Barco to Start Assembly of Avionics Products in Russia

(Zhukovsky, Russia, August 21, 2007) -- Visualization specialist Barco is to start assembly activities for its avionics products in Russia. To this end, the Belgium-based company is in final negotiations with electronic equipment supplier Elara of Cheboksary and system integration company NIIAO of Zhukovsky. Barco's plans underpin the company's commitment as a supplier of high-grade avionics displays to the Russian avionics marketplace. "We are confident that cooperating with Elara will offer new opportunities to better respond to the demand of our customers in Russia and the Commonwealth of Independent States," said General Manager of Barco's Avionics Division Yves Vanhauwaert. "Not only will it permit us to assemble our avionics displays at a leading and highly reputed production plant in the heart of the Russian market, it will also stimulate and enrich the development of both companies' technology and expertise." "We are delighted that our negotiations with Barco, which were initiated by our former director, the late and honored Mr. Ilienko, are leading to a partnership agreement. It will permit us to participate in the success of Barco's leading display technology on the Russian market," said Anatoli Aranovich, General Director of Elara. "We are convinced that the agreement will be the start of a long-standing, successful relationship that may eventually grow beyond the Russian marketplace," Aranovich continued. "The assembly of Barco developed displays within Russia will provide us with more flexibility to approach the growing market of state-of-the-art integrated cockpit solutions," affirmed Viacheslav Chernyshov, General Director of the NIIAO company, the leading Russian system integrator of civil aircraft cockpits and a major customer of Barco in Russia.

Source: Barco
Date: Aug 21, 2007

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