Trakopolis Files First Quarter Fiscal 2017 Results

CALGARY, November 28, 2016 – Trakopolis IoT Corp. (“Trakopolis” or the “Company”, and formerly, Lateral Gold Corp.) (TSXV:TRAK), and its wholly-owned subsidiary, CANHaul International Corp (“CANHaul”), today announced that each have separately filed unaudited consolidated financial statements and MD&A for the three months ended September 30, 2016 on SEDAR which are available at www.sedar.com.

The financial results for the first quarter of fiscal 2017 for Trakopolis and CANHaul respectively reflect the operations of Trakopolis and CANHaul prior to the previously announced closing of an amalgamation on October 28, 2016, whereby CANHaul became a wholly-owned subsidiary of Trakopolis through a reverse takeover transaction. Together with the amalgamation and subsequent to the quarter:

  • Trakopolis completed a fully subscribed offering, including exercise in full of the over-allotment option, for gross proceeds of $5,750,000 and listed shares on the TSX Venture Exchange under the symbol TRAK;
  • Trakopolis replaced and restructured its long-term debt facility of $1,500,000 with a new facility of $2,800,000 and completed an initial draw of $2,300,000; and
  • Trakopolis acquired Electronic Logbook (ELOG) software assets from Verigo Inc. to support Trakopolis’ expectation of a forthcoming regulatory requirement for commercial drivers to transition to ELOG based records over the next 2 years.

Brent Moore, President and Chief Executive Officer of Trakopolis made the following comments:

“Now that we have the financial resources in place, we are executing on our strategic growth plan. We have expanded our sales force in key target markets including Texas and Pennsylvania as we increase our sales capability and partnerships in the United States and Canada. We are building our sales funnel with a focus on the enterprise segment and we continue to invest in our software platform to enhance existing products and deliver new capabilities.”

About Trakopolis
Trakopolis provides business intelligence services and software to organizations requiring current information and relevant data on the location and status of corporate assets such as equipment, devices, vehicles and people.

Trakopoolis is a proprietary Software as a Service (SaaS) solution suitable for the customized tracking and analytics requirements of many verticals.

For more information, visit trakopoliscorp.com or sedar.com

FOR FURTHER INFORMATION, PLEASE CONTACT:

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.http://sedar.com
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the execution of the strategic growth plan; legislative or regulatory changes; and the business and operations of Trakopolis. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, including legislative developments with respect to ELOG; those additional risks set out in Trakopolis’ public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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.

FLYHT Contracts with a Maintenance Repair Company in China

CALGARY, AB–(November 28, 2016) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today announced a contract with Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) to provide repair services to FLYHT’s customers in the People’s Republic of China (China). GAMECO specializes in aircraft and airborne component maintenance, repair and overhaul (MRO).

Pursuant to the contract, GAMECO will operate a repair depot located in Guangzhou to service the Automated Flight Information Reporting System (AFIRS™) units purchased by FLYHT’s customers in the region. The contract appoints GAMECO as the sole service centre in China for FLYHT supplied and serviced products.

“With the growth of the market for AFIRS in China, we wanted to introduce maintenance support in the region to provide service alternatives for our customers,” remarked FLYHT’s VP, Operations and Customer Fulfillment Matieu Plamondon. “FLYHT’s business in China has grown significantly in the last few months. We currently have a total of 19 customers and continue exploring new relationships with other interested parties in the region.”

Contracting for repair depot services in China was an important milestone in the 2016 “FLYHT Plan”, the Company’s annual goals.

“GAMECO is very excited about entering this partnership with FLYHT Aerospace Solutions. We are committed to delivering excellent service on FLYHT’s products. Together, we want to benefit customers, offering them an easy support solution right here in the region. This is an important step for us in our future development,” stated GAMECO’s Manager of the component business centre, Jin Yao Ming. “Nowadays, GAMECO is putting more focus on developing markets abroad.”

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 2.3 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 GAMECO

Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO), established in October 1989 at Guangzhou Baiyun International Airport, is a joint venture between China Southern Airlines Co. Ltd. (CSN) (50%) and Hutchison Whampoa (China) Ltd. (HWCL) (50%) from Hong Kong, that specializes in aircraft and airborne component maintenance, repair and overhaul.

As a MRO approved by CAAC, FAA, EASA and many other aviation authorities in the Asia-Pacific Region, and as a Civil Aircraft Designated Modification Design Organization Representative (DMDOR) and with a CAAC-PMA Certificate approved by the Central & Southern Regional Administration of CAAC, GAMECO is capable of performing multi-levels of aircraft maintenance checks, modification and engineering services on multiple aircraft types of Boeing, Airbus and Embraer aircraft. The company operates a state-of-art Component Business Center, providing extensive component repair & overhaul services to customers and supporting very competitive, internal maintenance schedule commitments.

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

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 Reports Results for the Nine Months Ended September 30, 2016

Calgary, Alberta – November 24, 2016: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) announces the release of its consolidated financial results for the three and nine months ended September 30, 2016.

Third Quarter Highlights

Contracted sales are currently at $16.0 million, of which $5.8 million is now scheduled to be completed in the first half of 2017.

“The third quarter results were below managements’ expectations as contracted sales, for 2016 work, were moved to the fourth quarter or into 2017 and we had to absorb unanticipated additional costs related to a June project” stated Jeff Kendrick, President and CEO of CEMATRIX. “The most significant highlight of the third quarter is that 2016 infrastructure sales will not grow sufficiently in the year to offset the loss of oil and gas construction sales. This is partially because the infrastructure market is just taking longer to develop, but more so because an unusual number of fall projects were delayed to the first part of 2017. The delays were the result of wet weather and onsite contractor construction issues. Furthermore, up until late in the third quarter of 2016, CEMATRIX had expected that certain additional infrastructure projects would be contracted and that our 2016 sales forecast could still be achieved. Unfortunately, this expectation was not realized.”

Financial Results

Selected financial information for the three and nine months ended September 30, 2016 and 2015 is as follows:

cvx_161124chart

This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the three and nine months ended September 30, 2016, 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 rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

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 May 4, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

CEMATRIX Corporation Secures $2.2 Million in New Contracts

Calgary, Alberta – November 17, 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 $2.2 million in additional contracts, bringing this year’s contract sales total to $16.0 million. $5.8 million of this total contracted amount is now scheduled to be completed during the first six months of 2017.

“These new contracts support the continued acceptance of CEMATRIX’s cellular concrete into the North American infrastructure market for various construction applications,” stated Mr. Kendrick, President and CEO of CEMATRIX. “Of note, the major contract in the new contracts announced is related to a new application that uses CEMATRIX’s lightweight cellular concrete to stabilize landslides under existing roadways, resulting in safer roads with extended service lives and reduced maintenance costs. The success of this project could result in significant use of cellular concrete for this new application.”

“The majority of the contracted projects to be completed in 2017, represent projects originally scheduled to be completed this fall, but have been delayed due to on site construction issues being experienced by our customers. On a positive note, these delayed infrastructure projects will result in a very strong start to the 2017 year.”

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

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 May 4, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

FLYHT Receives $2.35 Million Interest-Free Government Loan

Wednesday (November 9th) was a good news day for FLYHT as management discussed its second consecutive profitable quarter with shareholders only to be followed that afternoon by a presentation where  the company  received a $2.35 million interest-free loan from the Western Innovation (WINN) Initiative.

The WINN funding will be used to “support plans for technology development in the air and ground components of FLYHT’s satellite/aircraft communications systems” up to December 2018. The loan is to  re-paid between January 2020 and December 2024.

This is most welcome news as investors are waiting to see how the company addresses  $3.2 million in convertible debenture coming due on December 23, 2016. The conversion price of the debentures is $0.25 per share. The WINN funds provide the company with considerable breathing room as this loan meets much of the future capital required for ongoing projects.

CEO Tom  Schmutz has publicly stated that the company is on track to grow a minimum of 30% this year independent from the IP sale made in the second quarter. Next year’s organic growth is expected to be in the same range before new larger opportunities, that management believes it will secure.  The last financial report showed that the company has over $3.8 million in cash and $1.5 million in receivables.

Even though the company has been showing growth and executing on its business plan the stock has continued to trade in a very narrow range of $0.18 to $0.22 since the summer of 2015.

To read the news release on the WINN interest-free loan to FLYHT, please click here.

FLYHT Awarded Western Innovation Initiative (WINN) Loan of $2.35 Million

Calgary, Alberta – November 9, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) has been selected as the recipient of a $2.35 million interest free WINN loan by Western Economic Diversification Canada.

FLYHT applied for the WINN financial contribution in the spring of 2016 to support plans for technology development in the air and ground components of its satellite/aircraft communications systems. The Company was selected for the interest free loan in a competitive evaluation process that included FLYHT’s business plan, technology, commercial viability, internal expertise and capabilities.

“It’s really exciting to have been selected for WINN funding which greatly contributes to the work we do in the aerospace sector in Alberta,” remarked FLYHT’s program manager, Flint Walters. “With these funds, we plan to upgrade the Automated Flight Information Reporting System (AFIRS™) and commercialize the Company’s cloud-based UpTime™ software which includes functionality to better support new and current customers.”

“FLYHT is poised to be a global player in the aircraft communications technology sector and the innovative satellite systems it is developing can solve real challenges in the industry. The Government of Canada’s investment in companies such as FLYHT will generate real growth for the local economy and provide jobs for our skilled workers,” Darshan Kang, Member of Parliament for Calgary Skyview on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada

The WINN funding will be used for FLYHT projects occurring between September 5, 2016 and December 10, 2018. The loan will be repaid between January 2020 and December 2024.

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 2.3 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 the Western Innovation Initiative (WINN)

WINN is a Canadian federal government program designed to stimulate greater private sector investment in western Canadian commercialization activities.  It helps businesses with less than 500 employees commercialize innovative technology-based products, processes or services by providing an interest free loan of up to $3.5M. Western Innovation (WINN) Initiative


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

Donna Kinley
Regional Communications Manager
Western Economic Diversification Canada
780-495-6892
donna.kinley@canada.ca

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 Notches Two Profitable Back To Back Quarters – Growth Continuing

FLY:TSX-V

On the heels of very positive third quarter (September 30th) results, CEO Tom Schmutz and CFO Nola Heale hosted FLYHT’s quarterly conference call, which was noted to be the first money making quarter based on what the company calls “traditional” revenue. In the second quarter, the company sold Intellectual Property for $2.5 million USD which drove it to profitability.

fly161109chart  Here are some key points from Mr. Schmutz during the conference call.

  • “Total revenue for the quarter was $4.1 million, our largest revenue quarter ever from traditional revenue sources and 61% larger than Q3 of last year. More importantly, the third quarter was our second consecutive positive income quarter in a row, the first back to back, money-making quarters in the company’s history!”
  • “Through September, FLYHT has posted a $1.6 million-dollar year to date profit.”
  • “As a company, we are growing our top line, especially through our operations in China and OEM sales, while we are controlling costs through initiatives in our “Achieve Excellence” high-level strategic plan.”
  • “The (Chinese) launch customer that is currently using our real-time data services is also a reference customer for other operators which allows FLYHT to demonstrate the capabilities of our system to these other Chinese operators.”
  • “We also recently announced a contract for $4.26 million USD for AFIRS hardware to an information technology company that serves aviation operators in China…we are hopeful we will conclude a follow-on service contract for these real-time data services relatively soon.”
  • “FLYHT now has signed 19 Chinese Airline Operators and has signed seven new contracts for hardware and one new contract for services during 2016.”
  • “We are working other regions of the world with the same vigor to augment these sales in China and we hope to be able to discuss these prospects soon as well.”
  • “FLYHT’s other growth area is the OEM license fees which show up in our Parts Sales revenue. We added $1.6 million in parts during Q3 2016 which brings this revenue component to $3.7 million through September. This is already more than we achieved last year (which was $2.9 million) and is growing faster than we had anticipated.”
  • “The voice and data services component of revenue is growing and is approximately 10% higher than this time in 2015. There have been challenges growing this element due to economic challenges around the world, but we continue to see expansion.”
  • “AFIRS sales revenue through September is 71% ahead of last year at the end of September… We are building a significant backlog of AFIRS sales which is allowing FLYHT more opportunities to ship and install product.”
  • “Our revenue from traditional sources year to date is $10.2 million, or just shy of all of 2015 at $10.5 million. This does not include the license fee of $3.3 million we received in 2Q.”

An archive of the full conference call is available below or on FLYHT’s website by clicking here.


FLYHT Reports Third Quarter Results

Second Consecutive Profitable Quarter and Record Revenue

Calgary, Alberta – November 8, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) a leading provider of real-time data communication technology and services for the aerospace industry today reported financial results for its third quarter ended September 30, 2016.

“FLYHT again set a record for traditional revenue and for the first time in its history logged back-to-back profitable quarters,” stated Thomas R. Schmutz, Chief Executive Officer of FLYHT. “I am very pleased with the Company’s performance.”

Third Quarter Results Include:

  • Traditional revenue of $4,054,368 in the third quarter, a 60.9% increase from Q3 2015, bringing the nine-month result to $10,203,364, 52.6% ahead of the prior year.
  • AFIRS™ sales of $1,353,021 showed an increase of 120.6% over the third quarter of 2015, and parts sales of $1,561,816 increased 128.8%. These revenue categories are 71.2% and 105.5%, respectively, ahead of the prior year in the first nine months. Recurring revenue (voice and data services) of $1,122,965 increased 2.1% over the prior year quarter or 9.8% ahead of the prior year three quarters.
  • Net profit for the quarter was $303,888 compared to a loss of $683,224 in the same period last year. This brings the year to a net profit of $1,633,009, a $4,320,571 increase in profitability over the prior year.
  • Distribution expense decreased 2.9% in the quarter ($32,797) compared to the prior year mainly because decreased contract labour and share based remuneration cost offset higher salaries and benefits.
  • Salaries and benefits, which offset decreases in investor relations and travel expense, increased Q3 administration expense 1.8% to $618,763 compared to the third quarter of 2015.
  • Research, Development and Certification Engineering expenses decreased $87,660 in Q3 2016 and $237,867 in the first nine months of 2016; mainly as a result of changing people cost and office expenditure.
  • Modified Working Capital at the end of Q3 2016 was positive $2,879,375 compared to negative $3,306,055 at December 31, 2015.
  • Customer deposits of $508,224 at quarter end, were a 3.1% decrease from Q3 2015; payments received of $242,260 were 70.6% lower than the same quarter of 2015 although the year to date was 35.7% higher than the comparable period in 2015. The value of deposits moved to unearned revenue reciprocally decreased $620,146 compared to Q3 2015 but increased $817,131 on the year-to-date.
  • Unearned revenue decreased to $747,511 or 61.1% lower than the third quarter of 2015 and 31.2% lower than December 2015 as Q3 revenue recognized increased 185.2% compared to Q3 2015;
  • Revenue recognized on AFIRS units shipped was higher than in Q3 2016. 25 kits were recognized in 2016 compared to eight in the third quarter of 2015 and 61 in total in 2016 compared to 30 in the first nine months of 2015.
  • AFIRS units shipped, not yet recognized in revenue in 2016 exceeded 2015 by $817,131 or 43.8%.

For detailed information, FLYHT’s 2016 Third 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://flyht.com/financial-reports/. 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 third quarter results on Wednesday, November 9, 2016 at 9 am MDT (11 am EDT, 8 am PDT). The conference call will include a brief presentation about FLYHT’s third quarter 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. Questions can be emailed 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/presentation-and-webcast/

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 2.3 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

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 Third Quarter Conference Call

Calgary, Alberta – November 2, 2016 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) has scheduled a live conference call to discuss its third quarter results to be held Wednesday, November 9, 2016 at 9 am MDT (11 am EDT, 8 am PDT).

The conference call will include a brief presentation from FLYHT’s CEO Thomas R. Schmutz and CFO Nola Heale about FLYHT’s third quarter 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. Questions can be emailed 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/presentation-and-webcast/

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 2.3 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

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.