Crane Aerospace Awards PARPRO Long Term Agreement
CARLSBAD, CA, April 13th, 2016 — PARPRO Mexico, a business unit of PARPRO (4916:TW), a full service Embedded Design Solutions and Manufacturing Services company, has been awarded a Long Term Agreement (LTA) from Crane Aerospace Inc., to provide mechanical control assemblies for commercial aerospace cabin interiors. This award is a multi-year contract valued at $20M. Under the terms of the agreement, PARPRO will provide various mechanical and electrical assemblies which are part of the Crane’s Cabin System under the P.L. Porter brand, and currently flying on large commercial aircraft today, both in premium and main cabin seating.
PARPRO is an AS9100C, NADCAP certified company and a long time supplier of Crane, and to date, has delivered a number of other aerospace control systems. This LTA provides the most efficient way to serve such high-end markets and allows Crane to rely on high quality products within a competitive cost structure. At the same time, PARPRO is able to concentrate on quality and on-time delivery, thus assuming a mutual trust between the customer and supplier.
“This agreement is an extension of our current supplier business, and underscores the growing relationship between PARPRO and Crane,” said Jose Vega, President, PARPRO Mexico. “We are extremely proud to be again selected as Crane’s preferred supplier. Our past scorecard performance has helped assure that this relationship continues based on our unrelenting high standards of quality and performance.”
Strategically located over the US/Mexico border, production will take place at PARPRO’s Tijuana facility.
About PARPRO
PARPRO is a full service design & manufacturing company with an emphasis on ODM solutions. We offer a comprehensive engineering-rich hardware systems with low-to-high volume manufacturing and integration/test capabilities, and pride ourselves on delivering simple to complex solutions making our manufacturing offerings competitive at virtually any volume and with any sourcing strategy. We serve customers in the aerospace, gaming, telecommunications and industrial markets providing time savings and cost optimization by minimizing margin stacks throughout the value chain.
PARPRO is a public company traded on the Taiwan stock exchange – PARPRO (4916:TW). For more information on investor relations reporting and regulatory information – please click here. For more information, press only: Justine Uyemura (760) 931-7800 – juyemura@parpro.com