10th of October 2018
CTT Zonal Drying™ removed as basic equipment on Boeing 787
CTT SYSTEMS AB (“CTT”), the market leader of humidity control systems for aircraft, announces that Boeing has de-selected the Zonal Drying™ equipment on the 787. This as consequence of the Boeing decision to remove the Moisture Control system (“MCS”) as basic equipment on the 787. This decision will have financial impact on CTT from end of 2019.
When entering into force the deleted Zonal Drying™ OEM equipment not only will lead to lowered OEM sales, but also will have impact on correlated IP deliveries and aftermarket sales. In 2017 and first half of 2018, this in total accounted for 15 - 20 percent of CTT Systems’ net revenues.
The removal decision is consistent with other Boeing airplanes utilizing crown ventilation via upper recirculation air. CTT Systems will remain a supplier for the 787, supporting humidifiers to flight deck and crew rest compartments.
“Although an unwanted change for CTT Systems, our target market for Zonal Drying™ is primarily single aisle aircraft,” comments Torbjörn Johansson CEO at CTT Systems. “We are pleased to notice that our humidifiers in flight deck and crew rests are frequently selected on Boeing 787 and highly appreciated amongst pilots and crew.”
About CTT Systems
CTT Systems is the market leading provider of humidity control systems in aircraft, including moisture control systems to prevent fuselage condensation, and humidifiers to improve climate for crew and passengers. CTT Systems’ products are offered for retrofit installations and line-fit on Airbus A380, A350, Boeing 787 and Boeing 777X. The crew humidifier is standard in all crew rest compartment fitted Boeing 787 aircraft and optional in the crew rest compartment on Boeing 777X, A380 and A350. The flight deck humidifier is SFE listed on A350, Boeing 787 and Boeing 777X. Inflight humidification is SFE listed for First/Business Class on Airbus A350 (Zone 1-3) and Boeing 777X (Zone 1 and 2). The Zonal Drying™ anti-condensation system is optional A350XWB and available for BFE line-fit on Boeing Next-Generation 737-800. CTT products are also available for retrofit installations on all Airbus and Boeing aircraft. For more information www.ctt.se
For additional information:
Torbjörn Johansson, CEO, CTT Systems AB.
Tel. +46-155-20 59 01 alt. mobile. +46-70-665 24 46, or E-mail email@example.com
This information is disclosed by CTT Systems AB in accordance with the EU Market Abuse Regulation (MAR) and the Swedish Securities Markets Act, the Swedish Financial Instruments Trading Act, or the requirements stated in the listing agreements. The information was submitted for publication on October 10, 2018 at 08:30 (CET).