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2017-02-07

AVTECH Sweden AB: AVTECH and easyJet agree on a way forward for Aventus NowCast

AVTECH Sweden AB (publ) ("AVTECH", the "Company") today announces that
the technical reasons obstructing the contracted evaluation of
Aventus NowCast have been identified and joint efforts from both
companies to resolve the situation have been agreed upon. The
finalization of the delayed analysis of flight recorder data is
expected to be completed in the near future.

EasyJet has also shown a great interest to become the launch customer
for the "turbulence warning" part of the new Aventus NowCast SIGMA
product offering. SIGMA, a result of the recent cooperation with the
Met Office (UK), is a high-quality service that presents tailored
weather hazards information (such as Icing, Turbulence, Volcanic ash,
etc) to the aircraft in real-time. After a successful trial, plan to
be starting in the first part of April 2017, this additional service
can be added to the existing Aventus NowCast contract.

For more information, please contact
Christer Fehrling, CEO, +46 (0) 8 544 104 80
Sören Skog, Key Account Manager, +46 (0) 8 544 104 80

About Aventus NowCast
The Aventus NowCast™ system is a unique and patented system that
enables accurate wind information and/or 4-Dimensional Trajectories
for flights, making use of the very best in atmospheric modeling
combined with weather information to create high resolution wind
models and wind data packages for the different segments of a flight;
a so called NowCast. Data packages are uplinked to aircrafts to
enable the onboard Flight Management Systems (FMS) to accurately
calculate an optimized flight profile and an accurate time when each
waypoint of a flight will be reached. The immediate benefits of
Aventus NowCast™ are airline fuel- and CO2savings, i.e. the solution
is highly environmentally friendly. It is also imperative for
Time-based operations in aviation, which is an area where Aventus
NowCast™ provides an even larger overall financial and environmental
benefits through the provision of increased efficiency and
punctuality of individual flights.

About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital Air Traffic
Management (ATM). Its customers include the global aviation industry;
e.g. airlines, airports, aviation authorities, technology companies
and airline manufacturers. By using AVTECH's products and services,
each individual flight as well as the entire airline operation can be
optimized in terms of cost, noise and emission, efficiency,
punctuality and safety. The head office is in Stockholm, Sweden with
subsidiaries in Toulouse, France and an associated company in Dubai,
U.A.E. AVTECH Sweden AB is listed on NASDAQ OMX First North and has
appointed Redeye AB, tel: +46 8 545 013 30, as Certified Adviser.

This information is information that Avtech Sweden AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of
the contact persons set out above, at 18:30 CEST on February 07,
2017.

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http://news.cision.com/avtech-sweden-ab/r/avtech-and-easyjet-agree-on-a-...
http://mb.cision.com/Main/106/2182613/625085.pdf

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