Press release from Marketwire
FLYHT Aerospace Solutions Ltd. and L-3 Aviation Recorders Sign Agreement to Provide SatCom Solutions for Major OEM
Tuesday, May 22, 2012
FLYHT Aerospace Solutions Ltd. and L-3 Aviation Recorders Sign Agreement to Provide SatCom Solutions for Major OEM07:05 EDT Tuesday, May 22, 2012CALGARY, ALBERTA--(Marketwire - May 22, 2012) - FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) (the "Company" or "FLYHT") has signed an agreement with L-3 Aviation Recorders ("L-3 AR") to sell, certify, produce and support FLYHT's real-time data communications and SatCom solution to L-3 AR customers. FLYHT and L-3 AR will provide FLYHT's Automated Flight Information Reporting System ("AFIRS") 228S to L-3 AR customers for installation on new aircraft. This solution offers customers the ability to provide voice and data communications anywhere in the world through the Iridium network. The AFIRS 228S will be provided under FLYHT's global Value Added Reseller agreement with Iridium. These solutions are currently marketed under the FLYHT brand in conjunction with L-3's industry-leading line of Flight Data Recorders ("FDRs"), commonly referred to as "black boxes" on aircraft. "We are delighted that our effort in teaming with the world leader in data recording is bearing fruit," remarked Bill Tempany, President and CEO of FLYHT. "We're proud that the industry has recognized L-3 and FLYHT for our technologies and cutting-edge solutions for seamless information delivery - from air vehicle to end user. As a team, we will offer end users and original equipment manufacturers one-stop shopping for their data recording and information delivery requirements.""L-3 is extremely pleased to offer to its extensive worldwide airline and OEM customer base a solution for this emerging requirement with a strong partner like FLYHT," said Mike Smith, President of L-3 Aviation Recorders. "In conjunction with an on-board L-3 flight recorder, FLYHT has already demonstrated FDR data and aircraft position streaming on in-service aircraft. Additional functionality such as ACARS and data loading for EFB and other systems using Iridium communications services makes this a very practical solution for all customers."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™ UpTime™, 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™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012. AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.About L-3 Aviation Recorders A subsidiary of New York City based L-3 Communications; L-3 Aviation Recorders is the leading supplier of transportation industry solid-state voice and data recorders, specializing in accident-survivable recording devices for the aerospace and maritime industries.L-3 AR is part of the L-3 Aviation Products (AP) Sector. L-3 AP manufactures a diverse line of safety-enhancing products and avionics equipment that sets the standard for next-generation requirements, including configurable voice and data recorders, collision avoidance systems, navigation products, display systems and processors. Our aviation products are found on tens of thousands of military and commercial aircraft worldwide. L-3 AP is made up of six divisions including ACSS, Aviation Recorders, Avionics Systems, Display Systems, Electrodynamics, Inc. and Electronic System Services. To learn more about L-3, please visit the company's website at www.L-3com.com.Join us on social media! www.facebook.com/flyht www.twitter.com/flyhtcorp www.slideshare.net/flyhtcorp www.youtube.com/flyhtcorp www.flyht.com FOR FURTHER INFORMATION PLEASE CONTACT: Thomas R. French, CGAFLYHT Aerospace Solutions Ltd.VP Finance and CFO403email@example.comORWilliam BrankinL-3 Aviation RecordersDirector, Business Development941-377-5521William.Brankin@L-3com.comwww.L-3com.comNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.