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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aerobox | LSE:ARX | London | Ordinary Share | GB0032654427 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.47 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9277S AeroBox plc 20 October 2005 20 October 2005 Aerobox plc Long Term Supply Agreement AeroBox Composite Structures ("ACS"), the US subsidiary of Aerobox plc has agreed to a 5 year supply contract to supply the AeroBox AKE-SLD (solid bifold door) for use by a Middle East airline. The contract has a minimum value of US$6 million and ACS will deliver ULDs with a minimum value of US$1.2 million in the first half of each calendar year. Ray Gibbs, Group Managing Director said: "This long term contract is an important milestone for the company and we hope it is the first in a number of such longer term supply agreements. The solid bi fold door model is specifically targeted at the Middle East and Asian markets. Significantly this order is at more commercial margins than previously achieved. Coupled with our recent contract wins with American Airlines and Virgin this confirms our position as a major supplier of ULDs to the airline industry. Due to commercial sensitivities surrounding this contract we are prevented from disclosing the identity of the buyer of these boxes." Enquiries: Ray Gibbs, Group Managing Director, AeroBox plc +44 207 929 5599 David Bick 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 60,000 flights in commercial airlines around the globe, with less than 100 reported repairs. This information is provided by RNS The company news service from the London Stock Exchange END AGRFELFFSSISESS
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