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Microcap & Penny Stocks : FLYHT Aerospace Solutions Ltd.

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From: Sultan4/14/2020 11:42:59 AM
   of 243
 
4 Million Flight Hours Logged on FLYHT’s UpTime

CALGARY, Alberta, April 14, 2020 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. ( FLY.V) ( FLYLF) (the “Company” or “FLYHT”) today reported that operators with the Automated Flight Information Reporting System (AFIRS™) installed for real-time data services on their aircraft have logged, in the aggregate, over four million flight hours on the UpTime™ services platform. The first million hours accumulated over seven years, the second million were achieved in three and a half years, the third million in just over two years, and the fourth million was achieved in less than 12 months, during March of this year.

The AFIRS product installs into the electronics bay of commercial aircraft. It connects to a variety of aircraft communication and information systems, collects the data necessary provide real-time information about the operational and maintenance status of the aircraft and reports to the UpTime services platform using its integral Iridium modems over the worldwide Iridium low earth network of satellites.

The UpTime platform, originally a fixed server, is now implemented in the Amazon Web Services cloud and uses the real-time reports from AFIRS to create Software as a Service products that airlines use to reduce their costs, streamline their operations and proactively enhance the safety of their operations.

ca.finance.yahoo.com
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