NEW AGREEMENT SIGNED BETWEEN SRTECHNICS AND ARMAC SYSTEMS FOR ITS RIOSYS SOFTWARE

Armac Systems has signed a major software and services agreement with SR Technics, one of the world’s leading independent providers of technical services for the civil aviation sector.  Under the terms of the agreement, SR Technics will expand its deployment of Armac’s RIOsys inventory planning solution software as well as consultancy support services.  It also makes provision for SR Technics to further deploy Armac’s RIOsys software as needed across other aerospace business units of the Mubadala Development Company, the Abu-Dhabi based owner of SR Technics. Where it has been applied to date in SR Technics, RIOsys has delivered 25% reductions