FLYHT's CrossConsense Secures Additional Contracts for Aircraft Data Migration

CALGARY, AB / ACCESSWIRE / July 18, 2024 / FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSXV:FLY)(OTCQX:FLYLF) today announced that its wholly owned subsidiary, CrossConsense GmbH & Co. KG ("CrossConsense") has secured two new contracts, demonstrating the growing demand for its MRO services offering.

The first contract is an expansion of CrossConsense's relationship with a leading management consultancy, first announced in September 2023, in which CrossConsense is managing an aircraft data migration project for one of the consultancy's airline clients, a large flag carrier in Europe.

The second contract is with a global leader in the logistics industry, specializing in international shipping, courier services and transportation. CrossConsense has been chosen to collaborate on the design phase of a large data migration project for the company, which may evolve to future phases, implementation and other services.

"While we often focus on FLYHT's large opportunities in 5G aviation and weather solutions, these recent contract wins by CrossConsense highlight that AMOS support and data migration are additional important growth levers for our company," said Kent Jacobs, President and Interim CEO. "We are proud of CrossConsense's accomplishments, which are a testament to the hard work and dedication of Axel and the entire CrossConsense team."

Added Axel Christ, Managing Director of CrossConsense, "Handling complex data processes with precision and efficiency is at the heart of what we do and what sets us apart in the competitive aviation market. We are grateful that existing and new customers are increasingly recognizing our deep industry knowledge, innovative approach, and unparalleled customer support."

CrossConsense supports the aviation industry with its expertise in the application and utilization of SWISS AviationSoftware's comprehensive Aircraft Maintenance and Engineering Operating System ("AMOS") software solution. With a profound understanding of airline maintenance operations and supporting Maintenance, Repair, and Overhaul ("MRO") products, the company offers a range of solutions in this market including maintenance, engineering, and logistics solutions, as well as data migration, business intelligence, customization, and consulting services. Core offerings include: AMOS Support, AMOS Hosting & Operation, Aircraft Fleet View (app for real-time insights into an airline's fleet status), Aircraft Condition and Status Information System (ACSIS), and Aviation Data Warehouse (Aviation DW).

The combination of these two contracts is valued at approximately €300,000, expected to be delivered by the end of 2024.

About FLYHT Aerospace Solutions Ltd.

FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products, AFIRS™. Solutions include an aircraft satcom/interface device that enables cockpit voice communications, transmission of aircraft data both while inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. FLYHT's hardware products can also be interfaced with FLYHT's proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. For more information, visit www.flyht.com.

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SOURCE: FLYHT Aerospace Solutions Ltd.