FLYHT wins USD 1.3m contract with Chinese customer

FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) has entered a contract valued at approximately USD USD 1.3m with an existing customer in the People´s Republic of China for the sale of the Automated Flight Information Reporting System (AFIRS) for installation on Airbus A320 and Airbus A320NEO,.

The operator is adding new Airbus A320 aircraft to its current fleet of CRJ-900 aircraft, and will install AFIRS as they take delivery of the new aircraft. FLYHT data services may be added to these new aircraft when they are placed into service, further increasing the value of the contract.

FLYHT´s proprietary technology, the Automated Flight Information Reporting System (AFIRS), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT´s UpTime ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction.

Installations are anticipated to begin in the middle of 2017; FLYHT currently owns required Supplemental Type Certificates (STC´s) to commence the installations on the A320 and will pursue updates for the A320NEO.

FLYHT provides real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 60 customers, including airlines, leasing companies and original equipment manufacturers, have installed its systems to increase safety, improve operational efficiencies and enhance profitability.