ITPS and Crai S.p.A. Announce Strategic Partnership

ITPS and Crai S.p.A. Announce Strategic Partnership for the Aviation Industry in North America

Partnership Introduces Medical-Grade Audiology Innovation to Enhance Pilot Safety and Performance

London, Ontario [February 17, 2026] – ITPS Canada Ltd. (“ITPS”) and Crai S.p.A. today announced a strategic partnership for the promotion of the Ermes System in the North American aviation industry, with strategic advisory provided by S&P CONSILIUM.

The alliance goes beyond traditional product distribution and promotion, encompassing joint strategic initiatives and a shared long-term vision for the future of aviation safety. ITPS and Crai S.p.A. share closely aligned values and strategic objectives, forming the foundation of a collaboration built on innovation, quality, and long-term industry impact.

Developed over more than a year of strategic alignment, the partnership marks the first time an Italian MedTech audiology company enters the aviation market with its advanced technology. The Ermes System has proven to be an effective solution for the protection and safety of pilots, leveraging Crai S.p.A.’s extensive research and development expertise in audiology and medical technology.

“This partnership with Crai S.p.A. marks an important advancement for aviation safety in North America,” said Dave Lohse, Chief Executive Officer of ITPS Canada. “The Ermes System introduces proven medical-grade innovation to support pilot health and performance, and we are confident this collaboration will deliver meaningful value across the industry.”

S&P CONSILIUM acted as the architect of the transaction, leading the strategic positioning, negotiation, and structuring of the partnership, and supporting the entry of a MedTech company into the aviation sector.

Both companies expressed strong confidence that the partnership will create meaningful value in the North American aviation market and contribute to advancing pilot safety standards across the region.

About Crai S.p.A.

Crai S.p.A. is an Italian MedTech company specializing in advanced audiology and hearing protection technologies. With deep expertise in research and development, Crai designs and manufactures innovative medical-grade solutions aimed at enhancing hearing performance and safety in high-demand operational environments. Through its flagship Ermes System, the company brings cutting-edge audiological innovation to new sectors, expanding its impact from healthcare into specialized industrial and aerospace applications. Crai S.p.A. is committed to quality, scientific excellence, and the continuous advancement of hearing protection technologies.

About ITPS Canada Ltd.

Celebrating its 40th anniversary this year, ITPS Canada Ltd. is an internationally recognized aerospace training centre based in London, Ontario. ITPS Canada is comprised of the International Test Pilots School (ITPS) and the International Tactical Training Centre (ITTC), serving as a leading flight test and tactical training centre. The centre provides advanced flight training, flight test services, and specialized aerospace consulting to military, government, and commercial clients worldwide. ITPS Canada is committed to innovation, operational excellence, and enhancing aerospace safety through expertise, technology integration, and strategic partnerships.