FLYHT AEROSPACE SLTNS LTD - FLYLF STOCK NEWS

FLYHT Aerospace Solutions Ltd. announced its participation in the 2022 Small Cap Growth Conference on February 2-3, 2022. Management will host a virtual presentation on February 2 at 3:00 PM ET, followed by a Q&A session for shareholders. The event will be accessible via a live audio webcast. FLYHT specializes in providing actionable intelligence to airlines, enhancing safety and efficiency through patented hardware products. More details and registration for the conference can be found on their website.

FLYHT Aerospace Solutions Ltd. announced it has achieved the Amazon Web Services (AWS) Travel and Hospitality Competency status, demonstrating technical proficiency in enhancing operational efficiency for airlines. This designation positions FLYHT as a trusted partner within the AWS ecosystem, aiding airlines in modernization efforts through real-time data connectivity that reduces costs and CO2 emissions. Azur Air is a notable customer utilizing FLYHT's solutions for operational visibility. The VP of Sales emphasizes the potential to expand their customer base and enhance ties within the aviation industry in 2022.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has announced a new agreement with Coral Jet to equip its future fleet of seven A319/320 aircraft with AFIRS™ technology and SaaS services from FLYHT's Actionable Intelligence suite. This contract is expected to generate approximately US$760,000 over five years, with potential revenue increases as Coral Jet expands its fleet. Installations are set to begin in Q2 2022. FLYHT aims to support Coral Jet in enhancing operational efficiency and safety, reinforcing fuel management practices essential for their new operations.

FLYHT Aerospace Solutions has announced an enhancement to its AFIRS Edge avionics product through the integration of IoT data capture and real-time connectivity for in-flight aircraft. The incorporation of Iridium Certus technology enables global data coverage, providing access to hundreds of aircraft parameters and IoT sensor data. The new system is expected to be available in early 2022, allowing airlines to enhance operational efficiency and safety. This upgrade expands FLYHT's existing customer base, with over 2,800 equipped aircraft.

FLYHT Aerospace Solutions Ltd. announced a partnership with Frontier Airlines to equip its A320 and A321 aircraft with FLYHT's AFIRS solutions. This agreement, valued at USD $680,000, aims to optimize Frontier's over-water routes by providing real-time fleet information, improving efficiency, and enhancing customer satisfaction. Frontier's commitment to reducing its carbon footprint aligns with FLYHT's mission of delivering actionable insights to airlines. This partnership increases FLYHT's client roster to over 85 airlines globally.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY, OTCQX:FLYLF) announced a request to amend the expiration date and exercise price of 2,667,610 outstanding warrants. The new expiry date is June 15, 2022, with a revised exercise price of $1.25, down from the original $1.75. This amendment follows market changes impacting FLYHT and the aviation sector due to the Covid pandemic, and is subject to approval by the TSX Venture Exchange.

FLYHT Aerospace Solutions Ltd. (TSX-V:FLY, OTCQX:FLYLF) announced key management promotions to enhance its SaaS presence in aviation. Kent Jacobs, a veteran with over 20 years at FLYHT, was promoted to President, while Gurjot Bhullar became VP of Operations, bringing over a decade of experience. The company granted stock options for a total of 100,000 shares to the new executives, subject to approval. Additionally, the investor relations agreement with FNK IR, LLC was amended, with a monthly fee of US$6,000 and further stock options granted.

FLYHT Aerospace Solutions Ltd. reported a strong third quarter for 2021, achieving a 65% increase in revenue to $3,173,331. This marks the first quarterly growth since 2019, driven by significant gains in Licensing and Hardware revenues. The company narrowed its net loss to $1,107,195 thanks to an oversubscribed private placement and improved product offerings, including a strategic acquisition of the Water Vapor Sensing System. FLYHT ended the quarter with a robust cash position of $5,355,302.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has scheduled its third quarter 2021 conference call for November 5, 2021, at 7:30 a.m. MT (9:30 a.m. ET). The call will feature a presentation on Q3 financial results and a Q&A session with Interim CEO Bill Tempany and CFO Alana Forbes. Investors can dial in using the toll-free number 1-800-319-4610 in Canada and the U.S.A, or 1-604-638-5340 internationally. An archive of the call will be available on their website post-event.