B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer of
aircraft cabin interior products and the world's leading distributor of
aerospace fasteners and consumables, today announced that one of its
airline customers plans to retrofit its fleet of Boeing 737 aircraft
with B/E Aerospace modular lavatories. The airline also plans to
retrofit its entire fleet of 737 aircraft, with B/E Aerospace Aircraft
Ecosystems® vacuum toilets, and eventually to upgrade the
cabins of its 737 fleet with B/E Aerospace LED lighting systems.
Through a combination of seat pitch adjustments, installation of B/E
Aerospace lavatories, toilets and LED lighting, the airline plans to
upgrade the interiors of its existing 737 fleet to more closely
approximate the appearance and economics of their new to be delivered
737’s which will have both the B/E Aerospace modular lavatories and
toilets as well as B/E Aerospace LED lighting systems. The lavatories
incorporate patent pending, Spacewall® technology, which
frees up floor space in the cabin, creating the opportunity to add up to
six incremental passenger seats per aircraft. The B/E Aerospace
lightweight LED lighting system which features adjustable lighting with
full spectrum color capabilities, provides superior cabin ambiance and
unprecedented lighting control.
“We are very pleased to announce our first 737 retrofit award for our
modular lavatory systems. The B/E Aerospace lavatory is being developed
in close coordination with Boeing and will become standard equipment for
their new 737’s. Boeing believes that the B/E Aerospace lavatory
provides significant advantages to the interior of the 737 aircraft. Our
lavatory has an improved look and feel, provides more useable space, and
is more comfortable for passengers. In addition, through the design of
the lavatory interior and antimicrobial coatings on the interior
surfaces, the lavatory is cleaner and more hygienic. We expect to begin
delivering certified lavatories to Boeing in the second half of this
year,” stated Amin J. Khoury, Chairman and Chief Executive Officer of
B/E Aerospace.
“We look forward to working with our airline partners on retrofitting
their 737 fleets with multiple B/E Aerospace products. These awards
specifically underscore our reputation for innovation driven by our
successful R&D programs,” continued Mr. Khoury.
Certain portions of the retrofit program are firm while other portions
are under options. The first retrofit modular lavatories are expected to
be delivered before the end of 2014. However, in addition to the modular
lavatory and lighting retrofits, the airline has already begun
retrofitting all of the airline’s 737 aircraft with B/E Aerospace
composite Aircraft Ecosystems® vacuum toilets which are more
hygienic, lighter weight, and require less maintenance than comparable
toilets.
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve risks and uncertainties. The
Company’s actual experience and results may differ materially from the
experience and results anticipated in such statements. Factors that
might cause such a difference include those discussed in the Company’s
filings with the Securities and Exchange Commission (SEC), which include
its Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. For more information, see the
section entitled "Forward-Looking Statements" contained in the Company’s
Annual Report on Form 10-K and in other filings. The forward-looking
statements included in this news release are made only as of the date of
this news release and, except as required by federal securities laws and
rules and regulations of the SEC, the Company undertakes no obligation
to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin
interior products and the world’s leading distributor of aerospace
fasteners and consumables. B/E Aerospace designs, develops and
manufactures a broad range of products for both commercial aircraft and
business jets. B/E Aerospace manufactured products include aircraft
cabin seating, lighting systems, oxygen systems, food and beverage
preparation and storage equipment, galley systems, and modular lavatory
systems. The Company also provides cabin interior reconfiguration,
program management and certification services. B/E Aerospace sells and
supports its products through its own global direct sales and product
support organization. For more information, visit the B/E Aerospace
website at www.beaerospace.com.
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