AVTECH and Lufthansa Cargo enters into an agreement on Aventus NowCast

AVTECH Sweden AB (publ) ("AVTECH", the "Company") today announces that it has
entered into an agreement with Lufthansa Cargo AG on implementation of AVTECH's
Aventus NowCast Full flight service ("Aventus"). The contract covers a 10 months
paid trial for Lufthansa Cargo's global fleet.
The Met Office (UK) has been selected as the supplier of weather. The test
period is expected to start within the upcoming weeks.
"A long test period has been selected in order to create good conditions for
Lufthansa Cargo to carry out its evaluations of Aventus under many different
conditions and in a variety of different geographical areas," says Sören Skog,
the Key Account Manager at AVTECH. "The test period should also be able to
provide other airlines within the Lufthansa Group with a good opportunity to
evaluate the long term benefits of Aventus within an airline that operates the
entire globe" finishes Sören Skog.
As this initial contract with Lufthansa Cargo is structured as an evaluation
contract, involving a few different options on how Aventus is to be delivered,
the value of the initial contract does not exceed 1 mSEK during its length.
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
08:30 CEST on October 17, 2016.