FLYHT Aerospace Solutions Ltd.
OTCQX : FLYLF
TSX VENTURE : FLY

FLYHT Aerospace Solutions Ltd.

August 11, 2015 16:30 ET

FLYHT Among Alberta's 20 Most Innovative Organizations

CALGARY, ALBERTA--(Marketwired - Aug. 11, 2015) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") has been selected by Alberta Venture Magazine in a list of 20 most innovative companies.

Alberta Venture's annual innovators list is comprised of companies from a variety of sectors who are solving problems by thinking outside of the box in what they describe as "a compulsion to be better and an inability to be satisfied with the way things are". FLYHT's innovative Automated Flight Information Reporting System ("AFIRS™") is a blue box that fits in an aircraft avionics bay, connects to aircraft systems so operators always know where their aircraft are and what's happening onboard, and emits an unmistakable alert to the airline when a problem exists. If a serious problem occurs, data is streamed to the airline in real time.

Alberta Venture sites the Air France 447 Accident in 2009 as the catalyst for FLYHT's development of a real-time data streaming technology for AFIRS. AFIRS stands out from other similar technologies because of the intelligent software that picks out the problems onboard and streams data only when necessary. While the technology has existed since 2003, FLYHT added this additional feature in 2009. There was a gap in the market for streaming capabilities and FLYHT stepped in to fill it.

"Our customers have seen the value in the data AFIRS provides, resulting in great cost savings and operational improvements," stated FLYHT President, Matt Bradley. "We hope that AFIRS can prevent accidents and FLYHT will continue to think of new ways to solve airline problems and enhance operational efficiency."

You can read FLYHT's feature, listed as The Silent Sentinel and see what other companies made the list here, http://albertaventure.com/2015/08/albertas-20-most-innovative-organizations/.

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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