SOURCE: FLYHT Aerospace Solutions Ltd.

FLYHT Aerospace Solutions Ltd.

March 24, 2016 07:04 ET

FLYHT Aerospace Solutions Ltd. Signs Tri-Wing Aviation to Promote Sales in South East Asia

CALGARY, AB--(Marketwired - March 24, 2016) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the "Company" or "FLYHT") today announced a sales agreement with Tri-Wing Aviation Resources Pte. Ltd. ("Tri-Wing") based in Singapore. Tri-Wing will represent FLYHT's technology and services as a sales team in South East Asia.

Tri-Wing has 25 years experience serving and supporting airlines, general aviation operators, military agencies and maintenance, repair and overhaul ("MRO") businesses in Asia. Tri-Wing will pursue SATCOM avionics hardware sales, flight tracking and flight data services opportunities for FLYHT and also establish contacts with regional regulatory authorities who may have an interest in FLYHT's technology for enhancements and safety of flight operations.

"We witnessed Tri-Wing's connections first hand at the Singapore Airshow in February," remarked FLYHT's VP of Sales and Marketing David Perez. "South East Asia is one of FLYHT's primary target markets and we anticipate Tri-Wing's ability to lead the hands-on sales efforts and communicate FLYHT's value proposition in the area."

FLYHT will maintain its own sales representation in China with Tri-Wing focusing on the surrounding countries in the Asia Pacific region.

"We believe the Asia Pacific aerospace industry will be extremely interested in the benefits which FLYHT's technology provides, optimizing flight operations and enhancing flight safety," stated Johnny Lim, President of Tri-Wing. "With our regional presence and the contacts we have established over the past 25 years, we can connect FLYHT's unique technology to those customers that have expressed a need."

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.

About Tri-Wing

Established in March 1992 Tri-Wing Aviation Resources has been serving and supporting the Airlines, MROs, General Aviation and the Military for their aviation needs for outright purchases, exchanges, repair and overhaul. This includes expendables, consumables, avionics, accessories, instruments and components under direct purchases or buyer/supplier furnished equipment programs. Tri-Wing supports various aircraft types ranging from commercial aircraft that includes Airbus, Boeing and other OEMs to military aircraft in both fixed-wing and rotary-wing. Tri-Wing holds Defense Department Trade Controls and International Traffic in Arms Regulations accreditation, is a TRACE Certified Company, a member of the Singapore Business Federation and a member of the Association of Aerospace Industries (Singapore). Tri-Wing with its head office in Singapore at the Seletar Aerospace Park has its regional presence in China, Indonesia, Philippines, Malaysia, Thailand, Vietnam, Myanmar and USA.

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Contact Information

  • Contact Information

    FLYHT Aerospace Solutions Ltd.
    Nola M. Heale, CPA, CA
    Chief Financial Officer
    403-291-7425
    nheale@flyht.com 

    Investor Relations
    The Howard Group Inc.
    Dave Burwell
    Vice President
    (888) or (403)-221-0915
    dave@howardgroupinc.com

    Tri-Wing Aviation Resources Pte Ltd

    Johnny Lim
    President
    65 96752128
    Johnny.Lim@triwing.com.sg