AAR Announces Marketing Partnership Agreement with

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Wood Dale, Ill., April 26, 2022 (GLOBE NEWSWIRE) — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a marketing partnership agreement with ProvenAir Technologies, LLC to enhance the digital solutions available to AAR customers.

ProvenAir’s digital solution leverages advanced technologies to dynamically analyze and generate Return to Birth (BtB) trace history for life-limited parts. ProvenAir automates the BtB process to save aviation customers time, increase recording quality, shorten the sales cycle, facilitate aircraft transitions and increase the residual value of repairable equipment used.

“ProvenAir’s mission is to redefine service in the aviation industry through innovation and technology. We are making an impact by digitizing and automating a tedious manual process,” said James Boccarossa, Founder and CEO of ProvenAir. “By partnering with AAR, one of the world’s leading MROs and parts suppliers, we will be able to reach more customers and help those customers achieve their digitization goals.”

“AAR continues to focus on digital solutions that enhance and differentiate our offerings. We are impressed with ProvenAir’s technology and have been able to realize internal efficiencies by using ProvenAir for our own parts supply and landing gear needs,” said Rahul S. Ghai, Chief Digital Officer of AAR . “Leveraging our global sales team to connect aircraft owners and operators to ProvenAir for the benefit of our customers is a natural progression of our relationship.”

About the RAA
AAR is a global aerospace and defense aftermarket company with operations in more than 20 countries. Based in the Chicago area, AAR supports commercial and government customers through two operating segments: aeronautical services and expeditionary services. AAR’s aviation services include parts supply; OEM solutions; Integrated solutions; and maintenance, repair and overhaul (MRO) services. AAR Expeditionary Services includes Mobility Systems Operations. Additional information is available at aarcorp.com.

About Proven Air
ProvenAir is a technology company with a service platform that, at the click of a mouse, dynamically generates consistent, easy-to-follow, back-to-birth information for life-limited hardware. The ProvenAir system uses proprietary algorithms and advanced technology to digitize, digitize and categorize maintenance records, accurately interpret the use of limited life parts and create historical tracking timelines and exception reports for assemblies, subassemblies, or individual parts. Additional information is available at provenair.com.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, which reflect management’s expectations regarding future conditions, including the ProvenAir’s expectation to redefine service in the aviation industry through innovation and technology, to make an impact by digitizing and automating a cumbersome manual process, and to be able to reach more customers and help those customers to achieve their digitization goals, and the Company’s ability to focus on digital solutions that enhance and differentiate our offerings, to continue to realize internal efficiencies through the use of ProvenAir’s technology, and the company’s expectation to leverage our global sales team to connect aircraft owners and operators to Prov enAir for the benefit of our customers will lead to a natural progression of our relationship. Forward-looking statements can also be identified because they contain words such as ”anticipate” ”believe” ”continue” ”could” ”estimate” ”expect” ”intent” ‘ ”likely” ”may” ”could” ”plan” ”potential” ”predicted” ”project” ”seek” ”should” ”target’ ‘ ”will fly” ”would” or similar expressions and the negations of these terms. These forward-looking statements are based on the beliefs of the Company’s 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 materially differ from historical or anticipated results. . For a discussion of these and other risks and uncertainties, see the “Risk Factors” section of our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results could differ materially from those described. These events and uncertainties are difficult or impossible to predict with precision and many of them are beyond the Company’s control. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

        
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