FLYHT Licences Intellectual Property For $2.5 Million USD

FLY:TSX-V

We know that investors have a number of questions around today’s announcement that FLYHT has sold a non-exclusive license to an unnamed technology company containing IP rights to develop an alternative or different AFIRS technology for Iridium’s NEXT satellite constellation. FLYHT has been restricted by the purchaser in the amount of information that can be disclosed.

The plus on this deal is that FLYHT will receive $2.5 million in the first quarter of the new year, which alleviates financing pressure and the dilution that comes with new equity. Secondly, FLYHT will have an option to sell the product developed with this IP.

Also, according to management, the unnamed technology company has already received approval to develop a product to operate on the “Iridium NEXT” satellite constellation, whereas FLYHT did not bid to receive one of the licenses (although the current FLYHT products will continue to operate on Iridium NEXT).

It’s also important to point out that the unnamed company is already a high volume distributer of AFIRS technology and this licence agreement doesn’t impact its current sales agreement.

Iridium NEXT: “Scheduled for 8 launches through 2017, Iridium’s groundbreaking second-generation satellite constellation is set to deliver exciting new innovations and opportunities, while providing continued high performance and reliability for all existing Iridium® solutions — far into the future”. For more information on Iridium NEXT, click here.

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

 

FLYHT Agrees to Grant a Non-Exclusive License of Certain Intellectual Property for $2.5 million USD

CALGARY, ALBERTA–(Dec. 21, 2015) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the “Company” or “FLYHT”) today announced the granting of a non-exclusive license to use certain of its intellectual property (the “IP”). The license is granted to a technology company (the “Licensee”) for an aggregate license fee of $2.5 million USD, payable in the first quarter of 2016.

The licensed IP includes FLYHT software and hardware technology that is currently sold to an original equipment manufacturer (“OEM”). The non-exclusive license does not include any of FLYHT’s IP associated with the Company’s ground-based software program, Uptime™, nor does it include the AFIRS 228S proprietary embedded logic application (“ELA”) for real-time processing of aircraft data. As part of the agreement, FLYHT obtains the right to resell the Licensee’s future Iridium CERTUS product that will function on the Iridium NEXT constellation (if the Licensee brings such a product to market).

“This non-exclusive license is mutually beneficial for FLYHT and the Licensee,” remarked FLYHT CEO Thomas R. Schmutz. “The license agreement announced today will enable new opportunities for both organizations and does not impact FLYHT’s ability to sell and develop its own product lines, nor does it impact, in any way, existing revenue streams or future planned revenue streams.”

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, CPA (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.
Caleb Jeffries
(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 Receives Second Certification from Brazilian Authorities

Calgary, Alberta – December 17, 2015 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported receipt of a Supplemental Type Certificate (“STC”) for its Automated Flight Information Reporting System (“AFIRS™”) 228 on the Boeing 737 Classic and 737 Next Generation series aircraft from the National Civil Aviation Agency (“ANAC”) of Brazil.

In addition, the Company received a re-issued Transport Canada STC, adding the ATR-500 model for AFIRS 228 certification to the STC previously issued. The certificate will be used to install AFIRS on an existing Canadian customer’s newly acquired aircraft for routes in Canada.

“We continue to expand and develop AFIRS 228 STCs to reach popular aircraft types in operation by several of our existing customers as well as prospective customers,” said Thomas R. Schmutz, CEO 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. The Company continues to develop STCs for numerous other aircraft types.

AFIRS 228 is FLYHT’s next-generation flagship product. It is designed to provide a fully certified avionics platform capable of meeting all air navigation communications requirements in Europe, the United States and other jurisdictions around the world. It also provides the input and outputs necessary to enhance the value of real-time data for FLYHT’s customers globally. The AFIRS 228 enables the FLYHTStream™ application to provide real-time black box data streaming.

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, CPA (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.
Caleb Jeffries
(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 Receives TSX Venture Exchange Approval for Warrant Price Amendment

Calgary, AB – FLYHT Aerospace Solutions Ltd. (TSX-V:FLY / OTCQX:FLYLF) (the “Company” or “FLYHT”) has received approval from the TSX Venture Exchange (the “Exchange”) to amend the exercise price of the share purchase warrants (the “Debenture Warrants”) that were originally issued on December 23, 2010 in connection with the Company’s private placement of Debentures, to $0.20 per Debenture Warrant. The Debenture Warrants that were approved for the amendment consist of an aggregate of 3,948,750 Debenture Warrants due to expire on December 23, 2015.  The exercise price is now $0.20 per Debenture Warrant (previously the exercise price was $0.75 per Debenture Warrant).

For further information on the original issuance of the Debentures and the Debenture Warrants – please see the Company’s press releases dated December 23, 2010, December 22, 2014 and December 8, 2015. 

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

Kin Communications Inc.
Caleb Jeffries
(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.

BNN: Alex Ruus Says FLYHT Has The Potential To Be A “Ten Bagger”

Trading Symbol –  FLY:TSX-V

In the midst of a difficult market, many FLYHT investors may be wondering why the company’s stock has traded close to 900 thousand shares in the first couple of hours of trading today. There’s no doubt the market is responding to very positive comments about the company’s future by Arrow Capital Portfolio Manager Alex Ruus.

His remarks were prompted by a caller’s question during yesterday’s (December 7th) appearance on BNN’s Market Call Tonight segment.

Mr. Ruus’ future expectations for FLYHT are summarized in  some powerful statements.  

  • “One of our bigger small cap positions in the portfolio. We absolutely love the opportunity here.”
  • “They have some world beating technology.”
  • “Aerospace has super high regulatory barriers to get into. They have broken them.”
  • “They are on the production line at Airbus and Bombardier. My bet is that by this time next year they’ll be on the production line at Boeing.”
  • “Big, big pipeline of business coming.”
  • “My modelling says five years out, the free cash flow coming out of this company could be two to three times the current market cap.
  • “To me it is a table pounder.”
  • “My five year target is a two dollar stock, so a ten bagger from here.”

Click here to view the segment, he talks about FLYHT at the 1:24 mark.

 

 

FLYHT Applies for Debenture and Warrant Amendments

CALGARY, ALBERTA–(Dec. 8, 2015) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the “Company” or “FLYHT”) wishes to announce that it has made application to the TSX Venture Exchange (the “Exchange”) to:

  1. extend the expiry date on the conversion feature of the Company’s debentures (the “Debentures”) that were originally issued on December 23, 2010 by one year (consistent with the maturity date of such Debentures) and amend the conversion price on the Debentures to $0.25 per. The outstanding Debentures that are the subject of the extension application consist of an aggregate of $3,094,000 Debentures. The Debentures are set to mature on December 23, 2016 and the application being submitted to the Exchange is to: (i) extend the ability to convert the Debentures into common shares of the Corporation (“Common Shares”) until December 23, 2016 (currently such conversion feature expires on December 23, 2015); and (ii) amend the conversion price at which such Debentures are convertible into Common Shares to $0.25 per Common Share (currently the conversion price is $0.40 per Common Share). The Debentures continue to bear interest at a rate of 8% per annum; and
  2. amend the exercise price of the share purchase warrants (the “Debenture Warrants”) that were originally issued on December 23, 2010 in connection with the Company’s private placement of Debentures to $0.20 per Debenture Warrant. The Debenture Warrants that are the subject of the amendment application consist of an aggregate of 3,948,750 Debenture Warrants. The foregoing Debenture Warrants are set to expire on December 23, 2015 and the application being submitted to the Exchange is to amend the exercise price to $0.20 per Debenture Warrant (currently the exercise price is $0.75 per Debenture Warrant).

For further information on the original issuance of the Debentures and the Debenture Warrants – please see the Company’s press releases dated December 23, 2010 and December 22, 2014.

Completion of the Debenture and Debenture Warrant amendments is subject to: (i) the approval of the debenture holders in accordance with the trust indenture (in the case of the Debenture amendments); and (ii) the final approval of the TSX Venture Exchange.

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

Kin Communications Inc.
Caleb Jeffries
(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 Another $1.9 Million in Contracts

CALGARY, ALBERTA–(Dec. 2, 2015) – CEMATRIX Corporation (TSX VENTURE:CVX) (the “Corporation” or the “Company” or “CEMATRIX“) is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has secured another $1.9 million in contracts, in aggregate, for construction projects in Canada. Total contracted work is now a record $18.1 million, of which a record $15 million is slated for completion in 2015.

“The majority of these new contracts relate to infrastructure work in Eastern Canada, which is further confirmation of the continued growth of this market,” 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.