FLYHT Reports Third Quarter Results
Grants Incentive Stock Options
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 11/12/14 -- FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the "Company" or "FLYHT") a leading provider of real-time data communications technology for the aviation industry today reported financial results for its third quarter ended September 30, 2014.
"Revenue for the quarter was the highest of the 2014 financial year," stated Bill Tempany, Chief Executive Officer of FLYHT. "We feel strongly that FLYHT is uniquely positioned to make major inroads in our market as the industry strives to put systems in place to better track and monitor aircraft. Our relationships are strong, our presence in the industry well known and our technical and client servicing capabilities are ever improving. While the anticipation of regulations has slowed decisions by some airlines; our list of prospects and the pipeline of business we have built has never been stronger. AFIRS is poised to become the leader in meeting future real-time communication mandates as they emerge. As an example, we already have the process and products in place to meet the 2017 mandate for SatCom technology in China."
Third Quarter Results Include:
For detailed information FLYHT''s 2014 Third Quarter Report containing the CEO''s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company''s website and can be accessed at . The MD&A and Financial Statements have also been sent to SEDAR and will be accessible at .
FLYHT will host a live conference call to discuss third quarter results on Thursday, November 13 at 9 am MDT (11 am EDT, 8 am PDT).
To access the conference call by phone within Canada and the U.S. the toll-free number is 1-800-319-4610. Outside Canada and the U.S., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).
Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call can do so by pressing (i)1. Also questions can be forwarded in advance or during the conference call to .
An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT''s website () as soon as it is available.
As part of the formal stock option plan approved at the Annual General Meeting held in June 2014, the senior operations manager, Mr. Matieu Plamondon, has been granted incentive stock options of the Corporation at a price of $0.40 per share for a period of three years, subject to regulatory approval. A maximum of 10% of the issued shares are reserved for issuance for the Corporation''s Stock Option Policy. The options vest immediately and are subject to a four month hold period.
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.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
FLYHT Aerospace Solutions Ltd.
Nola Heale, CA
Chief Financial Officer
403-291-7425
Investor Relations:
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
Bristol Institutional Relations
Glen Akselrod
President
(905) 326-1888
Kin Communications Inc.
Fred Leigh
(866) or (604) 684-6730
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Datum: 12.11.2014 - 17:20 Uhr
Sprache: Deutsch
News-ID 1317893
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Kategorie:
Aircraft
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