Thu, Feb 23, 2006
Also Receives 'Innovate Albuquerque' Award
Upstart avionics design
and development company Aspen Avionics announced earlier this week
the company recently closed a Series A investment round. The
company has also received the "Innovate Albuquerque" award from the
Greater Albuquerque (NM) Chamber of Commerce.
The "Innovate Albuquerque" award is granted annually by the
chamber to 10 successful entrepreneurial companies in Albuquerque.
Although a wide range of companies are represented by the awards,
Aspen's selection comes as no surprise as the city of Albuquerque
works to bolster its aerospace industry. This is the second year an
aero-company has received the award: Eclipse Aviation won one of
the inaugural Innovate Albuquerque awards in 2005.
"We are honored to receive this recognition," said Peter Lyons,
Aspen’s CEO. "The credit for this most recent award belongs
to the entire team at Aspen who share the vision and the passion of
the founders for making advanced display technology more affordable
for owners of older aircraft."
The Innovate Albuquerque award also comes on the heels of ANN's
recognition of Aspen's flagship AT300 Hazard Awareness Display
(below) as one of the top ten aero-products of
2005.
Aspen Avionics also announced Wednesday the recent closure of a
Series A investment round. Participants in the round included
Granite Ventures, vSpring Capital, Fort Washington Capital
Partners, and Wasatch Ventures.
"This round of financing gives us the capital we need to expand
our product offering and accelerate our penetration into the
market," said Lyons. "We will be adding to our team in all business
areas this year, but especially in engineering, sales, and
marketing."
To accommodate this growth, the company has recently completed a
move into a 7,000 square foot facility located near the Albuquerque
International Sunport.
More News
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]