Contact Information: For additional information on Co-Operative Industries Aerospace or the services offered, please contact: Co-Operative Industries Aerospace 5133 Northeast Parkway Fort Worth, TX 76106 Phone: 817-740-4700 Fax: 817-624-4282 email: solutions@coopind.com Web: http://www.coopind.aero/
Co-Operative Industries to Develop and Supply WheelTug Wire Harnesses
| Source: WheelTug Limited
NORTH PLAINS, OR--(Marketwire - April 9, 2008) - WheelTug Limited is pleased to announce
that it has selected Co-Operative Industries Aerospace to supply the wire
harnesses for the WheelTug system for moving aircraft on the ground. The
contract is expected to extend through the lifetime of the WheelTug 737NG
system.
WheelTug® is a patented, proprietary system that uses electric motors to
allow the pilot or ground crews to move an aircraft without the use of a
tow tug or the main engines. Among the potential benefits of the WheelTug
system are reduced fuel consumption, pollution, and emissions, as well as
shorter aircraft turnaround times between flights and a reduction in flight
delays. WheelTug will be particularly beneficial at congested airports
where time is lost because of the need for tugs. Use of WheelTug will also
have a positive impact on Foreign Object Debris (FOD) and airside safety by
reducing the time during which engines are run on the ground.
As a risk-sharing development partner, Co-Operative Industries will, in
concert with WheelTug Limited and its customers, define the wiring
configuration, develop, test and qualify all the necessary hardware as part
of the overall WheelTug system Supplemental Type Certificate for Boeing
737NG aircraft. WheelTug's certification team, including Newport
Aeronautical and Gil Thompson, are the interface to the FAA.
In addition to the exclusive supply of the wire harness to WheelTug,
Co-Operative Industries will earn an equity stake in WheelTug plc upon
timely regulatory approval for the WheelTug 737NG system.
"The team here at Co-Operative Industries is excited about being selected
to supply the wiring harness needs for such a cutting edge innovation. The
potential savings along with the environmental benefit the WheelTug
solution offers promises to aid the industry in surviving the current
economic downturn," said Sam Symonds, Co-Operative's CEO.
"We are very pleased to add Co-Operative Industries to our team; they have
precisely the skills and experience needed for handling the logic and power
wiring required for the 737NG system, as well as other WheelTug
applications down the road," said Isaiah Cox, WheelTug's CEO. "As with the
recent selection of Luxell as the supplier of our cockpit interface, we are
making sure that all the WheelTug components are developed and manufactured
by suppliers who have a long track record of meeting and exceeding
technical and regulatory requirements. With Co-Operative, our wiring is in
good hands."
WheelTug and Delta Air Lines entered into an agreement in 2007 in which the
airline is assisting WheelTug in developing the system and be the launch
customer for the 737NG WheelTug worldwide, with the right to acquire
WheelTugs for its own 737NG fleet. The agreement also gives Delta the right
of first refusal to provide installation and maintenance services on
WheelTug systems in the United States for itself and for other airlines
that desire such services. Delta has also taken an option to buy up to
600,000 shares of WheelTug plc at an average price of $36 per share.
About WheelTug
WheelTug Limited is a 100% owned subsidiary of WheelTug plc, which is in
turn a majority-owned subsidiary of Chorus Motors plc (PINKSHEETS : CHOMF ).
Chorus has developed the proprietary Chorus® Star and Chorus® Meshcon
electric motor technologies, which offer substantial performance
improvements over comparable motor and drive systems. The Chorus systems
produce high torque at start-up speeds and are ideal for traction
applications besides aircraft, including automobiles, trucks, locomotives,
and ships.
WheelTug® and Chorus® are registered trademarks of Borealis Technical
Limited. Please visit WheelTug's website at http://www.wheeltug.com and
read the forward-looking statement at http://www.wheeltug.com/fls.shtml.
About Co-Operative
Co-Operative Industries is an ISO9001:2000 and AS9100 registered company
based in Fort Worth, Texas. The company designs and manufactures
electrical wiring interconnects, ignition leads, and flexible conduits for
airframe, engine, ground support equipment, and space applications. In
addition to manufacturing capabilities, Co-Operative Industries also
provides Part 145 repair services such as check & test, overhaul and
repair, and S/B incorporation for many of the aircraft wiring harnesses in
service today.