AMA Luncheon HighlightsTeepee et ALL ; Luncheon was informative on a few counts: Here's the highlights from my perspective.
AFIRS 220 Installed Base: 220 from 33 operators recurring revenue in 2010 north of 2.5 mil and growing
AFIRS 228 Development : on schedule for Q3 release fully compliant with Euro iniatives
33 orders already in house for this version
China Patent : Primarily a China Marketing initative , no worry on copyright infringement as the crown jewels for
this design mainly in Software not revealed in patent
Iridium : Only satelittte provider with coverage for entire globe apparently it takes 66 sattelites to cover every inch
Hawker Beechcraft OEM: Plan is to offer AFIRS 228 as option initially but intent to become standard in the 2012
timeframe and over all thier product lines.
FInancing Rqts : None anticipated as R&D burn rate substantially reduced going forward , possible cash flow neutral by year end
In summary a good presentation by Dick Hayden and yes he did say AMA have been in talks with Bombadier but no offical word yet
GLTA
TO_Canuck
PS: Those of you who I met there from stockhouse I welcome any additional points I may have missed.