FLYHT Announces Issuance of Stock Options
Calgary, Alberta – September 6, 2013 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (the “Company” or “FLYHT”) today announced it has granted incentive stock options to acquire up to 100,000 common shares, subject to regulatory approval, to a recently hired senior aviation professional for their customer delivery and product development department. His input will continue to strengthen FLYHT’s growth strategy. These options are granted under the stock option plan approved at the Annual and Special Meeting of shareholders on May 7, 2013.
“FLYHT’s stock option plan is an important vehicle that we utilize to attract and incent key employees who join us during this exciting and important period in our growth” stated Bill Tempany, President and CEO of FLYHT.
The stock options are exercisable at an exercise price of $0.25 per share reflecting the price of other recent stock option grants to employees, directors, consultants and officers. They also feature immediate vesting and expire December 31, 2016. A maximum of 10% of the issued and outstanding shares are reserved under the Company’s stock option plan. The options, and any common shares issued upon exercise of the stock options are subject to a four-month resale restriction.
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 Company has been publicly traded on the TSX Venture Exchange since 2003.
AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
The Howard Group Inc.
(888) or (403)-221-0915
Bristol Institutional Relations
(905) 326 - 1888
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