NEW YORK, Aug. 27, 2014 /PRNewswire/ -- S&P Capital IQ
(MHFI) announced today that it has commenced Standard & Poor's
Factual Stock Report coverage on FLYHT Aerospace Solutions Ltd..
(FLYHT)
FLYHT Aerospace Solutions (TSXV:FLY; OTC:AMSLF) is a designer,
developer and service provider to the global aerospace industry.
The company supports aviation customers in different sectors
including commercial, business, leasing and military operators.
FLYHT's headquarters are located in Calgary, Canada with sales representation in
China, the Middle East, Singapore, South
America, the United States
and Europe. The company's
solutions are designed to improve the productivity and
profitability of its customers and enable communication between
pilots and ground support. FLYHT's tools deliver data from the
aircraft to operations groups on the ground, on demand. The
company's real-time triggered data streaming program, FLYHTStream,
can stream position reports and data from an aircraft in flight to
ground support in real time.
FLYHT's Automated Flight Information Reporting System (AFIRS) is
a device installed on aircraft which monitors hundreds of essential
functions from the plane and the black box. AFIRS sends the
information to the UpTime server on the ground, which stores and
relays the data to the airline in real time. Airlines use this
information to increase passenger safety, improve productivity,
maximize efficiency and enhance profitability. In addition to its
data monitoring functions, AFIRS provides voice and text messaging
capabilities that give pilots the ability to communicate with
ground support. FLYHT's value-added applications such as
FLYHTStream, FLYHTSafe and FLYHTFuel run on the AFIRS hardware and
its UpTime servers and are unique to FLYHT and available only to
its customers. FLYHT offers global satellite coverage through the
Iridium satellite network, providing service wherever it is
needed.
FLYHTStream performs real-time triggered alerting and black-box
data streaming in the event of an emergency on the aircraft.
FLYHTStream uses AFIRS' onboard logic and processing capabilities
on the aircraft in combination with UpTime's ground-based servers
to interpret and route alerts and messages from the aircraft in
trouble to parties on the ground that need to know such as the
airline, operation centers and regulators.
FLYHTSafe provides real-time operational safety alerts from
AFIRS. Airlines using FLYHTSafe are notified immediately when a
specific operational safety event has occurred that may have
implications for the safety of flight. According to the company,
AFIRS is the only product that has an embedded logic application
(ELA) onboard that can identify with pinpoint accuracy when a
specific event has taken place. Airlines can then take steps that
require immediate action or further investigation. FLYHTSafe can be
used to assist in the development of safety policies, training
programs and standard operating procedures.
FLYHTFuel is a tool that is used by airlines to focus attention
on areas of greatest savings potential automatically, and to
provide the information necessary to make decisions about the
operation. The dashboard compares how pilots are operating the
aircraft to how they could be flying in order to maximize
efficiency and fuel savings. FLYHTFuel is de-identified to meet
pilot union requirements, but can be filtered to display
performance by pilot if desired. It is an intuitive tool that
enables fuel managers to act on information instead of compiling
and analyzing data.
The company's latest product, the Dragon, is available to the
general aviation market. The Dragon is a lightweight portable
satellite communications device that blends existing FLYHT
technology with that of the iPad. FLYHT developed the new product
to meet a growing demand from small aircraft, business jet and
helicopter operators for a satellite communications solution
similar to AFIRS.
The Underfloor Stowage Unit offers the flight crew additional
stowage space in the cockpit. With this addition, manuals are
always within reach of the seated crew and are kept safe, dry and
clean inside the stowage unit. In addition, safety equipment and
other items required by the flight crew can be accessed any time
throughout the flight without leaving the cockpit. FLYHT signed two
contracts for eight aircraft with customers worldwide in the first
quarter of 2014. Four were for the AFIRS 220 and four for the AFIRS
228.
S&P Capital IQ's Factual Stock Report coverage on FLYHT
Aerospace Solutions Ltd. will also be accessible on an ongoing
basis to the investment community by scores of buy-side
institutions and sell-side firms that utilize S&P Capital IQ
research and information platforms daily. Millions of self-directed
investors also have access to the report via their e-brokerage
accounts. Please visit http://www.flyht.com for additional
information.
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