Euroinvestor - 25/06/2009  : Satair has signed a new global distributor agreement with Eaton Aerospace, one of the leading systems providers. The new product lines are expected to increase Satair's annual revenue by USD 20-25 million once the products havebeen fully phased in. The agreement is reflective of Satair's active efforts toexpand its product portfolio and broaden its overall product offerings tocustomers.

The signing of the new long-term global agreement is an expansion of the Group's existing strong relationship with Eaton Aerospace which started back in 1991. The agreement will be implemented gradually in the course of FY 2009/10 as existing distribution agreements are terminated and Satair establishes the necessary inventories. Satair will be paying a license to Eaton Aerospace for the duration of the agreement.

"As in previous downturns in aerospace, Satair is chasing opportunities for growth. This has traditionally been a successful approach for us, and so we are happy to announce a new major distribution agreement with one of our good existing business partners that enables us to offer our customers an even broader range of products and achieve further revenue growth", says John Staer, CEO of Satair.

With the new global agreement, Satair will be offering customers an array of new products, such as Eaton's electro-mechanical actuators that are used mainly for doors and flaps systems in most commercial aircraft. The agreement also includes distribution of pressure switches, pressure transducers and monitoring systems for debris and other information relating to the hydraulic and oil systems of aircraft.

The new product lines are expected to increase Satair's annual revenue by USD 20-25 million once the products have been fully phased in, and it will require investments in the building-up of inventories. While the agreement is notexpected to affect neither revenue nor earnings in the current fiscal year ending in late June 2009, the effect on revenue and earnings is included in the outlook for FY 2009/10 announced on September 15, 2009 together with the Annual Report 2008/09.

About SATAIR :
Satair is among the world"s leading distributors of spares for aircraft maintenance and production parts for aircraft manufacturers and is offering an array of services aiming at reducing costs in the supply chain.
Satair is headquartered in Copenhagen, Denmark and serves cukstomers and suppliers globally through 10 sales and warehousing locations in Europe, North America, the Middle East, Asia Pacific and China.
Stair employs more than 500 people worldwide and they generated annual revenues of more than UKSD 420 million in 2007/08.
Satair celebrated its 50-year anniversary in 2008.