CEMATRIX Solidifies Important Chartered Banking Relationship

Shareholders should appreciate the importance of today’s announcement that CEMATRIX has signed an operating line credit facility with Canadian Western Bank. At the outset of 2015, which turned into a record year for CEMATRIX, RBC determined that it was unable to provide the level of working capital financing required by CEMATRIX to support the forecasted sales growth that management had predicted.

CEMATRIX was then faced with a situation that if its business activity did in fact rapidly escalate as forecasted, it’s working capital flexibility was severely restrained. In order to remedy this situation, CEMATRIX management, with the assistance of RBC, was diligent in securing a credit facility with Tallinn Capital in May of 2015. for up to $2 million. This would  fund operations through its busy season by way of factoring an interim Mezzanine loan to replace its former credit facility.  Although the money was expensive, carrying a 16.5% to 22% interest rate, it was necessary for CEMATRIX at the time to achieve a successful year.

As a side note, management believes close to 90% of its 2016 revenues will be driven by infrastructure projects.

Today, CEMATRIX announced it has signed a credit facility with Canadian Western Bank for up to $2 million bearing an interest rate of 4.70% or 2% above prime, whichever is greater. It should be noted that management has been extremely complimentary to Tallinn Capital for the support it provided to CEMATRIX and the lending group also played an important role in solidifying the new relationship with Canadian Western Bank.

The timing of this news is most welcome as CEMATRIX announced this past January that it exceeded its forecasts for 2015. Management is on the record that it expects  2016 to be even more robust. Audited 2015 year end results will be released in early March.  

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

CEMATRIX Corporation Announces the Signing of $2,000,000 Bank Loan Commitment Letter with the Canadian Western Bank

Calgary, Alberta – February 29, 2015: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or “CEMATRIX”) is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. (the “Cematrix Canada”) has entered into a new financing agreement with the Canadian Western Bank (the “Bank”) for a $2,000,000 demand operating loan (the “Operating Loan”). The Operating Loan will bear interest at an amount equal to the greater of 4.70% or 2% above the Bank’s prime lending rate, and will be secured by a general security agreement providing a first secured interest in the receivables and inventory of Cematrix Canada and guaranteed by the Corporation with the Corporation granting a general security agreement providing a first secured interest in all present and after acquired property of the Corporation.

The Operating Loan will be used to repay a mezzanine loan through Tallinn Capital Mezzanine Limited Partnership with a rate of 16.5% and to finance day-to-day operations of Cematrix Canada.

“The completion of this financing will significantly reduce Cematrix Canada’s interest expense and will provide the working capital funding necessary to support the expected continued sales growth in 2016. We look forward to working with the Canadian Western Bank to continue to grow our organization. We also thank Tallinn for providing their financial support” stated Jeff Kendrick, CEMATRIX President and CEO.

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. Signs Strategic Partnership with Flight Data Services Ltd.

Calgary, Alberta – February 11, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced a strategic partnership with Flight Data Services Ltd. (“FDS”), global leader in flight data monitoring (“FDM”), to offer a complete flight data acquisition and analysis solution to the aviation industry.

FDS has served global airlines for over sixteen years with safety innovation technology for flight data monitoring and flight operations quality assurance (“FOQA”). FDS provides airlines with the web-based POLARIS platform, enabling flight data analysis to maximize operational efficiency and minimize risk. Similarily, FLYHT leads the industry in real-time data acquisition that is used to monitor, manage and improve airline operations, reduce maintenance costs and improve safety.

Under this agreement, FLYHT’s Automated Flight Information Reporting System (“AFIRS™”) is the Flight Data Acquisition (“FDA”) system to gather the data from the  aircraft and process the information using FDS’ POLARIS platform to translate into valuable safety information for airline customers enabling them to meet international safety regulations.

“We have seen a demand for FDM systems from the industry and customers as a way to further understand how aircraft are being flown,” remarked David Perez, FLYHT’s VP of Sales and Marketing. “This is an ideal partnership that will allow us to provide optional extended services to our customers and enable the opportunity to sell AFIRS to existing FDS customers.”

The two companies plan to market their combined services in promotional materials and online.

“FLYHT’s AFIRS data acquisition system ideally complements our POLARIS data analysis platform, and through this collaboration our two companies can offer a streamlined service right at the forefront of technical innovation,” said Dave Jesse, CEO, FDS.

About Flight Data Services Ltd.

Flight Data Services provide Flight Data Monitoring (FDM), Flight Operations Quality Assurance (FOQA) as a full analysis service to aircraft operators worldwide. Our technology centres in the UK and USA provide a full Flight Data Monitoring & FOQA service via the internet using our web-based platform POLARIS. We provide Flight Data Services for over 80 operators, monitoring about 2,000 flights per day as a fully outsourced service.

We pride ourselves on being a global leader in flight safety innovation. Our expert knowledge of flight data, aviation safety, and information technology is delivered to operators globally. Our qualified and experienced flight safety specialists include the highest ratio of analysts to aircraft in the industry.

Through our research and development activity, we are exploring, evaluating and employing the latest technology tools. We are dedicated to continuous improvement, and in 2015 we were accredited with the ‘Investors in People’ award.

About FLYHT Aerospace Solutions Ltd.
FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 
Investor Relations

Flight Data Services
Sarah Westley
Business Development & Marketing Executive
+44 1329 223663
Sarah.westley@flightdataservices.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 $1.6 Million in New Contracts for 2016

Calgary, Alberta – February 9, 2016: 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 $1.6 million in additional contracts, bringing this year’s contracted total to $5.8 million.

“These new contracts reflect the continued growth of infrastructure markets across Canada, as they include a contract for a large tunnel project in Eastern Canada,” 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 Announces Investor Relations Engagement

Calgary, Alberta – February 1, 2016 (TSX-V: FLY) (OTCQX: FLYLF) FLYHT Aerospace Solutions Ltd. (“FLYHT” or the “Corporation”) is pleased to announce that as part of its investor relations strategy for 2016, the Corporation will continue to engage the services of The Howard Group Inc. (“The Howard Group”) to assist the Corporation with its investor relations activities.

The Howard Group has been retained, pursuant to an investor relations agreement executed between the parties, for a two-year period, and will be engaged, among other matters, to: (i) assist with the coordination and dissemination of news and information of the Corporation to the public and the shareholders of FLYHT; and (ii) initiate and maintain contact with brokers, investors, prospective investors, brokerage houses, analysts and newsletter writers, and provide them with the news of FLYHT. In addition, The Howard Group will assist in coordinating: (i) media monitoring and reporting, (ii) any required road show presentations or organization, (iii) review and editing of investor relations material, and (vi) participation in the Corporation’s investor relations strategy. The Howard Group will advise FLYHT on its website and internet presence and will include FLYHT in its Insight investor blog commentary – https://howardgroupinc.com/howard-group-blog/.

Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, business development solutions, strategic planning and financing services to public companies. The Howard Group is associated with the Insight Limited Partnership II, which invests in micro and small cap companies. The Howard Group, the principals of The Howard Group and the Insight II Limited Partnership own approximately 2.5 million shares in FLYHT.

Under the terms of the investor relations agreement, The Howard Group will receive remuneration in the amount of $6,000 per month. The agreement also provides for, subject to the approval of the TSX Venture Exchange, the issuance of 400,000 common share stock options of FLYHT to The Howard Group (200,000 common share stock options) are to be issued on or before March 1, 2016 at an exercise price per share equal to the Company’s market price of the shares on the date of issuance and subject to the pricing rules of the TSX Venture Exchange in relation to options. The options will be subject to the vesting of 50,000 per quarter over the calendar year and shall be exercisable until December 31, 2018. An additional 200,000 common share stock options are to be issued on March 1, 2017 at an exercise price per share equal to the Company’s market price of the shares on the date of issuance and subject to the pricing rules of the TSX Venture Exchange in relation to options. The options will be subject to the vesting of 50,000 per quarter over the calendar year and shall be exercisable until December 31, 2019). The agreement can be cancelled with 30 days’ notice in writing and all stock options that have not yet been issued or vested upon termination of an agreement would immediately terminate. The options are subject to a four month hold period.

The investor relations agreement and the issuance of stock options are subject to TSX Venture Exchange approval.

The investor relations agreements with each of Bristol Institutional Relations, a division of Bristol Capital Ltd. and Kin Communications Inc. have expired and were not renewed by the Corporation.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRSTM), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTimeTM ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

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

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.