AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that it has closed a deal with a major North American air carrier for the exclusive purchase of the Company’s narrow-format flight deck printers for its Boeing 737 aircraft.
"This exclusive, multi-year commitment from a leading airline is a great endorsement of the many operational benefits provided by our industry leading ToughWriter® 640 printers," said AstroNova President and CEO Greg Woods. "Our smaller, lighter weight printer provides significant fuel savings over the life of the aircraft.
"The other important benefit of the printer to our customers is the capability of having a paper record of aircraft weight and balance, takeoff and landing information, in-flight weather and messages between the pilots and air traffic control," Woods said. "Our products play an essential role in pilot workload reduction and safe and efficient aircraft operations."
AstroNova’s ToughWriter 640 printer provides a weight reduction of up to nearly 50 percent, a significant improvement in reliability, lower power consumption and a compact form factor compared to existing flight deck printers.
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies since 1969, 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 complete line-up of labeling hardware and supplies allowing customers to mark, track, and enhance the appearance of their products. The segment is comprised of three business units: QuickLabel®, the industry leader in tabletop digital color label printing; TrojanLabel®, an innovative leader for professional label presses; and GetLabels™, the premier supplier of label materials, inks, toners, ribbons, and adhesives, all compatible with the major printer brands. Supported by AstroNova’s customer application experts and technology leadership in printing, material science, and high-speed data processing, customers benefit from an optimized, "total solution" approach.
The Test and Measurement segment includes the AstroNova Aerospace business unit, which designs and manufactures flight deck printers, networking hardware, and related accessories serving the world’s aerospace and defense industries with proven advanced airborne technology solutions for the cockpit and the cabin; and the Test and Measurement business unit, which offers a suite of products and services that acquire, record, and analyze electronic signal data from local and networked sensors.
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 AstroNova’s 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 concerning the selection of its narrow-format flight deck printers by a major U.S. air carrier, involve risks, uncertainties and other factors, some of which are beyond AstroNova’s control, which may cause its 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 AstroNova’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020 and subsequent filings AstroNova makes with the Securities and Exchange Commission. AstroNova 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.
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