This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Air Methods Purchases 150 Appareo Vision 1000 Flight Data Monitoring Devices

Stock quotes in this article: AIRM

DENVER, July 25, 2013 (GLOBE NEWSWIRE) -- Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, today announced it has entered into an agreement with Appareo Systems to purchase 150 Vision 1000 flight data monitoring (FDM) devices. These devices will allow Air Methods to capture a variety of critical flight data and then analyze the data as part of its FDM program. The Company currently has 41 aircraft equipped with Appareo flight data recorders.

"We are pleased to continue our commitment to a comprehensive flight data monitoring program," said Aaron Todd, chief executive officer, Air Methods. "We believe this program provides objective and actionable evidence to help us proactively mitigate risks. By conducting routine analysis of this flight data over a period of time, we will be able to see if undesired behaviors and trends emerge. If so, we can make changes to our training or procedures before these behaviors lead to an incident."

The Vision 1000 system captures event sets such as time, date, longitude, latitude, altitude, ground speed, vertical speed, heading, pitch and roll attitude, pitch, roll and yaw rates, as well as normal, lateral, and longitudinal acceleration. The data is stored on a crash-hardened memory module as well as a removable secure digital card. These incoming Vision 1000 systems are slated to be installed on Eurocopter AS350, EC130 and Bell 407 aircraft already in the fleet. In addition to these 150 units, the Vision 1000 system is already standard equipment on all new-delivered AS350s. In December 2012, Air Methods committed to purchasing six new AS350s. Installing flight data recording devices and establishing a structured flight data monitoring program were items included in the 2009 National Transportation Safety Board (NTSB) recommendations to public Helicopter Emergency Medical Services operators.

Air Methods Corporation ( www.airmethods.com ) is the global leader in air medical transportation. The Air Medical Services Division is the largest provider of air medical transport services for hospitals and one of the largest community-based providers of air medical services. United Rotorcraft Division specializes in the design and manufacture of aeromedical and aerospace technology. The Tourism Division is comprised of Sundance Helicopters, Inc., which provides helicopter tours and charter flights, primarily focusing on Grand Canyon tours. Air Methods' fleet of owned, leased or maintained aircraft features over 400 helicopters and fixed wing aircraft.

Please contact Christine Clarke at (303) 792-7579 to be included on the Company's e-mail distribution list.

CONTACT: Tracey Budz, Director, Corporate Communications
         (303) 256-4122 or tbudz@airmethods.com

Air Methods Corporation

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs