Mr. Kent Jacobs reports

FLYHT RECEIVES US$1.4 MILLION PURCHASE ORDER FROM A LONG-TIME OEM PARTNER

Flyht Aerospace Solutions Ltd. has received a purchase order valued at $1.4-million (U.S.) for iridium modems and licence fees from a long-time OEM (original equipment manufacturer) partner. This order builds upon the relationship previously discussed in press releases dated July 15, 2014, Aug. 1, 2019, Feb. 18, 2020, July 6, 2021, Oct. 6, 2021, and May 4, 2022.

"This latest order reaffirms the value of our AFIRS 228 in the OEM market," stated Kent Jacobs, president and interim chief executive officer of Flyht. "We are very pleased that our long-standing relationship to have AFIRS installed on new aircraft is continuing and that airlines recognize the value and importance of the products Flyht provides."

Under the terms of the existing agreement, the OEM customer will be licensing Flyht's technology and delivering the AFIRS 228S system to its European airframer customer for three certified aircraft platform types. The products are scheduled for delivery throughout the remainder of 2023.

About Flyht Aerospace Solutions Ltd.

Flyht provides airlines with actionable intelligence to transform operational insight into immediate, quantifiable action, and delivers industry-leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by a suite of patented aircraft-certified hardware products. These include AFIRS, an aircraft satcom/interface device that enables cockpit voice communications, real-time aircraft state analysis and the transmission of aircraft data while in flight. The AFIRS Edge is a state-of-the-art 5G wireless quick access recorder (WQAR), aircraft interface device (AID), and aircraft condition and monitoring system (ACMS). The Edge can be interfaced with Flyht's TAMDAR probe or the Flyht-WVSS-II relative humidity sensor to deliver airborne weather and humidity data in real time.

We seek Safe Harbor.