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Flyht Aerospace Solutions Ltd (2)
Symbol FLY
Shares Issued 38,457,311
Close 2023-10-31 C$ 0.77
Market Cap C$ 29,612,129
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Flyht to provide AFIRS products to Yukon's Air North

2023-10-31 10:15 ET - News Release

Mr. Kent Jacobs reports

FLYHT TO PROVIDE 5G & IRIDIUM CONNECTIVITY SOLUTIONS TO AIR NORTH, YUKON'S AIRLINE TO ENHANCE COMMUNICATIONS AND OPERATIONS

Air North, Yukon's airline, has agreed to purchase Flyht Aerospace Solutions Ltd.'s innovative hardware and software services as part of the Yukon airline's fleet renewal plans. The adoption of these solutions will provide Air North with enhanced aircraft communications and maximum operational efficiency and safety.

Per the agreement, Flyht's AFIRS 228 Iridium SatCom and AFIRS Edge solutions will be installed on Air North's Boeing 737 NG aircraft as it renews its B737 Classic fleet. The AFIRS 228S solution will provide rapid and reliable two-way voice and text messaging communications between the crew and the OCC (operations control centre), automate the collection and reporting of block and flight times, and collect applicable engine data for real-time engine trending services and real-time flight tracking for Air North's remote northern operational environment. The AFIRS Edge's high-bandwidth 5G wireless quick-access recorder (WQAR) and enhanced aircraft interface device (AID) capabilities will empower Air North to automatically download and feed QAR data to its flight data management (FDM) program. The AID capability will provide key aircraft data to crew iPad apps and power over Ethernet to charge iPads to enhance cockpit crew operations. Air North will also have real-time access to Flyht's suite of software services, including FlyhtHealth, FlyhtLog and AFIRS Gateway, which will provide reports on aircraft system health, engine and airframe exceedances, engine trends, as well as aircraft tracking and voice services.

"As we modernize our B737 Classic fleet with B737 NG aircraft, we want to ensure that we take to the skies with the latest in avionics that provide the most comprehensive coverage of remote regions, and that meant upgrading to Flyht," said Joe Sparling, Air North's president and chief executive officer. "We look forward to integrating Flyht's solutions to help improve connectivity and realize greater operational efficiencies."

"We're excited to support Air North's fleet renewal with a broad offering of hardware and software solutions, including our 5G-enabled AFIRS Edge," said Kent Jacobs, president and interim chief executive officer of Flyht. "This new relationship is another example of the growing demand for Flyht's actionable intelligence offerings and the close partnership we forge with our many customers."

The contract is valued at approximately $700,000 (U.S.), provided that all products and services are delivered over the term of the five-year agreement. Installations are expected to commence in early 2024.

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 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 ISO 9001 certified operation.

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