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TORONTO, March 10 /CNW/ - Luxell Technologies Inc. (TSX:LUX) is pleased to announce that it has been awarded the contract to supply the cockpit controls interface kit 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(r) 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, Luxell will, in concert with WheelTug Limited and its customers, define the cockpit controls interface 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 cockpit interface to WheelTug, Luxell will earn an equity stake in WheelTug plc upon timely regulatory approval for the WheelTug 737NG system.
"We're particularly looking forward to working with WheelTug as we think this is an exciting product. It also represents a part of our business strategy to expand into commercial avionics and demonstrate our display expertise to major players in that sector," said Jean-Louis Larmor, Luxell's CEO.
"We evaluated quite a number of potential suppliers, and concluded that Luxell is a good fit for WheelTug's needs, both for the 737NG, and for other aircraft down the road as well," said Isaiah Cox, WheelTug's CEO. "They have the technology and competence to provide a turnkey cockpit kit for the WheelTug system, and we are pleased to have Luxell on board."
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(R) Star and Chorus(R) 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(R) and Chorus(R) 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 Luxell
Luxell designs, manufactures and licenses flat panel display technologies and solutions for defence and avionics industries. More information can be found at www.luxell.com. (C) Luxell Technologies Inc., Luxell and Black Layer are trademarks of Luxell Technologies Inc. All other company and/or product names are trademarks and/or registered trademarks of their respective manufacturers.
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