd. (AMA) is pleased to announce that it has received confirmation of a contribution from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). The NRC-IRAP contribution, in the amount of $320,000 CAD, will be used to augment AMA research and development funding toward the development of AMA’s next generation UpTime Fuel and Emissions Management Tools. The Company also is pleased to announce that it has received a contract modification from a customer for the provision of a compliance plan for the European Union Emissions Trading Scheme.
NRC-IRAP provides a range of both technical and business-oriented advisory services along with potential financial support to qualified innovative Canadian small- and medium-sized enterprises. Financial assistance for this project is a direct result of the Government of Canada’s Economic Action Plan.
AMA’s Fuel and Emissions Management Tools are leading edge tools utilizing AMA’s patented afirs™ UpTime™, and FIRSTTM products. These toolsare industry leading products that help customers reduce fuel consumption and meet reporting requirements for the EU’s Emissions Trading Scheme regulations. In a related development, AMA is also pleased to announce that it has signed our first engagement with a customer to establish an ETS compliance plan for a Canadian Carrier flying in European airspace. The contract is for US$17,000 to develop an initial compliance plan for the ETS, which includes improved accuracy through use of afirs-UpTime data. This agreement confirms AMA’s lead in helping customers comply with regulations as they evolve.
About AeroMechanical Services Ltd.
AeroMechanical Services Ltd. provides proprietary technological solutions and services designed to reduce costs and improve efficiencies in the aviation industry. The company has successfully commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, afirs™ UpTime™, and FIRSTTM allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time.
afirs, UpTime, FLYHT and aeroQ are Trade Marks of AeroMechanical Services Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
AeroMechanical Services Ltd
Tom French, CFO,
403-291-7427
tfrench@amscanada.com
www.amscanada.com
or
The Howard Group Inc.
Bob Beaty
Toll Free: 1-888-221-0915
Info@howardgroupinc.com
www.howardgroupinc.com
11 years ago
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