FLYHT Announces Leadership Changes to Accelerate SaaS Growth Strategy
December 02 2020 - 07:04AM
FLYHT Aerospace Solutions Ltd. (TSX-V: FLY)
(OTCQX: FLYLF) (the “Company” or “FLYHT”) announced today that it
named new leaders as part of the Company’s continued strategy to
drive greater growth in SaaS with the deployment of its Actionable
Intelligence platform. The Company also announced that Matieu
Plamondon, Chief Operating Officer, is leaving to start a new
chapter of his career.
This fall FLYHT introduced the Actionable
Intelligence suite of SaaS applications designed to provide
real-time insights to help the global commercial aviation industry
operate more efficiently and profitably as it recovers from the
global pandemic and beyond. This solution set leverages the
Company's proven history of collecting, analyzing and reporting
aircraft operational data in real-time. FLYHT has been executing on
this plan throughout the pandemic with our launch customers.
“I’ve never been more excited about our current
and future position within the aviation and software industries,”
said Interim CEO Bill Tempany. “We have the right strategy, the
right technology, and of course the right talent and partners in
order to deliver measurable savings to airlines around the
world.”
FLYHT announced the following changes to the
executive leadership team:
- Derek Graham, current Chief Technology Officer, will become VP
of Business Development to focus on nurturing strategic
partnerships with other suppliers of specialty products and
services to the aviation industry. Graham brings significant
experience in product development through collaboration which will
be instrumental as FLYHT continues to bolster the Actionable
Intelligence offering with integration to other sources of critical
ground and airport data. “The silver lining of the pandemic is that
it is creating new opportunities for collaboration that will
increase the value of our organic offerings,” said Derek.
“Innovation will be key to post-pandemic growth
opportunities.”
- Darrel Deane, a key member contributing to the Company’s
success since 2012 as an architect of its innovative technology,
has been promoted to VP Solutions. In his expanded role, Deane will
sharpen the Company’s focus of resources on its SaaS offerings and
transform the legacy applications to Actionable Intelligence. “Our
team has a great balance of airline subject matter experts, product
management, and superb technical knowledge. Applying this expertise
together with IoT and cloud technologies will ensure our customers
unlock previously untapped value in their operations. Our launch AI
technology partners will soon be rewarded with the first of many
value driven releases that will result in improved profitability
across their operations,” said Darrel. “I’m excited to take on a
new leadership role in this journey.”
- Matieu Plamondon leaves FLYHT after six years of increasing
operational responsibility, most recently as Chief Operating
Officer. During his time at FLYHT, Plamondon fostered a
collaborative working environment and developed a deep and strong
bench of operational talent. “We have a very strong management team
that will ensure the seamless day to day operation of the business
and the team is well equipped to support the exciting new direction
of the company,” said Matieu. “While leaving a company is never
easy, the current strength of the organization helped me make this
difficult decision. FLYHT is well positioned to help airlines turn
things around post COVID with Actionable Intelligence.” Matieu’s
departure will be effective December 31, 2020.
About FLYHT Aerospace Solutions
Ltd.
FLYHT provides airlines with Actionable
Intelligence to transform operational insight into immediate,
quantifiable action, delivering industry leading solutions to
improve aviation safety, efficiency and profitability. This unique
capability is driven by FLYHT’s patented aircraft certified
hardware products including AFIRS™, a satcom aircraft interface
device which enables real-time streaming of flight information,
cockpit voice and black box data streaming and TAMDAR™, which
aggregates and streams airborne weather data in real-time. FLYHT is
headquartered in Calgary, Canada with an office in Littleton,
Colorado, and is an AS9100 Quality registered company. For more
information view our latest presentation here, or,
visit www.flyht.com
Contact Information: |
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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 |
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