Sparks, Nev., June 18, 2014 – Sierra Nevada Corporation ("SNC") and FLYHT Aerospace Solutions Ltd., (TSX-V: FLY) ("FLYHT") are pleased to announce that the companies have renewed their strategic relationship by updating their license and manufacturing agreement and adding a value-added reseller agreement.
The relationship involves FLYHT's Automated Flight Information Reporting System, or AFIRS™ product and services. The AFIRS system operates on multiple aircraft types and provides functions including aircraft position, on-demand streaming of black box data, voice and text messaging, and data collection and transmission. AFIRS sends that information to its companion, UpTime™, the ground service product, which stores and transfers the data to the customer in real time. Aircraft operators can use this information to increase safety, improve service, and enhance profitability.
FLYHT will continue to lead sales and service activities in all civil aviation markets, and SNC will lead sales in the United States and NATO military and government manned and unmanned aircraft markets.
"We are pleased and excited to renew our relationship with FLYHT. We believe that the need for AFIRS in the military and government aircraft industry is significant and the multi-feature offering of the AFIRS unit is critical in today's budget-constrained environment. AFIRS' can improve the efficiencies of operating and maintaining aircraft while also reducing the operation and maintenance cost and improving flight safety." said Greg Cox, corporate vice president for SNC's Communication, Navigation and Surveillance/Air Traffic Management business area.
"We look forward to a long and mutually beneficial relationship with SNC," said Bill Tempany, CEO of FLYHT. "We are truly motivated by reframing our relationship with SNC in a way that will see both companies thrive from the work we have done on AFIRS. We are particularly excited to have SNC as a strong partner to bring the benefits of AFIRS to both the military and unmanned aircraft marketplaces which would otherwise be out of reach for our company."
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 Dragon is FLYHT's latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad. AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
Contact Information
FLYHT Aerospace Solutions Ltd.
Matt Bradley, President
403-444-6691
mbradley@flyht.com
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About SNC
SNC is a trusted global leader in aerospace and national security. Our innovative solutions enable connected protection through command, control and communications systems, as well as ISR, cyber, electromagnetic spectrum management, and other high capabilities for national security systems across all domains – sea, land, air, space and cyber. As a longstanding leader in defense technology, SNC is at the optimum intersection of commercial, defense and non-traditional contractors. We are one of the only privately owned mid-tier A&D contractors and we pride ourselves on our ability to invest early and often to ensure mission success on or ahead of schedule. It's part of our mission to always stay one step ahead; working on solutions today to solve the problems of tomorrow. Founded in 1963, SNC is owned by Chairwoman Eren Ozmen and CEO Fatih Ozmen.