Flyht Works to Speed Aviation Industry Recovery with New Actionable Intelligence Suite of Applications
16 September 2020 - 9:04PM
FLYHT Aerospace Solutions Ltd. (TSX-V: FLY)
(OTCQX: FLYLF) (the “Company” or “Flyht”) today announced that the
Company has developed and is delivering phase one of the Actionable
Intelligence suite of SaaS applications. These developments will
enable Flyht to combine its proven history of collecting, analysing
and reporting aircraft operational data with IBM Watson Knowledge
Catalog and IBM Cloud Pak for Data to enhance efficiency, cost and
the goal of on time operations for clients like China Express
Airlines, Swoop Airlines and its other global
customers.
Flyht currently has more than 2,800 aircraft
equipped with the patented AFIRSTM system, and provides data
analytics and reporting to more than 80 aircraft operators around
the globe. The operation supports airlines 24/7 as they face
challenges presented by weather, technical or air traffic delays,
safety and regulatory changes, economic swings, and even the
current pandemic.
For over 20 years Flyht has helped its customers
manage operations and control costs with both airborne and ground
solutions. The new solution, Actionable Intelligence, uses real
time data capabilities to create profit-driving actions rather than
simply recording history and showing where money was lost. The
solution assists airlines with analyzing and optimizing flight
planning operations to improve efficiency, cost, and the goal of on
time operations for its customers. Combined with the power of
AFIRS, the solution incorporates real time alerting on events that
might cause delays if not actioned in a timely manner. Flyht’s
customers currently project that the investment of $5 million in
airborne hardware will deliver $40 million in annual profit
enhancement, producing a one-year return on investment of 800
percent.
Actionable Intelligence runs on IBM Cloud Pak
for Data, an integrated set of data and AI capabilities built on
Red Hat OpenShift, that enables the solution to request immediate
action to reduce time and costs associated with turnaround of an
aircraft. Using IBM Watson Knowledge Catalog enables Flyht to use
machine learning to expand these capabilities over time to become
faster and more accurate in providing the profit enhancing
opportunities.
Bill Tempany, Interim CEO of Flyht, says that
“the solutions that are being delivered in conjunction with our
launch technology partner airlines will revolutionize the way the
airlines manage their businesses, satisfy their customers and
adjust to the new reality that will evolve as the industry recovers
from the pandemic. We are proud to be doing work to help the
aviation industry recover from the unprecedented events of
2020.”
Charles Duncan, President of Swoop stated that
“the power of the Watson tools along with real time data from our
aircraft integrated with our existing ground based applications
give Swoop the opportunity to be the industry leader in Actionable
Intelligence. We are confident that our partnership with Flyht and
IBM will have long lasting positive effects on our profits and how
we operate our business.”
China Express Airlines stated that “Flyht is a
valued technology partner. We already have AFIRS installed on our
CRJ and A320 fleets and look forward to the ability to have
Actionable Intelligence delivered on our enabled aircraft.”
Flyht announced a refreshed group of products
and services at their AGM on June 23, 2020 that included the use of
state of the art technologies as an IBM Business Partner that will
help Flyht’s customers lead the recovery of the industry.
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, visit www.flyht.com.
Contact Information:
FLYHT Aerospace Solutions Ltd. |
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FNK IR LLC |
Alana Forbes |
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Matt Chesler, CFA |
Chief Financial Officer |
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Investor Relations |
403.291.7437 |
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646.809.2183 |
aforbes@flyht.com |
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flyht@fnkir.com |
investors@flyht.com |
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