Year: 2020

Dukane Seacom Receives BSH Approval for DKM590 Maritime 90-Day Underwater Locator Beacon With Low-Lithium Battery

Posted on by Nathan Traish

SARASOTA, Fla., June 2, 2020 – Dukane Seacom (a HEICO Company, NYSE: HEI, HEI.A) has received a Statement of Conformity from BSH for the DKM590 90-Day Maritime Underwater Locator Beacon and Low-Lithium Battery.  The DKM590 meets the requirements of MSC.333 (90), MSC.163 (78), and SAE AS8045A:2011.

Dukane Seacom’s new DKM590 maritime underwater locator beacon (ULB) provides 90-days of operational life and uses lower lithium content batteries allowing for less restricted hazardous goods shipping processes.

The DKM590 is also fully compliant with the latest DO-227A Lithium Battery requirements and meets all non-rechargeable lithium battery special conditions requirements for installation.

The DKM590 builds on Dukane Seacom’s industry leading ULB technology by providing common installation and maintenance processes as Dukane Seacom’s existing 90-day ULBs. This common design and maintenance approach will provide VDR manufacturers and maritime fleet operators reliable performance and reduce shipping and handling costs with the new low-lithium technology batteries.

“We are excited to have achieved BSH’s Statement of Conformity for our maritime ULB. The DKM590 expands on Seacom’s experience in the maritime industry with a new ULB that offers lower lithium content and improved performance over existing beacons,” said Jim Stillwell, Director of Business Development for Dukane Seacom.

With over 50 years of industry experience, Dukane Seacom has the largest install base of underwater locator beacons (commercial, military, and business jets) with over 120,000 ULB installed on ships and aircraft. This unmatched reliability and expertise are why OEMs and fleet operators put their trust in Dukane Seacom products.

About Dukane Seacom

Sarasota, FL-based Dukane Seacom Inc. is the world’s leading supplier of emergency locator devices for the aviation and marine markets. Dukane Seacom beacons are installed on the global commercial and business jet aircraft fleets, military fixed wing, and rotary aircraft, as well as maritime and specialty underwater applications. For more information please visit www.dukaneseacom.com.

About HEICO

HEICO Corporation is engaged primarily in certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO’s customers include a majority of the world’s airlines and overhaul shops as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at www.heico.com.

The Company has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. The stock symbols for HEICO’s two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO’s Class A Common Stock symbol (HEI.A) to HEI/A or HEIa.

Radiant Power / Dukane Seacom announces Bradenton facility expansion

Posted on by Nathan Traish

Radiant Power / Dukane Seacom, which manufactures products installed on commercial, business and general aviation aircraft, as well as military fixed wing and rotary wing aircraft, has completed a 10,000-square-foot expansion of its southern Manatee facility.

Radiant Power Corp & Dukane Seacom this week announced its fourth expansion since 2012, growing to 50,000-square-feet [Bradenton.com article link below]

https://www.bradenton.com/news/business/article242371181.html

Customer Update #3 on COVID-19 and Business Operations Impacts

Posted on by Nathan Traish

Radiant Power/Dukane Seacom (RPC/DS) continues to monitor local, state, and federal guidance on the coronavirus (COVID-19) crisis. Currently our facility is open, but we have taken steps to reduce
headcount in the building to allow for social distancing. Approximately 40% of our team (sales,engineering, finance, and other administrative functions) are operating remotely or working on alternating
days. The direct operations and quality teams continue to report to the facility. We continue to work a single shift, 4-day/40hr work week.

Due to the ongoing decline in backlog and sales caused by this crisis, we are implementing the following work schedule. Starting in May, we will operate on a 3-week production schedule with a 1-week facility
shutdown. This will continue through July.

Our sales/customer service team will work to communicate any production/delivery changes in advance,
but we do not anticipate significant disruptions. Our AOG process remains in place.

May – 2020
May 1-22 Normal operations
May 25-29 Facility shutdown

June – 2020
June 1-19 Normal operations
June 22-26 Facility shutdown
June 29-July 3 Normal RPC/DS Summer shutdown

July – 2020
July 6-July 24 Normal operations
July 27-31 Facility shutdown

While this modified schedule may seem disruptive, we are confident with advanced planning and coordination we will continue to meet customer obligations. More importantly, it preserves our team and
gives us the ability to quickly ramp up as sales improve once this crisis abates. We will continue to monitor market conditions and communicate any further adjustments, should they be needed.
Please feel free to contact your sales representative if there are any specific questions. We wish you continued good health.

Regards,
Anish Patel

Update on COVID-19 and Business Operations

Posted on by Nathan Traish

Radiant Power/Dukane Seacom (RPC/DS) is closely monitoring the international situation in regards to the spread of COVID-19, and we are taking extra precautions to protect the health and safety of our staff, customers, and vendor partners, and to further ensure that RPC/DS can stay open for operation during this time while continuing to deliver products as expected.

Currently we are not experiencing any material delays due to the Coronavirus and our operations in Sarasota, Florida remains open. We are in contact with our core suppliers and are taking precautions by ordering additional inventory to circumvent any delays that may arise due to the Coronavirus as it continues to be a global supply chain concern. As you are aware this is a dynamic situation and we will advise if circumstances change.

We are following recommendations from health authorities to help implement a safe, supportive work environment for our employees during this time and are working hard to minimize any impact the COVID-19 outbreak may have on meeting our customer commitments.

If RPC/DS becomes aware of any impacts that may affect delivery of open orders or forecasted opportunities, we will communicate that information as soon as possible. Please feel free to reach out to us at 941-739-3200 if you have any additional questions or concerns.

Anish Patel
President, Radiant Power Corp & Dukane Seacom Inc.



HEICO Corp. Subsidiary buys preeminent aircraft panel product line

Posted on by Nathan Traish

Hollywood, FL, Sarasota, FL, and Kirkland, WA – December 24, 2019, HEICO Corporation (NYSE: HEI.A and HEI) today announced that its Radiant Power Corp. (“Radiant Power”) subsidiary acquired 100% of the business and assets of the Human-Machine Interface (“HMI”) product line of Spectralux Corporation in an all cash transaction. Radiant Power is part of HEICO’s Electronic Technologies Group.

HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were not disclosed. The purchase is HEICO’s seventh acquisition in the past year.

A leader in its field, the HMI Product Line, which has a significant installed base and is standard equipment on numerous in-production commercial transport aircraft, designs, manufactures, and repairs flight deck annunciators, panels, indicators, and illuminated keyboards, as well as lighting controls, and flight deck lighting.

 

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