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

FLYHT Aerospace Solutions Ltd.

June 09, 2015 07:04 ET

FLYHT Recognized with Safety Systems Innovation Award

CALGARY, ALBERTA--(Marketwired - June 9, 2015) - FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSX VENTURE:FLY)(OTCQX:FLYLF) announced today it received the 2015 Excellence in Avionics Safety Systems Innovation Award from Avionics Magazine. The award was presented to FLYHT's Director of Operations, Graham Ingham at the 2015 Global Connected Aircraft Summit in Chantilly, Virginia.

FLYHT's Automated Flight Information Reporting System ("AFIRS™") and FLYHTStream™ application were recognized as a critical and new safety system that enable the fastest response time, and most effectively help in an emergency, to guarantee safety, or to locate a lost aircraft in the event of a crash.

"We are honoured to receive this award for our advancement of safety in the industry," remarked Matt Bradley, President of FLYHT. "The real-time capability of FLYHTStream lets our customers know where their aircraft are at all times, and more importantly, what is happening when something goes wrong. It's a new level of connectivity and it contributes to the safety of their operation while also providing valuable real-time data that saves them money."

Avionics Magazine describes the safety award recipient as guaranteeing low risk flight and high ground-link communications, without which, the aviation industry would cease to exist. They assert that connected safety systems not only keep the plane flying, but give customers the confidence to fly, and in a time of increasing connectivity, have made continuous contact and safety over oceans possible.

"FLYHT will continue to push for further adoption of this technology with the hope that it can be used to prevent accidents," added Mr. Bradley.

FLYHT's industry leading real-time data streaming, FLYHTStream was first developed in 2009 and commercialized with First Air in 2014. FLYHTStream is an application enabled through AFIRS. It acts as a sentinel on the aircraft, and when an abnormal event occurs, it sends an alert to the airline; it increases the position reporting intervals; and triggers the streaming of vital black box data. Global coverage is enabled by the Iridium satellite network and allows operators connectivity in remote regions.

The entire infrastructure to support data streaming and FLYHT's technology is in place today. The system has been configured to appropriately utilize bandwidth, and when an event does occur, the cost to stream data is less than $10/minute. Since streaming is not engaged all the time, the only costs incurred are during an event, in which case the data from the aircraft is invaluable.

FLYHT will continue to participate in international working groups created by IATA and ICAO to ensure future requirements for real time alerting and tracking are met.

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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