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

FLYHT Aerospace Solutions Ltd.

July 15, 2015 07:04 ET

Middle Eastern Military Customer Extends FLYHT Contract

CALGARY, ALBERTA--(Marketwired - July 15, 2015) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") reported today that its customer of seven years, a Middle Eastern Military Organization, has extended its contract for the Automated Flight Information Reporting System ("AFIRS™").The contract extension is for voice and data services on 23 C-130 Hercules Aircraft with the AFIRS 228 installed.

AFIRS provides timely and direct information about aircraft location and systems with the ability for operators to communicate with the crew at all times. The customer will continue to benefit from all AFIRS features and data services including automated Out, Off, On and In times, flight following, quick access recorder flight data, communication, navigation, surveillance systems compliance, global voice and EFB-enabled data communications over the Iridium satellite network. Additionally, the customer will have access to new applications as they become available.

"The contract extension is indicative of our strong relationship and the importance of operational control and global air traffic control compliance for the customer," stated Matt Bradley, President of FLYHT. "The C-130 is an exceptional platform for AFIRS, and this expanding fleet is a great showcase for what 21st century connectivity can do for real-time decision making."

FLYHT will provide services to the customer over an eleven-month contract with an option to extend to May 31, 2017. If both parties meet the contract terms, the gross revenue to FLYHT during the first term will be approximately $430,000 USD, excluding optional services and the extension.

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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