Sierra Nevada Corporation and FLYHT Announce Renewed Strategic Relationship

CALGARY, ALBERTA—(Marketwired – June 19, 2014) – Sierra Nevada Corporation (“SNC”) and FLYHT Aerospace Solutions Ltd., (TSX VENTURE:FLY) (“FLYHT”) are pleased to announce that the companies have renewed their strategic relationship by updating their license and manufacturing agreement and adding a value-added reseller agreement.

The relationship involves FLYHT’s Automated Flight Information Reporting System, or AFIRS™ product and services. The AFIRS system operates on multiple aircraft types and provides functions including aircraft position, on-demand streaming of black box data, voice and text messaging, and data collection and transmission. AFIRS sends that information to its companion, UpTime™, the ground service product, which stores and transfers the data to the customer in real time. Aircraft operators can use this information to increase safety, improve service, and enhance profitability.

FLYHT will continue to lead sales and service activities in all civil aviation markets, and SNC will lead sales in the United States and NATO military and government manned and unmanned aircraft markets.

“We are pleased and excited to renew our relationship with FLYHT. We believe that the need for AFIRS in the military and government aircraft industry is significant and the multi-feature offering of the AFIRS unit is critical in today’s budget-constrained environment. AFIRS’ can improve the efficiencies of operating and maintaining aircraft while also reducing the operation and maintenance cost and improving flight safety.” said Greg Cox, corporate vice president for SNC’s Communication, Navigation and Surveillance/Air Traffic Management business area.

“We look forward to a long and mutually beneficial relationship with SNC,” said Bill Tempany, CEO of FLYHT. “We are truly motivated by reframing our relationship with SNC in a way that will see both companies thrive from the work we have done on AFIRS. We are particularly excited to have SNC as a strong partner to bring the benefits of AFIRS to both the military and unmanned aircraft marketplaces which would otherwise be out of reach for our company.”