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News and Events - Message Board
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HEICO Listed As One Of 100 Best Small Companies By Forbes
Marks the Fifth Consecutive Year of Recognition by Forbes
October 29, 2010
HOLLYWOOD, Fla. and MIAMI, Oct. 28, 2010 -- HEICO Corporation (NYSE:HEI-A) and (NYSE:HEI) today reported that Forbes Magazine has included HEICO as one of the 100 Best Small Companies in Forbes' 2010 annual list of such businesses. This marks the 5th consecutive year HEICO has been included in the list of Forbes 200 Best Small Companies and the first year of HEICO's inclusion in the top 100 List.
Laurans A. Mendelson, HEICO's Chairman, and Chief Executive Officer, remarked, "We are honored and pleased that Forbes has bestowed this recognition on our Company. As in previous years, our outstanding Team Members continue to be the reason behind our success."
Mr. Mendelson added, "Through the dedication and efforts of the HEICO Team Members, we have achieved a significant growth record, with compound annual growth rates since 1990 in sales and earnings of 17% and 18%, respectively, and in stock price of 21%."
The Company has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. The stock symbols for HEICO's two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO's Class A Common Stock stock symbol (HEI.A) to HEI/A or HEIa.
HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space and electronics industries through its Hollywood, FL-based HEICO Aerospace Holdings Corp. subsidiary and its Miami, FL-based HEICO Electronic Technologies Corp. subsidiary. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to medical, telecommunication and electronic equipment manufacturers. For more information about HEICO, please visit our web site at http://www.heico.com.
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CIRCOR and Seal Dynamics Expand Agreement
CIRCOR Aerospace Southern California Expands Distribution with Seal Dynamics
October 20, 2010
CORONA, CA – CIRCOR Aerospace, Inc., a CIRCOR International Company (NYSE: CIR), has expanded upon the sales representation and distribution agreement with Seal Dynamics for the CIRCOR Aerospace Circle Seal Controls product line based in Southern California. The expanded contract adds global distribution of aircraft galley and lavatory OEM’s to the existing agreement.
Seal Dynamics will continue to increase customer connectivity and market presence for the CIRCOR Aerospace / Circle Seal Controls’ line of specialized fluidic controls components, manifolds and subsystems.
“Seal Dynamics and their international network continue to drive increased customer awareness of the Circle Seal Controls line of products and capabilities,” said Michael Dill, CIRCOR Aerospace Vice President of Business Development and Strategy. “We are pleased with the team effort and will continue to increase the global reach CIRCOR Aerospace will gain from our partnership,” said David Susser, Seal Dynamics’ CEO.
About Seal Dynamics
Founded in 1976, Seal Dynamics has grown from a value-added distributor and manufacturer of mechanical seals to an integrated provider of engineering and logistics solutions serving the industrial and airline industries. Substantial resources including an experienced team of engineering sales professionals enable Seal Dynamics to provide unmatched products, service, and support. Headquartered in Long Island with a fully integrated warehouse, Seal Dynamics can guarantee customers the highest levels of service and inventory planning. Parts and component inventory is the largest and most diverse in the aerospace market, including components from leading OEM-approved manufacturers and hundreds of FAA-approved parts. For customers, Seal Dynamics’ superior inventory provides cost-saving just-in-time deliveries. With international distribution points supported by an advanced electronic inventory system, the order fulfillment process is unmatched in the industry.
About CIRCOR Aerospace Products Group and CIRCOR Aerospace, Inc.
CIRCOR Aerospace Products Group is focused on the design, development, and manufacture of specialty fluidic control, actuation, and aircraft landing gear systems for demanding aerospace and defense applications. CIRCOR Aerospace provides a full range of fluid controls and electro-mechanical controls, actuation systems, manifold assemblies, and complete landing gear systems. CIRCOR Aerospace has business units located in California, Ohio, New York, Paris and Chemille, France, Tangier, Morocco and Suzhou, China.
Parent company CIRCOR International is headquartered in Burlington, Massachusetts and the CIRCOR Aerospace Products group is headquartered in Corona, California.
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David Susser to join ASA board
Aviation Board Builds 5 Year Strategic Plan To Improve Safety And Global Representation
October 18, 2010
Vision and hands on leadership are part of the common thread that runs between the 4 aviation executives who have recently joined the Washington D.C. based Aviation Suppliers Association (ASA) Board of Directors.
"Our new Board will include: Richard Levin, Managing Director with A.J. Levin Company; David J. Susser, President and CEO for Seal Dynamics LLC; Brent Webb, President of Aircraft Inventory Management & Services, Ltd.; and Mitchell Weinberg, President at International Aircraft Associates, Inc.," remarks Michele Dickstein, President of ASA. "They will be joining current directors, with leading original equipment manufacturers (OEMs), to build and begin implementation of a 5 year strategic plan that will improve aviation safety as well as global representation for our world-wide membership."
Knowing what works and will be challenging to implement on a global basis is key. "During profitable times, expansion, and correcting economies our company has remained active with ASA, which has made us stronger," states Richard Levin, Managing Director for A.J. Levin Company. "As a board member, one area of focus will be to ensure that best practices, versus theory, drive more international representation which will add value across our organizations membership."
Engaging and expanding membership strengthens every entity. "ASA has experienced 16% growth in membership that crosses 19 countries, releases 'The Update Report' to more than 5,000 industry constituents, and is on track for more expansion in 2011," adds David Susser, President and CEO for Seal Dynamics LLC. "This is an area that I am excited to be a part of and will include work with ASA's strategic workshops, world-wide conference, and industry panels that shape the aviation industry."
Promoting advancement in business and quality practices that streamline processes will continue. "My involvement with ASA has ranged from evaluating improvements in technology to oversight on the promulgation of the Electronic 8130-3," replies Brent Webb, President of Aircraft Inventory Management & Services. "My role will continue to work in areas that modernize the industry, but will positively impact the bottom lines of our memberships businesses in the future."
Continuity in leadership is rare in today's world but remains critical to successful organizations. "I am honored by the members unwavering faith in me and the value of my contributions. It gives me great pleasure to continue to serve on the ASA board," notes Mitchell Weinberg, President at International Aircraft Associates. "Currently ASA is presented with many opportunities to expand its international footprint and provide tremendous value to the world's aviation marketplace. I am looking forward to being part of this."
About The A.J. Levin Company
Serving aerospace markets since 1938, the A.J. Levin Company (A.J. Levin) has a long and successful history as a supplier of aircraft spares and standard consumable material to Airlines, MRO's and manufacturers through the world. Based in Los Angeles California, the company serves a growing list of customers around the globe with innovative material solutions. Today, A.J. Levin stocks more than 20,000 lines of factory new spares for Airbus and other aircraft types. Through its size and organization, the company is uniquely positioned to provide its customers with quick responses, competitive pricing, proper documentation, and delivery of consumable solutions. Learn more about The A.J. Levin Company's successful history by visiting their site at: www.ajlevin.com
About Seal Dynamics
Since the company's founding in 1976, Seal Dynamics has grown from a value-added distributor and manufacturer of mechanical seals to an integrated provider of engineering and logistics solutions serving the industrial and airline industries. We are dedicated to developing an infrastructure to ensure that state-of-the-art mechanical components will be in the hands of our customers when and where they are needed. Seal Dynamics provides full-spectrum engineering solutions - from the design and manufacture of custom and FAA/PMA parts to engineered retrofits. Substantial resources, coupled with an experienced team of engineering sales professionals, enable Seal Dynamics to provide products, service, and support that are unmatched in the marketplace. To learn more about Seal Dynamics and how they exceed customer expectations visit their website:www.sealdynamics.com
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HEICO Lighting™ signs Worldwide Distribution Agreement
HEICO Lighting™ and Future Electronics are pleased to announce a worldwide distribution agreement for HEICO Lighting™ LED lighting solutions.
September 14, 2010
Saint-Eustache, QUEBEC (September 13th, 2010) – HEICO Lighting™ and Future Electronics are pleased to announce that both companies have signed a worldwide distribution agreement for HEICO Lighting™ LED lighting solutions.
Under the terms of this agreement, Future Electronics will distribute all HEICO Lighting’s™ LED product line: the Virgolite™ and D-LEDbar™ series. The LED product line is mostly dedicated to the electrical signage and architectural market sectors.
“With Future’s ability to provide strong technical support, supply management and fast delivery service, we are looking forward to offer our current and future clients the most advanced and competitive service and product offering worldwide, said Vital Dumais, President and CEO of HEICO Lighting™. With Future Electronics’ 48 hours delivery and stocking capabilities, there’s no doubt in my mind this will change the industry.”
“We are excited to have signed a franchise agreement with HEICO Lighting,” said Bruce Jones, Worldwide Vice President of Marketing. “Their innovative contactless LED modular system simplifies the adoption of LED technology into many lighting applications, and integrates well with our customer expansion plans into new market segments.”
About HEICO Lighting™
HEICO Lighting™ specializes in designing, producing and marketing world-class electronic lighting products. We provide from individual components to private-label turnkey light engines. In the past 25 years, we have introduced major breakthrough technologies, the more recent being: Contactless LED illumination powered by electromagnetic induction and the FIRST Electrolytic Capacitor FREE solid-state power supply. Consistently exceeding market expectations, the company’s mission is to lead the solid state lighting industry while contributing to society through the development of meaningful innovations. For additional information, visit http://www.heicolighting.com or contact us 1-800-665-1166.
About Future Electronics
A global distributor headquartered in Montreal, Canada operating 169 locations in 42 countries around the world. Future Electronics has earned an impressive reputation for the strength of its commercial and technical competencies through all stages of the design-production cycle, and for developing efficient, comprehensive global supply chain solutions. Future Electronics is globally integrated, with one worldwide IT infrastructure providing real time inventory availability and access, while enabling full integration of operations, sales and marketing worldwide. Offering the highest level of service, the most advanced engineering/design capabilities and technical solutions, and the largest available-to-sell inventory in the world, the company’s mission is always to Delight the Customer®. For more information, visit http://www.futureelectronics.com.
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500th Sentinel™ Delivery
Radiant Power Corp Delivers 500th Sentinel™ - Recorder Independent Power Supply (RIPS)
September 07, 2010
Sarasota, FL- Radiant Power Corp, a subsidiary of HEICO Corporation, announced that it delivered its 500th Sentinel™ Recorder Independent Power Supply (RIPS). The RIPS provides emergency power to the aircraft flight voice recorder in the event of an electrical system failure, allowing the recorder to continue capturing valuable data which can be useful in the event of accident. Sentinel™ is installed on several production aircraft, including the Sikorsky S-92, Boeing 737NG and 787.
Located in Sarasota, Florida, Radiant Power Corp is focused on the design and manufacture of battery backup systems, power controllers, lighting control, and seat actuation and lumbar control for the aerospace and military markets. More information can be found at www.radiantpowercorp.com.
Media Contact
Chuck Schofield
Sr. Vice-President of Business Development, Radiant Power Corp
Direct/Mobile 941.739.3204
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