SOURCE: FLYHT Aerospace Solutions Ltd.

FLYHT Aerospace Solutions Ltd.

SOURCE: Flight Data Services Ltd.

Flight Data Services Ltd.

February 11, 2016 07:04 ET

FLYHT Aerospace Solutions Ltd. Signs Strategic Partnership With Flight Data Services Ltd.

CALGARY, AB--(Marketwired - February 11, 2016) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the "Company" or "FLYHT") today announced a strategic partnership with Flight Data Services Ltd. ("FDS"), global leader in flight data monitoring ("FDM"), to offer a complete flight data acquisition and analysis solution to the aviation industry.

FDS has served global airlines for over sixteen years with safety innovation technology for flight data monitoring and flight operations quality assurance ("FOQA"). FDS provides airlines with the web-based POLARIS platform, enabling flight data analysis to maximize operational efficiency and minimize risk. Similarily, FLYHT leads the industry in real-time data acquisition that is used to monitor, manage and improve airline operations, reduce maintenance costs and improve safety.

Under this agreement, FLYHT's Automated Flight Information Reporting System ("AFIRS™") is the Flight Data Acquisition ("FDA") system to gather the data from the aircraft and process the information using FDS' POLARIS platform to translate into valuable safety information for airline customers enabling them to meet international safety regulations.

"We have seen a demand for FDM systems from the industry and customers as a way to further understand how aircraft are being flown," remarked David Perez, FLYHT's VP of Sales and Marketing. "This is an ideal partnership that will allow us to provide optional extended services to our customers and enable the opportunity to sell AFIRS to existing FDS customers."

The two companies plan to market their combined services in promotional materials and online.

"FLYHT's AFIRS data acquisition system ideally complements our POLARIS data analysis platform, and through this collaboration our two companies can offer a streamlined service right at the forefront of technical innovation," said Dave Jesse, CEO, FDS.

About Flight Data Services Ltd.

Flight Data Services provide Flight Data Monitoring (FDM), Flight Operations Quality Assurance (FOQA) as a full analysis service to aircraft operators worldwide. Our technology centres in the UK and USA provide a full Flight Data Monitoring & FOQA service via the internet using our web-based platform POLARIS. We provide Flight Data Services for over 80 operators, monitoring about 2,000 flights per day as a fully outsourced service. 

We pride ourselves on being a global leader in flight safety innovation. Our expert knowledge of flight data, aviation safety, and information technology is delivered to operators globally. Our qualified and experienced flight safety specialists include the highest ratio of analysts to aircraft in the industry.

Through our research and development activity, we are exploring, evaluating and employing the latest technology tools. We are dedicated to continuous improvement, and in 2015 we were accredited with the 'Investors in People' award.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 50 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT's proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT's UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2 million aggregate flight hours and 1.5 million flights on customers' aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

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. 

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