Goodrich Corporation (ticker: GR, exchange: New York Stock Exchange (.N))
News Release -
14-Nov-2000
BFGoodrich Receives Unprecedented Aerospace Industry Recognition for Product Innovation CHARLOTTE, N.C., Nov. 14 /PRNewswire/ -- Today at the Aerospace Expo 2000,
The BFGoodrich Company was selected by Aviation Week, the event's sponsor, to
receive two Technology Innovation Awards. This is the first time in the four-
year history of the event that a company has received more that one award. At
a ceremony in Long Beach, CA, BFGoodrich's Inflatabelt(TM) restraint system
and IceHawk(TM) wide area ice detector were both presented with the award. (Photo: http://www.newscom.com/cgi-bin/prnh/20000314/CHTU013-a ) This recognition follows two earlier occasions this year when the company
was recognized for its technical and product innovations. In April, Discover
Magazine called BFGoodrich's newest technology for aircraft ice protection the
most innovative invention for the aerospace industry in the year 2000. In
October, BFGoodrich's microelectromechanical systems (MEMS) flexible strain
gage was honored with the prestigious Best of Sensors Expo award by the
editors of Sensors Magazine. According to Dr. Jerry Lee, Senior Vice President Technology and
Innovation, "We are delighted to be recognized for such honors. Goodrich
takes great strides to foster a culture that encourages innovation at every
level and these awards are evidence that our efforts are paying off. In fact,
our new product and technology pipeline has never been more robust." At Goodrich, an innovation strategy is required to be included in every
strategic business plan. The company uses Management of Innovation training
to develop the skills necessary to build a culture that encourages, rewards
and fosters an environment conducive to innovation. Harvard University,
Massachusetts Institute of Technology and Stanford University professors lead
the course. A BReakthrough Innovation Thrust for Excellence (BRITE) program
also encourages the development of new ideas, assesses their breakthrough
potential and facilitates market introduction. An example of this commitment to innovation in action is BFGoodrich's
Inflatabelt passenger restraint system -- a unique inflatable seat belt. It
uses a lap seat belt that inflates to pretension, hold, cushion and better
protect aircraft passengers. This patented design is the only belt on the
market which pretensions the belt removing slack, therefore holding passengers
firmly in their seats. Unlike other airbag technologies, the Inflatabelt
system is designed to work only with a seat and doesn't require any type of
structure in front of it. Aviation Week selected the Inflatabelt system for
this award because BFGoodrich has literally created a new product category
that will cross into many industries resulting in a potentially huge positive
impact on occupant safety. Inflatabelt is part of BFGoodrich's SmartBelt(TM)
restraint system family of products. The SmartBelt system family of products
has the potential to protect millions of people in planes, trains, automobiles
and school buses. The company's IceHawk wide area ice detector appealed to the judges at
Aviation Week because of its ease of use as well as its potential impact on
safety. BFGoodrich's patented IceHawk technology is based on an infrared
light beam that instantly provides a picture of frozen contaminants such as
snow, frost, slush or ice on any type of aircraft surface. Because the
IceHawk system can "see through" materials such as de/anti-icing fluid,
hydraulic fluids and fuel, it can detect frozen contaminant build-up
underneath, which is often difficult with traditional inspections. This
allows for more complete and rapid detection. BFGoodrich and Dartmouth's Thayer School of Engineering are also working
together on the development of a new technology for aircraft ice protection
that Discover Magazine has cited as the most innovative invention for the
aerospace industry in the year 2000. It works by attaching electrodes
directly to aircraft surfaces. The electrodes can break down ice and water
when gas bubbles of hydrogen and oxygen are formed through the process of
electrolysis. These bubbles generate pressure on the aircraft surface and
therefore shed off the ice. The Best of Sensors Expo award was given to BFGoodrich's MEMS flexible
strain gage based on the product's timeliness, current availability,
uniqueness, superior technical performance and its enabling nature to solve a
broad spectrum of current, demanding sensing applications. The MEMS strain
gage is the first BFGoodrich product to be introduced to the merchant sensor
market. The BFGoodrich Company (NYSE: GR) has its headquarters in Charlotte, North
Carolina and employs 27,000 people worldwide. BFGoodrich's major business
segments currently include Aerospace, Performance Materials and Engineered
Industrial Products. Its Aerospace Segment, which accounts for $3.6 billion
of the company's $5.5 billion in annual sales, is one of the world's leading
suppliers of components, systems, and services to the aerospace industry. The
company was recently included as number six in Fortune magazine's top 10
ranking of the most admired companies in the aerospace industry. In April
2000, the company announced plans to divest the Performance Materials Segment.
For more information, please visit our website at www.bfgoodrich.com. SOURCE The BFGoodrich Company Web site: http: //www.bfgoodrich.com Photo: NewsCom: http: //www.newscom.com/cgi-bin/prnh/20000314/CHTU013-a AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 201-369-3467 CONTACT: Gail K. Warner of The BFGoodrich Company, 704-423-7048, or fax, 704-423-7127 |