GEDERA, Israel, January 9, 2018 /PRNewswire/ --
TAT Technologies Ltd. (NASDAQ: TATT), a
leading provider of services and products to the commercial and
military aerospace and ground defense systems, today announced that
its subsidiary, Limco Airepair, Inc. ("Limco") has signed a two (2)
year agreement with Korean Air to provide maintenance, repair and
overhaul (MRO) for heat exchangers places in Korean Air's
aircrafts, valued at up to $2M in
total revenue.
Mr. Igal Zamir, CEO and President
of TAT Technologies stated, "We are pleased to continue our long
relationship with Korean Air. The agreement strengthens TAT's
position as a world leader in the Asia-Pacific region for MRO of aircraft heat
exchangers."
About TAT Technologies LTD
TAT Technologies is a global OEM and aftermarket solutions
company, employing more than 600 employees globally. TAT
Technologies supports commercial aviation and government customers
through two operating segments: Thermal Management Solutions and
Power & Actuation. TAT's Thermal Management Solutions include
OEM and aftermarket of thermal management components and systems.
TAT's Power & Actuation include aftermarket support (MRO) of
APU, Landing Gear and Aero-engines components. TAT Technologies
controlling shareholders is FIMI Private Equity Fund. For more
information, you are welcome to visit our
website:http://www.tat-technologies.com
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements which
include, without limitation, statements regarding possible or
assumed future operation results. These statements are hereby
identified as "forward-looking statements" for purposes of the safe
harbor provided by the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve risks and
uncertainties that could cause our results to differ materially
from management's current expectations. Actual results and
performance can also be influenced by other risks that we face in
running our operations including, but are not limited to, general
business conditions in the airline industry, changes in demand for
our services and products, the timing and amount or cancellation of
orders, the price and continuity of supply of component parts used
in our operations, the change of control that will occur on the
sale by the receiver of the Company's shares held by our previously
controlling stockholders, and other risks detailed from time to
time in the Company's filings with the Securities Exchange
Commission, including, its annual report on form 20-F and its
periodic reports on form 6-K. These documents contain and identify
other important factors that could cause actual results to differ
materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update publicly or revise any
forward-looking statement.
Contact:
Ms. Inna Shpringer
MARCOM Manager
Tel: 972-8-862-8594
innas@tat-technologies.com
SOURCE TAT Technologies Ltd