Breeze-Eastern Corp. (NYSE Amex: BZC) announced that its President and CEO Mike Harlan, joined by members of Breeze-Eastern's Board of Directors and Leadership Team, will ring the opening bell at the New York Stock Exchange on Thursday, August 12, 2010, to commemorate completion of the relocation of the company's headquarters and operations to its new facility in Whippany, NJ. After over 50 years in its Union, NJ facility, this relocation is part of a revitalization of the company that includes:
New leadership: new CEO and CFO in January, 2010
Investment in world-class facilities, systems, and processes
Product innovation: market-leading rescue hoists, cargo hooks, cargo winches, and other high performance lifting and positioning equipment for U.S. and international helicopter and military cargo aircraft manufacturers and operators and other aerospace/defense customers
Stronger customer focus and innovative business models
Mr. Harlan explained "We take very seriously the responsibility that comes with making the equipment that heroes use to save lives every week; a prototype Breeze-Eastern rescue hoist was used in the first at-sea helicopter rescue in 1945 and our rescue hoists are used on thousands of search and rescue helicopters around the world today. We are also honored that manufacturers of the newest military cargo aircraft and other aerospace/defense platforms have chosen Breeze-Eastern to provide mission-critical equipment. " Mr. Harlan continued "We are glad to show that U.S. manufacturing companies can still thrive even in relatively high cost states like New Jersey. We continue to succeed through innovation, safeguarding our proprietary intellectual property, and focusing on specialty areas where we can offer our customers superior value and service. We decided to stay in New Jersey because of our dedicated employees and suppliers and their specialized understanding of how we do what we do."