New Contract
25 Agosto 2005 - 9:37AM
UK Regulatory
RNS Number:4909Q
AeroBox plc
25 August 2005
AeroBox plc
New Contract
Following the successful delivery of 250 containers in late 2004, AeroBox
Composite Structures, LLC has now signed a contract with Virgin Atlantic Airways
Limited for an additional 250 containers. The sale is composed of 100 units at
the standard weight of 83 kilos for immediate delivery. The remaining 150 units
weighing approximately 79 kilos are scheduled for delivery in the fourth quarter
of this year.
Charles Edwards, President of AeroBox Composite Structures, LLC said: "There is
no higher recommendation than to receive a follow-on order and this is our first
repeat customer order to date. Virgin Atlantic was the initial airline that
trialed AeroBox containers in 2003 and clearly like what they see. However,
intense competition from aluminium box manufacturers means that the sales
margins on new orders are unlikely to be as satisfactory as had been previously
projected."
Enquiries:
David Sebire, Chairman, AeroBox plc +44 1454 310066
Ray Gibbs, Finance Director, AeroBox plc +44 207 929 5599
Trevor Phillips, Holborn +44 207 929 5599
Jonathan Wright, Seymour Pierce +44 207 107 8000
Notes to Editors
The Aerobox air cargo container is the result of a decade of research and
development into composite structure panels. The strength and thermal resistance
of the AeroplazTM thermoplastic composite panels enables Aerobox to develop
custom made solutions for a wide range of applications in the aviation,
automotive and other industries. The unique construction of AeroplazTM provides
for improved strength and durability that can reduce costly repairs by over 90%
as well as improving reliability, utilisation and safety. The Aerobox has now
flown over 50,000 flights in commercial airlines around the globe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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