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FLYHT Aerospace Solutions Ltd V.FLY

Alternate Symbol(s):  FLYLF

FLYHT Aerospace Solutions Ltd. provides solutions for the aviation industry. The Company's aircraft certified hardware products include Automated Flight Information Reporting System (AFIRS), AFIRS Edge, Tropospheric Airborne Meteorological Data Reporting (TAMDAR) and FLYHT-WVSS-II. AFIRS is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight. The AFIRS Edge is a 5G wireless quick access recorder (WQAR), aircraft interface device (AID), and aircraft condition and monitoring system (ACMS). TAMDAR system is a sensor device installed on aircraft that captures temperature, atmospheric pressure, winds aloft, icing, turbulence, and relative humidity. FLYHT-WVSS-II is an externally mounted aircraft sensor that detects and reports water vapor as relative humidity. The Company's wholly owned subsidiary, CrossConsense, offers skilled services to the commercial aviation industry.


TSXV:FLY - Post by User

Comment by TO_Canuckon Nov 18, 2011 9:53pm
284 Views
Post# 19250564

RE: AeroMechanical Services Files Arbitration

RE: AeroMechanical Services Files Arbitration

WOW this comes right of left field . Not sure how to  measure this action against stockholder value but  one thing is for sure if AMA ( David)  manages to slay  SNC (Goliath) they will potentially infuse  thier capital  coffers by almost $ 4mil . So the real question is why now , do they need the cash infusion that would be considered  desperation OR  maybe with their internal success/progress  of thier AFIRS 228 R&D development now well documented in the latest realeases  put AMA in a position where they have no need of SNC's future services so cut bait now . My guess it will take years to settle this one anyway but it does send a message to the market  that AMA  is confident  R&D wise to go it alone and to take on vendors who do not meet thier contract commitments and/or cause harm to AMA,s ability to go to market  . SNA take note you maybe well be next. 

TO_Canuck    

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