Sorry my timing was out. This release was a little late in coming but it has finally arrived. 4/27/00 - To Supply C&D Aerospace
MAGNIFOAM TECHNOLOGY INTERNATIONAL INC ("MTG-T;MTII.PR.A-Z;MGFNF-L") - To Supply C&D Aerospace
Magnifoam Technology International Inc. (MTII) announced that C&D Aerospace, the California-based general contractor for the interior of Embraer's ERJ 170 and 190 build program has awarded MTII the exclusive contract to supply the interior thermal and acoustical insulation for Embraer's new 70 and 90 seat regional aircraft. The build program is expected to be for at least 650 aircraft and will commence late in calendar year 2000 for a minimum of five years.
"C&D Aerospace is pleased to welcome Magnifoam Technology International Inc. (MTII) to its Embraer ERJ-170/190 team." said Tom McFarland, Vice President, Marketing of C&D Aerospace. "C&D chose MTII because of its regional aircraft experience as well as its innovative solutions to both thermal and acoustical challenges."
"This is a significant milestone for us." said Robert E. Keto, President and CEO, MTII. "This contract makes us the world's leading supplier of interior thermal and acoustical systems for the regional aircraft market."
About C&D Aerospace
C&D Aerospace, Inc. is an integrator of complete interior systems for the commercial aerospace industry. C&D designs, develops and manufactures the majority of its end products in-house from its raw material composite panels to its wire harness assemblies. C&D works with key suppliers to provide additional systems to airframe manufacturers and airlines with a fully integrated interior ready for installation.
About Embraer
Embraer is headquartered in Sao Jose dos Campos, State of Sao Paulo, Brazil, and has subsidiary operations in the United States, France and Australia. Embraer is one of the world's leading regional aircraft manufacturers and is Brazil's second largest exporter.
About MTII
Magnifoam Technology International Inc. is an integrated science company. MTII's manufacturing divisions are engaged in the research, development and production of specialty silicone foam using patented technology, and the design and fabrication of energy management systems from a variety of flexible, cellular materials. Through its interest in QSi, LLC, the company is also involved in the development of specialty silicone resins, the primary input in Magnifoam(TM) silicone foam. MTII sells its products to the aerospace, mass transit, automotive, sporting goods, industrial, institutional and protective packaging markets. TEL: (905) 564-9700
Ronald S. Brooks, Chief Financial Officer
Magnifoam Technology International TEL: (416) 214-0701
Anne Lachance
Investor Relations
Fleishman-Hillard Canada
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