Release:
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NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: MAGNIFOAM TECHNOLOGY INC.
ASE SYMBOL: MTG
APRIL 23, 1998
Magnifoam Update On Design, Engineering And Fabricating
Division - Selected As Supplier To Bombardier Regional
Aircraft Program
BARRIE, ONTARIO-
Magnifoam Technology International Inc. today reported that its
design, engineering and fabricating division, PolyFab Corporation,
has been selected to design and furnish the thermal-acoustic
insulation system for the Bombardier Aerospace Dash 8Q Series 400
turboprop regional aircraft program.
"The Dash 8Q Series 400 is the fourth Bombardier aircraft program
to include PolyFab's thermal-acoustic insulation kit system. This
is in addition to the insulation we are currently supplying for
the Canadair Regional Jet(r), Challenger 604(r) and Global
Express Aircraft(r)," said George Knowles, Managing Director and
Chief Operating Officer, Magnifoam Technology International Inc.
The thermal-acoustic insulation system supplied by PolyFab, uses
proprietary noise and vibration technology to provide regional jet
passengers with a smoother, quieter in-flight cabin environment.
Bombardier reported that in excess of 1,500 turboprop regional
aircraft will be built over the next two decades making it the
fastest growing sector in the aerospace industry. This new
aircraft completed its first test flight in January 1998.
"We are thrilled that Bombardier has once again selected PolyFab
as the supplier of its insulation system," said Thomas R. Ambeau,
Magnifoam's President and Chief Executive Officer. "Partnering
with our clients to develop custom solutions has proven to be
effective, resulting in strong ongoing relationships. These
relationships provide us with the opportunity to integrate our
silicone foam into a variety of aerospace applications, allowing
us to grow in this sector," he added.
Magnifoam Technology International Inc. is an integrated material
science company and an industry leader in ultra-low density
silicone foam technology. Through its subsidiaries, Magnifoam
Technology Inc., QSi Quantum Silicones and PolyFab Corporation,
the company is involved in the production of silicone resins,
manufacturing and research and development of silicone foam
products and the fabrication of various elastomeric materials.
Magnifoam products have a wide range of applications for the mass
transit, automotive, civil and military aerospace, defense,
marine, health care, sporting goods, institutional and industrial
markets.
(r) Registered trade mark of Bombardier Inc.
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