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Erickson Wins Heavy Lift Contract in Peru

PORTLAND, Ore., April 05, 2016 (GLOBE NEWSWIRE) -- Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, has been selected for the transport and precision placement of oil and gas equipment by helicopter over the Amazon region in Peru.

“We are pleased to be providing heavy lift services for Pluspetrol amidst the current headwinds in the oil market. This new contract is a testament to the strength of our customer relationships and our strong operating performance,” said Jeff Roberts, President and CEO of Erickson Incorporated.

Under this agreement, Erickson is providing one S-64F Aircrane and related support for year-round use to Pluspetrol, Operator of the Camisea consortium. Erickson offers a variety of utility aircraft for oil and gas customers in their onshore exploration and production. To safely and efficiently deliver drilling rig equipment and material cargo in remote and austere environments, Erickson combines its heavy lift and precision placement capabilities with transportation services.

The Aircrane is an iconic heavy-lift helicopter, capable of hoisting more than ten tons. The aircraft is often utilized for infrastructure construction support, timber harvesting, firefighting and rooftop HVAC installation. Erickson is the Type Certificate holder and Original Equipment Manufacturer (OEM) for the Aircrane.

The company is currently flight-testing composite main rotor blades for the aircraft developed by Erickson’s Reliability Engineering Program. This program tracks component performance and determines corrective action analyses to drive part and assembly improvements, such as the Aircrane’s main rotor blade enhancements. The program is based within Erickson’s Manufacturing and Maintenance, Repair and Overhaul (MRO) division, which delivers a level of quality service certified to internationally recognized AS9100 standards. This certification extends to the repair station, where aircraft maintenance occurs in the field, making Erickson’s operations entirely self-reliant.

Leading the company’s bid for the contract was Erickson’s comprehensive Safety Management System (SMS). This SMS focuses on proactive risk management to identify and correct potential hazards. Through these safety and efficiency procedures, the company consistently maintains an industry leading Operational Readiness Rate (ORR) worldwide.

Erickson has significant experience operating in South America, including Peru, Ecuador and Brazil.

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, Erickson—Media Requests (216) 372-6277, blambrix@ericksoninc.com Zachary Cotner—Investor Relations (503) 505-5804, zcotner@ericksoninc.com

Source:Erickson, Incorporated