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Erickson Renews Second Timber Harvesting Contract

PORTLAND, Ore., Feb. 04, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, has renewed a longstanding contract for aerial timber harvesting with Vancouver-based Western Forest Products (WFP), one of the largest lumber producers in Canada. This is Erickson’s second timber harvesting contract renewal this year. Last month, the company renewed a separate timber harvesting contract with Helifor in Western Canada.

Under the WFP contract, one S-64 Aircrane will fly in western British Columbia on multiple timber sites. In addition to the helicopter, Erickson will supply pilots, maintenance support crews, parts, and components. The renewed, 12 month contract began on February 1 and is further renewable.

“We are pleased to continue our long standing relationship with Western Forest Products,” said Andy Mills, Erickson’s Vice President of Commercial Aviation Services. “With our capable pilots and reliable crew, the Aircrane is one of the most effective tools for harvesting timber in remote and environmentally sensitive areas.”

About Erickson

Erickson is a leading global provider of aviation services and operates, maintains and manufactures utility aircraft to safely transport and place people and cargo around the world. The Company is self-reliant, multifaceted and operates in remote locations under challenging conditions specializing in Global Defense and Security, Manufacturing and MRO, and Commercial Services (comprised of firefighting, HVAC, power line, construction, timber harvesting, oil and gas and specialty lift). With roots dating back to 1960, Erickson operates a fleet of approximately 80 aircraft, is headquartered in Portland, Oregon, USA, and operates in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit our new website at www.ericksoninc.com.

This press release contains certain statements relating to future results (including, without limitation, “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “predict”), which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including certain other risks or uncertainties more fully described under the heading “Risk Factors” in our most recently filed Annual Report on Form 10-K as well as in the other reports we file with the SEC from time to time, which are available at the SEC’s web site located at http://www.sec.gov. You should not place undue reliance on any forward-looking statements. The Company 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.


Contact Bobby Lambrix - Media requests (503) 505-5885, blambrix@ericksoninc.com Zachary Cotner - Investor Relations (503) 505-5804, zcotner@ericksoninc.com

Source:Erickson, Incorporated