| Previous Close | 0.4800 |
| Open | 0.4700 |
| Bid | 0.4900 x 0 |
| Ask | 0.5000 x 0 |
| Day's Range | 0.4600 - 0.4900 |
| 52 Week Range | 0.3900 - 1.8800 |
| Volume | 135,000 |
| Avg. Volume | 34,106 |
| Market Cap | 13.065M |
| Beta (5Y Monthly) | 1.46 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0640 |
| Earnings Date | Aug. 06, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 0.28 |
- GlobeNewswire
Flyht Works to Speed Aviation Industry Recovery with New Actionable Intelligence Suite of Applications
CALGARY, Alberta, Sept. 16, 2020 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “Flyht”) today announced that the Company has developed and is delivering phase one of the Actionable Intelligence suite of SaaS applications. These developments will enable Flyht to combine its proven history of collecting, analysing and reporting aircraft operational data with IBM Watson Knowledge Catalog and IBM Cloud Pak for Data to enhance efficiency, cost and the goal of on time operations for clients like China Express Airlines, Swoop Airlines and its other global customers. Flyht currently has more than 2,800 aircraft equipped with the patented AFIRSTM system, and provides data analytics and reporting to more than 80 aircraft operators around the globe. The operation supports airlines 24/7 as they face challenges presented by weather, technical or air traffic delays, safety and regulatory changes, economic swings, and even the current pandemic. For over 20 years Flyht has helped its customers manage operations and control costs with both airborne and ground solutions. The new solution, Actionable Intelligence, uses real time data capabilities to create profit-driving actions rather than simply recording history and showing where money was lost. The solution assists airlines with analyzing and optimizing flight planning operations to improve efficiency, cost, and the goal of on time operations for its customers. Combined with the power of AFIRS, the solution incorporates real time alerting on events that might cause delays if not actioned in a timely manner. Flyht’s customers currently project that the investment of $5 million in airborne hardware will deliver $40 million in annual profit enhancement, producing a one-year return on investment of 800 percent.Actionable Intelligence runs on IBM Cloud Pak for Data, an integrated set of data and AI capabilities built on Red Hat OpenShift, that enables the solution to request immediate action to reduce time and costs associated with turnaround of an aircraft. Using IBM Watson Knowledge Catalog enables Flyht to use machine learning to expand these capabilities over time to become faster and more accurate in providing the profit enhancing opportunities.Bill Tempany, Interim CEO of Flyht, says that “the solutions that are being delivered in conjunction with our launch technology partner airlines will revolutionize the way the airlines manage their businesses, satisfy their customers and adjust to the new reality that will evolve as the industry recovers from the pandemic. We are proud to be doing work to help the aviation industry recover from the unprecedented events of 2020.”Charles Duncan, President of Swoop stated that “the power of the Watson tools along with real time data from our aircraft integrated with our existing ground based applications give Swoop the opportunity to be the industry leader in Actionable Intelligence. We are confident that our partnership with Flyht and IBM will have long lasting positive effects on our profits and how we operate our business.”China Express Airlines stated that “Flyht is a valued technology partner. We already have AFIRS installed on our CRJ and A320 fleets and look forward to the ability to have Actionable Intelligence delivered on our enabled aircraft.”Flyht announced a refreshed group of products and services at their AGM on June 23, 2020 that included the use of state of the art technologies as an IBM Business Partner that will help Flyht’s customers lead the recovery of the industry.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, visit www.flyht.com.Contact Information: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 Join us on social media! www.twitter.com/flyhtcorp www.facebook.com/flyht www.slideshare.net/flyhtcorp www.youtube.com/flyhtcorp 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.
- GlobeNewswire
Flyht at Lake Street Best Ideas Growth Conference
CALGARY, Alberta, Sept. 14, 2020 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “Flyht”) announced today that the Company will participate in the Lake Street Capital Markets 4th Annual Best Ideas Growth Conference, being held virtually on Thursday, September 17, 2020. Bill Tempany, Interim CEO, and Alana Forbes, CFO, will be holding one-on-one meetings with investors throughout the day. 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, visit www.flyht.com.Contact Information: FLYHT Aerospace Solutions Ltd. FNK IR LLC Alana Forbes Matt Chesler, CFA Chief Financial OfficerInvestor Relations 403.291.7437 646.809.2183 aforbes@flyht.com flyht@fnkir.com investors@flyht.com Join us on social media! www.twitter.com/flyhtcorp www.facebook.com/flyht www.slideshare.net/flyhtcorp www.youtube.com/flyhtcorp 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.
- GlobeNewswire
Flyht Receives Order from China Express to Factory Install AFIRS on ARJ 21 Aircraft and Announces China Express as a Launch Partner for its Actionable Intelligence Solution
CALGARY, Alberta, Sept. 09, 2020 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “Flyht”) announced today that it has received an order for 20 AFIRS units that will be factory installed on the ARJ21 aircraft for China Express Airlines Co. Ltd., China’s first private regional airline. China Express will take delivery of the first 20 of an expected commitment for up to 100 of the newest aircraft type available in China over the next 5 years. China Express has also agreed to be a launch customer for Flyht’s Actionable Intelligence solution by integrating AFIRS data from both its current fleet and the incoming ARJ fleet with ground handling data from various systems. Flyht currently has more than 2,800 aircraft equipped with the patented AFIRSTM system, and provides data analytics and reporting to more than 80 aircraft operators around the globe.China Express stated, “Flyht has long been a valued technology partner with their AFIRS system installed on our existing fleet of CRJ and A320 aircraft. As we expand our fleet with new aircraft, we are having AFIRS installed by the manufacturer so that we can leverage real-time data immediately through the use of Flyht’s new Actionable Intelligence tools.”Bill Tempany, Interim CEO of Flyht, said, “Our long-term relationships with our airline partners in China have been very successful and our integration into this new aircraft type being delivered as a factory installed option, is proof that our patience and dedication to this market and customer were well founded. We are also excited that China Express has agreed to be our strategic technology partner in China to take advantage of our Actionable Intelligence products.”Based on the current installation schedule and product deployment plan, Flyht is expected to generate US$2 million in revenue from this contract over the next five years in a combination of hardware and data services. Additional revenues are expected as the Actionable Intelligence functionality is rolled out, which will be announced in due course.About FLYHT Aerospace Solutions Ltd. Flyht has been a pioneer in improving aviation safety, efficiency and profitability by providing insight into airline operations. Our products have allowed us to develop Actionable Intelligence tool kits based on our development of Flyht’s patented and unique aircraft certified hardware, 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, visit www.flyht.com.About China Express AirlinesChina Express Airlines, also known as Huaxia Airlines, is China's first private regional airline. They have been a customer of Flyht since their first aircraft were delivered and take full advantages of all the features of the AFIRS system.Contact Information:FLYHT Aerospace Solutions Ltd.FNK IR LLC Alana ForbesMatt Chesler, CFA Chief Financial OfficerInvestor Relations 403.291.7437646.809.2183 aforbes@flyht.comflyht@fnkir.com investors@flyht.com Join us on social media! www.twitter.com/flyhtcorp www.facebook.com/flyht www.slideshare.net/flyhtcorp www.youtube.com/flyhtcorp www.flyht.com 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.
