Ontic Signs License Agreement with a UK-based OEM

Ontic has signed a new exclusive license agreement with a UK-based OEM for engine pressure transmitters, fuel flow transmitters and fluid monitoring chip detectors.

These products are fitted on engines that include CF6/  PT6 / T700 and platforms that include Boeing 747, 757, 767, Airbus A300, A330, Pilatus PC-21, PC-9, King Air and Bombardier CRJ900. Under the terms of the agreement Ontic will now be responsible for all continuing Part 21 new build manufacturing as well as comprehensive Part 145 repairs and spares support for the global customers of this large installed-base.

“Ontic is pleased add these products to our portfolio and having them benefit from the Extended Life Solutions we provide,” Gareth Hall, president of Ontic, said. “This license of product families in particular highlights Ontic’s capability to strategically assist OEM’s with the on-going support of their non-core products, allowing the OEM to progress and concentrate on their strategic priorities.”

This new license for Ontic continues the momentum from 2018 which saw the signing of 4 licenses with various OEM partners. Ontic will support these product families from its Chatsworth California facility.