Adacel to Continue Software Support for Industry Leader.
Continued industry leadership and entry to new market segments put company in good position to address expected market growth over short to medium term.
Latest improvement allows for enhanced communications and radar functionality.
The company returned to profitability with an after-tax profit of $4.9 million and generated stronger cash flows.
Strong profits and cash flow, improved operating costs, continued market leadership in key segments, new products and services leverage Adacel's core technologies.
With this addition to the 6 previously installed full-sized MaxSim 270 simulators, there now are a total of 32 Adacel ATC tower simulation systems in use by ENAV.
New agreement will upgrade and expand the 360-degree tower simulator at critical FAA research and development center.
Adacel is integrating DynaSpeak into aviation applications developed for pilots, crewmembers, mission specialists and unmanned aerial vehicle (UAV) operators.
The Seaport-e ID/IQ provides support services for all phases of Weapon Systems acquisition and life cycle support.
Industry veteran Marcus P. Stevens joins the Company to solidify and grow nationwide sales effort.
FAA’s ERAM program – designed and implemented by Lockheed Martin – replaces existing US En Route air traffic control automation systems and infrastructure.
Company Also Awarded Five Year Contract Extension for Site Support.
New Contract Extends Company’s Advanced Aviation Simulation and Training Activities.
Adacel Technologies Limited has reported a return to profitability and strong cash inflows from operations for the 12 months to 30 June 2006.
Mr. Salom will continue as a Director and will continue to work with the Board on the strategic development of the company.
With the current contract modification, the USMC will purchase four (4) additional systems.
Based on the steps taken over the past two years, the company remains cautiously optimistic for continued improvement in group performance during the remainder of the financial year.
Under the latest order, which follows an earlier contract from 2005, Adacel will supply tactical military simulation tools.
GAVTC has received funding from the state of Georgia to expand their aviation department to include an air traffic control program.
The latest honor comes from Kerrigan Media International and Military Training Technology magazine.
Midwest ATC Services to Receive PAR Simulator.
Management efforts during the year were on consolidating the group’s operations following the restructuring of 2004. The company continued to focus on the North American based global aviation and defence simulation and control operations.
