CALGARY, ALBERTA--(Marketwired - Feb. 13, 2014) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) ("FLYHT" or the "Corporation") is pleased to announce that it has been recognized as a top ten performer in the Technology & Life Sciences Category of the 2014 TSX Venture 50®. The list is a ranking of strong performing companies trading on the TSX Venture Exchange.
"We are pleased to be back on the TSX Venture 50 list," stated Bill Tempany, CEO. "We had solid growth and development last year. This did not go unnoticed by in the market and we saw a steady climb in our share price. We plan to continue that growth in 2014."
The TSX Venture 50® annually awards the top ten companies listed on the exchange in each of five major industry sectors: Clean Technology, Oil and Gas, Mining, Diversified Industries, and Technology & Life Sciences.
This is the third time in the past five years FLYHT has been recognized as a TSX Venture 50® company. The first time was in 2008 (see press release dated June 19, 2008: http://flyht.com/aeromechanical-services-ltd-selected-as-one-of-the-2008-tsx-venture-50/). In 2010, FLYHT was named the number one ranked company in the Diversified Industries Sector (see press release dated February 5, 2010: http://flyht.com/aeromechanical-services-ltd-named-as-part-of-2010-tsx-venture-50-2/).
The top 50 companies are chosen from a pool of the 2,141 companies listed on the exchange. The criteria include an equal weighting of share price appreciation, trading volume, market capitalization, growth and analyst coverage as of December 31, 2014.
John McCoach, President, TSX Venture Exchange commented in a press release from the TSX on February 12 (http://www.tmx.com/en/news_events/news/news_releases/2014/02-12-2014_TMXGroup-TSXVenture50.html): "TSX Venture Exchange provides a unique venue for small-cap, early-stage companies to access the capital they need to launch or expand - a market opportunity that is unparalleled globally. We are delighted to recognize the success of these companies."
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.