July 15, 2008

Contact: Don Prysi, Operations Manager


Covington, KY Indy Honeycomb President Steve Barnett and Operations Manager Don Prysi recently returned from Le Havre, France, where they signed a three year, $1 Million contract with Aircelle, a French aircraft engine exhaust and nacelle manufacturer owned by the Groupe SAFRAN. The contract allows Indy Honeycomb to continue to produce the titanium structural honeycomb parts for Aircelle’s use in the production of the exhaust system of the Airbus A380. Indy Honeycomb has been producing structural honeycomb for over 12 years but only in recent years have been in dialog with Aircelle. In response to the agreement, Barnett commented, We are pleased that such a strong player in the OEM Exhaust Systems Market as Aircelle has chosen to partner with Indy Honeycomb. We have worked closely with them toward this for nearly three years and are grateful about participating on such an exciting application as the A380.

This contract provides security for technical jobs in Northern Kentucky and creates job opportunities for skilled workers to join the Indy Honeycomb team. The structural honeycomb will be produced in Northern Kentucky and exported to Aircelle in Le Havre, France. Aircelle will install the honeycomb into the exhaust nozzle assembly of the Rolls Royce Trent 900 engines and subsequently transport the assembly to Airbus main plant in Toulouse, France. The current three year contract accounts for nearly 100% of the honeycomb to be used in the production of the Rolls Royce Exhaust System, and allows for the possibility of multiple one year contract extensions. Becoming an approved supplier to SAFRAN and Aircelle is another step toward Indy Honeycomb’s goal to be a first tier supplier in the exhaust portion of the structural honeycomb market.