AAR announces marketing partnership agreement with ProvenAir Technologies, LLC
April 26 2022 - 4:35PM
AAR CORP. (NYSE: AIR), a leading provider of aviation services to
commercial and government operators, MROs, and OEMs, has signed a
marketing partnership agreement with ProvenAir Technologies, LLC to
enhance the digital solutions available to AAR customers.
ProvenAir’s digital solution leverages advanced technologies to
analyze and dynamically generate back-to-birth (BtB) trace history
for life limited parts. ProvenAir automates the BtB process to save
aviation customers time, increase records quality, shorten the
sales cycle, ease aircraft transitions, and increase the residual
value of used serviceable material.
“ProvenAir’s mission is to redefine service in the aviation
industry through innovation and technology. We make an impact by
digitizing and automating a cumbersome manual process,” said James
Boccarossa, ProvenAir Founder and CEO. “By partnering with AAR, one
of the world’s top MROs and parts suppliers, we will be able to
reach more customers and help those customers realize their
digitization goals.”
“AAR continues to focus on digital solutions that enhance and
differentiate our offerings. We are impressed by ProvenAir’s
technology and have been able to realize internal efficiencies from
utilizing ProvenAir for our own Parts Supply and Landing Gear
needs,” said Rahul S. Ghai, AAR Chief Digital Officer. “Leveraging
our global sales team to connect aircraft owners and operators with
ProvenAir for the benefit of our customers is a natural progression
of our relationship.”
About AARAAR is a global aerospace and defense
aftermarket solutions company with operations in over 20 countries.
Headquartered in the Chicago area, AAR supports commercial and
government customers through two operating segments: Aviation
Services and Expeditionary Services. AAR’s Aviation Services
include Parts Supply; OEM Solutions; Integrated Solutions; and
Maintenance, Repair, and Overhaul (MRO) Services. AAR’s
Expeditionary Services include Mobility Systems operations.
Additional information can be found at aarcorp.com.
About ProvenAirProvenAir is a technology company with a
service platform that, with the click of a mouse, dynamically
generates consistent, easy to follow, back-to-birth trace insights
for life limited material. The ProvenAir system uses proprietary
algorithms and advanced technology to scan, digitize, and
categorize maintenance records, precisely interpret life limited
part usage, and create historical trace timelines and exception
reports for assemblies, sub-assemblies, or individual parts.
Additional information can be found at provenair.com.
This press release contains certain statements relating to
future results, which are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995
which reflect management’s expectations about future conditions,
including ProvenAir’s expectation to redefine service in the
aviation industry through innovation and technology, to make an
impact by digitizing and automating a cumbersome manual process,
and to be able to reach more customers and help those customers
realize their digitization goals, and the Company’s ability to
focus on digital solutions that enhance and differentiate our
offerings, to continue to realize internal efficiencies from
utilizing ProvenAir’s technology, and the Company’s
expectation that leveraging our global sales team to connect the
aircraft owners and operators with ProvenAir for the benefit of our
customers will result in a natural progression of our relationship.
Forward-looking statements may also be identified because
they contain words such as ‘‘anticipate,’’ ‘‘believe,’’
‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’
‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’
‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’
‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of
those terms. 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.
For a discussion of these and other risks and uncertainties, refer
to “Risk Factors” in our most recent Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q. Should one or more of
these risks or uncertainties materialize adversely, or should
underlying assumptions or estimates prove incorrect, actual results
may vary materially from those described. These events and
uncertainties are difficult or impossible to predict accurately and
many are beyond the Company’s control. 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. |
Media Team
AAR CORP.
+1-630-227-5100
editor@aarcorp.com
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