EDGEWOOD, NY--(Marketwired - Aug 17, 2016) - CPI Aerostructures, Inc. ("CPI Aero®") (
"When we ring the bell, we share this celebration with all those who have contributed to our success - especially our employees, customers, advisers and shareholders," stated Douglas McCrosson, president and chief executive officer. "I am excited that I will be joined by our executive management team, our lead commercial bank, BankUnited, our outside counsel, Graubard Miller, and our Investor Relations firm, LHA. This honor marks a milestone on our journey to transform our business through operational excellence and the creation of new opportunities for revenue and profit growth. The NYSE is an excellent platform for growth-stage defense and aerospace companies, and we look forward to continuing on our journey with the Exchange."
A live feed of the NYSE Opening Bell commencing at 9:26 a.m. ET can be found at http://new.livestream.com/NYSE . Photos and video of the NYSE Bell Ringing Ceremony will also be available, courtesy of the NYSE, on Facebook ( NYSE ), Twitter ( @NYSE and @NYSECam ), and YouTube ( nysetv1 ).
About CPI Aero CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services. Among the key national security programs that CPI Aero supplies are the E-2D Advanced Hawkeye surveillance aircraft, the UH-60 BLACK HAWK® helicopter, the MH-53/CH-53 variant helicopters, the F-16 fighter aircraft, the MH-60S mine countermeasure helicopter, the AH-1Z ZULU attack helicopter, the DB-110 reconnaissance pod and the ALMDS mine detecting pod. In the commercial aviation market CPI Aero manufactures products for the Gulfstream G650 ultra-large cabin business jet, the HondaJet advanced light jet, the Embraer Phenom 300 business jet, the new Cessna Citation X+, and the S-92® helicopter. CPI Aero is included in the Russell Microcap® Index. The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2015, and Form 10-Q for the quarters ended March 31, 2016 and June 30, 2016.
CPI Aero® is a registered trademark of CPI Aerostructures, Inc.
Contact: Vincent Palazzolo Chief Financial Officer CPI Aero (631) 586-5200 www.cpiaero.com Investor Relations Counsel: LHA Jody Burfening/Sanjay M. Hurry (212) 838-3777 Email Contact www.lhai.com
