MTI Global Inc.
TSX : MTI

MTI Global Inc.

March 02, 2010 09:00 ET

C&D Zodiac Selects MTI Global to Supply Insulation Materials for the Bombardier CSeries

MISSISSAUGA, ONTARIO--(Marketwire - March 2, 2010) - MTI Global Inc. (TSX:MTI) announced today that MTI-PolyFab Inc., its aerospace division, has been selected by C&D Zodiac to supply a thermal and acoustic insulation system for the new Bombardier CSeries range of aircraft. 

Bombardier has recorded 90 firm orders and an additional 90 options for CSeries aircraft from Republic Airways, Deutsche Lufthansa AG, and Lease Corporation International Group. The new Bombardier CSeries was launched in July 2008 at the Farnborough International Air Show.

"PolyFab continues to reinforce its market position as a world leading supplier to the regional and business aircraft marketplace," said Bill Neill, President and Chief Executive Officer. "We continue to strengthen our long-term commercial relationships with both C&D Zodiac and Bombardier Aerospace." 

The CSeries aircraft, optimized for the longer-range single-aisle 100- to 149-seat market will deliver the lowest operating costs in their class. Executive Vice President, Marc M. Simard said "At PolyFab, we are thrilled to be a supplier to this new market-changing aircraft. We will be in a position to offer new system technologies along with our extensive industry knowledge to support this new benchmark in aviation."

The CSeries aircraft is scheduled to enter service in 2013. The CSeries family of aircraft will be the greenest single-aisle aircraft in its class. 

About MTI Global Inc.

MTI Global Inc. (TSX:MTI) designs, develops and manufactures custom-engineered products using silicone and other cellular materials. The Company serves a variety of specialty markets focused on three main product categories: Silicone, Aerospace and Fabricated Products. MTI's manufacturing divisions develop and produce silicone foam using patented technology. The Company designs and fabricates energy management systems from a variety of flexible, cellular materials. MTI also produces and distributes specialty silicone elastomer products. MTI's primary markets are aerospace and mass transit. Secondary markets include sporting goods, automotive, industrial, institutional, electronics. MTI's head office and Canadian manufacturing operations are located in Mississauga, Ontario, with manufacturing operations located in Pensacola, Florida; and a contract manufacturer venture in Ensenada, Mexico. The Company's website is www.mtiglobalinc.com.

The foregoing press release contains forward-looking statements and is subject to important risks and uncertainties. Although MTI Global believes that the expectations reflected in any forward-looking statements are reasonable, the results or events predicted in these statements may differ materially from actual results or events. Forward looking statements are based on estimates and assumptions derived from past experience, historical trends, current conditions and expected future developments. Many factors could cause results or events to differ from current expectations, including the impact of price and product competition, general industry and market conditions and growth rates and reliance on key customers. For additional information with respect to these and other factors, see the reports filed by MTI Global Inc. with the applicable securities regulatory authorities at www.sedar.com. MTI Global Inc. disclaims any intention or obligation to update or revise any forward-looking statements.

Contact Information

  • MTI Global Inc.
    Marc Simard
    Executive Vice President
    (905) 564-9700
    or
    Fleishman-Hillard Canada
    Alison Ford
    Investor Relations
    (416) 214-0701