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FLY Flyht Aerospace Solutions Ltd

0.47
-0.03 (-6.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Flyht Aerospace Solutions Ltd TSXV:FLY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.03 -6.00% 0.47 0.465 0.53 0.475 0.47 0.475 31,401 21:00:05

AFIRS(TM) 228S Delivered to L-3 Aviation Recorders on Schedule

22/01/2014 12:07pm

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AFIRS(TM) 228S Delivered to L-3 Aviation Recorders on Schedule

CALGARY, ALBERTA--(Marketwired - Jan 22, 2014) - FLYHT Aerospace Solutions Ltd. (TSX-VENTURE:FLY) ("FLYHT") is pleased to announce that all deliverables agreed to in the arrangement announced by FLYHT on May 22, 2012 have been delivered on time and L-3 is anticipating delivery of 12 AFIRS 228S units by the end of January 2014 to end-use customers of the product.

Bill Tempany, president and CEO of FLYHT, stated, "We are very pleased to have made it to this important juncture for this major program. The support and help that L-3 has given the FLYHT team has been greatly appreciated and we look forward to a long and mutually beneficial relationship with L-3. This milestone delivery of AFIRS is the culmination of 15 years of dedicated efforts for many at FLYHT and I want to thank all who have contributed over the years to this landmark delivery of an exciting product."

The AFIRS 228S program is certified for its Aircraft Communications Addressing and Reporting System (ACARS) capability over Iridium by both SITA and ARINC, as previously announced. The product has all necessary approvals from Iridium.

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 Dragon is FLYHT's latest product, a revolutionary lightweight portable satellite communications device that blends existing FLYHT technology with that of the iPad.

AFIRS, UpTime, the Dragon, FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

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.Thomas R. French, CGAVP Finance and CFO403-291-7427tfrench@flyht.comInvestor RelationsThe Howard Group Inc.Dave BurwellSenior Associate(888) or (403)-221-0915dave@howardgroupinc.comBristol Institutional RelationsGlen AkselrodPresident(905) 326-1888Kin Communications Inc.Fred Leigh(866) or (604) 684-6730FLY@kincommunications.comJoin us on social media!www.facebook.com/flyhtwww.twitter.com/flyhtcorpwww.slideshare.net/flyhtcorpwww.youtube.com/flyhtcorpwww.flyht.com

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