INVESTOR & ADHOC NEWS

The award of the new voice communication system contract is a major milestone for Frequentis and Austro Control, which continues decades of successful cooperation. Austrian technology company Frequentis will provide a highly innovative solution that will enhance Austria's air traffic control, in line with future requirements. Despite challenging COVID-19 conditions, the project is progressing according to plan, with initial site acceptance taking place in early July.

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• Austro Control and FREQUENTIS encouraged by success of new Homebriefing system

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Photo: © Austro Control

"Enabling innovations" is the name of a new initiative of the Austrian Federal Economic Chamber, WKO, which intends to facilitate and initiate innovations in companies and to provide small and medium-sized enterprises (SMEs) the environment they need to effectively investigate the feasibility of innovative ideas. The initiative is based on a partnership between the Austrian Federal Economic Chamber and the public interest-oriented innovation laboratory AIRlabs (Aeronautical Innovation & Research Laboratories) Austria in the framework of the "TAKE OFF" aviation programme. The partnership focuses on the testing of drones in various application areas and economic sectors.

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• FREQUENTIS: Foundation of AIRlabs Austria GmbH strengthens Austrian drone research
• FREQUENTIS: A leader in drone management

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• Aeronautical Message Handling Systems (AMHS) used for processing and transmitting aeronautical messages
• Subsidiary Frequentis Comsoft with strong AMHS competence
• System has been tested and approved in Chile, new order for French overseas territories

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• About Aeronautical Message Handling Systems

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• No impact on customers, suppliers, ongoing projects, and employees
• Despite Corona crisis, Frequentis is working to full capacity with orders
• Additional credit lines available 

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In accordance with the notification of the Financial Market Authority, Commerzialbank Mattersburg im Burgenland AG (Commerzialbank Mattersburg) was prohibited by official decree from continuing its business operations with immediate effect and an auditor was appointed as Government Commissioner (see FMA website). The bank is thus also prohibited from paying out deposits. As of today, Frequentis holds deposits of approximately EUR 31 million with Commerzialbank Mattersburg. Frequentis monitors the situation very closely and evaluates the situation to secure its rights.

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