EMCORE Introduces EN-150 Precision Fiber Optic Gyro-Based Inertial Measurement/Navigation Unit at Farnborough Airshow

Jul 16, 2018

EMCORE Introduces EN-150 Precision Fiber Optic Gyro-Based Inertial Measurement/Navigation Unit at Farnborough Airshow

ALHAMBRA, Calif., July 16, 2018 (GLOBE NEWSWIRE) — EMCORE Corporation (NASDAQ:EMKR), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today’s high-speed communication network infrastructures and leading-edge defense systems, announced today the introduction of its new EN-150 Inertial Measurement/Navigation Unit for unmanned aerial vehicles, dismounted soldiers and weaponry, platform stabilization and applications where GPS is unavailable. Designed with options for full navigation, or as a higher performance, smaller size replacement for Ring Laser (RLG) Inertial Measurement Units (IMUs), the EMCORE EN-150 is the smallest, most affordable Fiber Optic Gyro (FOG)-based IMU available today at its performance level. The unit is being introduced at the Farnborough International Airshow July 16-20 at the Farnborough Exhibition & Conference Centre, Farnborough, England, Hall 4, Stand #4906.

The EN-150 Inertial Measurement/Navigation Unit expands on EMCORE’s IMU product line that also includes the EN-300. Measuring a mere 2.6” in diameter by 2.24” tall with only 11 cubic inches total volume, the EN-150 is a three-axis, closed-loop FOG design that is one-third the volume and size of the competing units. It features the EMCORE’s proprietary, solid-state FOG transceiver with next-generation, integrated Field Programmable Gate Array (FPGA) electronics to deliver up to twice the performance of legacy IMUs with increased reliability and lower cost.

The EN-150 can be ordered in performance versions with bias drift as low as 0.5 degree/hr and Angle Random Walk (ARW) of 0.02 degree/rt-hr. This makes it better suited for precise targeting, line-of-sight stabilization and GPS denied navigation than older generation RLG units with bias drift typically between 1 to 5 degree/hr. Bias drift is an important measure of accuracy and precision of the IMU, with lower bias models delivering higher performance overall. The internal signal processing of the EN-150 IMU provides two standard IMU outputs, raw acceleration and rate data at 600Hz, and navigation data at 100Hz that incorporates coning and sculling compensation.  The unit also has options for full stand-alone or aided navigation utilizing external sensors such as GPS.

“The EN-150 is the smallest FOG-based IMU available and is a functional replacement for legacy products, offering significantly better performance at a much smaller size,” said David Faulkner, EMCORE’s Vice President and General Manager of Aerospace & Defense. “This latest addition to our navigation systems product line leverages the technology designed into our EN-300 to deliver the advantages of a FOG IMU at lower cost than RLG units, and at a size previously only achieved with MEMs based sensors.”
           
Dr. K.K. Wong, Senior Director of Fiber Optic Gyro Products for EMCORE, added, “Our new EN-150 provides our customers the flexibility of choosing navigation options that best fit their application, or to simply replace their older technology RLG IMU with a higher performance, smaller size product. The unit’s digital interface is fully programmable within EMCORE’s factory allowing it to directly replace lower performing units without the expense of changing the customer’s interface.”

EMCORE’s new EN-150 Inertial Measurement/Navigation Unit and the Company’s complete line of Fiber Optic Gyro and Inertial Navigation products are being showcased at the Farnborough International Airshow July 16-20 at the Farnborough Exhibition & Conference Centre, Farnborough, England, Hall 4, Stand #4906.

About EMCORE
EMCORE Corporation is a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today’s high-speed communication network infrastructures and leading-edge defense systems. Our optical chips, components, subsystems and systems enable broadband and wireless providers to continually enhance their network capacity, speed and coverage to advance the free flow of information that empowers the lives of millions of people daily. The Mixed-Signal Optics technology at the heart of our broadband transmission products is shared with our fiber optic gyros and military communications links to provide the aerospace and defense markets state-of-the-art systems that keep us safe in an increasingly unpredictable world. EMCORE’s performance-leading optical components and systems serve a broad array of applications including cable television, fiber-to-the-premise networks, telecommunications, data centers, wireless infrastructure, satellite RF fiber links, navigation systems and military communications. EMCORE has fully vertically-integrated manufacturing capability through its world-class Indium Phosphide (InP) wafer fabrication facility at our headquarters in Alhambra, California and is ISO 9001 certified in Alhambra, and at our facilities in Warminster, Pennsylvania and China. For more information, please visit www.emcore.com.

Forward-looking statements:
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE’s plans, strategies, business prospects, growth opportunities, changes and trends in our business and expansion into new markets. These forward-looking statements are based on management’s current expectations, estimates, forecasts and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements, including without limitation, the following: (a) the rapidly evolving markets for EMCORE’s products and uncertainty regarding the development of these markets; (b) EMCORE’s historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; (c) delays and other difficulties in commercializing new products; (d) the failure of new products: (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, (iii) to be qualified and accepted by our customers, and (iv) to successfully compete with products offered by our competitors; (e) uncertainties concerning the availability and cost of commodity materials and specialized product components that we do not make internally; (f) actions by competitors; and (g) other risks and uncertainties discussed under Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 30, 2017, as updated by our subsequent periodic reports. Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

EMCORE Corporation

David Faulkner
Vice President & General Manager,
Navigation and Defense Products
(626) 293-3698
David_Faulkner@emcore.com

Media

Joel Counter
Manager, Corporate & Marketing Communications
(626) 999-7017
media@emcore.com

Investor

Erica Mannion
Sapphire Investor Relations, LLC
(617) 542-6180
investor@emcore.com


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Va. Gov. Ralph Northam, Del. Kathleen Murphy, Raytheon’s Dave Wajsgras and UVA’s National Collegiate Cyber Defense Competition Champions Discuss a Vision to Closing the Cyber Talent Gap

Jul 12, 2018

Va. Gov. Ralph Northam, Del. Kathleen Murphy, Raytheon’s Dave Wajsgras and UVA’s National Collegiate Cyber Defense Competition Champions Discuss a Vision to Closing the Cyber Talent Gap

Northam Announces a Focus on STEAM-H Workforce Development; Virginia’s Rise to 4th Best State in Nation to Do Business In

Dulles, Va., July 12, 2018 (GLOBE NEWSWIRE) — Six student members of the University of Virginia’s national-championship cybersecurity team joined Virginia Gov. Ralph Northam, state delegate Kathleen Murphy, and Dave Wajsgras, president of Raytheon Intelligence, Information and Services at Raytheon (NYSE: RTN), in a wide-ranging discussion Tuesday at Raytheon’s Northern Virginia campus around the state of cybersecurity in Virginia. Governor Northam highlighted the imperative to fill rapidly expanding jobs in the 21st century workforce here in Virginia—and in turn, the state’s focus on workforce development in STEAM-H (the H referring to health care) and cybersecurity.

“In order to bring Virginia back to the distinction of being the number one state in the country to do business in, we need to prepare individuals for the 21st century workforce by exposing them to the training opportunities and experiences needed to fill 21st century jobs,” said Governor Northam.

Northam referred to real-world training experiences like those that the students on the winning team–Roman Bohuk, Daniel Chen, Quintin DeGroot, Mariah Kenny, Paul Sanders and Jacob Smith—had the chance to engage in the Raytheon sponsored National Collegiate Cyber Defense Competition. Expanding access to these opportunities will be critical to preparing a diverse workforce for cyber leadership.

Governor Northam also revealed that Virginia has climbed from the No. 13 best state to do business in to No. 4 in just two years—but acknowledged that climb could only continue through strategic partnerships.

This discussion has national implications. More than 200,000 cybersecurity jobs in the United States are unfilled, leaving a significant gap. And eighty-four percent of employers nationwide believe less than half of cybersecurity applicants are qualified for the position. Therefore, the pipeline of future engineers must receive the trainings and experiences needed to address the skills the field requires.  

“With experiences like those offered at the National Collegiate Cyber Defense Competition, you all are starting to be in the position to solve our most critical cyber challenges,” said Wajsgras.

Following the Governor’s remarks, Wajsgras outlined the path ahead for the field of cybersecurity, emphasizing the role for states to facilitate connections between businesses and universities—and support outreach to businesses to expose their awareness around cyber threats.

Delegate Murphy also noted current efforts underway to support this work in the Virginia House of Delegates, but acknowledged the need for input.

“In the House [of Delegates], we need to figure out what we’re able to do at a state level for challenges that we don’t even know will happen—and then need to figure out how to transfer that to legislation,” said Murphy. “There is a critical opening here and we need to ensure we’re addressing it correctly.”

The winning student team, Governor, and Delegate Murphy also received a tour of Raytheon’s cutting-edge CODE (Cyber Operations Development and Evaluation) Center, exploring the latest innovations used to fend off cyber threats and hacks—critical for an increasing number of organizations across sectors.

Even at UVA’s School of Engineering, more than 1,000 students have trained in secure coding and safe computer usage in a “Defense Against the Dark Arts” course since its inception in 2007.  Many of those students have gone on to work in the field in industry and government agencies. In fact, the school has added faculty over the past decade to accommodate the rapid expansion of computing majors.

The visit with the governor represented just one stop on a week-long NCCDC Winner’s Tour, which is sponsored by Raytheon as an opportunity for these future, leading professionals to explore the cybersecurity possibilities in military, government and business. The tour also includes stops for the UVA students at the White House, Pentagon, Department of Homeland Security and CIA.

# # #

About UVA Engineering: As part of the top-ranked, comprehensive University of Virginia, UVA Engineering is one of the nation’s oldest and most respected engineering schools. Outstanding students and faculty from around the world choose UVA Engineering because of our growing and internationally recognized education and research programs, focused on developing interdisciplinary solutions to global challenges. Our mission is to make the world a better place by creating and disseminating knowledge and by preparing future engineering leaders. Learn more at engineering.virginia.edu.

About Raytheon: Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government, and cybersecurity solutions. With a history of innovation spanning 96 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I™ products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter.

Attachments

CONTACT: Elizabeth Thiel Mather
University of Virginia School of Engineering
434-924-1381
emather@virginia.edu

Jennifer Griffith
Raytheon
571-250-2813
Jennifer.M.Griffith@raytheon.com


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ビスタジェット、2018年上半期にメンバー数が32%伸び、フライト回数の記録を刷新

Jul 12, 2018

ビスタジェット、2018年上半期にメンバー数が32%伸び、フライト回数の記録を刷新

2018630日までの上半期の主要実績

  • 新しい「プログラム」メンバー数32%増加
  • フライトの収入27%増加
  • フライト時間27%増加
  • 世界のフライトで北米が占めた割合は25%
  • 優れたサービスにより、メンバー更新が33%アップ

ロンドン発, July 12, 2018 (GLOBE NEWSWIRE) — 世界初かつ唯一のグローバル航空会社であるビスタジェット (VistaJet) は、2018年上半期に世界中で大きなマーケットシェア獲得を継続した。同社の代表的「プログラム (Program) 」サブスクリプションモデルに対する需要が持続したことで、新規メンバー数は前年比で32%伸び、欧州では昨年同期と比較して新規契約数が倍増した。優れたサービスを重視する同社の姿勢により、契約更新によるフライト時間は33%成長し、最高記録を達成した。

評判の高いグローバルな網羅と独特なフライト時間サブスクリプションモデルに加えて、2018年にビスタジェットでは旅客サービスを革新するために更なる投資を行った。ビスタジェットの顧客の趣味に合わせた新しい「プログラム」提案では、クリスティーズ (Christie’s) やブリティッシュ・ポロ・デイ (British Polo Day) などの芸術界やスポーツ界の世界的なリーディングパートナーと重要なパートナーシップを結び、また、プライベート航空業界で最も多様な子供向けトラベラープログラムも導入した。

ビスタジェットでは、抜群のサービス、72機の完全同一ブランドのグローバルな航空機フリート、多様で幅の広い顧客ベースにより、世界中の各地域でさらに高まりつつある需要に応えることができた。2018年上半期に、同社のフライト収入、フライト時間、フライト回数が27%伸びた。この拡張は北米で特に顕著であり、世界の合計飛行時間の25%を占めた。

ビスタジェットの世界全体の旅客数も伸び、2018年上半期に世界中で30,000人以上の顧客を輸送し、昨年同期比で23%伸びた。長距離の大陸間路線の需要が高まったことで、平均フライト時間も伸びた。このトレンドは本年下半期にさらに強まると予想される。

本日発表された結果も、個人や企業がビジネス航空の便宜・快適さや利点を妥協せずに、フライトコストの節減やアセットリスク削減への取り組みの一環として航空機所有を避けるという、フライト利用のグローバルな傾向を再実証している。ビスタジェットは、マルタの企業として初めて、そして欧州で5番目の「ユニコーン企業」として、価値査定が25億ドル (約2,800億円) を超えている。同社は、グローバルな網羅、一貫した抜群の品質、最大の効率を提供することで、マーケットシェアをより拡大していくために良い立場に位置している。

ビスタジェットの創業者兼会長、トマス・フロール (Thomas Flohr) は次のように述べている。
「2017年は当社で史上最強の年度となりましたが、2018年上半期でも素晴らしい成長を実現することができました。当社の事業は引き続き成長を続け、世界全域で需要に応えるために、当社の提案を調整する能力も維持しています。当社独自の航空機フリートとテクノロジープラットフォームを駆使して市場をリードし、新しい機会を活用するために理想的な立場を固めることができました。全対象市場でナンバーワン企業になることを重視しており、今年下半期もその目標に向けて急速に躍進していける見込みです。」

* 本リリースの記述は本リリースの日付の情報のみに基づいており、2018年度半期の同社の財務結果やポジションについての包括的な記述ではなく、独立した登録会計事務所によって監査、確認、編纂されたものではない。そのため、本リリースに記載されている財務情報は仮の未監査の情報であり、同社の締めおよび監査手順が完了したときに改訂される場合がある。同社では、法律によって開示が義務づけられている情報以外は、本書に記載されている一切の情報を更新する義務を負わない。

詳細情報
ジェニファー・ファーカー (Jennifer Farquhar) | ビスタジェット (VistaJet) | TEL: +44 203 617 3077 | jennifer.farquhar@vistajet.com

ビスタジェットについて
ビスタジェット (VistaJet) は、世界初、世界唯一の真にグローバルな航空会社である。銀色に赤線を配したビジネスジェット70機以上を駆使して世界の96%を網羅し、法人顧客、各国政府顧客、個人顧客を世界187ヶ国間で輸送している。2004年にトマス・フロール (Thomas Flohr) が創業した同社は、航空機所有に関連する責任やアセットリスクを伴わずに同社フリートの全機材にアクセス可能でありながら、利用時間のみに対して料金を支払うという画期的なビジネスモデルを開拓した。ビスタジェットの代表的プログラム、「プログラム (Program) 」のメンバーシップでは、中距離・長距離ジェット機のフライト時間を購入すれば、いつでもどこでもフライトを利用できる。業界初のエンドツーエンドの予約アプリまたは24時間年中無休のグローバルチーム経由で、1回だけの直行便フライトを要請することも可能である。
ビスタジェットの詳細情報やニュースについては、vistajet.comを参照のこと。

この発表に付随する写真は以下から入手可能である。http://www.globenewswire.com/NewsRoom/AttachmentNg/3db3418c-1290-46ee-a2a8-42cdbcde9a83


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비스타젯, 2018년 상반기 회원 수 32% 증가에 힘입어 높은 취항 건수 기록

Jul 12, 2018

비스타젯, 2018년 상반기 회원 수 32% 증가에 힘입어 높은 취항 건수 기록

2018 6 30 마감된 상반기 주요 실적:

  • 신규 프로그램 가입 회원 32% 증가
  • 비행 매출 27% 증가
  • 비행 시간 27% 증가
  • 글로벌 운항의 25% 북미 지역에서 발생
  • 우수한 서비스 품질이 33% 멤버십 갱신율 성장세로 이어져

영국 런던, July 12, 2018 (GLOBE NEWSWIRE) — 업계 최초이자 유일한 글로벌 비즈니스용 항공기 운영사 비스타젯(VistaJet)이 2018년 1분기에 전세계 시장 점유율을 크게 끌어올린 것으로 나타났다. 비스타젯의 플래그십 프로그램 구독형 모델이 꾸준히 높은 수요를 기록하면서 신규 회원 수가 지난해 대비 32% 증가했고, 특히 유럽에서 지난해 동기 대비 신규 계약 건수가 2배 가까이 뛰었다. 우수한 서비스를 제공하기 위해 노력한 결과 멤버십 갱신율도 33% 늘었다.

2018년 비스타젯은 글로벌 커버리지와 유일무이한 비행 서비스 구독형 모델을 바탕으로 승객들을 위한 서비스 혁신에 적극 투자하고 있다. 비스타젯의 새로운 프로그램 서비스는 고객들의 마음을 사로잡도록 설계되었고, Christie’s와 British Polo Day 등 예술과 스포츠 분야에서 내로라 하는 회사들과의 파트너십으로 운영되며, 어린이 고객을 위한 광범위한 전용기 비행 프로그램도 새로 추가되었다.

비스타젯은 비교 불가한 서비스, 동일 브랜드가 적용된 항공기 72대로 이뤄진 글로벌 항공 선단, 다양하고 넓은 고객 기반에 힘입어 세계 각 지역에서 자라나는 수요에 부응하고 있다. 2018년 상반기 비행 매출과 시간, 취항 건수가 27% 가량 성장했다. 특히 전체 비행 시간의 25%가 북미에서 발생해 북미 시장에서의 확장세가 두드러졌다.

글로벌 승객 수 또한 증가해 2018년 1분기 동안 전세계 고객 3만 명 이상이 비스타젯을 이용한 것으로 나타났고, 지난해 동기 대비 23%의 성장률을 기록했다. 장기 비행 수요와 대륙 간 운항 빈도 수가 늘면서 평균 비행 시간 또한 증가했다. 이러한 흐름은 올해 하반기에도 이어질 전망이다.

이번에 발표된 실적 결과는 비행에 대한 개인과 기업 고객 선호도가 전세계적으로 변하고 있음을 또 한 번 보여준다. 소비자들은 기존의 비즈니스 항공기가 제공하는 편리, 혜택, 편안함을 포기하지 않으면서 비행 경비와 자산 리스크를 줄이고 싶어 하기 때문에, 갈수록 항공기 소유를 꺼리고 있다. 25억 달러가 넘는 주식가치를 인정받고 몰타 최고이자 유럽 5대 유니콘 기업이 된 비스타젯은, 글로벌 커버리지, 비교 불가한 서비스 품질, 최고 수준의 효율성을 제공함으로써, 시장 점유율을 더욱 끌어올릴 잠재력을 지닌 회사로 자리매김했다.

토마스 플로어(Thomas Flohr) 비스타젯 창립자 겸 회장은 다음과 같이 말했다.:
“2017 최고 성적을 이어 2018 인상적인 성장세로 출발했다. 앞으로도 사업 전반에서 지속가능한 성장이 예상되며, 전세계 모든 지역에서 발생하는 수요에 부응할 있게 서비스 역량을 유지할 것이다. 우리는 우리만의 플릿과 기술 플랫폼을 이용해 완벽히 시장을 선도하고 새로운 기회를 포착할 있다. 현재 진출한 모든 시장에서 1 기업이 되는 것을 목표로 하며, 올해 남은 기간 동안 목표를 달성하고자 더욱 속도를 것이다.”

*본 보도자료에 명시된 진술은 보도자료 배포일 기준으로 확인 가능한 정보에 전적으로 의존한 것으로, 2018년 상반기 비스타젯의 재무실적 및 포지션에 대한 종합적 진술로 볼 수 없으며, 독립된 공인회계사의 감사, 검토, 수집 절차를 거치지 않았다. 따라서 본 보도자료에 포함된 재무정보는 감사 이전의 예비적 성격을 띠며, 비스타젯의 결산 및 회계감사 과정 마무리에 따라 수정될 수 있다. 비스타젯은 법적으로 공개해야 하는 정보를 제외하고, 여기에 포함된 정보를 추후 업데이트할 어떠한 의무도 지지 않는다.

연락처 정보:
Jennifer Farquhar | VistaJet | T: +44 203 617 3077 | jennifer.farquhar@vistajet.com

VistaJet 소개
비스타젯은 업계 최초이자 유일한 글로벌 비즈니스용 항공기 운영사다. 당사는 실버 및 레드 비즈니스 제트기 70여대를 보유하고 있고, 187개국 기업, 정부 및 개인 고객에게 항공편 서비스를 제공해 왔다. 토마스 플로어(Thomas Flohr)가 2004년에 설립한 비스타젯은 고객이 비행하는 시간에 대해서만 요금을 지불하고 항공기 보유와 관련된 책임 및 자산 위험을 부담시키지 않는 혁신적인 비즈니스 모델을 개척했다. 비스타젯의 시그니처인 ‘프로그램 서비스’는 언제 어디서나 중거리 및 장거리 항공기를 이용할 수 있는 맞춤형 항공편 시간 가입 서비스를 고객에게 제공한다. 고객들은 업계 최초인 엔드투엔드 예약앱이나 24시간 근무하는 비스타젯 글로벌 팀을 통해 1회성 이용 서비스를 신청할 수도 있다.

비스타젯과 관련된 정보와 최근 소식은 홈페이지(vistajet.com)에서 확인할 수 있다.

본 보도자료와 관련된 사진 자료는 다음 링크에서 확인할 수 있다.: http://www.globenewswire.com/NewsRoom/AttachmentNg/3db3418c-1290-46ee-a2a8-42cdbcde9a83


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Woodward Schedules Fiscal 2018 Third Quarter Earnings Release and Conference Call

Jul 11, 2018

Woodward Schedules Fiscal 2018 Third Quarter Earnings Release and Conference Call

FORT COLLINS, Colo., July 11, 2018 (GLOBE NEWSWIRE) — Woodward, Inc. (NASDAQ:WWD) announced today that it expects to report its fiscal 2018 third quarter financial results at approximately 4:00 p.m. EDT on Monday, July 30, 2018. A news release will be issued at that time and a conference call will be held at 4:30 p.m. EDT.

During the conference call, the company will provide an overview of its business and financial performance. You are invited to listen to the call live via the company’s website, www.woodward.com, on July 30, 2018. The call and presentation will be available on the website by selecting “Investors/Calendar of Events” from the menu, and will remain accessible on the company’s website for 14 days. 

You may also listen to the call by dialing 1-877-231-2582 (domestic) or 1-478-219-0714 (international). Participants should call prior to the start time to allow for registration; the Conference ID is 84310210. An audio replay will be available by telephone from 7:30 p.m. EDT on July 30 until 11:59 p.m. EDT on August 13, 2018. The telephone number to access the replay is 1-855-859-2056 (domestic) or 1-404-537-3406 (international); reference Conference ID 84310210.

About Woodward, Inc.

Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company’s innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com, and connect with us at www.facebook.com/woodwardinc.

Notice Regarding Forward-Looking Statements

This release contains statements that reflect current expectations and are forward-looking statements involving risks and uncertainties. Actual results could differ from these forward-looking statements and we have no obligation to update our forward-looking statements. Factors that could cause actual results to differ from forward-looking statements are described in Woodward’s Annual Report on Form 10-K for the year ended September 30, 2017 and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:

Don Guzzardo
Corporate Director Investor Relations, Treasury & Risk Management
970-498-3580
Don.Guzzardo@Woodward.com 


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Growing and Growing… More Caribbean Routes Added to Spirit’s Growing International Network

Jul 11, 2018

Growing and Growing… More Caribbean Routes Added to Spirit’s Growing International Network

MIRAMAR, Fla., July 11, 2018 (GLOBE NEWSWIRE) — Just when the winter chill will be ready to take hold, here come more options for a warm tropical escape with Spirit Airlines (NYSE:SAVE). Beginning November 8, 2018, Spirit will start daily nonstop service from Newark Liberty International Airport (EWR) to Las Américas International Airport (SDQ) in Santo Domingo, Dominican Republic*.  On December 20, Spirit will grow again and begin nonstop seasonal service between Detroit Metro Airport (DTW) and Sangster International Airport (MJB) in Montego Bay, Jamaica* running three times weekly.  The additions offer affordable fares for travel to stay connected with family or for fun getaways in the exotic Caribbean.

The expansion announcement will mark the first direct international service from Newark for Spirit and will serve as a direct connection for friends and relatives living in both the Tri-State area and the Dominican Republic.  Meanwhile, Detroit’s new service to Montego Bay will complement existing international service from the Motor City to Cancun, Mexico.  Both new routes will strengthen Spirit’s growing network.  In June, Spirit announced it was launching nearly a dozen new routes from Orlando, Florida to Latin America and the Caribbean.

“We are so excited to offer both the Newark and Detroit areas low fares to some of the most wonderful countries in the world,” said Mark Kopczak, Spirit Airlines’ Vice President of Network Planning.  “Both Jamaica and the Dominican Republic are known for their hospitality and beauty and are incredible options for winter vacations or family reunions.  Spirit continues to prove itself as a go-to airline for quality affordable service to the Caribbean and Latin America.”

Newark (EWR) to/fromStarts:Frequency:
Santo Domingo, Dominican Republic (SDQ)*November 8Daily, year-round
Detroit (DTW) to/from  
Montego Bay, Jamaica (MBJ)*December 203x weekly, seasonal
Cancun, Mexico (CUN)Existing serviceUp to Daily, year-round

With Spirit’s expanding network, the airline continues to improve on its on-time performance and Guest satisfaction, while building upon its larger commitment to invest in the Guest experience.  The airline recently announced state-of-the-art high-speed Wi-Fi connectivity will be installed on its entire fleet by summer of 2019.  Recent Department of Transportation data shows Spirit Airlines among the top carriers for on-time performance and baggage handling.  Guests can learn more about Spirit’s pledge to keep improving at InvestInTheGuest.com. To check out Spirit’s super low fares and vacation packages head to spirit.com, and don’t forget to sign up to receive alerts on Spirit’s email deals and special offers.

About Spirit Airlines:
Spirit Airlines (NYSE:SAVE) is committed to offering the lowest total price to the places we fly, on average more than 30% lower than other airlines†.  Our customers start with an unbundled Bare Fare™ and get Frill Control™ which allows them to pay only for the options they choose — like bags, seat assignments and refreshments — the things other airlines bake right into their ticket prices. We help people save money and travel more often, create new jobs and stimulate business growth in the communities we serve. Our Fit Fleet is one of the youngest and most fuel-efficient in the U.S.  We operate more than 500 daily flights to 67 destinations in the U.S., Latin America and the Caribbean. Come save with us at spirit.com.

*Subject to government approval.
†Based on data from the Department of Transportation and verified by an independent service.

CONTACT: Contact:
Derek Dombrowski
(305) 916-6065
derek.dombrowski@spirit.com

En Español: 
Manuel Jaquez
(954) 471-3686
manuel.jaquez@spirit.com


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VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

Jul 11, 2018

VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

Key highlights for half year ending 30 June 2018:

  • New Program members up 32%
  • Flight revenue up 27%
  • Flight hours increase 27%
  • North America accounts for 25% of global flights
  • Service excellence drives Member renewals up 33%

LONDON, July 11, 2018 (GLOBE NEWSWIRE) —  VistaJet, the first and only global business aviation company, continued to gain substantial market share around the world during the first half of 2018. Driven by the sustained demand for the Company’s flagship Program subscription model, new Members rose by 32% year-on-year, with Europe doubling the number of new contracts against the same period last year. Renewal hours recorded a growth of 33%, propelled by the Company’s focus on service excellence.

Adding to its renowned global coverage and unique flight-hour subscription model, in 2018 VistaJet has further invested on service innovation for its passengers. The new Program offering, designed around VistaJet customers’ passions, encompassed key partnerships with world leading art and sport partners such as Christie’s and British Polo Day, as well as the launch of the most extensive traveler’s program for children in private aviation.

Unparalleled service, a global fleet of 72 identically branded aircraft and a diverse and broad customer base has allowed VistaJet to capture increasing demand from each region of the world. In the first half of 2018 the Company saw growth in flight revenue, flight hours and number of flights by 27%. North America spearheaded this expansion, accounting for 25% of total global hours flown.

Global passenger numbers also increased and in the 1H 2018 VistaJet flew over 30,000 clients around the world, a 23% growth against the same period last year. Average flight times rose, as demand for longer, intercontinental routes intensified – a trend expected to increase further over the second half of the year.

Today’s results yet again demonstrate the global shift in flying preferences for individuals and corporations, who are moving away from aircraft ownership as they look to reduce flight costs and asset risks, without compromising on the convenience, benefits and comfort of business aviation. With an equity valuation in excess of $2.5 billion, establishing the Company as Malta’s first unicorn and fifth in Europe, VistaJet is well positioned to take even more market share by offering global coverage, consistent unparalleled quality and maximum efficiency.

Thomas Flohr, VistaJet’s Founder and Chairman, said:
“2017 was our strongest ever year and we started 2018 with an impressive acceleration. We continue to see sustainable growth across our business and retain the ability to adapt our offer to meet demand in every region around the globe. Our unique fleet and technology platform ideally places us to lead the market and seize new opportunities. We are committed to becoming the number one player in every market in which we operate, and we are on course to progress quickly towards our goal over the remainder of the year.”

* Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Company´s financial results or positions as of or for the 2018 half year, and have not been audited, reviewed, or compiled by independent registered accounting firm. Therefore, the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Company’s closing and audit processes. The Company assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.

Information :
Jennifer Farquhar | VistaJet | T: +44 203 617 3077 | jennifer.farquhar@vistajet.com

About VistaJet
VistaJet is the first and only global aviation company. On its fleet of over 70 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere. Customers can also request Direct one-off flights through the industry’s first end-to-end booking app or a 24/7 global team.  
More VistaJet information and news at vistajet.com.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3db3418c-1290-46ee-a2a8-42cdbcde9a83


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Air Unlimited Expands Giving Consumers New Travel Options and World-Class Experiences

Jul 10, 2018

Air Unlimited Expands Giving Consumers New Travel Options and World-Class Experiences

Private luxury airline company adds new plane, extended hangar and easy-to-use check-in desk in the Bahamas

ORLANDO, Fla., July 10, 2018 (GLOBE NEWSWIRE) — Air Unlimited, a private flight company offering charter travel and daily airline service to the Bahamas, announces its largest expansion to date with the addition of a new WiFi-equipped business jet, extended hangar and easy-to-use check-in desk located on the island for quick and elite service. The company doubled its office and hangar space to nearly 20,000 square feet inside the Orlando Sanford International Airport. It also increased its workforce by nearly 20-percent.

This expansion comes after the company doubled the number of passengers flying with them from 2016 to 2017. The company projects similar growth this year and beyond, and is set to celebrate its fifth anniversary in business this fall. While flying with Air Unlimited, guests experience outstanding service, friendly staff, a speedy check-in process, free baggage (up to 40 lbs.) and free parking on both island travel service and charter flights, making it an enjoyable experience for all travelers.

Paving the way for new travel options and world-class experiences, this expansion offers more charter flight services to guests with the addition of a Cessna Citation CJ3, a top-notch business jet, to its fleet. The CJ3 features a spacious cabin that can seat up to nine passengers. The addition of the CJ3 to the Air Unlimited fleet brings a significant first for the company: offering WiFi at an optional charge, allowing passengers to stay connected while in the air. Air Unlimited’s private charters offer quick, convenient flights with pick-up and drop-off anywhere in the U.S.

“The CJ3’s WiFi capability is a big step forward in keeping up with the latest trends in air travel and staying competitive with commercial and private flight companies,” said Mark Neubauer, co-founder and principal of Air Unlimited. “Ultimately, our passengers choose us because they love the enjoyable, hassle-free experience our charter and airline flights offer.”

In addition to an expanded fleet, the company unveils a second hangar at its headquarters at the Orlando Sanford International Airport. The hangar will serve as a new hub for maintenance work, away from the check-in and loading areas. Now, guests can enjoy a spacious and uninterrupted loading zone in Air Unlimited’s exclusive service hangar, dedicated to providing an enjoyable flight experience for passengers.

Guests flying round-trip with Air Unlimited to Marsh Harbour will find a smoother check-in experience on their flight back to the U.S. with a new check-in desk at the Leonard M. Thompson International Airport. The added desk offers guests faster customs processing, a larger air-conditioned waiting area and a VIP lounge accessible with membership.

“We pride ourselves on treating our guests like family, and we owe our success to them,” said Charles “Chick” Gregg, co-founder and principal of Air Unlimited. “This expansion will allow us to continue to go above and beyond to give guests a stress-free travel experience with the best quality service we can provide.”

For more information about Air Unlimited or to book a trip, visit www.flyairunlimited.com. Follow Air Unlimited on Facebook, LinkedIn, Instagram and Twitter for news and flight details.

About Air Unlimited
Based out of the Orlando-Sanford International Airport, Air Unlimited is a private luxury air service that specializes in affordable, daily island flights and private aircraft charters. Featured destinations for the daily island service are Treasure Cay and Marsh Harbour in the Abaco Islands of the Bahamas. Air Unlimited offers bookings up to 24 hours before island flights, along with charter services offering luxury flights to many destinations.

Press Contact
Vanessa de la Viña
Uproar PR for Air Unlimited
vdelavina@uproarpr.com
321.236.0102 ext. 230


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Air Lease Corporation Activity Update for the Second Quarter of 2018

Jul 10, 2018

Air Lease Corporation Activity Update for the Second Quarter of 2018

LOS ANGELES, July 10, 2018 (GLOBE NEWSWIRE) — Today Air Lease Corporation (NYSE:AL) (“ALC”) announced an update on activity taking place in the second quarter of 2018:

As of June 30, 2018, ALC’s fleet was comprised of 271 owned aircraft and 49 managed aircraft, with commitments to acquire a total of 358 new aircraft for delivery through 2023.

ALC purchased 18 aircraft during the second quarter of 2018

  • 14 new aircraft delivered from ALC’s orderbook including 6 Boeing 737 MAX 8s, 3 Boeing 787-9s, 3 Airbus A321neos and 2 Airbus A350-900s
  • 4 incremental, young Airbus A321-200s which were leased to an existing ALC customer

Timing of orderbook deliveries and incremental aircraft purchases

  • Approximately half of the quarter’s orderbook deliveries and incremental purchases occurred in the last two weeks of June

Sales

  • No aircraft sales took place in the second quarter

Financing

  • Issued $500 million of 3.875% unsecured senior notes due 2023
  • Amended and extended 4-year unsecured revolving credit facility increasing total revolving commitments to $4.5 billion across 50 financial institutions   

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE:AL)
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.  ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions.  For more information, visit ALC’s website at www.airleasecorp.com.

Investors:  Media:
Mary Liz DePalma  Laura Woeste
Assistant Vice President, Investor Relations  Manager, Media and Investor Relations
Email: mdepalma@airleasecorp.com   Email: lwoeste@airleasecorp.com

 


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Airbus Selects Cority™ to Streamline Global EHS Operations

Jul 9, 2018

Airbus Selects Cority™ to Streamline Global EHS Operations

International aerospace pioneer to implement enterprise-wide deployment of Cority’s integrated SaaS solution for Safety, Environmental, Occupational Health, Industrial Hygiene, and Ergonomics

Birmingham, UK, July 09, 2018 (GLOBE NEWSWIRE) — Cority proudly announces it has been awarded the contract to provide its award-winning, integrated Environmental, Health, and Safety platform to Airbus, a global pioneer in the aerospace industry, operating in the commercial aircraft, helicopters, defence and space sectors. The Company is a leader in designing, manufacturing and delivering aerospace products, services and solutions to customers on a worldwide scale.

Airbus has recently introduced an innovative strategic project to harmonise EHS management by implementing a global digital platform, called FISH (Federated Information for Safety and Health). FISH will leverage Cority’s comprehensive solution across its 180 global locations – replacing existing point solutions. Spearheaded by Gregory Mould, Airbus Head of Health and Safety, this is a wide-reaching initiative to support all levels of the organization and prepare Airbus for the digital revolution in EHS risk management.

Airbus selected Cority to provide the FISH solution after an extensive evaluation of multiple EHS software vendors. The multi-function selection team were convinced by the robust data security, purpose-built workflows, and advanced reporting capabilities, as well as the passion, customer focus and tenacity of the Cority experts.

Cority now forms the foundation of the FISH platform and will enable an integrated approach to EHS management for Airbus, providing a holistic view of EHS performance across all departments, sites, and countries. As well as the EHS specialists, the company’s operational managers will use Cority, driving operational excellence and compliance by streamlining core processes to reduce risk to people, the environment, and the business.   

“At Airbus, we are fully committed – from the Executives to the teams around the globe – to providing world-class occupational health and safety standards for those who make, maintain and operate our products,” said Gregory Mould. “This single solution will help us deliver accurate analysis, clear reporting, and proactive risk mitigation, to continuously improve worker health and environmental protection. We chose Cority because their solution fully integrates environment, health, and safety, has huge functionality and multilingual capability, and is backed up by their firm commitment to continue to evolve the technology with our EHS goals in mind.”

“Under Greg’s strong strategic leadership, Airbus is breaking new ground in operational excellence and total worker health. We’re proud to stand with Airbus in supporting its environmental and workplace health and safety initiatives,” said Mike Jackson, Senior Director, International Markets, Cority. “Airbus has demonstrated unwavering industry leadership in understanding how strong EHS performance translates into business success and we look forward to working closely with them on enabling their Federated Information for Safety and Health strategy.”

To learn more about how leading organizations like Airbus are using Cority, visit www.cority.com

About Airbus
Airbus is a global leader in aeronautics, space and related services. In 2017 it generated revenues of € 59 billion restated for IFRS 15 and employed a workforce of around 129,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

About Cority
Cority (formerly Medgate) is the most trusted environmental, health, safety, and quality (EHSQ) software for assuring client success. Cority enables organizations to utilize EHSQ software to advance their journey to sustainability and operational excellence by combining the deepest domain expertise with the most comprehensive and secure SaaS platform. With 30+ years of innovation and experience, Cority’s team of over 300 experts serve more than 800 clients in 70 countries, supporting millions of end users. The company enjoys the industry’s highest levels of client satisfaction and has received many awards for its product, strong employee culture and outstanding business performance.

CONTACT: Emily Armstrong
Cority Software Inc.
+44 (0)121 794 0952
emily.armstrong@cority.com


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