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Quickstep Secures Inaugural Manufacturing Development Contract with Airbus Unit

25 August 2007

Quickstep’s German subsidiary, Quickstep GmbH, has secured its first contract with Airbus Deutschland GmbH at Laupheim, the developer and producer of interior components for the Airbus family of aircraft, including the new A380 aircraft.

The landmark development contract, which Quickstep says represents a significant breakthrough in the company’s entry to the global aerospace sector, follows the signing of a Cooperation & Development Agreement (CDA) with Eurocopter in May this year.

The first work to be conducted at the new site will involve the manufacture of prototype parts.

Quickstep said that the new QS20 composites production plant, located at EADS Group in Ottobrunn, Munich, has now been fully commissioned, and is ready to commence product development work for a select group of European customers. The new facility will also underpin work to be carried out under the CDA with Eurocopter.

Quickstep’s Managing Director, Mr Nick Noble, said the contract with Airbus Deutschland in Laupheim represented another significant milestone for the Company, following hard on the heels of the successful launch of the new production facility in Germany.

“We are very pleased that the first program in the newly established production facility will be manufacturing development work with one of the world’s aerospace leaders,” Mr Noble said. “This highlights the value of our strategy of establishing showcase sites in close proximity to key target markets to enable us to work more closely with potential customers.”

“We are exceptionally pleased by the positive response we have already received in Germany, with two of the largest participants in the European aerospace sector – Eurocopter and Airbus – having already committed to development work,” Mr Noble said. “Quickstep has a strong management team based in Germany who will continue targeting key European companies with an interest in the Company’s composites manufacturing technology, and we expect our German operations to contribute substantially to the company’s growth in the years ahead.”

Mr Noble said that, while details of the contract with Airbus Deutschland GmbH in Laupheim would remain confidential, the prototype parts were scheduled to be delivered by the end of September. “We are confident that these initial manufacturing development programmes, if successful, may lead to additional opportunities down the track,” he added.





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