FLYHT Aerospace Solutions Ltd.

TSX VENTURE : FLY


FLYHT Aerospace Solutions Ltd.

December 03, 2013 08:27 ET

AFIRS™ Selected by Datang Mobile Aviation Group for ARJ21 OEM Install

CALGARY, ALBERTA--(Marketwired - Dec. 3, 2013) - FLYHT Aerospace Solutions Ltd. ("FLYHT") (TSX VENTURE:FLY) are pleased to announce that we have agreed to provide through Datang Mobile Aviation division, the AFIRS™ 228 real-time data communications and SATCOM solution complete with FLYHTStream. The system for Satcom voice and all other data services has been successfully installed on the ARJ21 and used during icing tests for the final validation of the Type Certificate for this aircraft. The ARJ21 has been under development by COMAC and certification testing by AVIC for several years and to date, has orders 415 units from Chinese airlines, customers in Pakistan and various African countries. The first customer deliveries of the aircraft are expected in late 2014.

Mr Dong, General Manager of Datang Aviation stated that, "We are very pleased to be part of the role out of this major milestone in Chinese aviation history and our work with FLYHT has been very easy to come to a mutually beneficial solution for COMAC."

The AFIRS System will be standard fit on the production aircraft and will be used for performance measurement, warranty data monitoring as well as communication with the operations groups in the airline and air traffic control as allowed by regulation. It is anticipated that all customers will activate the data services on the aircraft to take advantage of the cost savings offered by the AFIRS UpTime solution set.

Mr. Wu of AVIC stated that, "The performance of the AFIRS unit during our trials was superb and we are excited to be providing this state of the art capability to our customers as part of our standard delivery. We are also pleased that the AFIRS unit will provide an approved solution to the Satcom mandate in China."

Bill Tempany, President and CEO of FLYHT stated: "This is a major milestone for our company. We told our investors that we were working to sign new commercial OEM's to our technology and this is a little ahead of schedule, which is unusual in our industry. We are very proud to be a part of the exciting future that COMAC and AVIC have embarked upon with this inaugural commercial aircraft launch."

We currently have an order for 4 units for final test and first delivery aircraft and the value of that order including 5 years services for these units is $560,000. When all 415 units have been delivered, the total value over the next 5 years for this agreement including services will be in excess of $40,000,000 USD. Those values will be achieved if all installation occur on time and the customer uses the services anticipated.

AFIRS and its companion product UpTime is in use in more than 40 aircraft operators globally, installed on more than 400 aircraft and currently operating on more than 300 in the field today. Other products offered by FLYHT enhance the operational effectiveness of their customers and is a highly regarded product amongst FLYHT's customer base.

About Datang Mobil Aviation Group

Datang Mobile is a core subsidiary of the Datang Telecom Technology and Industry Group (more commonly referred to as he Datang Group), a large high-tech group of companies under the auspices of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). As the developer of TD-SCDMA, a home-grown international 3G standard, Datang Mobile is actively engaged in the development of the associated core technologies and in the promotion of commercial applications. With the goal of delivering a communication engine with boundless possibilities, and with corporate values revolving around innovation, market orientation, integrity and responsibility, Datang Mobile is vigorously pursuing the development of TDD wireless communication and associated technologies and applications, with a particular emphasis on the convergence of TDD wireless communication solutions, the Internet of Things and mobile internet. Datang Mobile has a primary focus on boosting the commercialization of TD-SCDMA and associated TD-LTE technologies on both the domestic and international markets.

About COMAC

The Commercial Aircraft Corporation of China, Ltd. (COMAC) is a state-owned company, which is formed with the approval of the State Council and jointly invested by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, Shanghai Guosheng (Group) Co., Ltd., Aviation Industry Corporation of China (AVIC), China Aluminum Corporation (CHINALCO), Baosteel Group, and Sinochem Group. With a registered capital of RMB 19 billion.COMAC was held on May 11th, 2008.COMAC is headquartered in Shanghai. COMAC functions as the main vehicle in implementing large passenger aircraft programs in China. It is also mandated with the overall planning of developing trunk liner and regional jet programs and realizing the industrialization of civil aircraft in China. COMAC is engaged in the research, manufacture and flight tests of civil aircraft and related businesses such as marketing, servicing, leasing and operations of civil aircraft.

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, FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

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Contact Information

  • Datang Aviation
    Dong Chunping
    General Manager
    baisifeng@datangmobile.cn

    FLYHT Aerospace Solutions Ltd.
    Thomas R. French, CGA
    VP Finance and CFO
    403-291-7427
    tfrench@flyht.com

    Investor Relations
    The Howard Group Inc.
    Dave Burwell
    Senior Associate
    (888) or (403)-221-0915

    Bristol Institutional Relations
    Glen Akselrod
    President
    (905) 326-1888