[July 04, 2008] CTT Systems AB to supply aircraft humidity control systems for the A350 XWB aircraft Tweet (Nordic Business Report Via Acquire Media NewsEdge) Swedish aircraft humidity control systems provider CTT Systems AB (OMX Stockholm: CTT) said on Friday (4 July) that it has signed a memorandum of understanding with the German company Nordmicro. The agreement, expected to be finalised over the next months, means that CTT Systems will develop and supply its Zonal Drying and Cair systems for the A350 XWB aircraft. The agreement has a potential value of over USD300m over the lifetime of the aircraft type. CTT Systems, headquartered in Nykoping, Sweden, is a technology company developing Zonal Drying systems for eliminating condensation on aircraft structures, and Cair systems for controlling cabin humidity. The company has some 30 employees and reported sales of SEK49m in 2006/2007. One British pound (GBP) is worth approximately 1.99 US dollars (USD). One British pound (GBP) is worth approximately 11.85 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected])) Copyright ? 2008 M2 Communications Ltd. [ Back To TMCnet.com's Homepage ]