2014-04-23_SADI

Avcorp announces Strategic Aerospace and Defence Initiative Funding Agreement with the Government of Canada

April 23, 2014

VANCOUVER: Avcorp Industries Inc. (TSX: AVP) (the “Company” or “Avcorp”) today announced that it has received a Strategic Aerospace and Defence Initiative (SADI) Contribution Agreement from the Government of Canada for up to $4.4 million to support development of advanced metal bond manufacturing processes and capabilities. In particular, this SADI supported project will assist Avcorp to undertake specific capability development for large, complex metal bonded structural components, for our customers, including The Boeing Company and Cascade Aerospace. This project will also support implementation of Lean Manufacturing process improvements and advancements along our Metal Bond Technology Roadmap. This funding support from the Government of Canada will be instrumental in enabling Avcorp to achieve these capability and competitiveness enhancements in a timeframe that meets both our customers’ requirements and the demands of the market. “I would like to express my gratitude for the confidence shown in Avcorp by the Government of Canada and by our Customers.” said CEO Mark van Rooij.

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 380 skilled employees and 340,000 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)

Contact:
Sandi DiPrimo, Investor Relations Contact | 604-587-4938
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