FLYHT Announces Completion of
AFIRS Installation on Initial China Express ARJ-21
Aircraft
Calgary, Alberta, Canada -
June 27, 2022 - FLYHT Aerospace
Solutions Ltd. (TSX-V:
FLY) (OTCQX: FLYLF) (the "Company" or "FLYHT") today
announced that
the
factory
successful
installation and
testing has been completed for the first of 20 AFIRS 228S units on
ARJ-21 aircraft ordered
by China Express Airlines Co. Ltd., China's first private regional
airline. All tests were successful
have
been completed
and the
aircraft is planned to enter commercial service today. As
previously
communicated
in
September 2020, China Express
will take delivery of the
first 20 of an expected commitment for up to 100 of the newest
aircraft type available in China over the next several
years.take
delivery of
20 ARJ21 aircraft, with an expected commitment up to 100
aircraft to be
delivered over the next several
years. The ARJ21 is
the newest Chinese
developed and built aircraft.
Bill Tempany, CEO of
FLYHT, stated, "It
has been a long time in the making, but today I am proud to say
that we have successfully completed this first installation of
AFIRS on the ARJ-21 and that our
technology will be
be in
the skies
over
China todayoperational on this
new aircraft type. We see the
launch
introduction of
this
aircraft typethe ARJ21
into
service with China
Express as the first step in
what we expect to be an expanding
relationship with China Express as
a continuing step in our relationship as we
provide consistent
reporting across the different aircraft types in their
fleet. involving the
installation of AFIRS
on ARJ-21
aircraft sold
in other countries and
the provision
of ongoing
service with identical reporting to China Express'
other
aircraft types that
are already equipped with
AFIRS. We
FLYHT are
remains committed
to our customers in China and our
workto working
with
COMAC with
on
the CAAC
STC installation of AFIRS."
About FLYHT
Aerospace Solutions Ltd.
FLYHT
provides airlines with Actionable Intelligence to transform
operational insight into immediate, quantifiable action, and
delivers industry leading solutions to improve aviation safety,
efficiency, and profitability. This unique capability is driven by
a suite of patented aircraft certified hardware products. These
include AFIRS™, an aircraft satcom/interface device, which enables
cockpit voice communications, real-time aircraft state analysis,
and the transmission of aircraft data while inflight. The AFIRS
Edge is a state-of-the-art 5G Wireless Quick Access Recorder
(WQAR), Aircraft Interface Device (AID), and Aircraft Condition and
Monitoring System (ACMS). The Edge can be interfaced with FLYHT's
TAMDAR probe or the FLYHT-WVSS-II relative humidity sensor to
deliver airborne weather and humidity data in real-time.
CrossConsense,
FLYHT's wholly owned subsidiary, offers highly skilled services to
the commercial aviation industry and provides preventative
maintenance solutions. These include Aircraft Fleet View, a native
application that gives a real-time view of airline fleet status;
AviationDW, a managed data warehouse for enhanced business
intelligence; and ACSIS, a visualization and predictive maintenance
alerting tool.
FLYHT is
headquartered in Calgary, Canada, and is an AS9100 Quality
registered company. CrossConsense, located in Frankfurt, Germany,
is an ISO9001 certified operation. For more information, visit www.flyht.com.
Cautionary Note
Regarding Forward-Looking Statements
Except for statements of historical
fact, this news release contains certain "forward-looking
information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements
that certain events or conditions "may" or "will" occur. In
particular, forward-looking information in this press release
includes, but is not limited to, statements with respect to the
anticipated/projected revenues and related matters. Although FLYHT
believes that the expectations reflected in the forward-looking
information are reasonable, there can be no assurance that such
expectations will prove to be correct. FLYHT cannot guarantee
future results, performance, or achievements. Consequently, there
is no representation that the actual results achieved will be the
same, in whole or in part, as those set out in the forward-looking
information.
Forward-looking information is
based on the opinions and estimates of management at the date the
statements are made and are founded on the basis of expectations,
assumptions and hypotheses made by the Company, including, but not
limited to projected revenues. Such forward-looking information is
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those anticipated in the forward-looking information. Some of the
risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information
include but are not limited to: global economic conditions;
industry conditions, and supply chain delays. Readers are cautioned
that this list of risk factors should not be construed as
exhaustive.
The forward-looking information
contained in this news release is expressly qualified by this
cautionary statement. FLYHT undertakes no duty to update any of the
forward-looking information to conform such information to actual
results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking
information.
Contact
Information:
FLYHT Aerospace
Solutions Ltd. FNK IR LLC
Alana Forbes Matt Chesler, CFA
Chief Financial
Officer Investor Relations
403.291.7437 646.809.2183
aforbes@flyht.com flyht@fnkir.com
investors@flyht.com
Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
###
