Ontic

AAR expands Ontic partnership, signing military customer support distribution contract extension and new long-term global commercial distribution agreement

Retrieved on: 
Thursday, December 15, 2022

Wood Dale, Illinois, Dec. 15, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has expanded its partnership with Ontic by signing a military customer support distribution contract extension and a new long-term global commercial distribution agreement.

Key Points: 
  • Wood Dale, Illinois, Dec. 15, 2022 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has expanded its partnership with Ontic by signing a military customer support distribution contract extension and a new long-term global commercial distribution agreement.
  • Under the military customer support distribution contract extension, AAR will continue to provide supply chain solutions, including warehousing, logistics, and supply chain management, for Ontic’s Cheltenham MRO.
  • AAR will also continue to deliver global distribution services, including sales and international government customer support of electronic assemblies, flight control units, gyroscopes, and altimeters, for military operators.
  • This new agreement increases AAR’s product offerings for commercial customers and provides Ontic’s customer base with lead time compression and elevated service levels.

Emergent Risk International teams up with industry partners for white paper analysis of the assassination of former Japanese Prime Minister and increasing violence toward public officials and executives

Retrieved on: 
Friday, September 23, 2022

Global insights and advisory firm, Emergent Risk International , teamed up with the protective intelligence experts at Ontic, AtRisk International and TorchStone Global to study the shocking July assassination of former Japanese Prime Minister Shinzo Abe.

Key Points: 
  • Global insights and advisory firm, Emergent Risk International , teamed up with the protective intelligence experts at Ontic, AtRisk International and TorchStone Global to study the shocking July assassination of former Japanese Prime Minister Shinzo Abe.
  • The incident and outcome of their analysis provide lessons in protecting high-profile individuals as well as highlighting an alarming increase in threats to public and private-sector executives and high-profile individuals.
  • Although not included in the study, in August, Iranian dissident Salmon Rushdie was also the victim of an attempted assassination that left him critically injured while speaking at a public event.
  • Our team of experts creates and maintains secure environments by providing threat analysis, protection, investigations, consulting, intelligence and security training services.

American Companies Anticipate Missing up to 50% of Harmful Threats in the Months Ahead, but a Majority Downplay Risks, new Ontic Study Finds

Retrieved on: 
Wednesday, August 17, 2022

AUSTIN, Texas, Aug. 17, 2022 /PRNewswire/ -- U.S. corporations are facing an increased volume of threats driven by persistent political, social and economic issues, including Roe v. Wade, gun control, diversity, equity and inclusion, the war in Ukraine, return-to-office and COVID-19. Concerned about the rise in threat data as well as keeping employees, their CEO and senior executives safe as they return to offices and work remotely, physical security, cybersecurity and IT, human resources and legal and compliance leaders feel increased pressure to identify threats to save their company money and reduce liabilities. But through year-end, about one-in-four (26%) of these executives at American companies anticipate they will miss at least 51% of threats, while another 31% anticipate they will miss 26%-50% of threats before they cause harm or damage.

Key Points: 
  • But through year-end, about one-in-four (26%) of these executives at American companies anticipate they will miss at least 51% of threats, while another 31% anticipate they will miss 26%-50% of threats before they cause harm or damage.
  • These are some of the findings unveiled today in the " 2022 Mid-Year Outlook State of Protective Intelligence Report , "a new study commissioned by the Ontic Center for Protective Intelligence .
  • "As such, cross-company threat data-sharing continues to be critical and even minor lapses in communications can result in serious security concerns.
  • But it is heartening that U.S. companies continue to actively consolidate their multiple threat intelligence, monitoring and alerting solutions.

Ontic Signs License Agreement With Honeywell for the RDR4A/B Weather Radar Systems

Retrieved on: 
Tuesday, July 26, 2022

Ontic, a leading OEM, and MRO services provider for established aircraft in the commercial, military, and rotorcraft markets, has signed an exclusive license agreement with Honeywell for the RDR4A/B Weather Radar Systems.

Key Points: 
  • Ontic, a leading OEM, and MRO services provider for established aircraft in the commercial, military, and rotorcraft markets, has signed an exclusive license agreement with Honeywell for the RDR4A/B Weather Radar Systems.
  • Ontic will leverage its existing facilities and repair teams in the USA, Europe and Asia to ensure continued customer support.
  • The products are installed across a wide range of platforms and add to the existing radar capability that Ontic already has established at its Chatsworth facility in Los Angeles.
  • This exclusive license for RDR 4A/4B weather radar product lines will continue that partnership and enhances value for our end customers, said Vipul Gupta, VPGM Avionics for Honeywell Aerospace.

Ontic Signs Teaming Agreement to Begin Growth in Europe

Retrieved on: 
Wednesday, July 20, 2022

Ontic has taken an important step in their journey to expand their footprint in mainland Europe.

Key Points: 
  • Ontic has taken an important step in their journey to expand their footprint in mainland Europe.
  • So, were pleased to have signed a co-operation agreement with Falgayras, to progress growth opportunities for Ontic within France.
  • The agreement enables us to leverage the excellent reputation and capabilities of Falgayras, to support our French growth ambitions giving us a physical presence in a region that is truly at the heart of the aerospace industry in Europe.
  • ft facility which has established engineering and technical competence with capacity to support future growth.

Sudozi Makes Real-Time Insights a Reality for Finance and Accounting Teams

Retrieved on: 
Thursday, May 12, 2022

AUSTIN, Texas, May 12, 2022 /PRNewswire/ -- Sudozi, a financial software innovator, today announced new solutions to help finance teams automate workflows and improve spend decisions, as well as the close of a $4.3 million seed round led by Pear VC with participation from S3 Ventures and Mischief. Founded by the former CFO of Uber U.S. and Canada, Sudozi has also earned the financial backing of an impressive collection of founders and early executives at DoorDash, Eventbrite, Plaid, Robinhood, Stripe, and Uber, among others. 

Key Points: 
  • While other solutions merely create a dashboard debacle and neither automate workflows nor provide an opportunity for informed decision-making and collaboration,Sudozimakes real-time finance a reality," said Mar Hershenson, Pear VC.
  • "We want to make it easy for teams of all sizes to get the real-time financial intelligence they need."
  • Sudozigives finance leaders a centralized finance headquarters to collaborate, get answers, and make decisions.
  • Its integrated solution allows finance and accounting teams to manage vendors, budgets, and headcount in one place so they can drive business growth with real-time financials and streamlined spend approvals.Learn more at www.sudozi.com .

Ontic Acquires Servotek and Westcon Product Lines From Marsh Bellofram

Retrieved on: 
Wednesday, May 11, 2022

Ontic, the aerospace industrys leading provider of Extended Life Solutions for Original Equipment Manufacturer (OEM) legacy and non-core products has acquired electromechanical product lines from Marsh Bellofram.

Key Points: 
  • Ontic, the aerospace industrys leading provider of Extended Life Solutions for Original Equipment Manufacturer (OEM) legacy and non-core products has acquired electromechanical product lines from Marsh Bellofram.
  • The products include Servotek TachSyn brushless DC tachometer and commutators, instrument-grade DC tachometers and rotary encoders.
  • We are pleased to add Marsh Bellofram to the group of OEMs that we work with.
  • As Bellofram continues to move towards a more synergistic approach and expansion of our current portfolio and offering, we are fortunate to partner with Ontic, to acquire and continue with the Servotek and Westcon Product lines, both from a product set and customer base, states Joe Colletti, Jr., President of Marsh Bellofram.

Ontic Signs License Agreement With Honeywell for Interior Electronics Product Lines

Retrieved on: 
Wednesday, April 27, 2022

Ontic, the aerospace industrys leading provider of Extended Life Solutions for Original Equipment Manufacturer (OEM) established products, has signed an exclusive license agreement with Honeywell for Interior Electronics product lines currently manufactured at Honeywells facilities in Urbana, Ohio.

Key Points: 
  • Ontic, the aerospace industrys leading provider of Extended Life Solutions for Original Equipment Manufacturer (OEM) established products, has signed an exclusive license agreement with Honeywell for Interior Electronics product lines currently manufactured at Honeywells facilities in Urbana, Ohio.
  • The Interior Electronics products include caution panels, warning lights, dimmers, switches, etc.
  • This latest agreement adds to the large portfolio of exclusive licensed products between the two companies in a relationship that began in 1983.
  • Ontic has supported Honeywell through license agreements like this for decades, and our exclusive license of interior electronics product lines builds upon this valued partnership, said Brian Wenig, President, Mechanical Systems & Components, Honeywell Aerospace.

Ontic Signs License With Curtiss-Wright for Data Recording, Data Acquisition and Test Equipment

Retrieved on: 
Tuesday, March 1, 2022

This most recent license consists of the PCard and Optical Quick Access Recorders (O/PQAR), Computer Controlled Air Data Test Set (CCADTS-2), and the Digitas and TP91 Air Data Sensor products.

Key Points: 
  • This most recent license consists of the PCard and Optical Quick Access Recorders (O/PQAR), Computer Controlled Air Data Test Set (CCADTS-2), and the Digitas and TP91 Air Data Sensor products.
  • These Curtiss-Wright Penny & Giles branded products are currently manufactured and repaired at Curtiss-Wright Defense Solutions Christchurch, UK facility.
  • Gareth Blackbird, Chief Commercial Officer of Ontic, said Ontic is pleased to continue our Extended Life Solutions to Curtiss-Wright with the addition of these products.
  • Ontic possess over 45 years of aerospace product manufacturing and aftermarket support experience.

Toby Woolrych Appointed as Ontic CFO

Retrieved on: 
Wednesday, February 23, 2022

Ontic the leading manufacturer of OEM pedigree parts and provider of MRO services for established aircraft in the commercial, military, business aviation, and rotorcraft market has today announced the appointment of Toby Woolrych as CFO.

Key Points: 
  • Ontic the leading manufacturer of OEM pedigree parts and provider of MRO services for established aircraft in the commercial, military, business aviation, and rotorcraft market has today announced the appointment of Toby Woolrych as CFO.
  • View the full release here: https://www.businesswire.com/news/home/20220223005613/en/
    Toby Woolrych appointed as Ontic CFO (Photo: Business Wire)
    Toby joins Ontic with over 30 years of experience in financial and business management, having most recently been a CFO at Renewi plc for nearly 10 years.
  • Gareth Hall, CEO of Ontic, said: We are delighted to welcome Toby to Ontic.
  • Talking of his new appointment at Ontic, Toby said: I am really excited to be joining Ontic as CFO in April.