AVTECH and Southwest Airlines enters into contract for full network implementation of Aventus NowCast

| Source: Avtech Sweden AB
AVTECH Sweden AB (publ) (“AVTECH”) and Southwest Airlines (“SWA”), the largest
carrier in the US in terms of originating domestic passengers boarded, operating
the largest fleet of Boeing aircraft in the world, today announces that the
companies have entered into a commercial agreement for a network implementation
of AVTECH’s Aventus NowCast Descent offering (“Aventus”). Aventus, which uses
superior winds forecasting from Panasonic Avionics Corporation’s TAMDAR-enhanced
atmospheric models, will be implemented for all SWA’s 96 destinations involving
approximately 94 000 flights a month. Service delivery will be managed through
an AVTECH-owned server park in Orlando (US), which is collocated with Panasonic
in order to streamline Panasonic’s provision of weather data into the system.
The contract has a duration of five years, with an undisclosed contract value
due to contractual confidentiality and competitive reasons. Implementation will
be executed in batches grouped by airport locations, starting late Q3 2014,
ending Q4 2014.

“The signing of a commercial contract with Southwest Airlines represents a major
milestone in the history of AVTECH, and it is with great pride that we today
announce Southwest as the first major and network-wide customer of Aventus”,
says Christer Staaf, CEO of AVTECH. “Southwest Airlines is not only one of the
biggest airlines in the United States and world but they are also a world
renowned aviation innovator. As such it is not only with great pride, but also
with great enthusiasm that we now enter into this very important collaboration”,
finishes Christer Staaf.

“Signing a commercial contract for implementation of Aventus in Southwest
Airlines’ full network of operations has been a thorough process that has been
ongoing for quite a while, focusing on proof of the excellent technical
operational fit and significant benefits of Aventus”, says Lars GV Lindberg, the
Chairman of Board of AVTECH. “The process has been a team effort that has
involved a multitude of AVTECH employees as well as a number of persons within
Southwest”, continues Lars GV Lindberg. “However an extended process, the
signing of a contract with Southwest does not mark the end of the road for the
commercial success of Aventus, but rather the start of a potentially truly
exciting journey for AVTECH as a provider of significant benefits to the
aviation industry. We very much look forward to an interesting future for
aviation as a whole and for AVTECH specifically”, finishes Lars GV Lindberg.

“The Aventus product will prove extremely valuable for Southwest Airlines,” says
Chuck Magill, Southwest Airlines Vice President Operational Coordination. “Not
only will it reduce fuel burn and workload for our Flight Crews, it will also
position our aircraft to better prepare for the continued expansion of NextGen
initiatives. We are excited to begin product implementation”, finishes Chuck

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 real time, high
resolution weather information (AMDAR/TAMDAR) to create updated high resolution
wind models and wind data packages for the different segments of a flight; a so
called NowCast. Data packages are uplinked to aircraft to enable the onboard
Flight Management System (FMS) to accurately calculate a flight profile and the
actual time when each waypoint of a flight will be reached. The immediate
benefits of Aventus NowCast are airline fuel and CO2 savings, i.e. the solution
is highly environmentally friendly. Aventus is also imperative for aviation wide
Time-based operations, which is an area where Aventus provides even larger
overall financial and environmental benefits.

The significance of Aventus is overall demonstrated by market research and
development within digital ATM unanimously pointing out that accurate
information of atmospheric conditions is imperative for Time-based Operations.
Time-based Operations is a must in near-term aviation to increase efficiency and
punctuality of individual flights and of the air transport system as a whole.

For more information, please contact

Lars GV Lindberg, Chairman of Board, +46 (0) 8 544 104 80

Christer Staaf, CEO, +46 (0) 8 544 104 80

Jonas Saric, Business Unit Director Aventus NowCast and CFO, +46 (0) 8 544 104

About AVTECH Sweden AB

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 Dubai, U.A.E. AVTECH Sweden AB is listed on
NASDAQ OMX First North and has appointed Mangold Fondkommission AB, tel: +46 8
503 01 550, as Certified Adviser.