InvestorNewsBreaks – CubCrafters Inc. Eyes Great Potential Growth with Summit Brand on Heels of Acquisition
Dec 21, 2022
CubCrafters, the leading designer and manufacturer of light-sport, experimental and Part 23 certified backcountry aircraft, has announced its acquisition of Summit Aircraft Skis, including the company’s design and manufacturing assets, unique patents and related intellectual property, from the Sandpoint, Idaho-based Summit Aircraft Corporation. Favored by Carbon Cub owners, Summit Aircraft Skis are also preferred by the owners of many other types of non-CubCrafters manufactured backcountry capable aircraft. The unique ski design enables pilots to quickly and easily configure their aircraft to fly to many remote and primitive areas otherwise inaccessible in winter when runways are not maintained. “We are very excited and pleased to welcome Summit’s customers and products into our family here in Yakima,” said Patrick Horgan, CubCrafters president and CEO. “It has been a joy for our team to work together with Mike Custard, Summit’s founder, to coordinate a smooth ski manufacturing transition. Adding Summit Skis to the CubCrafters product lineup allows us to better meet our customers’ needs and adds a new profit center. We see a great potential for growth with the Summit brand that we want to be a part of going forward.”
To view the full press release, visit https://ibn.fm/kX1XA
About CubCrafters Inc.
Founded in 1980 by Jim Richmond, CubCrafters’ roots are in the 80+ year history of classic grassroots aviation, but the company’s products and services are innovative and completely modern. CubCrafters designs and manufactures experimental, LSA, and Part 23 certified aircraft. The Carbon Cub family of aircraft redefined expectations for the backcountry flying experience with innovative design, modern materials, powerful engines, and breathtaking performance. The company’s flagship XCub aircraft is offered in both nosewheel and tailwheel configurations, and substantially expands the mission profile of sport utility aircraft with higher speed, longer range and larger payload. The key to CubCrafters’ success is its ability to create unique value in the experience of personal adventure aviation. For more information about the company, visit www.CubCrafters.com.
NOTE TO INVESTORS: The latest news and updates relating to CubCrafters are available in the company’s newsroom at https://ibn.fm/CUB
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork
More News
I Covered the Tiananmen Square Massacre. It Still Weighs on Me.
The day that changed modern China also taught me how to recognize true courage.
U.S. to Send Dozens Back to Afghanistan, Despite Risk of Persecution
The Trump administration plans to fly the Afghan immigrants from Louisiana to Pakistan, where they are expected to be expelled over the border to Afghanistan.
India’s China+1 Dilemma: It May Need China to Depend Less on China
India wants to rely less on China. Interviews with executives and policymakers suggest that whether Chinese firms take part matters less than what India gets for letting them.
A Powerful Mosquito-Hunting Laser Uses A.I. to Zap Winged Pests
Using sensors developed for self-driving cars, a Chinese start-up claims it can track and destroy tiny flying targets while avoiding people, pets and reflective surfaces.
Pakistan’s Trump Bet Meets the US Midterms
The weeks after November 3 will test whether Pakistan’s moment in Washington was a strategy or a stroke of luck.
Why the Philippines remains a hotspot for transnational drug syndicates
Transnational drug syndicates in the Philippines continue to thrive despite decades of crackdowns targeting street-level dealers, with analysts warning that regional suppliers, financiers and trafficking networks have largely eluded enforcement efforts. Former drug officials and security analysts say the country’s drug trade remains closely connected to a wider regional supply chain, with criminal groups relying on local partners, maritime routes and established distribution networks to move...
Australia Raises Student Visa Costs and Cuts Working Holiday Maker Slots
To placate those drifting off toward One Nation, the government saw a couple of easy targets in international student and working holiday makers to signal that it was “doing something” about immigration.
Amid India–China Border Tensions, Mega Hydel Project in Arunachal Pradesh Faces Local Heat
Locals are protesting India’s plans to construct a hydropower project on the Siang River. Delhi says the project is important for national security.
AI, fuelled by advanced chips, set to power semiconductor manufacturing: industry veteran
Artificial intelligence is no longer merely the driving force behind global semiconductor demand, but is also actively reinventing how chips are designed and built, industry leaders and scientists said at a major science forum in Shanghai on Friday. Chen Yunji, co-founder of AI chipmaker Cambricon Technologies, predicted that the integration between AI and chip design would eventually automate the chip design process entirely. “In the [next] 10 years, the most important development … is the RSI...
India’s Rahul Gandhi takes on Modi, but can grass-roots defiance win votes?
In recent weeks, Indian opposition leader Rahul Gandhi has frequently taken to the streets – joining protest marches, staging sit-ins at police stations and confronting authorities over alleged abuses of power and corruption. Often trading the formal attire traditionally worn by India’s political elite for a T-shirt and jeans, Gandhi’s high-visibility participation in grass-roots demonstrations has drawn wide attention as he seeks to place himself at the forefront of a growing movement of...
‘People’s Republic of the Disappeared’: Stories of Horror But Also Resilience
“Residential surveillance at a designated location” – a form of enforced disappearance – is becoming a go-to tool for the CCP, as a new book details.
China Owes Climate Accountability to South Asia
Beijing’s responsibility stems not only from its massive contribution to global gas emissions, but also from its capability as a green technology provider and its position as an upstream actor.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.