Thursday, May 05, 2011 1:38:17 PM
South America
OLATHE, Kan., May 5, 2011 /PRNewswire via COMTEX/ -- Butler National Corporation
(otcqb:BUKS - News), a leader in the growing global market for structural
modification, maintenance, repair and overhaul (MRO) has contracted with Horizons
South America S.A.C. to install provisions for advanced aerial cameras & sensors
in its fleet of aircraft.
The new installation will allow the Horizons fleet to deliver dual sensor data
acquisition technology for mining and oil companies in Colombia and Peru.
Alejandro Talavera, CEO of Horizons South America S.A.C. said, "The aerial data
required to meet simultaneous acquisitions under the same weather conditions for
environmental studies is very rigorous. Butler National's sophisticated dual
camera STC package allows us to meet these criteria."
Craig Stewart, President of Butler's Aerospace Division, added, "We continue to
focus on international business as a key growth driver for the Company. This
installation builds on our existing relationship with Horizons that includes a
dual camera provision on its turboprop twin-engine aircraft. We are the only
aerospace company in the world that holds the FAA Supplemental Type Certificate
(STC) for this type of modification. Today, we hold more than 250 STCs which are
a significant barrier to entry in the MRO industry."
Butler National's presence in South America is one of many international projects
underway as the company continues to strengthen its leadership in the global MRO
marketplace.
Butler National Corporation 26 International Markets Served in the Last Five Years
NumberCountryContinent
1AlgeriaAfrica
2AustraliaAustralia
3BoliviaSouth America
4BrazilSouth America
5Burkina FasoAfrica
6CanadaNorth America
7ChileSouth America
8ColumbiaSouth America
9DenmarkEurope
10FranceEurope
11GermanyEurope
12IcelandEurope
13IndiaAsia
14IndonesiaAsia
15IsraelAsia
16ItalyEurope
17KazakhstanAsia
18MalaysiaAsia
19MexicoNorth America
20Republic of ChinaAsia
21Republic of South AfricaAfrica
22Saudi ArabiaAsia
23SpainEurope
24SwedenEurope
25UkraineEurope
26United KingdomEurope
GROWTH IN REVENUES AND SHARE PRICE
Butler National Corporation share price increased 39% in 2010. For the most
recent fiscal year, the Company achieved revenue growth of 80.1% and was:
5th fastest-growing publicly traded Aerospace & Defense company including 115
companies with combined revenues of $443 billion
10th fastest-growing publicly traded company in the Midwest including 923
publicly traded companies with combined revenues of $2.7 trillion
The fastest-growing publicly traded company in Kansas including 28 companies with
combined revenues of $61 billion
Our Business:
Butler National Corporation operates in the Aerospace and Services business
segments. The Aerospace segment focuses on the manufacturing of support systems
for "Classic" commercial and military aircraft including the Butler National TSD
for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing
McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and
performance enhancement structural modifications for Learjet, Cessna, Dassault
and Beechcraft business aircraft. Services include electronic monitoring of water
pumping stations, temporary employee services, gaming services and administrative
management services.
Forward-Looking Information:
The information set forth above includes "forward-looking statements" as outlined
in the Private Securities Litigation Reform Act of 1995 and Section 21E of the
Securities Exchange Act of 1934. Words such as "anticipate," "estimate,"
"expect," "project," "intend," "may," "plan," "predict," "believe," "should" and
similar words or expressions are intended to identify forward-looking statements.
Investors should not place undue reliance on forward-looking statements, and the
Company undertakes no obligation to publicly update or revise any forward-looking
statements. All forward-looking statements reflect the present expectation of
future events of our management and are subject to a number of important factors,
risks, uncertainties and assumptions that could cause actual results to differ
materially from those described in the forward-looking statements. These factors
and risks include, but are not limited to the Cautionary Statements and Risk
Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on
Form 10-K, incorporated herein by reference. Investors are specifically referred
to such Cautionary Statements and Risk Factors for discussion of factors, which
could affect the Company's operations, and forward-looking statements contained
herein.
FOR MORE INFORMATION CONTACT:
Reign Strategy & Investment GroupPh (914) 479-9060
Lou Albert Rodriguez
lou.albert@reigninvestment.com
http://www.reigninvestment.com
Jim Drewitz, Public RelationsPh (830) 669-2466
jim@jdcreativeoptions.com
Butler National Corporation Investor RelationsPh (214) 498-7775
WEB:
Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
SOURCE Butler National Corporation
Copyright (C) 2011 PR Newswire. All rights reserved
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