ACR Electronics announces acquisition of Latitude Technologies Corporation

ACR Electronics, Inc., the global leader in safety and survival technologies, today confirmed that parent company Drew Marine UK Holdings Ltd has acquired Latitude Technologies Corporation, a leading provider of flight data monitoring, flight following, satellite data link and voice communications equipment and services.

Latitude joins ACR Electronics' growing aviation brand portfolio which includes SKYTRAC real-time flight data and communications technology, Flight Data Systems airborne data acquisition and data analysis solutions, and Artex Emergency Locator Transmitters.

Latitude designs and manufactures versatile aeronautical communications devices and a robust webbased aircraft tracking and flight data analytics platform. Its solutions allow aviation operators to monitor fleet geo-positioning, telematics data, crew safety, and fleet performance from anywhere on the globe.

With the acquisition, Latitude will continue to operate with business-as-usual from its headquarters in Victoria, British Columbia, Canada. The company will retain its existing brand and executive management and will operate in accordance with its regulatory approvals.

"With our mutual focus on safety, real-time monitoring and in-flight communications, Latitude products and services are highly complementary to the ACR brand family. This is a natural acquisition path for us as we look to combine our expertise and cement the market position we have worked to develop over the past 17 years," said Latitude Founder and President Mark Insley.

"Latitude brings strong technology and a talented team to help us access new markets. Along with SKYTRAC Systems, Flight Data Systems, Artex and ACR Electronics, Latitude Technologies further strengthens our portfolio of aviation monitoring, air-to-ground communications and situational awareness

solutions for fixed and rotary wing sectors," said ACR Vice President of Aviation and Government Businesses Michael Wilkerson.

Financial terms of the acquisition will not be released.