FLYHT Takes Industry Spotlight in IATA Newsletter

This week FLYHT and its proprietary real-time satellite data streaming technology for aircraft was featured in the International Air Transport Association (IATA) Quarterly Strategic Partner Brief. This news circular is distributed to IATA members, participants and interested parties. IATA has more than 400 industry leaders as members of its Strategic Partnership Program and 250 member airlines (84% of total worldwide air traffic).  At first glance, this might not seem like a significant distribution list, but let’s take a moment to explore who and what the IATA organization is all about.

IATA is the trade association for the world’s airlines. The organization supports many areas of aviation activity and helps formulate industry policy on critical aviation issues. Its vision is to be the force that creates value and innovation while driving a safe and profitable airline industry. Its strategic partners engage in improving the industry by contributing to thought leadership and technological innovation. FLYHT is a strategic partner and it assists by providing its expertise in safety and flight operations, amongst other things.

Being a strategic partner allows companies to be a “part of the solution” and to have input into how the industry evolves. It also enables a company to increase its exposure amongst other partners and member airlines, the Partner Brief is a good example of this.

Last but not least, Strategic Partners are allowed to attend the IATA AGM which attracts “1,000 delegates, including airlines, leading aircraft manufacturers, governments, regional airline associations, airports, industry suppliers, media and other industry partners. The AGM establishes the priorities and work programs that drive higher levels of safety, security, environmental protection and operational efficiency.”

The airline industry is paying attention to FLYHT’s AFIRSTM technology because it has the unique ability to provide cost savings and enhance operational control. The technology is augmented by its ability to live stream real-time  data and monitor the location and status of aircraft in real-time, worldwide.

The briefing note can be viewed by clicking here.

CEMATRIX Grants Incentive Options to a Director

CALGARY, ALBERTA–(April 16, 2015) – CEMATRIX Corporation (TSX VENTURE:CVX) (the “Corporation“) has granted incentive stock options to a director of the Corporation, pursuant to the Corporation’s Stock Option Plan, for the purchase of a total of 150,000 common shares at an exercise price of $0.19 per share, at any time up to and including April 15, 2020.

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 as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

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:

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

The Howard Group
Jeff Walker
Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

FLYHT Brings Two New Customers Onboard With AFIRS Previously Installed

CALGARY, ALBERTA–(April 10, 2015) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the “Company” or “FLYHT”) reported today that it has signed two contracts for the Automated Flight Information Reporting System (AFIRS™). Both are with airlines that acquired aircraft with the AFIRS 220 already onboard and decided to utilize the technology’s benefits. One is with an African operator on a Bombardier DHC-8; the other is with a Caribbean carrier on a Boeing 767-300.

Both airlines will take advantage of the suite of FLYHT’s tools including automated Out, Off, On and In times, flight following, engine exceedance reports, quick access recorder flight data, global voice communications enabled by the Iridium satellite network and added AFIRS features on demand.

“FLYHT is pleased to announce the activation of a DHC-8 aircraft delivered to a customer in Africa. The aircraft had AFIRS installed while at a previous operator, the new customer saw the value of our services and immediately signed a five year agreement for services,” stated Bill Tempany, CEO of FLYHT. “These are small wins for the Company as the airlines realize the benefits of the system and we’ll pursue the opportunity to provide AFIRS for the other aircraft in the fleets. Both new customers plan to grow their fleets with AFIRS as part of their long term operational tools.”

FLYHT will provide equipment and services to the airlines over a five-year contract with automatic yearly renewals after the initial term. The Company has the necessary Supplemental Type Certificates for both aircraft types and the airlines will be able to turn on services immediately.

For the two contracted aircraft with recurring service for the full term of the agreement, gross revenue to FLYHT will be approximately $240,950 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 FLYHTAerospace 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

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 Sets the Stage for 2015 – Conference Call Now Available Online

FLYHT hosted its year end conference call today. Bill Tempany, CEO of FLYHT, explained that the lower than expected results in 2014 were indicative of a difficult year in the airline industry, which was focused on emerging regulations rather than implementing solutions. Following the opening remarks and a brief update on existing initiatives, CFO, Nola Heale, reviewed the annual financials and then turned the call over to President, Matt Bradley, who preemptively answered questions about sales efforts.

On the call Mr. Tempany encouraged investors to view a couple of videos highlighting FLYHT’s technology and the future of computing.   To view videos, click the following links:  FLYHTStream VideoHP – The Machine: the Future of Computing

Here are some highlights of this morning’s call:

  • Mr. Tempany began the call by highlighting a number of achievements that the company made in 2014. He went on to attribute lower than anticipated sales due to the airline industry’s focus on evolving regulations around aircraft tracking.
  • FLYHT has been working, and will continue working, with regulatory bodies as regulations around flight tracking continue to evolve.
  • One of the lesser known 2014 achievements highlighted was that AFIRSTM has been approved for factory installation on Bombardier’s production line for the Dash 8 and CRJ series of aircraft.
  • Two of the main focuses for FLYHT in 2015 are landing a sale with a major airline and increasing its salesforce to focus on major markets
  • In response to a question about major airlines, Mr. Tempany revealed that “FLYHT has units installed on two Air Canada aircraft, we are in correspondence with Air Canada and we have their approval to use a quote in our marketing materials that they are happy with the product and it’s there and running. It’s now our job to go up and upsell our services in that customer.”
  • FLYHT has one or two units installed on five of the top ten or fifteen airlines in China today.
  • Later in the call, Mr. Tempany also revealed that the company has had discussions with Malaysian Airlines as well as Qatar Air.
  • When asked specifically about the L3 communications partnership, Mr. Tempany indicated that the relationship was strong and healthy, pleased to be working on a few different programs and was not at liberty to elaborate any further.
  • Before opening the floor to questions, Matt Bradley discussed sales and marketing efforts. He stated that the company had doubled its sales force in Asia and described the current efforts in China as a “full court press” “big push in China”
  • Mr. Bradley went on to describe the sales process as starting with a conversation about flight tracking and slowly evolving into discussions about the return on investment that FLYHT solutions can provide.
  • He continued by noting that in comparison with other technologies that are providing satellite voice communications, for the same price AFIRS offers two or three additional services that would prepare a customer for upcoming regulations.
  • Mr. Bradley also commented about “confusion” that existed in the industry as there have been a number of “tracking only” solutions that have entered the market. Airlines are faced with the question “What should we do? Should we just go for the minimum and put on the most inexpensive we can to meet a 15 minute tracking regulation or should we do something more?”

To listen to an archive of the conference call, please click here.

Also of note, FLYHT shares saw strength this morning as a result of positive comments yesterday afternoon on Canada’s Business News Network from Alex Ruus, Portfolio Manager at Arrow Capital.  To view BNN video, click here.

FLYHT Reports 2014 Year End Results

Calgary, Alberta – FLYHT Aerospace Solutions Ltd. (TSX-V:FLY / OTCQX:FLYLF) (the “Company” or “FLYHT”) a leading provider of real-time data communications technology for the aviation industry today reported financial results for the fourth quarter and its year end December 31, 2014.

Bill Tempany, CEO stated: “In spite of a tumultuous year for the airline industry, which did impact our anticipated sales growth, we made significant advances with industry partners and regulators in 2014. Of note was our participation in numerous industry group discussions around emerging flight tracking regulations and the strong reception that our technology received when demonstrated at numerous industry events.  We have also made important inroads with our strategic partners, with key STC approvals and the rejuvenation of our relationship with Sierra Nevada Corporation. Although 2014 may not have been a record year when it comes to revenue, we are encouraged by progress we have made.”

“Also of important note is that thanks to our supportive shareholders we were able to extend our convertible debenture which has allowed us to start the year in a strong cash position of $3.9M,” concluded Mr. Tempany.

Fourth Quarter Highlights Include:

  • Revenue of $2,218,681, which represents 14.5% increase over fourth quarter of 2013.
  • Recurring revenue (voice and data services) of $915,602, a decrease of 15% over the fourth quarter of 2013.
  • Gross profit was 61.7% of revenue compared to 60.4% for the fourth quarter of 2013.
  • Net loss of $1,305,712 which included research and development costs of $772,725, which if removed would have resulted in a net loss of $532,986, a net loss decrease of $133,834 decrease in loss before R&D of $212,458 over the fourth quarter of 2013.
  • Distribution expenses were $990,650 representing an increase of $156,322 from the fourth quarter of 2013 attributable mainly to increased bad debt reserve.
  • Administration expenses decreased to $780,039 versus the fourth quarter of 2013 or a decrease of $25,476.
  • Research and development expenses were $772,725 or $79,749 higher than the fourth quarter of 2013.

Year Highlights Include:

  • Revenue of $6,882,028, which represents a decrease of 14% over 2013 attributable to lower AFIRS sales revenue consequent, on a decreased number of installation kits meeting the requirements for revenue recognition and lower services revenue (2013 revenue earned on the contract with L-3 AR was not repeated).
  • Recurring revenue (voice and data services) of $3,657,300, an increase just under 1% over 2013.
  • Gross profit for 2014 was 62.9% of revenue compared to 59.2% for 2013.
  • Net loss for the year of $4,278,885 included research and development costs of $777,749, which if removed would have resulted in a net loss of $3,501,136, an increase of 5.3% and 85.9% respectfully over 2013.
  • Distribution expenses were $3,392,991, an increase of $436,545 from 2013.
  • Administration expenses increased to $3,548,518 versus $2,859,122 for 2013 or an increase of $689,396 due to higher share based compensation cost, cost of participation in industry groups after the disappearance of MH370, additional investor relations costs and separation payments for the retiring CFO.
  • Research and development expenses were $777,749, a reduction of 180%  from 2013 due mainly to the recovery on settlement of the dispute with Sierra Nevada Corporation, partly offset by additional staffing costs.
  • Net finance costs decreased $168,452 in 2014 from the previous year to $891,550.
  • FLYHT signed a contract with the Middle Eastern based operations group of an international cargo airline for the AFIRS 228B on four Boeing 757 aircraft.
  • FLYHT signed a contract with an Asian charter airline for the AFIRS 220 on four Bombardier CRJ aircraft.
  • FLYHT signed a contract with a Nigerian airline for the sale and delivery of the AFIRS 220 on five Boeing 737 aircraft.
  • FLYHT signed a contract with the national carrier of an African airline for the sale and delivery of AFIRS for its fleet of 11 planes. 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.
  • FLYHT signed a contract with a North American cargo customer for service on the AFIRS 220 that were already installed on two of the airline’s recently acquired B767-300 aircraft and sale and service on three additional AFIRS 228 for their B767-200 aircraft.

Detailed information in FLYHT’s 2014 Annual Report containing the CEO’s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company’s website and can be accessed at www.flyht.com/investors/financial-reports-results-centre/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

FLYHT will host a live conference call to discuss fourth quarter and year end results on Wednesday, April 8, 2015 at 9 am MDT (11 am EDT, 8 am PDT).

To access the conference call by phone within Canada and the U.S. the toll-free number is 1-800-319-4610.  Outside Canada and the U.S., dial 1-604-638-5340.  (Callers should dial in five to 10 minutes prior to the scheduled start time). A copy of the presentation will be available on FLYHT’s website for investors to follow along at flyht.com/investors/videos/.

Management will accept questions by telephone and e-mail.  Individuals wishing to ask a question during the call can do so by pressing *1. Also questions can be forwarded in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website (www.flyht.com) as soon as it is available.

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 FLYHTAerospace 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

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 Aerospace Solutions Ltd. Schedules Fourth Quarter and Year End Conference Call

Calgary, AB – FLYHT Aerospace Solutions Ltd. (TSX-V:FLY / OTCQX:FLYLF) (the “Company” or “FLYHT”) has scheduled a live conference call to discuss its fourth quarter results to be held, Wednesday, April 8, 2015 at 9 am MDT (11 am EDT, 8 am PDT).

The conference call will include a brief presentation about FLYHT’s fourth quarter and year end results and then a question and answer period with management.

To access the conference call by phone within Canada and the U.S. the toll-free number is 1-800-319-4610.  Outside Canada and the U.S., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time). A copy of the presentation will be available on FLYHT’s website for investors to follow along. flyht.com/investors/videos/

Management will accept questions by telephone and e-mail.  Individuals wishing to ask a question during the call, can do so by pressing *1. Also, you can email questions in advance or during the conference call to investors@flyht.com.

An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available from the conference call provider.flyht.com/investors/videos/

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 FLYHTAerospace 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

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.