All that R&D SNA has been doing has already surpassed the Next Gen requirements.What is funny is that they want to build what we already have.
This is what is AMA's report on their AGM
However, here’s the irony:
At no time before in AeroMechanical’s history have the financials – recurring revenue, cash coming in the door and costs of sales – looked so good.
But the one dominant question on the minds of shareholders was how the company was going to bring in some extra cash to work on some interesting improvements to its technology without issuing more shares.
Investors heard more funding is needed to further develop and get regulatory approval for the next generation technology or bluebox that AMA has been working on for two years.
Some of the compelling reasons for building this next afirs box are two new standards being imposed on the airline industry by the European Economic Community (EEC).
First is the Emissions Trading Scheme that will soon tax airlines for all of an aircraft’s carbon emissions while flying in EEC airspace.
Second are a suite of requirements that automate the communication between an aircraft and air traffic control as well as other aircraft. The European rules are captured under a set of proposed regulations called Link 200+ and implementation requirements are only a couple of years away.
The corresponding activity in North America is called NextGen that has a different timetable but the same end result.
On the first issue, AMA’s bluebox and the fuel management system gives airline executives the ability to monitor each of their aircraft’s fuel burn in real time in an effort to trim fuel usage and thus minimize any taxes on that aircraft’s carbon emissions.
A constant electronic signal that identifies aircraft can also easily be built into an AMA bluebox. But it costs a lot to complete the research and development and garner international aviation regulatory approvals to put this next generation bluebox– formally called the afirs 228 – on an aircraft.
Neither AMA Chairman and CEO, Bill Tempany,or Mr. Hayden, told the annual meeting what the cash requirement is.
