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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 AFIRS Edge, Automated Flight Information Reporting System (AFIRS), FLYHT-WVSS-II, and Tropospheric Airborne Meteorological Data Reporting (TAMDAR). Its actionable intelligence solutions include Wireless Quick Access Recorder (WQAR), Aircraft Interface Device, FleetWatch, FuelSens, and ClearPort. The AFIRS solutions include an aircraft satcom/interface device that enables cockpit voice communications, the transmission of aircraft data both inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. Its hardware products can also be interfaced with its proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time. The FLYHT-WVSS-II is an aircraft sensor. The TAMDAR system is a sensor device installed on aircraft.


TSXV:FLY - Post by User

Comment by RipCrackleon Apr 15, 2019 9:26am
123 Views
Post# 29626863

RE:RE:L3/Airbus licensing revenue continues, US$1.8 Million P.O.

RE:RE:L3/Airbus licensing revenue continues, US$1.8 Million P.O.
CF105 wrote: Flyht reported $2,265,261 CDN for licensing revenue in the recently released 2018 year end results.

At today's exchange rate, this is equivalent to $1,700,250 USD, so this new order for $1.8M USD is larger by about $100,000 USD or $133,000 CDN.

I believe that Flyht makes $12,000 CDN for an OEM install and $6,000 for a retrofit install. 


This is great news! It means that L3 has either abandoned developing their own product based on the license the we sold them, or are very slow to develop it.
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