FLYHT Aerospace Solutions Ltd.

TSX VENTURE : FLY


FLYHT Aerospace Solutions Ltd.

December 10, 2013 07:06 ET

FLYHT Signs and Ships Dragon™ to Launch Customer

CALGARY, ALBERTA--(Marketwired - Dec. 10, 2013) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) ("FLYHT" or the "Corporation") is pleased to announce the sale and shipment of five of its recently released Dragon products to DAC Aviation International Ltee./DAC Aviation (EA) Ltd. ("DAC").

The Dragon is a revolutionary, lightweight, portable satellite communications device that blends existing FLYHT technology with that of the iPad. DAC plans to deploy the Dragon immediately on five Cessna Caravan Aircraft to provide voice and data services in support of their humanitarian missions in Africa.

Alain Desrochers, President of DAC stated: "The Dragon is the ideal solution for our challenging theatre of operations. DAC maintains very high standards for safety and operational control and the Dragon's voice capability and iPad interface for text messaging set it apart from other basic tracking systems."

Bill Tempany, President and CEO of FLYHT stated: "We are very excited to support DAC's growing operation in Africa. The fact that the Dragon requires no Supplemental Type Certificate allows DAC to begin operational use of the Dragon immediately. The Dragon is perfect for the light aircraft and helicopter market that requires a voice, tracking and text solution, similar to the air transport market, though does not require installation."

If DAC utilizes the full suite of services on all contracted Dragons for the full term of the agreement, gross revenue to FLYHT will be approximately $95,000 USD.

About DAC Aviation International Ltee./DAC Aviation (EA) Ltd.

DAC Aviation was founded on an unwavering determination to make a difference. Celebrating its 20th anniversary this year, DAC Aviation International (DAC) is a provider of aircraft charter and maintenance, repair and overhaul (MRO) services with expertise in serving aid and relief agencies in remote and conflict-affected areas. DAC's headquarters and facilities for aircraft engine MRO are located in Montreal, Canada. DAC's principal base of operations and home to its fleet of aircraft is in Nairobi, Kenya (secondary bases are located in the Democratic Republic of Congo, Somalia, Mali, Chad, Ivory Coast, Sudan and South Sudan). For more information, please visit www.dacaviation.com.

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 FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.

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Contact Information

  • FLYHT Aerospace Solutions Ltd.
    Thomas R. French, CGA
    VP Finance and CFO
    (403) 291-7427
    tfrench@flyht.com

    Investor Relations:
    The Howard Group Inc.
    Dave Burwell
    Senior Associate
    (888) or (403) 221-0915

    Bristol Institutional Relations
    Glen Akselrod
    President
    (905) 326-1888

    Kin Communications Inc.
    Fred Leigh
    (866) or (403) 684-6730
    FLY@kincommunications.com