|By Marketwired .||
|February 3, 2014 07:07 AM EST||
CALGARY, ALBERTA -- (Marketwired) -- 02/03/14 -- FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Corporation") (TSX VENTURE:FLY) is pleased to announce the promotion of Matt Bradley to the position of President effective January 31, 2014. This realignment will allow Bill Tempany, FLYHT's current Chief Executive Officer and former President, to focus on FLYHT's public market participation and broader business initiatives. Mr. Tempany will remain on the Board of Directors.
"The Board of Directors at FLYHT would like to recognize Bill for his leadership over the past eleven years as CEO and two years as President, including his most recent efforts in raising $6.1 million in December's warrant and stock option exercise (see press release dated December 24, 2013). Mr. Tempany will continue to lead the company as a member of the board, and CEO," remarked Doug Marlin, Chairman of the FLYHT Board. "Mr. Bradley is an excellent candidate for President based on his expertise in the industry and leadership at FLYHT for the past half-decade."
Mr. Bradley has been an integral part of FLYHT's management team for over five years. Mr. Bradley acted as FLYHT's VP Operations from 2008 to 2010 and for the past four years has been FLYHT's VP of Business Development, leading the Corporation's international team. In total, he has over 25 years experience in the industry as a CF-18 fighter pilot with the Canadian Air Force, a commercial Captain and CheckPilot on the Airbus A330 and A320 aircraft and an aviation consultant prior to joining the FLYHT team.
Additionally, FLYHT has reassigned Derek Graham to the role of Chief Technical Officer (he was previously engaged as FLYHT's Chief Operating Officer). This move was made to ensure the steady flow of quality products for FLYHT's customers. Mr. Graham has more than 10 years of combined aeronautical satellite product development and management experience and brings extensive depth and leadership to the FLYHT team.
Lastly, FLYHT has reassigned Jeff Brunner to the role of VP Certification Engineering and China Operations (he was previously engaged as FLYHT's VP Operations). In his new role he will be responsible for the leadership of the airworthiness certification team and for the delivery of products and services into the China market. Mr. Brunner is a professional engineer with over 18 years in the industry and has been with the Corporation for the past nine years. He led the initiative to have FLYHT certified by Transport Canada as a Design Approval Organization ("DAO").
The FLYHT Board of Directors approved this realignment to recognize the results that the team has delivered over the last year as well to prepare the Corporation for upcoming growth. FLYHT will recruit more senior sales staff to augment its sales efforts and support Mr. Bradley in his new role. Other members of the senior management team continue to provide the Corporation with very solid opportunities.
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(TM) UpTime(TM), 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(TM), 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.
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.
FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
Investor Relations: The Howard Group Inc.
(888) or (403) 221-0915
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