One globally operating airline is in the final negotiating stage to order Aventus NowCast Full Flight. EasyJet The data collection phase of the contract with EasyJet was successfully completed one month ago. As soon as the full data set has been received the analysis is expected to take 3 to 4 weeks. If nothing technically unexpected occurs, during the analysis part of the project, the expansion of the system to the total EasyJet fleet of aircraft, will require 3 to 4 weeks. This delay means that we are not expecting any substantial part of the budgeted income of this contract to influence the financial result of this year. Market information The recently performed 2.4 million uplinked flights in the Southwest Airlines fleet and the contract with EasyJet have increased the interest by some of the larger airlines of the world to try Aventus NowCast. Some of these are asking for an unpaid testing period. The Board of Directors of AVTECH have decided not to commit the company to any more unpaid Aventus NowCast tests. Two airlines have so far accepted this approach and are now in the negotiating stage. One of them is expected to sign a contract with AVTECH within the next 4 weeks. AVTECH seems to gradually be accepted as a competent developer and supplier of robust and practically applicable management IT tools for the aviation industry. For more information, please contact Christer Fehrling, CEO and Business Unit Director Aventus NowCast, +46 (0) 8 544 104 80 David Rytter, Chief Technical Officer, +46 (0) 8 544 104 80 Niklaes Persson, Business Unit Director R&D, +46 (0) 8 544 104 80 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 an associated company in Dubai, U.A.E. AVTECH Sweden AB is listed on NASDAQ OMX First North and has appointed Redeye AB, tel: +46 8 545 013 30, as Certified Adviser. This information is information that Avtech Sweden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07:00 CEST on October 12, 2016.
AVTECH informs of a time delay in the testing phase of the
Top 10 Most Recent News Articles
Independents Finally Center Stage on Election Night
Unprecedented Spotlight on Independent Voters The political landscape is in for a shake-up, folks. Come November 3rd, we're witnessing something that hasn't been done before—an entire Election Night dedicated exclusively to independent voters. It’s high time these folks got the spotlight, considering a whopping 45% of U.S. adults have shunned the extremist seesaw of...
Continue Reading
HIMS Lawsuit: Investors Under the Gun Before Deadline
HIMS Investors Find Themselves in Hot Water Well, it looks like the ball's in your court, folks. Hims & Hers Health, Inc. (NYSE: HIMS) has been caught in a whirlwind of legal drama, and if you're holding any $HIMS stock, you've got some decisions to make—and fast. With a looming November 2 deadline to step up in a securities class action, this is one of those...
Continue Reading
Artprice Champions Creative Freedom with AI in 2026
AI and the Creative Reawakening As the autumn of 2026 rolls in, publishing circles are buzzing over artificial intelligence's role in artistry. Weekly updates hailing rejection, tolerance, or adaptation of AI in writing stir the pot. Yet, Artprice by Artmarket stands out by anchoring creative freedom and responsibility in the spotlight. Grounded on an initiative launched...
Continue Reading
111, Inc. Strategizes with Advisors Amid Proposal Talks
Every time a company's board starts tossing around phrases like "strategic alternatives," you’ve got to pay closer attention. 111, Inc., holding the NASDAQ ticker YI, is one such entity at a crossroads. They've enlisted Houlihan Lokey China Limited as their independent financial advisor and Kirkland & Ellis as their U.S. legal counsel to sift through potential strategic...
Continue Reading
American Water's $10K Grant Boosts Student Financial Skills
Financial Literacy: Building Skills for the Future When it comes to prepping kids for the real world, it's not just about packing their backpacks with textbooks and pencils; it's about arming them with the know-how to make smart financial moves. American Water Charitable Foundation's recent $10,000 grant to Junior Achievement of the Heartland is a shining example of the...
Continue Reading
Metallium's U.S. Supply Chain Ambitions Hinge on Traxys MOU
Metallium and Traxys Partner to Boost U.S. Critical Metals Out there in Houston, October's cooked up a potential game-changer for U.S. critical metals supply like no one's business. Metallium Limited—those savvy cats juggling ASX and OTC markets—just laid down a non-binding Memorandum of Understanding (MOU) with Traxys North America LLC. The goal? To sharpen up and...
Continue Reading
Govee's Retro Holiday Lights: A Festive Nostalgia Trip
Ah, the holidays—they're creeping up like a kid sneaking downstairs for a peek at their gifts. But it's not the gifts under the tree that brighten a room, it's those lights draping the tree itself. Enter Govee, bringing us back to that vintage glow we all remember from our childhoods. They've teamed up with Brady Tolbert, a design whiz who can make a living room look...
Continue Reading
Mesirow Expands Retirement Reach with flexPATH Deal
Retirement Industry Shake-Up Here's the scoop: Mesirow's swinging big in the retirement scene with its latest acquisition of flexPATH's plan-level 3(38) business. In the world of outsourced fiduciarity—for thems ain't in the know—that's like bolting a turbocharger to an already darn good engine. Mesirow might just be strapping itself in for a wild ride in this 2026...
Continue Reading
Sirha Lyon® 2027: A New Chapter in Foodservice
A Bold Step Forward There's a hearty aroma wafting from Lyon this January, and it's not just from the local gastronomy. Sirha Lyon® is queuing up for its 23rd edition, promising to turn the Foodservice and Hospitality sectors on their heads. Nearly 150,000 square meters of exhibition space packed to the rafters with over 4,300 exhibitors—this ain't your average trade...
Continue Reading
Sinopec's Catalyst Conference: Driving Global Innovation
The Role of Catalysts in Modern Industry Swing by any bustling industrial hub, and you're likely to catch talk about catalysts—unsung heroes that make the machinery of modern industry run smoother, faster, and cleaner. Over in Tianjin, China, Sinopec just wrapped up its Second International Catalyst Customer Conference, which is less of a tongue-twister than it sounds....
Continue ReadingTop 5 Most Recently Viewed Articles
Rezolve Ai Achieves Major Growth with Russell Index Inclusion
Rezolve Ai Celebrates Inclusion in Prestigious Russell Indices Rezolve Ai (NASDAQ: RZLV) has reached a significant milestone in its journey by being added to the Russell 2000 and Russell 3000 indices. This achievement comes as a result of an immensely successful year, with the company's annual recurring revenue (ARR) soaring to $70 million, showcasing its rapid growth...
Continue Reading
VitalHub Demonstrates Growth with Strong 2024 Financials
VitalHub Reports Impressive Financial Growth VitalHub Corp, a prominent software provider in health and human services, recently reported robust financial results for 2024. The company disclosed significant advancements in their Annual Recurring Revenue (ARR), which surged 59% year over year, reaching $71.1 million. Additionally, the total revenue increased by a...
Continue Reading
Artius II Acquisition Inc. Launches $200 Million IPO on Nasdaq
Artius II Acquisition Inc. Launches Its Initial Public Offering In an exciting development for investors and the market, Artius II Acquisition Inc. has unveiled its initial public offering (IPO) priced at an impressive $200 million. This marks a significant moment for the company as it takes steps to expand its reach in the investment landscape. Understanding the IPO...
Continue Reading
Surge in Foreign Capital Sparks Japanese Stock Market Growth
Foreign Investment Surge in Japanese Stocks Recent trends indicate a remarkable increase in foreign investments in Japanese stocks, particularly noted in the week ending October 5. Following comments from Prime Minister Shigeru Ishiba regarding monetary policy, the yen experienced a depreciation, enhancing the appeal of Japanese exporters to foreign buyers. Significant...
Continue Reading
Jason Maynard Takes the Helm as CEO of Qualtrics
Qualtrics Welcomes Jason Maynard as New CEO Qualtrics, a pioneer in experience management, has recently appointed Jason Maynard as its Chief Executive Officer. Maynard, who will also take a seat on the Qualtrics Board of Directors, officially steps into this influential role today. A Leader with Proven Experience With an impressive background of 30 years in the technology...
Continue Reading