CEMATRIX Lands Record $6.8 Million Contract

CEMATRIX announced today that it has received a record $6.8 million contract along with several other recent orders for a total of $8.4 million. These new orders bring this year’s total contracted work to a record $14.7 million. To put this into perspective, the company achieved just over $8 million in sales for all of 2013.

CEMATRIX has been working to replace lost revenues from the economic crash in late 2008, when the company was solely focused in the oil sands and refinery business, and has done an impressive job since introducing its specialty solutions to the always active infrastructure market.

As the oil sands and refinery work continue to recover, CEMATRIX should benefit from its past efforts and successes in this area once again.

To view today’s news release, please click here.

CEMATRIX Corporation Secures Record $6.8 Million Contract And Additional Contracts For A Combined Total Of $8.4 Million

Calgary, Alberta – September 25, 2014: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has secured a $6.8 million dollar contract, its largest to date, and several other signed orders for oil sands and refinery and infrastructure projects in the amount of $1.6 million for a total of $8.4 million in aggregate. This year’s total contracted work is now a record $14.7 million. Currently $8.5 million of this contracted work is scheduled for completion in 2014, $5.2 million in 2015 and $1.0 million in 2016.

“This is a truly historic day for our Company” stated Jeff Kendrick, CEMATRIX President and CEO. Our dedicated and committed staff are key to this successful recovery since the economic crash in the fall of 2008. The results we are achieving today from a revived oil sands and refinery construction market, together with the growth of the infrastructure market throughout Canada and the United States, are a testament to the dedication of the CEMATRIX team and our unwavering belief in our product and solutions. Some of these projects are years in the making as we work with our customers from the design phase of each project including thermal modelling, through to the final pouring of our product.”

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of  technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications. Applications for cellular concrete include tunnel grouting; bridge abutment and retaining wall backfill; insulation of shallow utilities, roads and runways; insulation and/or structural foundations for tank bases and facilities; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.

Neither 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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker/Brad Dryer, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com / brad@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated August 6, 2014 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators

FLYHT Announces CFO Retirement, Appoints New CFO

Calgary, Alberta – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY / OTCQX: FLYLF) (the “Company” or “FLYHT”) announces the retirement of its Chief Financial Officer (“CFO”), Thomas French, CGA, effective September 15th, 2014. The Board of Directors (“the Board”) has approved the appointment of Ms. Nola Heale, CA as the new CFO effective September 15th, 2014. Mr. French will remain with the Company until December 31st, 2014 to assist in the transition and complete projects for the Board.

Tom French stated, “I joined FLYHT eight years ago and have never been more optimistic about its future than I am today. I felt it was the appropriate time to pass the financial reigns of FLYHT on to Nola so I could devote 100% of my time to dealing with some family health issues as well as providing FLYHT with the opportunity to recruit a CFO with the skillset needed to move to the next level of financial management. I would like to thank Bill Tempany and the Board for the support they have given me over a very difficult eight months. I am excited about FLYHT’s future and remain committed to the Company.”

Bill Tempany, CEO stated, “FLYHT has evolved over the eight years Tom has been steering our financials from a small entrepreneurial research and development shop to a force in global aviation on the way to providing world leading technologies to an industry in dire need of change. The Board and myself want to thank Tom for his dedication and extreme efforts through some trying times to get us to the point we are today. He will be missed by everyone at FLYHT and we wish him the very best.”

“The board, management and staff want to welcome Nola Heale to the group. We are excited about the opportunities and challenges we face and we are confident that Nola will bring new strength to our team.”

Nola Heale has 30 years financial management and reporting experience on three continents in diverse industries, including manufacturing, services and transportation logistics industries. She has held positions as chief financial officer, board director, financial and general operations management in public and private companies. Nola is a Canadian and a South African Chartered Accountant, an Associate of the Chartered Institute of Management Accountants (United Kingdom) and a Chartered Global Management Accountant; she is a graduate of the Advanced Program of Canadian Board Diversity Council and is the past president of Financial Executives International (“FEI”) Canada, Calgary Chapter where she remains on the Board and National Chapter Leadership Council.

As part of her appointment as FLYHT’s CFO, Ms. Heale will be granted incentive stock options of the Corporation for a total of 150,000 common shares of the Corporation at a price of $0.53 per share expiring on December 31, 2017, under the formal stock option plan approved at the Annual General Meeting held in June 2014, subject to regulatory approval. A maximum of 10% of the issued shares are reserved for issuance for the Corporation’s Stock Option Policy. The options vest immediately and are subject to a four month hold period.

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.
Nola Heale, CA
Chief Financial Officer
403-291-7425
nheale@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.

BNN Portfolio Manager on FLYHT – “Table Pounding Buy”

Yesterday on BNN’s Market Call Tonight, in response to a question about FLYHT, Arrowhead Capital portfolio manager, Alex Ruus called FLYHT one of his “table pounding buys”, citing a “huge opportunity” for a couple of different reasons, being that FLYHT offers what he called “smart” black boxes, which allow constant tracking of aircraft and, as well,FLYHT offers high Return on Investment (ROI) products that allow airlines to improve efficiencies and save money.

This morning it appears the market has taken note to Mr. Ruus’s two minute commentary on FLYHT. As of the writing of this blog, the share price has increased by nearly 9% to $0.43, with more than 1.8 million shares having traded.

Click here to view clip, FLYHT is mentioned at the 38 minute 46 second mark.