PTA-News: Frequentis AG: Big success with European aeronautical information services database EAD
Prolongation of release development, IT service management, and operations contracts

Wednesday, 01. September 2021 09:00

Business news for the stock market

Vienna (pta010/01.09.2021/09:00) - Frequentis rejoices about being the chosen partner for the already third decade of EAD for the provision of release development, IT service management, and operations services. This was confirmed in June, with the signature of the multi-year contract extension for the EAD application maintenance and IT services provided by Frequentis as well as for the EAD operations provision by GroupEAD Europe S.L.

About 25 years ago, the idea of an integrated pan-European database for aeronautical information broke new ground. In a short time, the European aeronautical information services database (EAD) established itself as indispensable service: EAD increases the availability and accessibility of aeronautical information and contributes to reducing safety risks related to the distribution and publication of aeronautical information. It is also the largest worldwide NOTAM provider and offers a very efficient integrated flight briefing solution. It is the only AIM hub system in the world, certified by EASA (European Union Aviation Safety Agency), thus ensuring outstanding aeronautical data quality.

"Frequentis is proud to have been a reliable partner for EAD already since its beginnings," says Frequentis CTO/COO Hermann Mattanovich. "We are very happy to serve EAD and EUROCONTROL also in the third decade of prolongation. With the recently signed contracts we continue to support the EAD programme on three levels - IT Service, Maintenance, and also Operations."

These contracts will allow the continuous development and modernisation of the EAD system as an innovation driver with superior AIM functionality for the more than 200 EUROCONTROL customers worldwide.

EAD has been in operations since 2003. The respective service provision is done on behalf of EUROCONTROL by GroupEAD, a joint venture of the Spanish air navigation service provider ENAIRE, the German air navigation service provider DFS, and Frequentis AG. Also, the contract for the EAD service provision, including a range of additional services such as training courses for EAD clients, was successfully extended to GroupEAD Europe S.L.

About the European aeronautical information services database (EAD)

The European AIS Database (EAD) is the world's largest Aeronautical Information System: a centralised reference database of quality-assured aeronautical information and a fully integrated, state-of-the-art AIS solution. It offers its users instant access irrespective of location to the most up-to-date aeronautical information, NOTAM (Notices to Airmen), Pre-flight Information Bulletins (PIBs) from around the world, thereby acting as a single source for its users' aeronautical data needs. Managed by EUROCONTROL on behalf of its Member States, it is used worldwide by 55 States (including 43 ECAC States) and more than 200 airspace users and industry suppliers.

For more information, please visit https://www.eurocontrol.int/service/european-ais-database

About FREQUENTIS

Frequentis, headquartered in Vienna, is a global supplier of communication and information systems for control centres with safety-critical tasks. Such 'control centre solutions' are developed and marketed by Frequentis in the business sectors Air Traffic Management (civil and military air traffic control, air defence) and Public Safety & Transport (police, fire brigade, ambulance services, shipping, railways). As a global player, Frequentis operates a worldwide network of branches, subsidiaries, and local representatives in more than 50 countries. Products and solutions from Frequentis can be found in over 35,000 operator working positions and in approximately 150 countries.

Founded in 1947, Frequentis considers itself to be the global market leader in voice communication systems for air traffic control with a market share of around 30%. In addition, the Frequentis Group's AIM (aeronautical information management) and AMHS (aeronautical message handling) systems, as well as GSM-R dispatcher working positions for Public Transport are industry leading solutions.

The shares of Frequentis AG are traded on the Vienna and Frankfurt Stock Exchange under the ticker symbol FQT (ISIN: ATFREQUENT09). In 2020, the Frequentis Group generated revenues of EUR 299.4 million and EBIT of EUR 26.8 million. Following the transaction with L3Harris, the number of employees is around 2,100.

For more information, please visit https://www.frequentis.com.

Brigitte Gschiegl, Director Corporate Communications, Frequentis
brigitte.gschiegl@frequentis.com, +43 1 81150-1301

Stefan Marin, Head of Investor Relations, Frequentis AG,
stefan.marin@frequentis.com, +43 1 81150-1074

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emitter: Frequentis AG
address: Innovationsstraße 1, 1100 Wien
country: Austria
contact person: Stefan Marin
phone: +431811501074
e-mail: stefan.marin@frequentis.com
website: www.frequentis.com

ISIN(s): ATFREQUENT09 (share)
stock exchanges: official trade in Vienna
other stock exchanges: Regulierter Markt in Frankfurt

[ source: http://www.pressetext.com/news/20210901010 ]

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