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Trax to enable SIA Engineering Company's new MRO facility in Malaysia

1. Trax will support SIAEC's digital MRO facility in Malaysia. 2. The facility aims for paperless maintenance operations using Trax's products. 3. Utilization of technology will enhance efficiency and reduce turnaround times. 4. Trax's cloud products ensure comprehensive management of maintenance operations. 5. AAR CORP., the parent of Trax, benefits from innovative aviation solutions.

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Why Bullish?

The collaboration likely enhances AAR CORP.'s market position through innovation and efficiency. Similar partnerships in tech-led turnaround solutions have previously driven stock price growth in aviation services.

How important is it?

AAR CORP.'s involvement in this transformative project highlights potential growth in revenue and efficiency, highly relevant for investors.

Why Long Term?

The transition to digital MRO signals industry-wide modernization, influencing long-term operational improvements. Historical shifts towards digital solutions tend to maintain stock benefits over extended periods.

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, /PRNewswire/ -- Trax, a leading global provider of paperless aviation maintenance and engineering software products, announced it will enable the fully digital maintenance, repair, and overhaul (MRO) platform of SIA Engineering Company's (SIAEC's) state-of-the-art heavy maintenance facility in Malaysia. This collaboration signifies a prominent milestone in the paperless movement for the aviation industry, as the new facility will leverage cutting-edge technology to streamline and enhance maintenance operations. With the application of Trax's eMRO and eMobility products, operational processes at SIAEC's facility in Malaysia, Base Maintenance Malaysia (BMM), will be entirely digital, including MRO planning, task execution, release management, and costing. The facility will benefit from: Paperless task execution: Trax's TaskControl application will support the facility by eliminating paper-based workflows and allowing seamless electronic task card execution, increased speed and accuracy, and dependable compliance in maintenance operations.   Expedited check packages: The use of Trax products will significantly reduce turnaround time for maintenance events via a fully digital check package process.   Optimized resource planning: Trax's Production Control application will be deployed to optimize manpower allocation and slot planning processes, enabling the MRO facility to operate at peak efficiency.   Comprehensive inventory and tool management: Trax's eMRO platform will manage all aspects of inventory, warehouse, and tooling, providing maintenance teams with access to real-time information on part availability and tool utilization.   Contract and cost management: eMRO will facilitate contract management and introduce digital invoicing, which will simplify administrative tasks and provide users with transparent and efficient financial interactions. "Developing a new facility that is entirely paperless from the onset marks a significant milestone for Trax, SIAEC, and the industry as a whole," said Andrew Schmidt, Trax's Executive Vice President."Trax's suite of cloud-based products will advance seamless and efficient planning, control, and execution processes at BMM," said Jeremy Yew, SVP of Base Maintenance. "When BMM commences operations, this modern, digital MRO facility will support our commitment to quality, safety, and operational reliability for our global customers."About TraxTrax is the premier provider of aviation maintenance mobile and cloud products in the global aviation market and a wholly-owned subsidiary of AAR CORP. (NYSE: AIR). Trax products support digital signatures, paperless working, including workpacks and manuals, RFID-capability for logistics, biometric security, offline capability for its suite of mobile apps, web-based applications, and the ability for users to work anywhere with easy access to real-time information. Through its eMRO and eMobility products, Trax provides comprehensive software solutions designed to manage all aspects of aircraft maintenance. Additional information can be found at trax.aero.About SIAECSIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. SIAEC has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at more than 30 airports in 9 countries, as well as airframe, engine and component services on some of the most advanced and widely used commercial aircraft in the world. The 25 subsidiaries and joint ventures with original equipment manufacturers and strategic partners in Singapore, Cambodia, Hong Kong, Indonesia, Japan, Malaysia, Philippines, United States of America and Vietnam increase the depth and breadth of the Company's service offerings. SIAEC has approvals from 28 national aviation regulatory authorities to provide MRO services for aircraft registered in the United States of America, Europe, China and other countries.ContactMedia Team[email protected]+1-630-227-5100This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, reflecting management's expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ''anticipate,'' ''believe,'' ''continue,'' ''could,'' ''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,'' ''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,'' ''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of management, as well as assumptions and estimates based on information currently available to management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to "Risk Factors" in AAR CORP.'s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond management's control. Management assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. SOURCE Trax WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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