|By Marketwired .||
|July 17, 2014 10:00 AM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 07/17/14 -- FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") reported today that it has signed a contract with the national carrier of an African airline for the sale and delivery of the Automated Flight Information Reporting System ("AFIRS(TM)") for its fleet of eleven planes. The AFIRS 220 will be installed on three B737-500 aircraft, while the AFIRS 228 will provide solutions for DHC-8-Q400, B737-700 and ERJ190 aircraft.
The 34-year-strong airline has selected AFIRS to maintain its key operating principles of quality, security, safety and the environment. AFIRS will provide real-time flight data monitoring and the airline will benefit from features including automated Out, Off, On and In times, airframe and engine exceedances, flight tracking, automated engine data collection for real-time trending, fuel management and satellite voice communications.
The airline will also use FLYHT's leading technology; with FLYHTLink for iPad connectivity in the cockpit and FLYHTStream to enable real-time data streaming in the event of an abnormal situation.
"The Customer is clearly committed to running a safe and profitable airline and by installing the AFIRS technology they have increased awareness of their operations, helping them make more informed, key decisions in real time if necessary," stated Matt Bradley, President of FLYHT.
FLYHT will provide equipment and services to the airline over a five-year contract with automatic yearly renewals after the initial term. The Company has the necessary Supplemental Type Certificates for the Q400 and B737s, though needs to secure an STC for the ERJ190 which is anticipated to take up to three months. Installations are anticipated to begin in the third quarter.
If FLYHT completes installation on all eleven contracted aircraft and provides recurring service for the full term of the agreement, gross revenue to FLYHT will be approximately $1,485,550 USD, excluding optional services.
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, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
Join us on social media!
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
Chief Financial Officer
The Howard Group Inc.
(888) or (403)-221-0915
Bristol Institutional Relations
Kin Communications Inc.
(866) or (604) 684-6730
Jul. 24, 2016 06:15 PM EDT Reads: 1,369
Jul. 24, 2016 06:00 PM EDT Reads: 1,825
Jul. 24, 2016 06:00 PM EDT Reads: 1,841
Jul. 24, 2016 05:00 PM EDT Reads: 2,341
Jul. 24, 2016 05:00 PM EDT Reads: 2,016
Jul. 24, 2016 04:15 PM EDT Reads: 1,539
Jul. 24, 2016 03:45 PM EDT Reads: 1,720
Jul. 24, 2016 03:30 PM EDT Reads: 887
Jul. 24, 2016 03:30 PM EDT Reads: 600
Jul. 24, 2016 03:15 PM EDT Reads: 1,666
Jul. 24, 2016 03:15 PM EDT Reads: 563
Jul. 24, 2016 03:00 PM EDT Reads: 1,002
Jul. 24, 2016 02:30 PM EDT Reads: 756
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, discussed the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filterin...
Jul. 24, 2016 02:00 PM EDT Reads: 1,186
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Jul. 24, 2016 01:30 PM EDT Reads: 805