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FLYHT Signs Contract with Nigerian Airline for Automated Flight Information Reporting Systems (AFIRS)

FLYHT Signs Contract with Nigerian Airline for Automated Flight Information Reporting Systems (AFIRS)

Calgary, September 23, 2013…. FLYHT Aerospace Solutions Ltd. has signed a contract with a Nigerian airline for the multiple installations of its Automated Flight Information Reporting System (“AFIRS™”) 220.

AFIRS220The contract requires FLYHT to install the AFIRS 220 systems on four Boeing 737 aircraft. The airline will use AFIRS to provide real-time flight data monitoring. The customer airline will benefit from all AFIRS 220 features including automated Out, Off, On and In times (power on to power off), airframe and engine exceedances, flight tracking, automated engine data collection for real time trending, fuel management and satellite voice communications.

FLYHT will provide equipment and services to the airline over a five-year contract with automatic annual renewals after the initial term. Installations are anticipated to begin in the fourth quarter of 2013. If FLYHT completes installation on all contracted aircraft and provides recurring service for the full term of the agreement, gross revenue to FLYHT will be approximately $636,000 USD, excluding optional services.

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.