07:47:08 EDT Sat 11 May 2024
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Flyht Aerospace Solutions Ltd (2)
Symbol FLY
Shares Issued 38,457,311
Close 2024-01-22 C$ 0.56
Market Cap C$ 21,536,094
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Flyht to work on Afirs Edge design with One Stop

2024-01-23 11:02 ET - News Release

Mr. Kent Jacobs reports

OSS AND FLYHT EXPAND RELATIONSHIP WITH THE DESIGN AND MANUFACTURING OF 5G ENABLED AFIRS(TM) EDGE SOLUTION

One Stop Systems Inc. and Flyht Aerospace Solutions Ltd. have commenced a multiyear design and manufacturing collaboration for Flyht's automated flight information reporting systems (Afirs) Edge family, including its new Afirs Edge+. The expanded relationship ensures that Flyht has access to OSS's scaled capabilities as it launches the aviation industry's first-to-market 5G-enabled avionics solutions.

The Afirs Edge is an aircraft interface device (AID), connecting aircraft data with EFB applications and providing airlines with wireless quick access (WQAR) capabilities, all while serving as a gateway on the aircraft for critical real-time information and onboard data storage.

The Edge also serves as a data port for Flyht's actionable intelligence services, such as fuel management, aircraft health monitoring, real-time engine data reporting and airport gate performance monitoring.

Further, when coupled with a real-time Internet protocol satellite connection, the Edge enables weather data customers to work with airlines to implement Flyht's aircraft based observations (ABO) weather systems and solutions. ABO can include water vapour humidity data for enabling enhanced weather forecasting capabilities.

"We chose OSS as our manufacturing partner for our Afirs Edge systems because of their proven capabilities in ruggedizing commercial aerospace devices and expertise in rugged edge solutions for AI, sensor processing and sensor fusion," stated Flyht president and interim chief executive officer, Kent Jacobs. "We also want to leverage OSS's expertise in the design, development, integration, testing and manufacturing of new products like our Afirs Edge+ which can enable faster time-to-market."

For OSS, the design and manufacturing engagement with Flyht is valued at a minimum of $6-million (U.S.) over the initial five-year term. OSS expects to begin production and shipments of Afirs Edge+ in the second quarter of 2024.

"This major win builds upon OSS being a long-time provider of embedded compute and storage technology for Flyht's flight safety equipment and networking prototypes," noted OSS vice-president of sales, Robert Kalebaugh. "Our selection by an industry leader like Flyht represents a strong validation of our design, engineering and manufacturing capabilities, as well as the comprehensive customer service that we have delivered to Flyht over the years."

OSS chief executive officer Mike Knowles commented: "This multiyear engagement expands our position in commercial aerospace, and further strengthens our technology development and manufacturing platform. Furthering our relationship with Flyht as a long-standing valued partner underscores our commitment to aviation safety and delivering mission-critical performance without compromise for this important industry."

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 inflight. 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 Tamadar 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 ISO9001 certified operation.

About One Stop Systems Inc.

One Stop Systems (NASDAQ: OSS) is a leader in AI transportable solutions for the demanding edge. OSS designs and manufactures the highest performance compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data centre performance to the harsh and challenging applications, whether they are on land, sea or in the air.

OSS products include ruggedized servers, compute accelerators, flash storage arrays and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defence industry.

OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

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