FLYHT Reports Second Quarter Results

Calgary, AB – 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 its second quarter ended June 30, 2015.

“FLYHT made many strides in the second quarter; we hired a sales team, Ascend Aero, employed an additional sales resource and prepared to welcomed David Perez as the VP of Sales and Marketing in early July,” stated Bill Tempany, Chief Executive Officer of FLYHT. “Other highlights include an increase in revenue over the same quarter last year, the signing of two contracts, welcoming Major General Mark V. Rosenker to the Board of Directors and receiving the 2015 Excellence in Avionics Safety Systems Innovation Award by Avionics Magazine.”

Second Quarter Results Include:

  • Revenue of $1,598,603 in the second quarter, a 6% increase from Q2 2014.
  • Net loss for the quarter at $1,943,924, compared to a loss of $46,926 in the same period last year; in 2014 a $1,950,957 reversal of a provision for settlement of a liability was recorded in Q2.
  • Modified Working Capital at the end of Q2 2015 of $1,081,766, compared to $5,283,775 at December 31, 2014.
  • Customer deposits of $864,332, a 30.2% decrease over the second quarter of 2014; payments received of $298,863, were 28.7% lower than the same quarter of 2014.
  • Unearned revenue decreased to $1,236,476 or 3.6% lower than the second quarter of 2014; revenue recognized on AFIRS units shipped was lower and there was a lower amount of customer deposit value moved to unearned revenue.
  • Recurring revenue (voice and data services) of $855,121, showed a decrease of 4.3% over the second quarter of 2014 due mainly to suspended modems on slow paying customers, and parts sales of $285,459, an increase of 155% from the second quarter of 2014.
    Administration expenses decreased to $943,931 or 15.7% versus the second quarter of 2014.
  • R&D expense increased from $673,167 in 2014 (when the $1,950,957 litigation settlement provision reversal in that year is excluded) to $737,968.
  • Distribution expense increased $171,090 due to additional resources focused on customer deliverables, recruitment costs and production of marketing materials.

For detailed information FLYHT’s 2015 Second Quarter 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 http://www.flyht.com/investors/financial-reports-results-centre/. The MD&A and Financial Statements have also been sent to SEDAR and will be accessible at www.sedar.com.

FLYHT will host a live conference call to discuss second quarter results on Thursday, August 27, 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).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call can do so by pressing *1. Questions can also 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 flyht.com/investors/videos/ 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 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

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.

CEMATRIX Corporation Secures $2.4 million In Additional Contracts

Calgary, Alberta – August 26, 2015: 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 another $2.4 million in contracts, in aggregate, for construction projects in Canada. This year’s total contracted work is now $15.3 million, of which $1.0 million is slated for 2016.

“CEMATRIX continues to land a record number of contracted sales and to develop prospects for the future. Both the contracts for 2015 and prospects for 2016 and beyond are close to double what they were at this time last year. 2015 is becoming the break out year that we have all been working towards” stated Mr. Kendrick, President and CEO of CEMATRIX.

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 – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@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 5, 2015 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

FLYHT Aerospace Solutions Ltd. Schedules Second Quarter Conference Call

CALGARY, ALBERTA–(Aug. 21, 2015) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the “Company” or “FLYHT”) has scheduled a live conference call to discuss its second quarter results to be held Thursday, August 27, 2015 at 9 am MDT (11 am EDT, 8 am PDT).

The conference call will include a brief presentation about FLYHT’s second quarter 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).

Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call, can do so by pressing (i)1. You can also 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. http://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 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

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 Among Alberta’s 20 Most Innovative Organizations

CALGARY, ALBERTA–(Aug. 11, 2015) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the “Company” or “FLYHT”) has been selected by Alberta Venture Magazine in a list of 20 most innovative companies.

Alberta Venture’s annual innovators list is comprised of companies from a variety of sectors who are solving problems by thinking outside of the box in what they describe as “a compulsion to be better and an inability to be satisfied with the way things are”. FLYHT’s innovative Automated Flight Information Reporting System (“AFIRS(TM)”) is a blue box that fits in an aircraft avionics bay, connects to aircraft systems so operators always know where their aircraft are and what’s happening onboard, and emits an unmistakable alert to the airline when a problem exists. If a serious problem occurs, data is streamed to the airline in real time.

Alberta Venture sites the Air France 447 Accident in 2009 as the catalyst for FLYHT’s development of a real-time data streaming technology for AFIRS. AFIRS stands out from other similar technologies because of the intelligent software that picks out the problems onboard and streams data only when necessary. While the technology has existed since 2003, FLYHT added this additional feature in 2009. There was a gap in the market for streaming capabilities and FLYHT stepped in to fill it.

“Our customers have seen the value in the data AFIRS provides, resulting in great cost savings and operational improvements,” stated FLYHT President, Matt Bradley. “We hope that AFIRS can prevent accidents and FLYHT will continue to think of new ways to solve airline problems and enhance operational efficiency.”

You can read FLYHT’s feature, listed as The Silent Sentinel and see what other companies made the list here, http://albertaventure.com/2015/08/albertas-20-most-innovative-organizations/.

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

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 Soars Amongst Alberta Venture’s Top Innovators

FLYHT is feeling the love from the hometown crowd as it has just been named to Alberta Venture Magazine’s list of the province’s top 20 innovative companies.

The company is being recognized for its work in developing the revolutionary AFIRS 228 unit and its FLYHTStream application (unnamed in the article) that allows aircraft to automatically stream black box data in real-time in the event of an emergency. With well known companies like SportChek and PCL Construction sharing the list, FLYHT is in good company.

Targeting Alberta’s business elite, Alberta Venture is a source of news and information to Alberta’s business community. 74% of the magazine’s 160,000 monthly readers are business professionals, executives, or top-level management. Forty-nine percent of readers earn six figures, with the average reader’s household income totaling in excess of  $141,000. More than 70% of Alberta Venture readers invest in the public markets.

To view the news release, please click here.

To view the Alberta Venture article, please click here.
(FLYHT is featured as  “The Silent Sentinel”)

Please note, an earlier version of the the story cited an incorrect number of AFIRS units in service. The article has since been updated.  

 

CEMATRIX Corporation Reports Second Quarter Financial Results

Calgary, Alberta – August 6, 2015: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) announces the release of its consolidated financial results for the quarter and six months ended June 30, 2015.

Mid-Year Review

The Company had a solid start to 2015 in comparison with the same period in 2014. Contracted sales are at an all-time record level of $12.9 million ($11.9 million for 2015 and $1 million for 2016) as compared to only $4.5 million at the same time in 2014.

Sales for the six months ended June 30, 2015, of $4.983 million, were at a record high for the Company and were up 50% in comparison to the same period in 2014. The gross margin of $1.213 million or 24.3% was up by $754,691. Margins in the first six months were affected by lower margin winter work and are expected to increase throughout the balance of the year as expected volumes increase to cover fixed costs.

To assist with the management of working capital the Company, through its wholly owned subsidiary, CEMATRIX (CANADA) Inc., put in place a new working capital financing arrangement, which provides for up to $2,000,000 of working capital financing, to replace its credit facility with a Canadian chartered bank.

The challenges for management over the remainder of 2015 include completing the work that is contracted and to be fully contracted for the balance of the year; to work with customers to manage project schedules for 2015 work; to ensure that there are trained operating staff to complete the 2015 projects; to commission the two new production units; and to carefully manage working capital to fund operations through this significant growth period for the Company.

Financial Results

Selected financial information for the quarter and six months ended June 30, 2015 and 2014 is as follows:

CVX_150806_Q2Table

The outlook for 2015 remains positive. The Company has put in place $11.9 million of contracted work for completion in 2015. In addition it has also placed numerous bids on other projects currently scheduled to be completed in 2015 and 2016, but is unable to ascertain at this time how many of these projects, if any, will result in additional contracted work for 2015.

“Overall, the first six months of 2015 were a great success.” stated Jeff Kendrick, President and CEO of CEMATRIX. “Sales were up, prospects are up and the future continues to look promising.”

This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the quarter and six months ended June 30, 2015, both of which can be found on SEDAR.

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:

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 May 27, 2015 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

The Best Is Yet To Come – CEMATRIX Reports H1 2015 Results

In two short sentences, CEMATRIX President and CEO Jeff Kendrick summed up the Company’s performance for the first half of 2015. “Overall, the first six months of 2015 were a great success. Sales were up, prospects are up and the future continues to look promising.” With the second half of the year, traditionally being CEMATRIX’s busy season, the company appears well positioned to reach its $15 million revenue target.

So far, 2015 has record sales of $4.98 million, a 50% increase over the same period last year. Sales in the first half of 2015 have contributed significantly to the record total $12.9 million the Company has contracted, of which $11.9 million is scheduled to be completed by the end of the year. The total amount of work under contract this year eclipses the $4.5 million that CEMATRIX had contracted this time last year. CEMATRIX’s sales team are also working on project bids that total in excess of $100 million, with a historical success rate closing sales on bids ranging between 20% – 26%, the Company appears to be well on its way to a breakout year.

To view the news release, please click here.