"FLYHT's Automated Flight Information Reporting System can also stream black box data in emergencies, providing a possible model for the talks under way by aviation officials."
March 24, 2014
FLYHT Updates Media Coverage
Calgary, AB - FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) ("FLYHT") management has received requests from national and international media to give numerous interviews over the past two weeks regarding the company's Automated Flight Information Reporting System ("AFIRS™") technology and its capabilities.
Many of our shareholders have requested information and access to these media items and thus we have published a list of interviews and articles in which FLYHT management appeared or was quoted. Visit the FLYHT website for links to the coverage, which we will keep updated.
More information about the real-time data streaming program, FLYHTStream™ can be found at http://flyht.com/solutions/flyhtstream/.
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.
FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
Chief Financial Officer
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Hi AJ, may I ask how you found out about this company??
Hi HD, nice to have on board..been following since early 2013 when I set up this board, but only bought in in the low 40's. This price is still cheap, all we need a mandate from congress and this will shoot up to who knows...
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Flyht Surges After Malaysia Jet Raises Black Box Concern
By Hugo Miller Mar 12, 2014 2:27 PM PT
Flyht Aerospace Solutions Ltd. (FLY), a Canadian maker of real-time flight-data recorders, has surged 30 percent this week as the disappearance of a Malaysia Airlines jet highlights shortcomings of conventional black boxes.
Flyht Aerospace rose 11 percent to 73 Canadian cents at the 4 p.m. close in Toronto, up from 56 cents on March 7. The Calgary-based company has more than tripled in the past 12 months, lifting its market value to C$116 million ($104 million).
The jet operated by Malaysian Airline System Bhd. (MAS) with 239 people on board disappeared from radar about an hour after takeoff from Kuala Lumpur on March 8 en route to Beijing. Onboard data recorders like those on the Malaysian jet store information collected in flight, so the units must be recovered to give investigators the fullest picture of what went wrong in an accident.
Airlines are looking for alternatives in the wake of the fatal Air-France (AF) jet crash over the Atlantic in 2009 where it took investigators almost two years to find the black box at the bottom of the ocean, and now the Malaysia jet disappearance. Flyht offers a compelling alternative, said Dev Bhangui, analyst at Byron Capital Markets Ltd. in Toronto. He is one of three analysts who track the company who all rate it a buy.
“Authorities in aerospace move at a glacial pace,” Bhangui said by phone. “It’s only very recently that the authorities have jumped on this. After the Air France disaster, this has come into high profile and obviously the Malaysian Airlines incident is going to bring it to a head.”
Flyht’s technology can automatically transmit data back to the ground the moment a plane diverts from its flight path or exhibits other unusual behavior, Flyht Chief Executive Officer Bill Tempany said in a telephone interview today.
The software is not yet authorized to be used onboard as aviation regulators debate what the criteria should be for a trigger and how the data is transmitted, he said. Once that’s decided, the installation would be “weeks away” as it can be done through a software upgrade, he said.
Flyht’s AFIRS hardware box generates non-emergency, mechanical information about the jet back to flight maintenance crews in real-time, saving up to $100,000 a year in maintenance and flight turnaround costs, said Tempany. The cost of installing the hardware in an existing jet is less than $100,000 and can be done in a few days.
The AFIRS system is currently in use on about 300 aircraft worldwide and new customers include NetJets Inc., the jet charter company owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), which now uses it on its European operations, said Tempany. The hardware was not on board the missing Malaysian flight, he said.
Installation of the first dozen units is underway with a major aircraft manufacturer, or original equipment manufacturer, Tempany said, declining to name it.
“The opportunities we’ve been working on for many years are coming to fruition,” he said. “We’re getting there with the OEMS to do factory installs and that’s a huge hurdle for a company of our size to get over.”
Flyht Aerospace’s U.S. competitors include Teledyne Technologies Inc. (TDY) and Avionica Inc., Bhangui said.
Flyht’s business model is a good one as once installed, its technology creates steady, high-margin subscriber revenue, said Bhangui who has a 12-month price target on the stock of C$1.25.
“It’s like HP,” he said, referring to Hewlett-Packard Co. “It’s not the printer, it’s the ink. They’re after the recurring revenue.”
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Naser Iqbal, analyst with Salman Partners, said on Monday he was initiating coverage of Flyht, bringing the total number of analysts covering the stock to three.
“The addressable market and opportunity for Flyht is tremendous,” Mr. Iqbal said. “The company has a small market penetration in each of the aircraft market segments that it serves, ranging in market share (based on our analysis) from 0.5% to 2.4%. Thus, we believe that Flyht is underpenetrated and there exists a significant potential for further sales growth of the company’s products.”
The three analysts who cover the company rate the stock as a buy, but they range from Mr. Iqbal’s speculative buy to a strong buy by Dev Bhangui of Byron Capital Markets in Toronto. Mr. Iqbal currently has a 12-month price target on the company of 85¢ a share.
Yeah, I agree, not the best explanation or presentation in the videos so far, but at least the company is getting some media coverage.
Hi Envi, ran out of posts last night, a lot more articles/vids will be coming out about this. Bill is the one that should be out there all over CNN/CNBC and other stations to talk about this tech, this guys in the vid wasn't very good at explaining the tech.
Malaysia 370 adds to 'Live Black Box' debate:
Richard Hayden, FLYHT Aerospace Solutions Director, explains how an airplane's "black box" functions and what kind of data it supplies.
It's the second video from the top of the page at:
Thanks for the info., obviously wish it was under better circumstances, but let's face it live black boxes should be required on all passenger airplanes. Looks like we are, and will be even more, moving in that direction. Keep feeding the information, and I will look out for it too.
Missing Malaysia Jet Adds Fuel to 'Live Black Box' Debate
The segment on CNN, they mentioned that the technology(didn't name by name) was available, but that airlines didn't want to spend the money to retrofit the planes, but that this crash would probably change that..
Coming up on CNN Wolf will be talking about "Live Black Boxes", I wonder what they are!?
I have a pretty nice chunk and the stock is up a nice 10% this morning, on a red day for the market. Let's hope this momentum continues.
Are you happy with what you have?? I got another 6k this morning between 53/4..looking to get more, this crash is going to alert a lot of people to this technology..
Bill should be all over CNBC/CNN explaining this tech, no one seems to know that AFIRS exists. Everyone seems to be surprised that in this day in age, there isn't better tech to track planes in the air..We need a better PR firm, I have to check to see if we even have one since the person responding to emails is Tom French the the company's CFO.
Yeah, it is crazy that in this day and age of advanced technology, satellites, and communication a plane can drop out of the sky and we may never no the cause or be able to recover the bodies. I had no idea how backward the airline industry was until learning about what Flyht offers, and the fact that something like this hasn't been in all passenger planes for years.
It's a shame that it takes what happened to that Malaysia crash to bring attention to the need of this companies technology, but maybe this will give a boost to this stock..
Last CC I heard was 2013 Q3 in November, and that was impressive.
From my understanding, there are no real competitors for the equipment and service FLYHT provides. That seems shocking to me in an industry where maximizing plane usage, performing all the required maintenance efficiently, and trying to save fuel has huge effects on the bottom line. What's your opinion on a bigger player, with much bigger resources, jumping in at some point to compete with them? I know there is a huge time commitment to get this equipment approved by the regulatory agencies for each airplane, is that enough of a deterrent?
Yeap, seems like you have a good handle on what's going on. Did you listen to the last CC?? It was pretty impressive.
I first read about it in a Seeking Alpha article, did some additional research and liked what I saw. I'm very new to investing in stocks and don't delve heavily into the financials and track chart patterns, etc. but I really like what this company is trying to do: the future demand for this product; the high barrier for entry of competitors; China's future mandate for satellite communications for all aircraft; the major players they have sold equipment to, and a slew of other reasons. So hopefully this turns into something. In the meantime I need to start reading up on understanding the financials, and the other boring stuff.
Saw that, there was another today. How did you find out about this company??