Second Malaysian Airline Tragedy Renews Focus On FLYHT Aerospace Systems

FLYHT CEO, Bill Tempany, was in the spotlight today with an appearance on the Canadian network ‘CTV Morning Live’ to discuss the company’s technology in light of the recent downing of Malaysian flight MH17 over Eastern Ukraine.

While there was significant global media focus on the attributes of the company’s AFIRS technology following the March disappearance of MH370, additional questions have surfaced about what answers may have been provided in the most recent tragedy if the aircraft had been equipped with the system.

To view the interview with Mr. Tempany, please click here.

 

FLYHT Receives Re-Issued Hawker Beechcraft STC from the Federal Aviation Administration

Calgary, Alberta – July 21, 2014 FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Corporation”) (TSX-V: FLY) (OTCQX: FLYLF) reported today it has received a re-issued Supplemental Type Certificate (“STC”) for the Hawker Beechcraft 700/800/900 model aircraft from the Federal Aviation Administration (“FAA”). The STC has been re-issued to add the Automated Flight Information Reporting System (“AFIRSTM“) 228 to this existing STC.

“We continue to expand and develop the AFIRS 228 STCs to reach popular aircraft types in operation by several of our existing customers as well as prospective customers,” said Matt Bradley, President of FLYHT.

A STC constitutes regulatory approval to modify an aircraft’s design while retaining airworthiness certification and is necessary to permit retrofit installation of aeronautical products such as AFIRS. A full list of FLYHT’s STCs is available on the company’s website.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
Chief Financial Officer
403-291-7427
tfrench@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

African Airline Selects FLYHT’s Real-Time Flight Data Monitoring System for Increased Safety and Efficiency

CALGARY, ALBERTA, Jul 17, 2014 — FLYHT Aerospace Solutions Ltd. CA:FLY +2.53% (otcqx:FLYLF) (the “Company” or “FLYHT”) reported today that it has signed a contract with the national carrier of an African airline for the sale and delivery of the Automated Flight Information Reporting System (“AFIRS(TM)”) for its fleet of eleven planes. The AFIRS 220 will be installed on three B737-500 aircraft, while the AFIRS 228 will provide solutions for DHC-8-Q400, B737-700 and ERJ190 aircraft.

The 34-year-strong airline has selected AFIRS to maintain its key operating principles of quality, security, safety and the environment. AFIRS will provide real-time flight data monitoring and the airline will benefit from features including automated Out, Off, On and In times, airframe and engine exceedances, flight tracking, automated engine data collection for real-time trending, fuel management and satellite voice communications.

The airline will also use FLYHT’s leading technology; with FLYHTLink for iPad connectivity in the cockpit and FLYHTStream to enable real-time data streaming in the event of an abnormal situation.

“The Customer is clearly committed to running a safe and profitable airline and by installing the AFIRS technology they have increased awareness of their operations, helping them make more informed, key decisions in real time if necessary,” stated Matt Bradley, President of FLYHT.

FLYHT will provide equipment and services to the airline over a five-year contract with automatic yearly renewals after the initial term. The Company has the necessary Supplemental Type Certificates for the Q400 and B737s, though needs to secure an STC for the ERJ190 which is anticipated to take up to three months. Installations are anticipated to begin in the third quarter.

If FLYHT completes installation on all eleven contracted aircraft and provides recurring service for the full term of the agreement, gross revenue to FLYHT will be approximately $1,485,550 USD, excluding optional services.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
Chief Financial Officer
403-291-7427
tfrench@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Global Maxfin Reiterates STRONG BUY With A $1 Target For FLYHT With Update

FLY:TSX-V

In acknowledgement of the news issued today by FLYHT on the certification of the AFIRS 228S for A320 Aircraft, Global Maxfin analyst Joe MacKay issued an update to clients. In the report Mr. McKay says the implications of this announcement are positive for FLYHT. Specifically stating “the process to certify AFRIS with Airbus has been underway since 2012 and was recently approved by Airbus. L3 is the world’s largest manufacturer of flight data recorders. Under the agreement with L3, L3 manufactures and installs the AFRIS units on the aircraft with FLYHT receiving a royalty payment of approximately $6,000/unit for a retrofit and $12,000/unit for a factory fit.”

Further into his commentary he also points out that, under the L3 agreement “FLYHT then has the opportunity to sell applications and services to the end user, receiving 100% of the monthly recurring revenue.”

To receive a copy of the update please contact Global Maxfin analyst Joseph MacKay at (416) 741-1544.

FLYHT’s Partner L-3 Aviation Recorders Announces Airbus Certification for AFIRS 228S

Calgary, Alberta – July 15, 2014 FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Corporation”) (TSX-V: FLY) (OTCQX: FLYLF) is pleased to announce that its partner L-3 Aviation Recorders (“L-3 AR”) has received Airbus’ formal notification of certification for the L-3 AFIRS 228S (“Automated Flight Information Reporting System”) for the Airbus A320 family of aircraft.

FLYHT first announced the agreement in a press release in May 2012 and has been working with L-3 since then to develop and certify AFIRS’ Iridium Satcom capability for the Airbus A320 family of aircraft.

“The final stage of certification was the in service evaluation with a live customer and that was completed a short time ago. We are very pleased to have the formal notification of certification verified by our partner, L-3.” remarked Bill Tempany, CEO of FLYHT.

The AFIRS 228S Iridium SATCOM system provides an aircraft crew with voice and data services for Air Traffic Control (“ATC”), Aeronautical Operational Control (“AOC”) and Air-to-Air Communication (“AAC”) using Iridium’s global satellite network. The system also provides ACARS (“Aircraft Communications Addressing and Reporting System”) over Iridium messaging capability.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
Chief Financial Officer
403-291-7427
tfrench@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

Join us on social media!
www.facebook.com/flyht
www.twitter.com/flyhtcorp
www.slideshare.net/flyhtcorp
www.youtube.com/flyhtcorp
www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FLYHT’s Information to be available in S&P Capital IQ Standard Corporation Records Listing Program

Calgary, Alberta – June 23, 2014 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (the “Company” or “FLYHT”) announced today that its company information will be made available via S&P Capital IQ’s Market Access Program, an information  distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of S&P Capital IQ’s MarketScope Advisor.  The Company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. MarketScope Advisor is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at http://advisor.marketscope.com.

In addition, information about companies in S&P Capital IQ’s Market Access Program will be available via the firm’s Stock Guide database, which is distributed electronically to virtually all major quote vendors. As part of the program, a full description of FLYHT will also be published in the Daily News section of Standard & Poor’s Corporation Records, a recognized securities manual for secondary trading in up to 38 states under their Blue Sky Laws.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services  designed  to  reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

 

About S&P Capital IQ

S&P Capital IQ, a business unit of McGraw Hill Financial (NYSE:MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and  investment  ideas,  and  perform  risk  analysis  and  mitigation  strategies.  Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need. For more information visit:  www.spcapitaliq.com

In the United States, research reports are prepared by Standard & Poor’s Investment Advisory Services LLC, a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. Company information distributed through the Corporation Records Program is based upon information that S&P Capital IQ considers to be reliable, but neither S&P Capital IQ nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

S&P Capital IQ
Equity Research Operations 212-438-4050
ers_businessoperations@spcapitaliq.com

 

Contact Information

FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA Chief Financial Officer
403-291-7427
tfrench@flyht.com

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Bristol Institutional Relations
Glen Akselrod
President
(905) 326–1888
glen@bristolir.com

Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
FLY@kincommunications.com

 

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www.twitter.com/flyhtcorp
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www.flyht.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sierra Nevada Corporation and FLYHT Announce Renewed Strategic Relationship

Calgary, Alberta – June 18, 2014 – Sierra Nevada Corporation (“SNC”) and FLYHT Aerospace Solutions Ltd., (TSX-V: FLY) (“FLYHT”) are pleased to announce that the companies have renewed their strategic relationship by updating their license and manufacturing agreement and adding a value-added reseller agreement.

The relationship involves FLYHT’s Automated Flight Information Reporting System, or AFIRSTM product and services. The AFIRS system operates on multiple aircraft types and provides functions including aircraft position, on-demand streaming of black box data, voice and text messaging, and data collection and transmission. AFIRS sends that information to its companion, UpTimeTM, the ground service product, which stores and transfers the data to the customer in real time. Aircraft operators can use this information to increase safety, improve service, and enhance profitability.

FLYHT will continue to lead sales and service activities in all civil aviation markets, and SNC will lead sales in the United States and NATO military and government manned and unmanned aircraft markets.

“We are pleased and excited to renew our relationship with FLYHT. We believe that the need for AFIRS in the military and government aircraft industry is significant and the multi-feature offering of the AFIRS unit is critical in today’s budget-constrained environment. AFIRS’ can improve the efficiencies of operating and maintaining aircraft while also reducing the operation and maintenance cost and improving flight safety.” said Greg Cox, corporate vice president for SNC’s Communication, Navigation and Surveillance/Air Traffic Management business area.

“We look forward to a long and mutually beneficial relationship with SNC,” said Bill Tempany, CEO of FLYHT. “We are truly motivated by reframing our relationship with SNC in a way that will see both companies thrive from the work we have done on AFIRS. We are particularly excited to have SNC as a strong partner to bring the benefits of AFIRS to both the military and unmanned aircraft marketplaces which would otherwise be out of reach for our company.”

 

About Sierra Nevada Corporation

Sierra Nevada Corporation (SNC), headquartered in Sparks, Nev., is one of America’s fastest growing private companies based on its significant expansion and reputation for rapid, innovative, and agile technology solutions  in  electronics, aerospace, avionics, space, propulsion, micro-satellite, aircraft, communications systems and solar energy. Under the leadership of CEO Fatih Ozmen and President Eren Ozmen, SNC has a workforce of over 3,000 personnel in 30 locations in 16 states. SNC’s six unique business areas are dedicated to providing leading-edge solutions to SNC’s dynamic customer base.

SNC is also the Top Woman-Owned Federal Contractor in the United States. Over the last 30 years under the Ozmen’s leadership, SNC has remained focused on providing its customers the very best in diversified technologies to meet their needs and has a strong and proven track record of success. The company continues to focus its growth also on the commercial sector through internal advancements in dual-use applications and outside acquisitions, including the emerging markets of renewable energy, telemedicine, nanotechnology, cyber and net-centric operations. For more information on SNC visit www.sncorp.com and follow us on Facebook at  Sierra Nevada Corporation.

Media Contact: Julie Ardito at julie.ardito@sncorp.com or 775-849-6968.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™  UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

Contact Information

FLYHT Aerospace Solutions Ltd.
Matt Bradley, President
403-444-6691
mbradley@flyht.com

 

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