pta20201217007
Business news for the stock market

Frequentis AG: Air Traffic Management successes for recently acquired ATRiCS despite pandemic

FREQUENTIS & ATRiCS: Successes in 2020

FREQUENTIS & ATRiCS: Successes in 2020

[ Fotos ]

Vienna (pta007/17.12.2020/08:28 UTC+1) * Despite the corona pandemic, ATRiCS and Frequentis have recorded a number of significant successes in the Air Traffic Management business in 2020
* Numerous airports trust on innovative software solutions to increase safety, capacity, and cost-effectiveness especially after the crisis
* Sophisticated technologies capable of reducing CO2 emissions significantly

With the acquisition of 51% of ATRiCS Advanced Traffic Solutions GmbH in April 2020, Frequentis followed its growth path by further expanding into the tower automation sector. ATRiCS joined the Frequentis Group shortly after the corona pandemic had brought passenger air traffic almost to a standstill but, despite the challenges, significant successes were achieved.

"Together with ATRiCS, whose DNA lies in artificial intelligence applied to the automation of airport ground traffic, we expanded our products and services portfolio and therefore significantly increased our addressable global market for airports and Air Navigation Service Providers," says Frequentis CEO Norbert Haslacher. "These sophisticated solutions increase safety while at the same time reducing taxi times of aircraft on the ground and CO2 emissions. Together we can bring our product range into global growth markets much faster and more broadly."

The departure management system was introduced at the Dutch Air Traffic Control (Luchtverkeersleiding Nederland, LVNL) to manage outbound traffic at Amsterdam Schiphol Airport more efficiently and ecologically in the future. ATRiCS' Departure Manager improves slot allocation and minimises delays by reducing queuing time at departure runways.

At Dusseldorf Airport, Germany, a major upgrade of the ATRiCS Departure Manager was implemented in spite of reduced traffic numbers, proactively planning for the future on the basis of their experience.

With the Middle East region being receptive for innovations, following the example of Dubai Airports another Middle East Airport has introduced the ATRiCS TowerPad. It allows controllers to work in a new way when coordinating ground traffic. Instead of having dozens of individual screens to look at, the controller can work from just one display. The TowerPad® is therefore a significant addition to the Tower & Airport product portfolio of the Frequentis Group.

ATRiCS has also been awarded the contract for the implementation of its TowerPad® solution at Istanbul Sabiha Göcken Airport, Turkey, to contribute to a sustainable and innovative airfield lighting implementation together with the local distribution partner AKBA Technology & Defense Industry and the Dutch TKH Airport Solutions.

This positive development will most likely continue in 2021, with other major airport projects on the horizon: For instance, Manchester Airport Group is going to introduce ATRiCS departure manager systems at Manchester and London Stansted airport and planning to bring the systems into operation when circumstances will allow in 2021.

About FREQUENTIS

Frequentis, headquartered in Vienna, is an international supplier of communication and information systems for control centres with safety-critical tasks. Such 'control centre solutions' are developed and marketed by Frequentis in the business sectors Air Traffic Management (civil and military air traffic control, air defence) and Public Safety & Transport (police, fire brigade, ambulance services, shipping, railways). As a global player, Frequentis operates a worldwide network of branches, subsidiaries and local representatives in more than 50 countries. Products and solutions from Frequentis can be found in over 30,000 operator working positions and in approximately 140 countries.

Founded in 1947, Frequentis considers itself to be the global market leader in voice communication systems for air traffic control with a market share of around 30%. In addition, the Frequentis Group's AIM (aeronautical information management) and AMHS (aeronautical message handling) systems, as well as GSM-R systems for Public Transport are industry leading global solutions.

The shares of Frequentis AG are traded on the Vienna and Frankfurt Stock Exchange under the ticker symbol FQT (ISIN: ATFREQUENT09). In 2019, the Frequentis Group had about 1,850 employees worldwide and generated revenues of EUR 303.6 million and EBIT of EUR 17.2 million.

For more information, please visit https://www.frequentis.com

Brigitte Gschiegl, Director Corporate Communications, Frequentis AG,
brigitte.gschiegl@frequentis.com, +43 1 81150-1301

Stefan Marin, Head of Investor Relations, Frequentis AG,
stefan.marin@frequentis.com, +43 1 81150-1074

About ATRiCS

ATRiCS Advanced Traffic Solutions GmbH offers airport-specific software solutions and consultancy services. ATRiCS products are in use all over the world, wherever benchmarks are being set in the fields of modern integrated controller working positions, tower automation and taxi operations management. ATRiCS systems enable transport hubs in Europe, Asia and the Middle East to use individual route planning, guidance and A-CDM compliant outbound sequencing to make maximum use of their existing infrastructure. ATRiCS supports the introduction of operational traffic systems with a wide portfolio of simulation and validation tools. ATRiCS is part of the Frequentis Group.

For more information, please visit https://www.atrics.com

Natalie Hammerich, Managing Director, ATRiCS Advanced Traffic Solutions GmbH
natalie.hammerich@atrics.com, +49 761 5918680

(end)

Emitter: Frequentis AG
Innovationsstraße 1
1100 Wien
Austria
Contact Person: Stefan Marin
Phone: +431811501074
E-Mail: stefan.marin@frequentis.com
Website: www.frequentis.com
ISIN(s): ATFREQUENT09 (Share)
Stock Exchange(s): Vienna Stock Exchange (Official Trade)
Other Stock Exchanges: Regulierter Markt in Frankfurt
|