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TheStreet Open House

Avcorp Receives Boeing Performance Excellence Award

Stocks in this article: AVP

Common Stock Listed Toronto Trading Symbol: AVP

VANCOUVER, Jan. 17, 2013 /PRNewswire/ - Avcorp Industries Inc. ("AVP" or the "Company") today announced that it has received a 2012 Silver Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. Avcorp maintained a Silver composite performance rating for each month of the 12-month performance period, from Oct. 1, 2011, to Sept. 30, 2012.

This year, Boeing recognized 594 suppliers who achieved either a Gold or Silver level Boeing Performance Excellence Award. Avcorp is one of only 441 suppliers to receive the Silver level of recognition.

"Winning this award for a second year in a row is an honour and demonstrates our employees' focus on meeting customer expectations through a culture of operational excellence, continuous improvement, hard work and sustained superior performance" said Mark Van Rooij, President and CEO of Avcorp.

Avcorp supplies integrated aerostructure assemblies, metal bonded components, and bench-top assemblies to Boeing locations in Seattle, Everett, Renton, Salt Lake City, Long Beach, Winnipeg and Philadelphia for several Boeing Commercial Airplanes and Boeing Defense and Space Programs.

About Avcorp

Avcorp designs and builds major airframe structures for some of the world's leading aircraft companies, including BAE Systems, Boeing, and Bombardier. With more than 50 years of experience, over 400 skilled employees and 354,000 square feet of facilities in Delta BC and Burlington ON, Avcorp offers integrated composite and metallic aircraft structures to aircraft manufacturers, a distinct advantage in the pursuit of contracts for new aircraft designs, which require lower‐cost, light weight, strong, reliable structures. Our Burlington location also offers composite repairs for commercial aircraft. Avcorp is a Canadian public company traded on the Toronto Stock Exchange (TSX:AVP).

(signed)

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