FLYHT Provides Corporate Update
Calgary, Alberta – September 21, 2012– FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) is pleased to provide an update highlighting some of the company’s recent achievements from the current quarter. The third quarter (Q3) is traditionally a slower time of year for orders and the shipment of AFIRS™ installation kits. However, this year has proven to be stronger than usual, as a result of FLYHT’s sales team efforts and increased activity of many different airlines and manufacturers.
A total of seventeen kits have been delivered in Q3. Twelve of which were sent to existing customers who are installing the units on recently acquired airplanes. Four were shipped to new customers. Of these four deliveries, two were specifically for the voice-only application and two were sent to major industry manufacturers for inclusion on delivered aircraft. The last unit was shipped to a Chinese business jet operator for its evaluation.
The cash deposits for this installation have been received according to FLYHT’s prepayment policy.
“It also is important to note that three of the kits in this quarter are headed to a new customer inChinafor evaluation. This is a direct result of the regulation announced by the Chinese Aircraft Data Communications Corporation at the National Business Aviation show last October, which requires satellite communications on all aircraft in that country,” said Bill Tempany, President & CEO of FLYHT. “We are also experiencing a lot of interest and support from the African airline industry and we are excited about the opportunity that lies ahead in that region.”
“FLYHT is continuing to make progress with L3 Communications in providing a factory option solution for Airbus A320 and as announced we have received the necessary approvals to move the NetJets program forward in Europe with the receipt of the Supplemental Type Certificate for the Hawker aircraft,” added Mr. Tempany. “It takes a long time to become a recognized participant in the aerospace industry and we believe our recent announcements show FLYHT has earned a spot in that community.”
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. In May 2012 the trading symbol was changed from AMA to FLY in conjunction with a name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd.
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.
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