FLYHT Aerospace Solutions Ltd. (TSX-V:FLY) (OTCQX:FLYLF) (the “Company” or “FLYHT”) is pleased to announce a Software as a Service (SaaS) contract renewal with an existing customer.
The value of this renewal agreement with the airline is USD $1.43 million, assuming the Company provides services over the full term of the five (5) year contract.
The airline operates in North America and uses the Automated Flight Information Reporting System (AFIRSTM) and associated UpTimeTM capabilities to monitor and manage its aircraft on remote flights. The suite of services FLYHT provides to this operator will expand with the new SaaS agreement to include engine trending, airframe exceedances and engine exceedances. The operator will experience significant benefits from this combined functionality.
“This airline added more of our software products to improve the efficiency of their operations,” remarked FLYHT’s COO, Matieu Plamondon. “FLYHT is excited to deliver services that reduce their operational costs and enhance the safety of their operations.”
Source: FLYHT Aerospace Solutions Ltd.
Date: Jun 7, 2018