CALGARY, Alberta, June 07, 2018 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions
Ltd. (TSX-V:FLY) (OTCQX:FLYLF) (the “Company” or “FLYHT”) is pleased to announce a Software as a Service (SaaS)
contract renewal with an existing customer.
The value of this renewal agreement with the airline is USD $1.43 million, assuming the Company provides
services over the full term of the five (5) year contract.
The airline operates in North America and uses the Automated Flight Information Reporting System
(AFIRSTM) and associated UpTimeTM capabilities to monitor and manage its aircraft on remote flights. The
suite of services FLYHT provides to this operator will expand with the new SaaS agreement to include engine trending, airframe
exceedances and engine exceedances. The operator will experience significant benefits from this combined functionality.
“This airline added more of our software products to improve the efficiency of their operations,” remarked
FLYHT’s COO, Matieu Plamondon. “FLYHT is excited to deliver services that reduce their operational costs and enhance the safety of
their operations.”
About FLYHT Aerospace Solutions Ltd.
FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada;
publicly traded as: FLY:TSX.V; FLYLF:OTCQX). Airlines, leasing companies, fractional owners and original equipment
manufacturers have installed the Automated Flight Information Reporting System (AFIRSTM) on their aircraft to capture,
process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the
UpTimeTM cloud-based data center, which provides aircraft operators with direct insight into the
operational status and health of their aircraft and enables them to take corrective action to maintain the highest
standard of operational control.
Contact Information
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403-291-7437
aforbes@flyht.com
Adelaide Capital Markets Inc.
Deborah Honig
647-203-8793
deborah@adelaidecapital.ca
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