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FLYHT's Technology Achieves Major Milestone With One Million Flights

FLYHT Aerospace Solutions Ltd. (TSX VENTURE:FLY) (the "Company" or "FLYHT") reported today that its flagship Automated Flight Information Reporting System ("AFIRS™") has reach a major milestone having surpassed one million flights onboard customer aircraft.

Bill Tempany, CEO of FLYHT said: "The steady growth of flights is exciting. The value received by our customers using AFIRS continues to grow as we add services to our existing applications. FLYHT's focus for the coming years will be to increase the applications available to our customers and the value we can bring to them on each and every flight."

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Customer feedback highlights the value AFIRS provides.

"FIRST (Fuel Initiative Reporting System Tracker) is a key element to any fuel conservation initiative, it is the big "M" within the PEMC framework - Plan, Execute, Measure, Correct. And the system does it accurately and timely, always"

"FLYHT knowledge and flexibility to accommodate specific requirements is remarkable and makes the AFIRS and FIRST solutions a "must have" solution for the aviation companies engaged to be the most efficient as possible in terms of fuel usage."

The Company has been tracking customer flights and flight hours since AFIRS' commercial inception in 2005. In 2012, FLYHT announced that AFIRS had flown one million flight hours onboard customer aircraft. Since that achievement, flight hours have grown to over 1.5 million, showing how quickly they are multiplying. This growth in flights and flight hours demonstrates customer's increased use of the technology and is linked to the Company's recurring revenues.

Source : FLYHT Aerospace Solutions Ltd. - view original press release

Published on ASDNews: Apr 23, 2014


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