Aspen Avionics Receives Innovate Albuquerque Award
Aspen Avionics announced today that it was recently awarded the pretigious Innovative Albuquerque Award. The company also announced that it recently closed an outsdie investment round, has relocated to larger facilities, and is adding to its team in all areas of the business.
Albuquerque, NM (PRWEB) February 24, 2006 -- Aspen Avionics, an upstart avionics design and development company, announced today that the company has received the “Innovate Albuquerque” award from the Greater Albuquerque Chamber of Commerce. Each year the chamber grants this award to ten successful entrepreneurial companies who are emerging as innovative companies ready to lead a new era of prosperity. The Innovate Albuquerque award comes on the heels of the company having its flagship product, the AT300 Hazard Awareness Display, being nominated as one of the top ten products of 2005 by internet publication Aero-News Network. “We are honored to receive this recognition” said Peter Lyons, Aspen’s CEO. “The credit for this most recent award belongs to the entire team at Aspen who share the vision and the passion of the founders for making advanced display technology more affordable for owners of older aircraft.”
Aspen Avionics also announced today that the company recently closed a Series A investment round. Participants in the round included Granite Ventures, vSpring Capital, Fort Washington Capital Partners, and Wasatch Ventures. “This round of financing gives us the capital we need to expand our product offering and accelerate our penetration into the market” said Lyons. “We will be adding to our team in all business areas this year, but especially in engineering, sales, and marketing.”
To accommodate this growth, the company has recently completed a move into a 7000 sq ft facility located near the Albuquerque International Airport.
About Aspen Avionics LLC
Aspen Avionics is in the business of designing, developing and distributing technically innovative low cost avionics to meet the economic and operational needs of the piston-engine aircraft market. The company, headquartered in Albuquerque NM, was founded in 2004 by a team of highly experienced avionics professionals and general aviation enthusiasts. The company can be found on the web at www.aspenavionics.com, or may be reached at (505) 856-5034.
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