Tuesday, 30 July 2013

FLYHT – Two in Two Weeks – Another Key Approval Secured

FLYHT Aerospace Solutions Ltd. 
TSX Venture: FLY  
Shares Issued: 142.5 million  
Fully Diluted: 182.1 million

News hit the wire today that FLYHT has secured the nod from the second of two organizations that are central to approving or certifying communication technologies for the airline industry. In short, without the checkmark, FLYHT could not have even thought about mass scale commercialization of its new AFIRS 228 technology.  

ARINC Incorporated (http://www.arinc.com/) has certified the AFIRS 228 to use the Iridium satellite system for ACARS messaging over the ARINC network. 

ACARS or Aircraft Communications Addressing and Reporting System is what is utilized by major airlines throughout North America and much of Europe. FLYHT is aiming to technologically enhance the entire system based on an important point as stated in the news release, “the ACARS aviation protocol was developed in the 1950’s”.

As such,
  • FLYHT has a long standing business relationship with Iridium,
  • Iridium’s satellite system ensures FLYHT has a global reach for its technology,
  • Iridium is now approved for messaging/data transmissions versus old VHF technology,
  • FLYHT’s new AFIRS 228 real-time monitoring and reporting technology compliments the aging ACARS system,
  • This new certification opens up mass marketing opportunities.
See today’s news release, click here.

July has been a productive month for FLYHT. It was on the nineteenth that the company announced a key approval from SITA that was critical to the FLYHT- L3 – Airbus relationship. FLYHT is looking to Q4 of this year for Airbus to begin factory installations of the 228 technology.  SITA is a large information technology company that provides IT and telecommunication services to the air transport industry  

See the SITA blog, click here.