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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.33 | 0.325 | 0.335 | 0.33 | 0.325 | 0.33 | 6,500 | 17:44:10 |
CALGARY, ALBERTA--(Marketwired - Mar 28, 2014) - FLYHT Aerospace Solutions Ltd. (TSX-VENTURE:FLY) ("FLYHT") reported today that it has received a Supplemental Type Certificate ("STC") for its Automated Flight Information Reporting System ("AFIRS™") 228 on the ATR- 42/72 series aircraft from the National Civil Aviation Agency ("ANAC") of Brazil. ANAC is the agency responsible for the regulation and safety of civil aviation in Brazil.
This is FLYHT's first certification from Brazil and will allow the Company to proceed with its first AFIRS 228 Brazilian customer for 12 ATR-200 as announced in a press release on November 12, 2013. The certification was received in a timely manner because FLYHT was able to submit for validation the certification package previously approved by Transport Canada.
An STC constitutes regulatory approval to modify an aircraft's design while retaining airworthiness certification and is necessary to permit retrofit installation of aeronautical products such as AFIRS. FLYHT has STCs for 44 aircraft types for AFIRS 220 and 228 products. The Company continues to develop STCs for numerous other aircraft types.
AFIRS 228 is FLYHT's next-generation flagship product. It is designed to provide a fully certified avionics platform capable of meeting all air navigation communications requirements in Europe, the United States and other jurisdictions around the world. It also provides the input and outputs necessary to enhance the value of real-time data for FLYHT's customers globally. The AFIRS 228 will be the first safety services certified platform on the planet to provide black box data streaming via FLYHTStream™, FLYHT's patent pending solution.
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 light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.
AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
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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.Thomas R. French, CGAChief Financial Officer403-291-7427tfrench@flyht.comInvestor RelationsThe Howard Group Inc.Dave BurwellSenior Associate(888) or (403)-221-0915dave@howardgroupinc.comBristol Institutional RelationsGlen AkselrodPresident(905) 326-1888glen@bristolir.comKin Communications Inc.Fred Leigh(866) or (604) 684-6730FLY@kincommunications.com
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