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

Calgary, Alberta – March 30, 2016 – 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 6, 2016 at 9 am MDT (11 am EDT, 8 am PDT).

The conference call will include a brief presentation from FLYHT’s CEO Tom Schmutz and CFO Nola Heale about FLYHT’s fourth quarter and year end results followed by a question and answer period with management.

To access the conference call by phone within Canada and the U.S.A the toll-free number is 1-800-319-4610. Outside Canada and the U.S.A, 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. 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. http://flyht.com/investors/videos/

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
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.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.

FLYHT Aerospace Solutions Ltd. Announces Updates Including New Airline Contracts and IP Sales Update

Calgary, Alberta – March 29, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced the following updates:

FLYHT has signed contracts over the past six months with six new airlines including three in China, for a total of 13 aircraft, that will install the Automated Flight Information Reporting System (“AFIRSTM”) and/or sign up for UpTimeTM products, generating recurring revenue. Aggregate revenue on all six contracts will be approximately $615,000 USD provided FLYHT completes all installations and provides recurring revenue services for the full terms of the agreements. Optional services are available to the customers in addition to what has been ordered.

“We are making progress worldwide with airlines and China continues to be a growing market for FLYHT,” remarked VP Sales and Marketing David Perez. To improve customer relations and sales opportunities in China, FLYHT has hired a new account manager stationed in Shanghai. “The new position provides local support for airlines in the region which allows the VP, China Sales to focus full-time on sales efforts.”

Independent from these events noted above, FLYHT has executed an amendment modifying the payment dates for the IP license agreement previously entered into between FLYHT and a technology company (the “Licensee”) (see press release dated December 21, 2015). All terms of the agreement remain unadjusted except for the license payments to FLYHT have been delayed while the Licensee completes certain internal processes and confirms their market demand. The amendment modifies the license payments to occur in the second quarter of 2016.

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
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.

CEMATRIX Corporation Secures $2.6 Million in New Contracts for 2016

Calgary, Alberta – March 28, 2016 – 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 $2.6 million in additional contracts, bringing this year’s contracted total to $8.4 million.

“These new contracts are for oil and gas and infrastructure projects from across Canada and include significant change orders for projects that have been underway for some time. It is apparent that our customers continue to appreciate the advantages of our product over various alternatives, as they continue to find new applications for our cellular concrete within their projects,” 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 March 2, 2016 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 Tri-Wing Aviation to Promote Sales in South East Asia

Calgary, Alberta – March 24, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced a sales agreement with Tri-Wing Aviation Resources Pte. Ltd. (“Tri-Wing”) based in Singapore. Tri-Wing will represent FLYHT’s technology and services as a sales team in South East Asia.

Tri-Wing has 25 years experience serving and supporting airlines, general aviation operators, military agencies and maintenance, repair and overhaul (“MRO”) businesses in Asia. Tri-Wing will pursue SATCOM avionics hardware sales, flight tracking and flight data services opportunities for FLYHT and also establish contacts with regional regulatory authorities who may have an interest in FLYHT’s technology for enhancements and safety of flight operations.

“We witnessed Tri-Wing’s connections first hand at the Singapore Airshow in February,” remarked FLYHT’s VP of Sales and Marketing David Perez. “South East Asia is one of FLYHT’s primary target markets and we anticipate Tri-Wing’s ability to lead the hands-on sales efforts and communicate FLYHT’s value proposition in the area.”

FLYHT will maintain its own sales representation in China with Tri-Wing focusing on the surrounding countries in the Asia Pacific region.

“We believe the Asia Pacific aerospace industry will be extremely interested in the benefits which FLYHT’s technology provides, optimizing flight operations and enhancing flight safety,” stated Johnny Lim, President of Tri-Wing. “With our regional presence and the contacts we have established over the past 25 years, we can connect FLYHT’s unique technology to those customers that have expressed a need”.

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.

About Tri-Wing

Established in March 1992 Tri-Wing Aviation Resources has been serving and supporting the Airlines, MROs, General Aviation and the Military for their aviation needs for outright purchases, exchanges, repair and overhaul. This includes expendables, consumables, avionics, accessories, instruments and components under direct purchases or buyer/supplier furnished equipment programs. Tri-Wing supports various aircraft types ranging from commercial aircraft that includes Airbus, Boeing and other OEMs to military aircraft in both fixed-wing and rotary-wing. Tri-Wing holds Defense Department Trade Controls and International Traffic in Arms Regulations accreditation, is a TRACE Certified Company, a member of the Singapore Business Federation and a member of the Association of Aerospace Industries (Singapore). Tri-Wing with its head office in Singapore at the Seletar Aerospace Park has its regional presence in China, Indonesia, Philippines, Malaysia, Thailand, Vietnam, Myanmar and USA.

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

Tri-Wing Aviation Resources Pte Ltd

Johnny Lim
President
Mobile: 65 96752128
Johnny.Lim@triwing.com.sg

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 Announces the Re-Appointment of The Howard Group Inc. as its Investor Relations and Financial Services Advisor

Calgary, Alberta – March 21, 2016: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or “CEMATRIX”) is pleased to announce that it has extended its agreement with The Howard Group Inc. (the “Howard Group”), as its investor relation and financial services advisor for an additional eighteen (18) month period effective April 1, 2016.

Since 1988, the Howard Group has provided comprehensive investor and financial relations, business development solutions, in-depth strategic planning and financing services to public companies. The Howard Group, who has been associated with the Corporation since 2010, has been retained by the Corporation for an additional period of eighteen (18) months from April 1, 2016. The Howard Group will be responsible for, among other matters, the dissemination of corporate data packages, broker presentations, broker communications, organizing conference calls with the investment community and handling shareholder enquiries regarding the Corporation. The Howard Group maintains and distributes an ongoing investor commentary on behalf of CEMATRIX, to access visit – https://howardgroupinc.com/howard-group-blog/.

The Howard Group will receive remuneration in the amount of $6,000 per month, rising to $7,000 per month upon satisfaction of certain milestones, as well as approved expenses and any additional fees incurred for design of communication materials and other contract work. The agreement also provides for the issuance of 300,000 stock options with an exercise price of $0.40 expiring March 18, 2019, which options shall vest at a rate of 50% twelve months after issuance, 25% eighteen months after issuance and 25% twenty four months after issuance. The Howard Group recently exercised 300,000 stock options previously granted by the Corporation.

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

CEMATRIX – A Standout Venture Exchange Performer

Let’s start this with some key highlights from 2015:

  • 76.5% increase in sales to $15.38 million
  • EBITDA of $2.85 million
  • EBITDA per share of $0.08
  • Income up nearly $2.5 million
  • Gross margin increased to 32%

CEMATRIX is coming off a breakout year which is attributed to tireless management who have taken salary cuts, driven trucks and operated equipment to ensure the company’s survival through some incredibly difficult times.  All the painstaking growth was executed without issuing any equity, keeping the sharecount to a tight 34.2 million.

There are few companies on the Venture Exchange that can boast this kind of performance and management is predicting strong growth through 2016 with a targeted $18 million in revenue and increased EBITDA.  

Although CEMATRIX cut its teeth in the oil sands, originally pouring tank bases, over 90% of projected revenue for 2016 and beyond comes from the lucrative infrastructure market where its specialty concrete provides innovative solutions. Currently there are several large projects that management are bidding on that eclipse all past pours and add significant blue sky to this story.  

Shareholders will appreciate the recent run up to a new all time high as the share price briefly reached $0.39 this week. But even as CEMATRIX revenues continue to grow, as of this morning it is trading at $0.36, reflecting a valuation of just over $12 million.

To view today’s news on 2015 Year End results, please click here.

CEMATRIX Corporation Announces Record Year Ended Results

CALGARY, ALBERTA–(March 3, 2016) – CEMATRIX Corporation (TSX VENTURE:CVX) (the “Corporation” or the “Company” or “CEMATRIX“) announces the release of its consolidated financial results for the year ended December 31, 2015.

2015 sales of $15,379,787 increased by $6,667,594 or 76.5%, operating income increased to $2,435,428 from an operating loss of $53,212 in 2014, an improvement of $2,488,640 and EBITDA (earnings before interest, taxes, depreciation and non-cash stock based compensation) increased to $2,853,108 or $0.08 per share. The gross margin percentage for the year was on target at 32%, as compared to 21.7% for the previous year. As expected, the overall margin percentage continues to increase as the fixed costs of operations are spread over greater number of cubic metres of cellular concrete produced and place.

Sales for the three months ended December 31, 2015 continued to be strong. Sales of $6,304,032 increased by $1,890,685, or 42.8% compared to the same period in 2014 and operating income of $1,110,096 increased by $164,117 or 17.3%. The gross margin percentage of 31.6% was down slightly from 32.5% in the same period in 2014.

In February 2016, the Company’s wholly owned subsidiary CEMATRIX (Canada) Inc. entered into an agreement with the Canadian Western Bank for a $2,000,000 demand operating loan. The proceeds from this loan will be used to repay a 16.5% mezzanine loan and to finance day-to day operations.

The Company now has $5.8 million of sales contracts in place for projects currently scheduled for 2016. In addition, the Company has been approached to provide design assistance, or quotes, or both, for numerous other projects currently scheduled to be completed in 2016 and beyond.

Selected financial information for the three months and year ended December 31, 2015 is as follows:

CVX_160303_Chart

Highlights for 2015 included the following:

  • The Company had a record sales of $15,379,787 and generated record levels of income to common shareholders of $1,589,667 and EBITDA of $2,853,108.
  • The Company’s stock price closed the year at $0.30, up from $0.21 at the close of 2014, an increase of 42.9%.
  • A new dry mix production unit went into service in late 2015 adding to the Company’s production capacity.
  • The Company`s wholly owned subsidiary, CEMATRIX (Canada) Inc., entered into an agreement that provided up to $2,000,000 of working capital financing.
  • The Company opened an operating facility in Ontario to support its growth in the Eastern Canada market.
  • Late in 2015 the Company signed its first contract for work in Quebec. This project is currently scheduled for completion in 2016.
  • The Company continued its focus on health and safety, by ensuring a safe work place and maintaining all of its safety certifications and registrations. 2015 was another injury free year with no lost time medical incidents.

This press release should be read in conjunction with the Corporations Audited Consolidated Financial Statements and Management Discussion and Analysis for the year ended December 31, 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 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.