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FLYHT Receives US$1.8 Million OEM Purchase Order

CALGARY, Alberta, April 15, 2019 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. (FLY.V) (FLYLF) (the “Company” or “FLYHT”) is pleased to announce receipt of a new US$1.8 million purchase order for Iridium modems and license fees (see press release dated July 15, 2014).

The complete purchase order is scheduled to be shipped within 2019 for the two certified aircraft platform types achieved via this agreement and the value of the order slightly exceeds the total revenue gained from modem and license shipments to this customer for these platforms in 2018.

“FLYHT remains focused on satisfying our partner’s needs and continuing to provide an outstanding SATCOM product for production and retrofit,” Chief Operations Officer Matieu Plamondon remarked. “We want to be the go-to supplier for this important OEM and their customers.”

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability. Globally, and for more than 20 years, airlines, leasing companies, fractional owners and original equipment manufacturers have installed FLYHT’s differentiated aircraft and enterprise-based solutions to deliver real-time, flight-deck, satellite connectivity for tracking, health monitoring, and streaming of operational, maintenance and weather data. FLYHT is publicly traded as FLY in Canada on the TSX.V; and as FLYLF in the USA on the OTCQX. FLYHT is based 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.
Alana Forbes
Chief Financial Officer
403-291-7437
aforbes@flyht.com
Canada Investor Relations:
Adelaide Capital Markets Inc.
Deborah Honig
647-203-8793
deborah@adelaidecapital.ca
USA Investor Relations:
Liolios
Matt Glover
949-574-3860
matt@liolios.com

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