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Mechtronix Systems announces formation of Mechtronix World Corp.

Written by thomas · Filed Under Aeronautics News 

December 9, 2008

thomas

Flight Simulator Manufacturer Adds Turnkey Capital and Aviation Services

Units to enable World’s Aviation Training Organizations to Design, Staff

and Support Funding for New Generation of Flight Training Centers

MONTREAL, Dec. 9 /PRNewswire/ – Mechtronix Systems, Inc. the third leading provider of flight training solutions has announced the formal establishment of Mechtronix World Corp. The newly formed holding organization will consist of three units, Mechtronix Systems, Mechtronix Capital and Mechtronix Aviation Services. The three divisions will enable Mechtronix World to provide growing airlines, training centers and Flight Training Organizations around the globe with a complete turnkey solution that will enable them to build, staff and fund their own “at home” flight training centers.

The name Mechtronix Systems will be retained for the core flight simulation manufacturing division which will become part of a new solution based triad composing Mechtronix World. It will continue to perform all engineering design functions, conduct research and development, while building flight simulators and flight training devices for the new generation of flight training centers.

Mechtronix Capital will assist and provide guidance for customers seeking specialized financing for their training devices and flight training centers by using internal resources in conjunction with a global network of partners specializing in the field. The newly formed Mechtronix Aviation Services division will provide training centers with staffing and operations support which includes: pilot providing services, instructor providing, pilot operations management and even accommodations preparations to facilitate their development.

“Mechtronix has now evolved into a complete solutions provider for the world’s smaller regional airlines and FTO’s that want to conduct a world class training environment at home”, said Xavier Herve, Mechtronix Systems President and COO. “We found that even providing them with the first economical new generation of flight simulators for training at home, was not enough, we had to do more. Mechtronix World’s formation is the ultimate culmination of listening to our customers and developing a complete end to end solution that addresses their changing needs. Now when they use our technology and need to address their complete pilot provisioning needs, they can find the solutions all in one place. We can even help them build the facility that houses it all.”

“We see Mechtronix’ new structure and offerings as a smart next step beyond the firm’s original development of flight simulators”, said Garrick Ngai, analyst with Frost and Sullivan. “Mechtronix set the standard for leadership by developing quality simulation technology using true replication that made it economically feasible for the industry’s train at home model. Now they have taken the concept and turned it into a unique turnkey approach for a growing global market and a successful business services model that has led investors like Richardson Capital Limited to invest $39 million in Mechtronix. This is funding that will be key to Mechtronix’ success in years to come.”

About Frost & Sullivan

Frost & Sullivan, founded in 1961, has 31 global offices with more than 1700 industry consultants, market research analysts, technology analysts and economists. Our mission is to research and analyze new market opportunities for corporate growth. Frost & Sullivan is the world leader in growth consulting and the integrated areas of technology research, market research, economic research, corporate best practices, training, customer research, competitive intelligence and corporate strategy. Frost & Sullivan employs more than 1,700 industry analysts, growth consultants, and other staff in 31 offices in 21 countries worldwide, ensuring that our clients have in-depth regional perspectives of industries, technologies, and markets. Our mission is to help clients identify and assess opportunities to accelerate corporate growth. Our clients depend on us for unbiased industry and market intelligence, insightful frameworks that inform strategic thinking, and detailed action plans that simplify strategic execution. For more information please go to www.aerospace.frost.com.

About Mechtronix World Corporation

Headquartered in Montreal, Mechtronix World is the fastest growing designer and manufacturer of flight simulators. Backed by the Caisse de depot et placement du Quebec, Canada’s largest institutional investor, as well as Richardson Capital Limited, a leading Canadian private equity firm, Mechtronix World ranks in the top-3 of the global flight simulator market, with a presence in America, Europe and Asia. Through 20 years of passion and dedication, Mechtronix has developed a unique expertise and proved extensively its vision and leadership for flight training. Worldwide customers include major airlines, training centers and training organizations such as CAFUC, Center Air, Copa Airlines, IFTC Istanbul (Gözen Group), JAL training center, Japan Airlines, Lufthansa Flight Training, Oxford Flight Training, Northwest Airlines, TACA Airlines and University of North Dakota. Mechtronix offers a full range of products from full flight simulators to flight training devices setting new industry standards for higher fidelity, reliability, cost efficiency and safety. Mechtronix World is also the only manufacturer which actively provides services for both commercial and general aviation including support for customers to set-up their own tailor made training solution at home. For more details on Mechtronix World, please visit www.mechtronix.com.

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