PosiCharge® Wins Automotive News PACE Award for Superior Innovation and Collaborator Award for Work with Ford Motor Company

April 05, 2006

DETROIT & MONROVIA, Calif.--April 5, 2006--PosiCharge®, an AeroVironment, Inc. business (www.avinc.com), has won two awards at the 2006 Automotive News PACE Awards. The 12th Annual PACE (Premier Automotive Suppliers' Contribution to Excellence) Awards held in Detroit, Mich. April 3 honored innovators in the automotive supply chain.

Automotive News recognized PosiCharge with the PACE Award in the Manufacturing Process and Capital Equipment category for its intelligent fast charge systems. PosiCharge systems allow users to eliminate their battery rooms by rapidly charging each battery in the vehicle during scheduled breaks, so the battery never leaves the vehicle. Without battery changing, operations are cleaner, safer, and streamlined for maximum productivity.

In addition, the company was a joint recipient of the PACE Innovative OEM Collaborator Award, along with its longtime customer Ford Motor Company. The Collaborator Award recognizes a person or team at an OEM who does an exceptional job of partnering with a supplier to develop an effective manufacturing innovation. Ford recently launched an enterprise-wide program to convert all material handling operations to electric vehicles powered by PosiCharge technology. Aside from providing Ford with charge systems for a wide range of vehicle types, PosiCharge also supplied the automaker with a next-generation data management system.

"These prestigious awards reflect PosiCharge's commitment to innovation and to providing our customers substantial operational improvement with our technologies," said Pat Dellario, vice president and general manager, PosiCharge. "We are honored to be recognized alongside an industry leader like Ford Motor Company, for our joint efforts to incorporate new technologies that improve plant performance and employee safety."

Recognizing superior innovation, technological advancement and business performance, the Automotive News PACE Award, presented by Automotive News, Microsoft, SAP and Transportation Research Center Inc. (TRC Inc.), is open to suppliers that contribute products, processes, materials or services directly to the manufacture of cars or trucks. The award is accepted around the world as the industry symbol of innovation. Finalists undergo an extensive review process -- including a site visit -- by industry, academic and business leaders to select award winners. For complete details of the 2006 Automotive News PACE Award, including a listing and profile on PosiCharge, visit www.automotivenews.com/pace.

About PosiCharge®

PosiCharge fast charge systems allow users to eliminate the battery room and its associated challenges, thereby recovering run time, enhancing productivity, optimizing assets, and improving worker safety. PosiCharge fast charges each battery in the vehicle during scheduled breaks, so the battery never leaves the vehicle. The result is instant productivity improvement, a cleaner work environment, and a streamlined workflow that no longer stops for battery changing. With a proprietary system that safeguards batteries by customizing each charge, PosiCharge can actually extend a battery's useful life, further optimizing operations. PosiCharge has been supporting high-velocity Fortune and Global 500 facilities for more than six years. PosiCharge is an AeroVironment, Inc. business. More information can be found at www.posicharge.com.

About AeroVironment, Inc. (AV)

AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves militaries, government agencies, businesses and consumers. For more information visit www.avinc.com.

Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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AeroVironment, Inc.
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