CALGARY, ALBERTA--(Marketwire - Dec. 12, 2012) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) ("FLYHT") reported today that it has received an activation Supplemental Type Certificate ("STC") for its Automated Flight Information Reporting System ("AFIRS(TM)") 228 on the Boeing 777 model aircraft from Transport Canada.
On July 18, 2011, FLYHT announced the receipt of a provisions only STC for the Boeing 777 series aircraft. The activation STC now allows for the activation of the AFIRS technology and enables its full functionality. The receipt of the activation STC is the first step in enabling an existing customer, a US specialty carrier, to install AFIRS on its first Boeing 777. The next step will be the familiarization of the STC with the Federal Aviation Administration ("FAA") in the United States because the customer is flying US registered aircraft. This process is expected to begin immediately and normally takes six to eight weeks. Once the FAA has approved the STC and installation in completed, the customer will be able to activate the AFIRS technology on two Boeing 777 in their fleet of nine aircraft.
"FLYHT has been diligently working towards securing the Boeing 777 STC from Transport Canada," said Bill Tempany, CEO and President of FLHYT. "This popular aircraft is flown around the world by several of our existing customers as well as several prospects we are pursuing. The receipt of this activation STC complements our existing Boeing STCs which includes 737, 747, 757, 767 and now 777. Details are available on our website for products and countries in which we have STCs for Boeing's products.
AFIRS 228 is FLYHT's next-generation flagship product. It will provide a fully certified avionics platform capable of meeting all air navigation communications requirements in Europe, the United States and other jurisdictions around the world. It will also provide the input and outputs necessary to enhance the value of real-time data for FLYHT's customers globally. The AFIRS 228 will be the first safety services certified platform on the planet to provide black box data streaming via FLYHTStream(TM), FLYHT's patent pending solution.
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. In May 2012 the trading symbol was changed from AMA to FLY in conjunction with a name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd.
AFIRS, UpTime, FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
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FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
The Howard Group Inc.
Investor Relations, Senior Associate
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