GEDERA,Israel, May 24, 2010. TAT Technologies
Ltd. (Nasdaq: TATT - News), a leading provider of services and products to the commercial and military aerospace and ground defense industries, today
announced that Cirrus Aircraft Inc. (Cirrus) has issued a letter of intent designating TAT as the preferred supplier of heat exchangers for Bleed Air
Supply System and Ice Protection System onboard the new Cirrus Aircraft SF 50 Vision Jet. The parties will now begin the formalization of a Supply Agreement as well as the next phase of integrating TAT's Heat Exchangers into the Cirrus SF 50 Vision Jet systems. The program is estimated at
TAT's President and CEO, Dr. Shmuel Fledel, commented: "the notification by Cirrus demonstrates that TAT's aggressive marketing efforts have resulted in enlarging its customer base as well as its leading position in the aviation industry and its advanced capabilities as Original Equipment Manufacturer for Heat Management Solutions. It is also demonstrates the reliability and trust between TAT and its customers. TAT is proud to partner with a new prestigious and leading customer such as Cirrus. This awards notification is aligned with TAT's strategy to increase volume of new long-term programs with manufacturers of aviation systems and aircrafts.
Cirrus is the world's leading innovator of single-engine, piston-powered aircraft. Cirrus design began in 1984 as a kit airplane design and manufacturing company in Baraboo, Wisconsin. Its first airplane, the VK-30, became an inspiration for developing technologically advanced production aircraft. For the last five years Cirrus SR22 has been the world's best selling airplane in its class. The new Cirrus SF50 is Cirrus's new innovative aircraft.
TAT Technologies LTD is a leading provider of services and products to the commercial and military aerospace and ground defense industries. For more information of TAT Technologies, please visit web-site: www.tat-technologies.com
