Icelandair and Air Malta sign contracts for Aventus NowCast™

Less than a month after announcing a major contract, AVTECH Sweden AB (publ)
signed contracts with both Icelandair and Air Malta for the Aventus NowCast
product.
AVTECH has closed yet another two contracts for its wind optimization product,
Aventus NowCast. The company’s latest Aventus customers have been able to
determine immediate value and subsequent gains of implementing the product into
the daily operations of their fleets. The most significant gains derived from
the product are direct fuel savings as well as enabling aircraft to fly Time
-based Operations (TBO), which enables a smooth, punctual and cost-efficient
operational process.

Both carriers are pleased to be able to achieve additional fuel savings with
their Continuous Descent Approaches (CDAs), also known as Green Approaches, by
the selection of the optimized winds via Aventus NowCast. Moreover, the
contracts are for Boeing 757 and Airbus A-320 fleets which shows that Aventus
NowCast is compatible with a wide range of currently used aircraft.

The implementation of Aventus in Iceland and Air Malta in addition to a major
carrier in the Middle East and another one in Asia-Pacific, demonstrates that
Aventus NowCast has a global appeal, satisfying the need for optimized wind
uplinks irrespective of the geographic location or the type of operation of the
customer airline.
Wolfgang Sagmeister, Business Unit Director of Products & Marketing at AVTECH,
says:
“It is very gratifying for us that yet another two airlines are able to see the
potential value of a futuristic product system like Aventus NowCast, and
appreciate that it can be successfully implemented whilst generating beneficial
results. It is also important to note the extraordinary fourfold win-win
scenario that is created here: apart from the customer and AVTECH itself, not
only does the environment profit from this new technology, but also the
traveling public who will benefit in terms of more punctual arrivals.”
“The significance of these two contracts goes beyond the individual contracts as
it demonstrates that AVTECH is now starting to build a customer base with the
pace of signing customers is increasing from the major carrier in the Middle
East that was signed in June and the one in Asia-Pacific in October. The goal
has been 6 signed contracts by the end of the year, and with today’s
announcement we are on plan to meet our goal.” Says David Alvord, CEO at AVTECH.

For more information, please contact:
Charlotte Johnston Lönnberg
Direct: +46 (0) 8 544 104 82
E-mail: charlotte.johnston@avtech.aero
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 Dubai, U.A.E. AVTECH Sweden AB is listed on
NASDAQ OMX First North and has appointed Thenberg & Kinde Fondkommission AB as
Certified Adviser.