KIRKLAND, Wash., May 20, 2010 (GLOBE NEWSWIRE) -- AISystems, Inc. (OTCBB:ASYI) ("AISystems" or the "Company") is a technology leader that has developed a proprietary business platform software system for the airline industry called jetEngine™.
jetEngine™ is a revolutionary new platform for strategic airline management that enhances business planning and operational capabilities through the holistic integration of these activities in real time. The total potential market for the jetEngine™ platform includes all commercial airlines.
AISystems has assembled of a team of world class developers and mathematicians and has established a scalable infrastructure for sustainable growth to deliver on the airline industry's most pressing need of achieving sustained profitability.
AISystems believes it can solve the most challenging business planning and scheduling problems facing the commercial airline industry due to the scope and significance of the intellectual property underpinning its jetEngine™ platform.
jetEngine™ is comprised of two suites of products that focus on enhancing the business planning and operational areas of an airline:
- jetEngine™ Business Planning Suite: This is a suite of four modules that enhance the strategic business planning capabilities of airlines through the integration of all of the key functions required to prepare an airline's business plan.
- jetEngine™ O/S: This is a suite of four operational modules that integrate the schedule planning, crew planning, revenue management and integrated operations functions in real time.
Stephen Johnston, President & CEO of AISystems commented, "I am very excited about our product line up. The jetEngine™ Business Planning Suite ('jetEngine BPS') can be deployed quickly, cost effectively, with little disruption to an airline's existing systems and the intuitive user interface makes for very quick training. Given the massive disruptions that can occur in airline scheduling, as evidenced most recently by the multi-day closure of European airspace due to the volcanic ash cloud, we believe that jetEngine BPS fills a critical need in the marketplace. It will help an airline to respond more effectively to both major and minor disruptions in its schedule, allowing an airline to plan more effectively in the drive for sustained profitability."
About AISystems
AISystems has developed a unique, proprietary business platform for the airline industry that is comprised of systems and mathematical algorithms capable of generating significant improvements in strategic business planning capabilities, resource scheduling, revenue management and integrated operations. More information about AISystems can be found at www.aisystems.org or www.ai-systems.com
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10-K and in the Company's recent report on Form 8-K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.