Astronics’ Newest EmPower® UltraLite G2 USB Power System to Be Installed on 650 Aircraft by End of Year

Rhea-AI Summary

Astronics (Nasdaq: ATRO) announced the delivery of 350 shipsets of its EmPower® UltraLite G2 USB Power System since its launch in 2022.

Another 300 systems are scheduled for delivery by the end of 2024. This system, which is 30% to 40% lighter than previous models, is designed to reduce carbon emissions and is highly efficient, offering up to 60W of power at each seat.

The EmPower UltraLite G2 is well-suited for both new aircraft and retrofits, providing flexibility with USB Type A and Type C outlets. The system supports carbon neutrality initiatives by reducing the overall weight and increasing efficiency.

Positive

• Delivered 350 EmPower UltraLite G2 systems since 2022.
• Scheduled to deliver 300 more systems by the end of 2024.
• System is 30% to 40% lighter than previous models, aiding in carbon emission reduction.
• Offers up to 60W of power at each seat, accommodating both USB Type A and Type C devices.
• High efficiency with greater than 93% power supply efficiency.
• System is linefit offerable with aircraft OEMs and suitable for retrofits.
• Supports hundreds of airline customers in advancing aerospace carbon neutrality initiatives.

Negative

• The announcement does not provide specific financial details or projections.
• The scheduled deliveries extend over a long period, which might delay immediate revenue realization.
• No information on the profitability or margins associated with the EmPower UltraLite G2 system.

Insights

Financial Analyst

Financial Impact: Astronics Corporation's announcement of the delivery of 350 EmPower® UltraLite G2 USB Power Systems, with an additional 300 units scheduled for 2024, signals strong market demand and successful penetration in the commercial airline industry. The commitment to these deliveries indicates secured revenue streams and a healthy backlog which is a positive financial indicator. Investors should note that the company's ability to scale production and meet demand can enhance its market position against competitors and likely contribute to steady revenue growth.

Additionally, the adoption rate surpassing expectations signifies robust customer acceptance, which could translate to increased future orders, further bolstering Astronics' financial stability and growth.

In summary, from a financial perspective, this development should reassure investors about Astronics' revenue prospects and market strength in the immediate future.

Environmental Analyst

Environmental Considerations: The new EmPower® UltraLite G2 USB Power System's weight reduction by 30% to 40% compared to existing solutions is particularly noteworthy. Lighter equipment directly contributes to lower fuel consumption for airlines, thereby supporting carbon emission reduction initiatives. This aligns with the broader industry trend towards sustainability and environmentally friendly practices.

For retail investors, this environmental edge could be a decisive factor as ESG (Environmental, Social and Governance) investing criteria become increasingly significant. Airlines will likely favor technologies that align with their carbon neutrality goals, ensuring that products like Astronics' UltraLite G2 will continue to see strong demand.

Thus, from an environmental standpoint, Astronics is positioned to benefit from the growing emphasis on sustainable business practices in the aviation industry.

Tech Expert

Technological Advancements: The UltraLite G2's ability to provide up to 60W of power per seat through a combination of USB Type A and the latest USB Type C outlets demonstrates a significant technological leap. This system's efficiency (greater than 93%) and intelligent design, including distributed zonal architecture, stand out as cutting-edge features.

These advancements not only enhance the passenger experience by supporting faster and more efficient device charging but also offer flexibility and customization options for airlines. Such technological improvements ensure that Astronics remains competitive in the aerospace technology market and sustain its innovation leadership.

Investors should find the incorporation of such advanced technology appealing as it underscores Astronics' commitment to continuous improvement and adaptation to market needs.

• Global leader in passenger power for commercial airlines has delivered 350 shipsets of the UltraLite G2 USB system with 300 more shipsets scheduled for 2024
• USB Type C system weighs 30% to 40% less supporting airline efforts to reduce carbon emissions

EAST AURORA, N.Y.--(BUSINESS WIRE)-- Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today the global delivery of 350 shipsets of the EmPower® UltraLite G2 Power System since its launch in 2022. The Company has backlog of 300 more systems to be delivered by the end of 2024 demonstrating the rapid increase in adoption rate for the next generation passenger power solution which delivers more power with less weight.

Astronics' 30% to 40% lighter weight EmPower® UltraLite G2 passenger power system provides industry leading power with less weight to help reduce carbon emissions. (Photo: Business Wire)

As the industry's most powerful and intelligent cabin power system for charging passenger electronic devices, the EmPower Ultralite G2 is both linefit offerable with aircraft OEMs and well-suited for retrofit applications. This makes it ideally suited for carriers with mixed fleets that want to provide a consistent passenger experience.

"Our goal was to intersect the market need for high power USB Type C with a lighter weight solution,” said Jon Neal, President of Astronics AES. “While we were optimistic about the industry adoption rate, the universal market reaction across all regions, aircraft platforms, and installation applications has exceeded our expectations.”

Astronics' newest system, the EmPower Ultralite G2, uses a distributed zonal architecture, leveraging a next generation power supply with greater than 93% efficiency and system intelligence at the seat. As a result, the system can provide up to 60W of power at every seat with a combination of USB Type A and the latest USB Type C outlets. This allows maximum flexibility and airline customization, while reducing overall system and per seat weight by 30% to 40% when compared with other power solutions currently installed.

Astronics’ customer-centric focus and vision supports hundreds of airline customers and their partners in advancing their aerospace carbon neutrality initiatives as they strive to reduce their environmental impact.

For more details visit Astronics.com.

About Astronics Corporation

Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission-critical industries with proven innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, military branches, completion centers, and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.

For more information on Astronics and its solutions, visit Astronics.com.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words “expect,” “anticipate,” “plan,” “may,” “will,” “estimate,” “feeling” or other similar expressions and include all statements with regard to achieving any revenue or profitability expectations, the timing of receipt of orders or future orders, the continued momentum in the business and favorable tailwinds, the expectations of customer enthusiasm and level of demand by customers and markets. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially from what may be stated here include the impact of global pandemics and related governmental and other actions taken in response, the trend in growth with passenger power and connectivity on airplanes, the state of the aerospace and defense industries, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes and delivery schedules, the demand for and market acceptance of new or existing aircraft which contain the Company’s products, the impact of regulatory activity and public scrutiny on production rates of a major U.S. aircraft manufacturer, the need for new and advanced test and simulation equipment, customer preferences and relationships, the effectiveness of the Company’s supply chain, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240527947646/en/

Company Contact:

David C. Burney

Executive Vice President and CFO

invest@astronics.com

+1.716.805.1599

Investor Contact:

Kei Advisors LLC

Deborah K. Pawlowski

Investor Relations

dpawlowski@keiadvisors.com

+1.716.843.3908

Astronics AES Contact:

Dennis Markert

Director Business Development

Dennis.Markert@astronics.com

+1.425.895.4374

Source: Astronics Corporation

FAQ

How many EmPower UltraLite G2 systems has Astronics delivered?

Astronics has delivered 350 shipsets of the EmPower UltraLite G2 system since its launch in 2022.

How much lighter is the EmPower UltraLite G2 system compared to older models?

The EmPower UltraLite G2 system is 30% to 40% lighter than previous models.

What power output does the EmPower UltraLite G2 system provide?

The EmPower UltraLite G2 system provides up to 60W of power at each seat.

What types of USB outlets does the EmPower UltraLite G2 system support?

The system supports both USB Type A and the latest USB Type C outlets.

When will the additional EmPower UltraLite G2 systems be delivered?

An additional 300 systems are scheduled for delivery by the end of 2024.

How does the EmPower UltraLite G2 system support carbon neutrality initiatives?

The system's reduced weight and high efficiency help airlines reduce their environmental impact.

Is the EmPower UltraLite G2 suitable for both new aircraft and retrofits?

Yes, the system is linefit offerable with aircraft OEMs and suitable for retrofit applications.