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FLYHT Aerospace Solutions Ltd V.FLY

Alternate Symbol(s):  FLYLF

Industrials Aerospace & Defense
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

FLYHT Aerospace Solutions Ltd
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Post by Betteryear2on Mar 01, 2022 7:10am
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Post# 34470194

TSX Venture Approval for Acquisition of CrossConsense

TSX Venture Approval for Acquisition of CrossConsense

CALGARY, AB / ACCESSWIRE / March 1, 2022 / FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") today announced that it has received approval from the TSX Venture Exchange for the proposed acquisition of CrossConsense GmbH & Co. KG ("CrossConsense"). The arms' length acquisition of CrossConsense is expected to accelerate FLYHT's strategic roadmap to build out a maintenance capability, and will fulfill the Company's goal to increase its presence in the European and Middle East markets.

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