FLYHT Bolsters
Commercial Leadership Team
Scott
Chambers named VP Sales and Marketing and Murray Skelton named VP
Business Development
Calgary, Alberta, Canada --
September 13, 2022 -- InvestorsHub NewsWire -- FLYHT Aerospace
Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the "Company" or "FLYHT") today
announced two additions to its leadership team effective September
1, 2022. Both additions bring significant experience and expertise
to its commercial organization and improve the Company's
go-to-market position.
-
Scott Chambers has
been named Vice President Sales and Marketing. Scott brings over a
quarter of a century of aviation sales and market experience, most
recently as Director of Sales, Americas at Teledyne
Controls.
-
Murray Skelton has been
named Vice President Business Development.
Murray adds 23 years of
aviation product development, marketing and direct sales
experience. He formerly served as Senior Director of
Business
Development and
headed the EMEA (Europe, Middle East, Africa) sales effort for the
last two years at Teledyne Controls. He brings a wealth of customer
and market knowledge to FLYHT through more than two decades of
aviation experience in product development, direct marketing and a
proven sales record.
Bill Tempany, Chief
Executive Officer of FLYHT, stated, "Attracting the caliber of
individuals such as Scott and Murray to our organization is
important, occurring at a critical time as the aviation industry
continues to recover and as FLYHT asserts its growing prominent
position. As we execute on our U.S. and European sales growth
strategy, we are building a team of highly experienced industry
executives and these two new team members are an invaluable
addition."
Mr. Chambers commented,
"FLYHT has tremendous potential, between its technology, products
and people, and I look forward to collaborating with the entire
team to convert that potential into a reality."
Mr. Skelton added, "The team
at FLYHT are innovative, motivated and with new products launching
in the market very soon, I am excited about the prospects. It is
also going to be great working with former colleagues
again."
Derek Taylor will transition
from VP Sales and Marketing to VP Strategic Opportunities. This
change for Mr. Taylor will allow him to focus more directly on the
types of opportunities that he has so successfully closed for FLYHT
in the past. "As FLYHT expands our Sales team, working closely with
Scott and Murray represents an opportunity for FLYHT to engage the
industry in a powerful way. I am excited to welcome them to our
team and to begin working together."
In keeping with previous
practice, FLYHT has granted incentive options for an aggregate of
40,000 common shares, subject to regulatory approval under the
stock option plan approved at the Annual and Special Meeting held
on May 4, 2022. The stock options are exercisable at a price of
$0.82 per share. These options will vest 1/3 on each of August 10,
2023, 2024 and 2025, and will expire on August 10, 2026. A maximum
of 10% of the issued and outstanding shares are reserved under the
Company's stock option plan. The options, and any common
shares issued upon exercise of the stock options, are subject to a
four-month resale restriction.
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. These include
AFIRS™, an aircraft satcom/interface device, which enables cockpit
voice communications, real-time aircraft state analysis, and the
transmission of aircraft data while inflight. The AFIRS Edge is a
state-of-the-art 5G Wireless Quick Access Recorder (WQAR), Aircraft
Interface Device (AID), and Aircraft Condition and Monitoring
System (ACMS). The Edge can be interfaced with FLYHT's TAMDAR probe
or the FLYHT-WVSS-II relative humidity sensor to deliver airborne
weather and humidity data in real-time.
CrossConsense, FLYHT's wholly
owned subsidiary, offers highly skilled services to the commercial
aviation industry and provides preventative maintenance solutions.
These include Aircraft Fleet View, a native application that gives
a real-time view of airline fleet status; AviationDW, a managed
data warehouse for enhanced business intelligence; and ACSIS, a
visualization and predictive maintenance alerting
tool.
FLYHT is headquartered in
Calgary, Canada, and is an AS9100 Quality registered company.
CrossConsense, located in Frankfurt, Germany, is an ISO9001
certified operation. For more information,
visit www.flyht.com.
Contact
Information:
FLYHT Aerospace Solutions
Ltd. FNK IR
LLC
Alana Forbes Matt Chesler,
CFA
Chief Financial
Officer Investor
Relations
403.291.7437 646.809.2183
aforbes@flyht.com flyht@fnkir.com
investors@flyht.com
Cautionary Note Regarding
Forward-Looking Statements
Except for statements of
historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. In particular, forward-looking information in this
press release includes, but is not limited to, statements with
respect to the anticipated/projected revenues and related matters.
Although FLYHT believes that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. FLYHT
cannot guarantee future results, performance, or achievements.
Consequently, there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in
the forward-looking information.
Forward-looking information
is based on the opinions and estimates of management at the date
the statements are made and are founded on the basis of
expectations, assumptions and hypotheses made by the Company,
including, but not limited to projected revenues. Such
forward-looking information is subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those anticipated in the
forward-looking information. Some of the risks and other factors
that could cause the results to differ materially from those
expressed in the forward-looking information include but are not
limited to: global economic conditions; industry conditions, and
supply chain delays. Readers are cautioned that this list of risk
factors should not be construed as exhaustive.
The forward-looking
information contained in this news release is expressly qualified
by this cautionary statement. FLYHT undertakes no duty to update
any of the forward-looking information to conform such information
to actual results or to changes in our expectations except as
otherwise required by applicable securities legislation. Readers
are cautioned not to place undue reliance on forward-looking
information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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