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Archive 2003Milestone For CMC Electronics' Aviation GPS Receivers As ACSS Achieves Certification of Terrain and Traffic Collision Avoidance System
(Montreal, Quebec and ION GPS/GNSS 2003 Conference - Portland, Oregon, September 9, 2003) CMC Electronics has achieved an important milestone with its new-generation aviation Global Positioning System (GPS) receiver that is embedded in ACSS’s new Terrain and Traffic Collision Avoidance System (T2CASTM), which was recently certified by the U.S. Federal Aviation Administration (TSO C-129a). ACSS is a joint L-3 Communications and Thales Avionics company, and a leader in safety avionics systems which serve all aviation markets. The CMC Electronics GPS receiver, known as the CMA-4024, is a 24-channel aviation-grade receiver with a growth path to full Wide Area Augmentation System/Space Based Augmentation System (WAAS/SBAS) and Local Area Augmentation System/Ground Based Augmentation System (LAAS/GBAS) precision approach and auto-land capability. According to Joe Hoffman, ACSS president, “We selected the CMC Electronics' GPS receiver based on its technical capabilities and because of CMC’s extensive GPS experience and long-standing reputation for producing highly reliable avionics products.” T2CASTM is a safety avionics system that combines an aircraft performance-based Terrain Avoidance Warning System (TAWS), ACSS's TCAS 2000, and a GPS receiver provided by CMC Electronics within a single line-replaceable unit (LRU). CMC Electronics’ new, 24-channel GPS receiver is certified by the FAA to the functional requirements of TSO-C129a, and encompasses compliance of software development to DO-178B level B and of Complex Electronic Hardware development to DO-254 level B. This certification is based on a unique approach that allowed CMC Electronics to obtain a TSO-on-a-card for its GPS receiver. Bruce Bailey, vice-president, Commercial Aviation, stated, "The certification is a significant achievement because it positions CMC Electronics as the aviation GPS supplier of choice for all enroute and precision approach applications." CMC Electronics has more than twenty years' experience in the design of certified GPS products. The CMA-4024 has been developed as a collaborative effort with NovAtel, CMC's subsidiary, and combines the respective technological strengths of both companies to develop the most advanced GPS receiver to meet the most demanding needs of civil aviation. CMC Electronics designs and produces leading technology electronics products for the aviation, infrared sensing, global positioning and space electronics markets. Its principal locations are in Montreal, Quebec; Ottawa, Ontario; Cincinnati, Ohio; and Chicago, Illinois. The company's capabilities are broadened by NovAtel Inc., its subsidiary in Calgary, Alberta. CMC Electronics is a private company controlled by an investor group led by ONCAP L.P. ONCAP is a CDN $400 million investment fund established by Onex Corporation and a number of leading Canadian financial institutions. Onex Corporation is a diversified company with annual consolidated revenues of approximately CDN $24 billion and consolidated assets of approximately CDN $23 billion. Onex is Canada's 5th largest company with global operations in service, manufacturing and technology industries. ACSS (Aviation Communication & Surveillance Systems), an L-3 Communications & Thales Company, is a leader in safety avionics systems. To learn more about ACSS, please visit the company's web site at www.L-3com.com/acss. **** Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, operating results of subsidiaries and joint ventures, establishing and maintaining effective distribution channels, certification and market acceptance of the Company's new products, impact and timing of large orders, credit risks of customers and joint ventures, financing of joint ventures, pricing pressures in the market and other competitive factors, maintaining technological leadership, timing of revenue recognition in connection with certain contracts, the ability to maintain supply of products from subcontract manufacturers, the procurement of components to build product, product defects and the impact of industry consolidations, together with the other risks and uncertainties described in the Company’s filings with the United States Securities and Exchange Commission.
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