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Exchange Income Corporation Announces Certification of PAL Aerospace Demonstrator Surveillance Aircraft
Exchange Income Corporation Announces Certification of PAL Aerospace Demonstrator Surveill...
About this update from Exchange Income Corporation
[{"type":"text","content":"\n\n\n\nExchange Income Corporation Announces Certification of PAL Aerospace Demonstrator Surveillance Aircraft\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, Oct. 29, 2018\n\n\n\nWINNIPEG, Oct. 29, 2018 /CNW/ - Exchange Income Corporation (TSX: EIF) (the \"Corporation\" or \"EIC\") announced that PAL Aerospace, an EIC subsidiary, reached a significant milestone in their Force Multiplier Surveillance Program. PAL's DASH-8 demonstrator surveillance aircraft, has, following a complex process due to the highly modified state and technical capabilities of the aircraft, received final certification from Transport Canada. \nThis demonstrator surveillance aircraft is a rapidly deployable asset that can immediately assist clients with the provision of actionable data/information within a broad range of missions.  This modern platform significantly enhances PAL Aerospace's contracted Intelligence, Surveillance and Reconnaissance (ISR) capabilities worldwide in addition to their historic surveillance programs.  This aircraft has several key differentiators from other ISR assets such as its enhanced onboard data management capabilities and long range mission ability. \n\"I would like to congratulate the PAL Aerospace team on their innovation and dedication to completing this new sophisticated flexible platform for clients around the world and thank Transport Canada for its support and dedication throughout the certification process\", said Mike Pyle, CEO of EIC. \"This specialized aircraft, capable of global operations in all climates, has already generated significant interest during previews at events such as the Dubai Airshow and EuroNaval 2018 in Paris.\" \n\"We are excited about meeting the market demand to provide cost effective state of the art surveillance capabilities to new and existing clients with this innovative Force Multiplier aircraft\", added Brian Chafe, CEO of PAL Aerospace. \"This modern platform sets new benchmarks for flexibility and quick response for ISR clients globally and further solidifies PAL Aerospace's significa...