FLYHT Announces Leadership Changes to Accelerate SaaS Growth Strategy

Calgary, Alberta, CANADA


CALGARY, Alberta, Dec. 02, 2020 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) announced today that it named new leaders as part of the Company’s continued strategy to drive greater growth in SaaS with the deployment of its Actionable Intelligence platform. The Company also announced that Matieu Plamondon, Chief Operating Officer, is leaving to start a new chapter of his career.

This fall FLYHT introduced the Actionable Intelligence suite of SaaS applications designed to provide real-time insights to help the global commercial aviation industry operate more efficiently and profitably as it recovers from the global pandemic and beyond. This solution set leverages the Company's proven history of collecting, analyzing and reporting aircraft operational data in real-time. FLYHT has been executing on this plan throughout the pandemic with our launch customers.

“I’ve never been more excited about our current and future position within the aviation and software industries,” said Interim CEO Bill Tempany. “We have the right strategy, the right technology, and of course the right talent and partners in order to deliver measurable savings to airlines around the world.”

FLYHT announced the following changes to the executive leadership team:

  • Derek Graham, current Chief Technology Officer, will become VP of Business Development to focus on nurturing strategic partnerships with other suppliers of specialty products and services to the aviation industry. Graham brings significant experience in product development through collaboration which will be instrumental as FLYHT continues to bolster the Actionable Intelligence offering with integration to other sources of critical ground and airport data. “The silver lining of the pandemic is that it is creating new opportunities for collaboration that will increase the value of our organic offerings,” said Derek. “Innovation will be key to post-pandemic growth opportunities.”
  • Darrel Deane, a key member contributing to the Company’s success since 2012 as an architect of its innovative technology, has been promoted to VP Solutions. In his expanded role, Deane will sharpen the Company’s focus of resources on its SaaS offerings and transform the legacy applications to Actionable Intelligence. “Our team has a great balance of airline subject matter experts, product management, and superb technical knowledge. Applying this expertise together with IoT and cloud technologies will ensure our customers unlock previously untapped value in their operations. Our launch AI technology partners will soon be rewarded with the first of many value driven releases that will result in improved profitability across their operations,” said Darrel. “I’m excited to take on a new leadership role in this journey.”
  • Matieu Plamondon leaves FLYHT after six years of increasing operational responsibility, most recently as Chief Operating Officer. During his time at FLYHT, Plamondon fostered a collaborative working environment and developed a deep and strong bench of operational talent. “We have a very strong management team that will ensure the seamless day to day operation of the business and the team is well equipped to support the exciting new direction of the company,” said Matieu. “While leaving a company is never easy, the current strength of the organization helped me make this difficult decision. FLYHT is well positioned to help airlines turn things around post COVID with Actionable Intelligence.” Matieu’s departure will be effective December 31, 2020.

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 view our latest presentation here, or, visit www.flyht.com

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 

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