FLYHT Receives Key European Certification; NetJets Europe Hawker Fleet Can Now "Go Live"
CALGARY, ALBERTA--(Marketwire - Sept. 4, 2012) - FLYHT Aerospace Solutions Ltd. ( FLY.V) ("FLYHT") reported today that it has received an activation Supplemental Type Certificate ("STC") for its Automated Flight Information Reporting System ("AFIRS(TM)") 228 on Hawker Beechcraft 750/800XP/850XP/900XP ("987") series aircraft from the European Aviation Safety Agency ("EASA"). This is the Company's first European STC for the AFIRS 228.
On March 27, 2012 (http://flyht.com/aeromechanical-services-afirs-to-take-flight-with-netjets-europe/), FLYHT announced a contract with NetJets Europe, to which this STC applies. Since then, the Company has installed the AFIRS 228 provisions (kits that include the tray, wiring and antenna covered by a Provisions Only STC) on ten (10) of the customer's contracted Hawker fleet and delivered 13 of a total of 30 contracted kits. The STC allows for the immediate activation of the AFIRS technology and enables its full functionality on the installed aircraft.
"It's an exciting milestone for us, as it has taken two and a half years to reach this point," said President and CEO, Bill Tempany. "The attributes and benefits of our technology, in combination with rigorous testing undertaken by NetJets Europe, positions the AFIRS 228 as a best-in-class answer to solving multiple real-time reporting issues facing aircraft operators around the world."
An STC constitutes regulatory approval to modify an aircraft's design while retaining airworthiness certification and is necessary to permit retrofit installation of aeronautical products such as AFIRS. The Company has AFIRS 220 STCs for 30 aircraft types and has AFIRS 228 activation STCs on a growing list of airframes such as the CRJ 900, Hawker Beechcraft "987" series (as stated above) and provisions-only STCs for the Boeing 777 and ATR-42 and -72. The Company is developing STC's for numerous other aircraft types.
About FLYHT Aerospace Solutions Ltd.
FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS(TM) UpTime(TM), allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT's triggered data streaming mode, FLYHTStream(TM), automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. In May 2012 the trading symbol was changed from AMA to FLY in conjunction with a name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd.
AFIRS, UpTime, FLYHT, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
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Contact:
Thomas R. French, CGA
FLYHT Aerospace Solutions Ltd.
VP Finance and CFO
403-291-7427
tfrench@flyht.com
www.flyht.com
Investor Relations
The Howard Group Inc.
Dave Burwell
Sales Associate
(888) or (403)-221-0915
finance.yahoo.com
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