Alaska residents continue to rely on Chugach Electric, and Chugach relies on Erickson for Helicopter Support
September 29 2016 - 8:13PM
Erickson Incorporated (NASDAQ:EAC), a leading global provider of
aviation services, has a long-term helicopter support contract with
Chugach Electric Association (CEA), which has been extended for two
additional years as permitted in the original contract award. The
extension will retain Erickson through December 31, 2018. The
assigned mission will be to fly essential crew and contractors into
remote locations, conduct powerline patrols, mountaintop microwave
repeater servicing, and emergency earthquake inspections of
substations, dams and transmission lines. Selection criteria for
the contract extension included safety, past performance, customer
service, crew expertise and pricing.
The companies will cooperate in remote and often
mountainous terrain in south central Alaska. The scope of work will
help provide an AS350B2 “A-star” helicopter to communities as well
as access to facilities not connected to the highway system.
Chugach Electric provides electric service to 81,000 metered
locations for its members and essential transmission
interconnection to other municipal and cooperative utilities from
Fairbanks in the north to Homer and Seward on the Kenai
Peninsula.
“Erickson has been a safe and reliable helicopter
support contractor and we are pleased that we were able to reach an
agreement on extending the contract for two more years. We
look forward to continued safe, efficient and reliable service from
Erickson,” said Bill Bernier, Vice President, Power Delivery for
Chugach Electric Association, Inc.
Andrew Mills, Vice President of Global Business
Development for Erickson added, “We value our partnership with
Chugach Electric and are very committed to the Alaska constituents
we serve who have relied on us for their helicopter needs. Erickson
is one of the last global providers of helicopter services in
Alaska, a market we have served for more than 55 years.”
About Erickson
Erickson is a leading global provider of aviation
services and operates, maintains and manufactures utility aircraft
to safely transport and place people and cargo around the
world. The Company is self-reliant, multifaceted and operates
in remote locations under challenging conditions specializing in
Global Defense and Security, Manufacturing and MRO, and Commercial
Services (comprised of firefighting, HVAC, power line,
construction, timber harvesting, oil and gas and specialty lift).
With roots dating back to 1960, Erickson operates a fleet of
approximately 69 aircraft, is headquartered in Portland, Oregon,
USA, and operates in North America, South America, Europe, the
Middle East, Africa, Asia Pacific, and Australia. For
more information, please visit our new website at
www.ericksoninc.com.
This press release contains certain statements
relating to future results (including, without limitation,
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“plan,” “expect,” “predict”), which are forward-looking statements
as that term is defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are based on beliefs
of Company management, as well as assumptions and estimates based
on information currently available to the Company, and are subject
to certain risks and uncertainties that could cause actual results
to differ materially from historical results or those anticipated,
including certain other risks or uncertainties more fully described
under the heading “Risk Factors” in our most recently filed Annual
Report on Form 10-K as well as in the other reports we file with
the SEC from time to time, which are available at the SEC’s web
site located at http://www.sec.gov. You should not place undue
reliance on any forward-looking statements. The Company assumes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date of such statements or to
reflect the occurrence of anticipated or unanticipated events.
Contact
Susan Bladholm - Media requests
(971) 255-5023, sbladholm@ericksoninc.com
Zachary Cotner - Investor Relations
(503) 505-5804, zcotner@ericksoninc.com