Flyht Aerospace Solutions, Ltd. (USOTC:FLYLF)
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5 Years : From Nov 2014 to Nov 2019
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.
About S&P Capital IQ's Factual Stock Reports
Currently profiling approximately 400 issuers, S&P Capital IQ (MHFI) Factual Stock Reports increase market awareness of issuers in the investment community with insightful commentary, key statistics, and relevant corporate information. The Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information on the covered companies to reach a wide spectrum of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the Reports also capture recent company developments, a financial review, key operating information, industry and peer comparisons, Street Consensus, performance charts, business summary, fundamental data, and timely news stories. Coverage of these reports is underwritten by the issuer, therefore S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
S&P Capital IQ Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.
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