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AISystems Announces New "APPS" Marketing Strategy for its jetEngine Business Planning Suite(February 14, 2011)
KIRKLAND, WASHINGTON -- (Marketwire) -- 02/14/11 -- AISystems, Inc. (OTCBB: ASYI) ("AISystems" or the "Company"), creator of jetEngine, a revolutionary business platform software system for the airline industry, is pleased to announce a new marketing strategy that involves developing "Apps" for its jetEngine Business Planning Suite ("jetEngine BPS") platform.
With the success that Apple has had developing Apps for its iPhone and iPad platforms, AISystems has taken a similar approach to developing Apps for its jetEngine BPS Platform - creating a specific airline solution produced as a concentrated management consulting case study.
Airlines frequently use management consultants, often paying millions of dollars for a few months of consulting on a specific problem. A jetApp is a specific App that runs on jetEngine BPS and will solve a similar problem that would normally get solved with months of management consulting. The difference being that a jetApp solution is produced in minutes instead of months and can be used as often as the airline wishes.
AISystems has surveyed the airline industry over the last few years and has ascertained the top problems facing airlines and the most important questions in need of answers. jetApps provide a unique solutions map for these problems, allowing an airline to solve them in a unique fashion. jetApps will run on top of the jetEngine BPS Platform and provide a methodology and process, together with the analytics to understand and solve each problem.
To highlight one of the more consequential aforementioned problems facing airlines as an example, fuel modeling, the jetApp-Fuel Application is its respective AISystems solution. Airline business plans are highly dependent on the price of fuel, which can vary quickly in today's volatile commodity market. An airline needs to know the impact going forward on its business for different prices of fuel and how to mitigate or take advantage of changes in the price of fuel. The jetApp-Fuel application allows the airline to model its unique conditions for different prices of fuel, under a variety of different scenarios: changing routes and route frequencies; absorbing the price change or adopting a surcharge for fuel; modeling what action to take based on how the airline's competition might respond; right sizing the fleet and crew for changes in the business model; and a host of other scenarios.
For each jetApp-Fuel scenario a complete business plan is produced with full financials and a fully feasible, constraint compliant route & fleet schedule plan, with a crew schedule and maintenance schedule. jetApp-Fuel explores and models thousands of alternatives in a day and is equivalent to thousands of man-years of effort under current systems.
Stephen C. Johnston, President & Chief Executive Officer of AISystems stated, "We began working on the concept of the jetApps several months ago and it has been very well received by the individuals in the airline and technology industries that we have had the opportunity to show it to thus far. It is a timely product offering and really gives the airlines what they are looking for, which are specific, concrete & powerful solutions."
AISystems expects to release up to 40 jetApp applications starting in Q2 of 2011.
AISystems has developed a unique, proprietary business platform software system for the airline industry called jetEngine, which is comprised of systems and mathematical algorithms capable of generating significant profitability improvements through strategic business planning capabilities, resource scheduling, revenue management and integrated operations. More information about AISystems can be found at www.aisystems.org.
Safe Harbor Statement
This press release may contain "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10-K and in the Company's recent report on Form 8-K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.
Stephen C. Johnston
President and Chief Executive Officer
+1 (425) 749-7287
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