See What People are Saying about the Poly Studio USB Video Bar

Poly | November 13, 2019

“The Polycom Studio is fantastic because it gives organisations access to the flexible huddle room environments they need, without asking them to deal with complicated tools and technology. The Polycom Studio is a powerful piece of equipment, but it’s not complicated or daunting. Unlike other solutions on the market today, it’s designed to simply fade into the background, providing support you can rely on, without the complexity.” Polycom Studio offers several advanced features that set it apart from competing, similarly priced products, such as active speaker tracking and background noise suppression. Polycom Studio is, in fact, dead simple to install. Audio quality was outstanding. Video quality was equally good. It brings surprisingly powerful conferencing tools to any room that has a monitor/tv and a computer. Under $1000, it’s an excellent solution for any organization needing access to video conferencing

Spotlight

Continental's six-cylinder engines are among the smoothest and most economical aircraft engines in the industry. Now Vitiatoe Aviation is offering improvements for the Cessna 206/207 series engines that include crossflow induction for even smoother and more economical operation. Here's an AVweb profile of the company.


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DEFENSE AND SPACE

Aerospace Plastics Market Analysis By The Business Research Company

The Business Research Company | July 04, 2022

The aerospace plastics market consists of sales of aerospace plastics by entities that provide durability, chemical, and fire resistance required for aircraft parts and interiors. Aerospace plastics are long-lasting and require less maintenance than other materials. These are lightweight, provide the same strength as metals, do not rust, and are easy to fabricate. The global aerospace plastics market size is expected to grow from $0.67 billion in 2021 to $0.71 billion in 2022 at a compound annual growth rate of 4.7%. The global aerospace plastics market forecast sees it reaching $0.87 billion in 2026 at a CAGR of 5.4%. Aerospace Plastics Market Growth The increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace plastics market. The aircraft fleet is known as the number of airplanes operated by the respective airline. Increasing fleet size requires new aircraft parts to be installed and the replacement of the old parts, thereby promoting the growth of aerospace plastics used in the manufacturing of aircraft parts. For instance, according to Boeing, a US-based aerospace company's commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the aerospace plastics market. Aerospace Plastics Market Regional Analysis North America accounts for the largest aerospace plastics market share. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global aerospace plastic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Interested to know more about The Business Research Company? The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. The World's Most Comprehensive Database The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

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AVIATION TECHNOLOGY

Evolv Technology Works To Set Standards for Sensitive Information in the Physical Security Industry

Evolv Technology | August 16, 2022

Evolv Technology, the global leader in AI-based weapons detection security screening, recently surveyed security professionals at Evolv’s customers’ organizations on the topic of transparency and sensitive security information and reports that 96% of the two dozen respondents believe that such information should not be made available to the general public.The need to provide transparency without helping potential attackers is a fundamental paradox of the security industry. While aviation security has clear specifications classified by the Transportation Security Administration in the US and European Civil Aviation Conference in the EU, other venues for which advanced security screening is being used have not yet formalized set standards around transparency. Evolv is working to set that standard. The company discloses sensitive information only to trusted security partners to prevent the exposure of potential vulnerabilities and compromising customers’ security plans. The Company recently underwent NCS⁴’s operational exercise with its Express® system and earned an overall composite score of 2.84 out of 3 and chose not to make the full report public as part of the Evolv transparency statement. It is a position agreed to by leading security experts as methods of advanced screening continue to be used in more venues around the world.The less that is shared with the general public the better chance we all have at someone not finding a weak point in any security posture,” said one of the survey respondents. People who say that absolute transparency is best simply don't understand the security business,” said John Pistole, former administrator of the United States TSA and a former deputy director of the Federal Bureau of Investigation. “They apparently don't have an informed perspective or insight into just how determined bad actors are in their efforts to harm individuals, countries, and companies.Security professionals do not want anyone to release information that helps attackers defeat their systems,” said Randy Smith, western region director, Security Detection. “Fans, students, concertgoers, and healthcare workers have a right to their safety. To release sensitive security information is irresponsible and potentially life threatening. “Similar to cybersecurity and counterterrorism, protecting the methods and means, and sharing them only with trusted security partners is critical to preventing the exposure of potential vulnerabilities. All systems have weaknesses. In aviation, it's illegal for the people who know all the details to share them publicly, Mike Ellenbogen, cofounder and chief innovation officer at Evolv. “Established security experts understand the basic requirement to keep detailed sensitive information away from anybody who might use the information to exploit or attempt to penetrate a physical security system, and that includes the general public. Those who are saying otherwise truly do not understand the industry and are putting the public at risk. Evolv’s mission is to make everywhere safer. Public disclosure of sensitive security information objectively makes people less safe.” Mike Ellenbogen, cofounder and chief innovation officer at Evolv. About Evolv Technology Evolv Technology (NASDAQ: EVLV) is transforming human security to make a safer, faster, and better experience for the world’s most iconic venues and companies as well as schools, hospitals, and public spaces, using industry leading artificial intelligence (AI)-powered weapons detection and analytics. Its mission is to transform security to create a safer world to work, learn, and play. Evolv has digitally transformed the gateways in places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv’s advanced systems have scanned more than 250 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. Evolv has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT) as well as the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category. Evolv Technology, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions.

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BUSINESS AVIATION

Precision Aviation Group, Inc. Enters Into a Definitive Agreement to Acquire PTB Group

Precision Aviation Group | August 24, 2022

GenNx360 Capital Partners ("GenNx360") announced today that its portfolio company, Atlanta-based Precision Aviation Group, Inc. ("PAG"), a leading provider of products and value-added services to the aerospace and defense industries, has entered into a definitive agreement to acquire PTB Group (PTB). PTB is listed on the Australian Securities Exchange (ASX: PTB) and the transaction is currently scheduled to close in the 4th quarter of 2022, post receiving required shareholder and regulatory approvals. PTB provides maintenance, repair, and overhaul services (MRO) on Pratt & Whitney PT6 and Honeywell TPE331 engines, leases engines and airframes, and provides aviation supply chain services. PTB is made up of the following entities: Pacific Turbine USA Group (a/k/a Prime Turbines) with locations in Texas, Arizona, Florida, and Pennsylvania, Pacific Turbine Brisbane and Pacific Turbine Leasing, both in Brisbane, Australia and International Air Parts located in Sydney, Australia. Daphne Dufresne, the GenNx360 Managing Partner who leads the PAG investment said, "I am pleased to assist the PAG team on its continued positive growth trajectory. The PTB acquisition is highly strategic, and we are excited about the expansion of PAG's Engine Services Capabilities and increasing their market share in this vertical. This strategic expansion is a testament to PAG's management team and their strong execution." "We are excited about adding PTB to the Precision Aviation Group of Companies. The addition of PTB increases PAG's repair stations to 20 worldwide, expands our Engine Services Division with the addition of the PT6 and TPE331 engines, and significantly enlarges our Supply Chain Services business. Stephen Smith and his team, like PAG, are focused on exceptional customer service and exceeding customer expectations. We look forward to this partnership, David Mast, President and CEO of PAG. Stephen Smith, PTB's Managing Director and CEO said, "We are pleased to be entering into this definitive agreement with PAG and believe they will be a good future owner of the Company. PAG is committed to continuing to expand our products and services and ensuring continued opportunities for our workforce of approximately 150 people. PAG has a shared vision with PTB, and I see an exciting future ahead." "Our interest in PTB is a continuation of the PAG strategy to increase the company's repair portfolio through synergistic acquisitions and to better serve our customers. This investment would be the seventh PAG bolt-on executed under GenNx360's ownership", said Pratik Rajeevan, GenNx360 Principal on the transaction. About Precision Aviation Group PAG is a leading provider of products and value-added services to the aerospace and defense industry worldwide. With 16 Repair Stations globally, and over 650,000-square-feet of sales and service facilities. PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain – and its trademarked Inventory Supported Maintenance, Repair and Overhaul (ISMRO®). PAG provides MRO and Supply Chain Solutions for Fixed and Rotary-wing aircraft. PAG subsidiaries have MRO and manufacturing capabilities on over 150,000 products focused on 4 verticals – Avionics, Components, Engines and Sub-Assembly/DER/Manufacturing Services. (www.precisionaviationgroup.com). PAG is owned by global investment firm GenNx360 Capital Partners. About PTB Group PTB Group is an ASX listed aviation company which provides the following services globally: Maintenance, repair and overhaul services ("MRO") services for Pratt & Whitney PT6 and Honeywell TPE331 Engines Aircraft/Engine Leasing Aircraft and engine related supply chain services. About GenNx360 Capital Partners GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business-to-business companies. GenNx360 invests in companies with proven and sustainable business models in expanding industries, with the objective of implementing value-enhancing operational improvements to accelerate growth, deliver efficiencies and generate strong financial returns. Target industries include aerospace & defense, business & industrial services, automation & industrial technology, packaging products, industrial machinery and components, equipment services, environmental services, and food ingredients/equipment/services. GenNx360 was founded in 2006 and is headquartered in New York City.

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AVIATION TECHNOLOGY

Leidos to acquire Cobham Aviation Services Australia's Special Mission business

Leidos | August 03, 2022

Leidos a FORTUNE® 500 science and technology leader, announced it has entered into a definitive agreement with Cobham Limited to acquire Cobham Aviation Services Australia's Special Mission business. The Special Mission business provides airborne border surveillance and search and rescue services to the Australian Federal Government. The acquisition is subject to customary closing conditions, including regulatory approvals. "Cobham's Special Mission team conducts essential operations that protect Australia's borders, support law enforcement and environmental protection and save lives. The integration of Special Mission into Leidos Australia will expand the scope of our global airborne ISR capabilities, diversify revenues, and open up new growth avenues." Leidos Chairman and CEO Roger Krone "I have the greatest respect and admiration for Cobham's Special Mission team and their performance in service to the Government," said Leidos Australia Chief Executive Paul Chase. "The addition of the Special Mission business will bring new, expansive services to our offerings across Australia. I look forward to working with this exceptional team." "This is a perfect match," said Cobham Aviation Services Chairman Kim Gillis. "Leidos has remarkably complementary operations to Cobham Special Mission in airborne ISR, as well as deep platform integration expertise, and both organisations uphold exceptional track records of delivering mission critical services to government and defence customers." "I'd like to recognise and thank all of the Special Mission team for their continued dedication and commitment to delivering operational outcomes for our customers," Managing Director of Special Mission James Woodhams said. "I'm really excited about what the future holds for the team as part of Leidos." Cobham Special Mission owns and operates 14 modified aircraft to deliver critical services across Australia, including Conducting one of the world's largest outsourced civil maritime surveillance operations under contract with the Australian Border Force, patrolling Australia's 8.2 million square kilometre Exclusive Economic Zone; Providing fixed wing search-and-rescue response capability over land and sea on behalf of the Australian Maritime Safety Authority (AMSA); and Operating a highly specialised mission aircrew training system for more than 30 mission aircrew per year. About Leidos Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 43,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021.

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Spotlight

Continental's six-cylinder engines are among the smoothest and most economical aircraft engines in the industry. Now Vitiatoe Aviation is offering improvements for the Cessna 206/207 series engines that include crossflow induction for even smoother and more economical operation. Here's an AVweb profile of the company.

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