Marinvent signs strategic pact with two aerospace firms
Dec. 19, 2013, Montreal - Marinvent Corporation has announced it has, together with its Raleigh, N.C.-based Joint Venture Partner Advanced Aerospace Solutions, signed a Memorandum Of Understanding with Real Time Companies of Phoenix, Ariz.
This three-way MOU will foster increased collaboration between the three companies by creating a considerably larger combined pool of capabilities, facilities and staff. The MOU also creates the framework for the companies to jointly pursue larger avionics and aerospace projects with broader scope, thereby offering customers a considerably more "turnkey" project option.
"Marinvent and Advanced Aerospace have been working informally with Real Time Companies for a number of years already and we are extremely happy with both the professionalism of their team and the added value that they bring to our combined offering," said Phil Cole, VP business development at Marinvent Corporation and Advanced Aerospace Solutions. "We have all noticed an increased demand amongst our existing customers to have suppliers offer more turnkey solutions in order for them to reduce the number of contracting and management interfaces they have to deal with amongst their supplier base. The beauty of the relationship with Real Time Companies is that our companies are in very similar spaces, but we don't actually overlap from a capabilities perspective, making the definition of work shares very simple. The scope and size of projects that we can now effectively handle together far exceeds that which we are individually able to pursue, which makes this collaboration a significant win for our respective existing and new clients."
"It has been a true pleasure collaborating with Marinvent and Advanced Aerospace the past few years," said Ken Varga, CEO and founder of Real Time Companies. "Rarely do you find organizations that work as hard as Marinvent and Advanced Aerospace, putting the client's best interests first and providing 'World Class' services. Real Time looks forward to the next phase of this great relationship and the synergistic capabilities of our combined talents to bring solutions and increased value to our clients. Real Time's clients are continuously asking us to take on complete projects from start to finish in new development, product upgrades, and legacy support. Teaming with Marinvent and Advanced Aerospace enhances and complements our ability to provide the complete turnkey solutions our clients desire."