Mr. Kent Jacobs reports

LONG-TERM CUSTOMER EXTENDS SOFTWARE SERVICES AGREEMENT WITH FLYHT

Flyht Aerospace Solutions Ltd. has signed a five-year contract renewal with one of its long-term charter customers, to provide continuous software services to its entire fleet of Boeing 777 and 767 aircraft.

The charter airline, a Flyht customer since 2009, has Flyht's AFIRS 220 and AFIRS 228B iridium satcom hardware installed on its fleet of 14 Boeing 777-200ER, 767-300ER and 767-200ER aircraft. Through Flyht's FLYHTHealth, FLYHTLog and satcom voice services, the airline receives reports on aircraft system health, engine and airframe exceedances, engine trends, as well as aircraft tracking and voice services. Additionally, the airline customer is currently conducting a trial for CrossConsense's visualization and maintenance alerting tool, ACSIS.

"We are honoured that our long-standing and deeply valued customer has signed on for continued Flyht voice and data services, as part of its ongoing effort to maintain and improve operational efficiency and safety," commented Kent Jacobs, president and interim chief executive officer at Flyht. "This long-term extension further validates the value that Flyht provides to charter airlines, and we are eager to demonstrate additional services and capabilities in the future, to deepen the engagement."

With real-time threshold exceedance reports from AFIRS, airlines are notified immediately when a specific event has occurred. With real-time threshold exceedance alerts, airlines know in advance exactly when and where to look for events that may require immediate action or further investigation, such as engine over temps, engine over speeds, high vibrations, low oil pressure, hard landings and flap over speeds, to name a few. Real-time threshold exceedance reports are completely configurable and enable pro-active maintenance of customers' aircraft, engines and life-limited parts. This contract renewal is valued at approximately $1.3-million (U.S.), provided that all services are delivered over the five-year term of the agreement.

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.

CrossConsense, Flyht's wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include: the Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

Flyht is headquartered in Calgary, Canada, and is an AS9100-quality-registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001-certified operation.

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