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FLYHT Signs Master Service Agreement With Jabil

FLYHT Signs Master Service Agreement With Jabil 
CALGARY, ALBERTA -- (Marketwire) -- 01/07/13 -- FLYHT Aerospace
Solutions Ltd. (TSX VENTURE:FLY) ("FLYHT") today announced that it
has executed an agreement with Jabil Defense and Aerospace Services,
a wholly-owned subsidiary of Jabil Circuit, Inc. (NYSE:JBL), to
manufacture the AFIRS 228 product line.  
AFIRS 228 is FLYHT's next-generation flagship product. It will
provide a fully certified avionics platform capable of meeting all
air navigation communications requirements in Europe, the United
States and other jurisdictions around the world. It will also provide
the input and outputs necessary to enhance the value of real-time
data for FLYHT's customers globally. The AFIRS 228 will be the first
safety services certified platform on the planet to provide black box
data streaming via FLYHTStream(TM), FLYHT's patent pending solution.  
Jabil Defense and Aerospace will begin manufacturing the AFIRS 228B
for FLYHT customers globally in the first quarter of 2013 and the
AFIRS 228S soon thereafter. Bill Tempany, President and CEO of FLYHT
stated: "We are very excited to have a global leader in the
manufacture of avionics products be our partner in the production of
our flagship product. We are working on the certification required by
Transport Canada to have product delivered directly from the Jabil
manufacturing facility to our end-customers and are looking forward
to the streamlining of our processes."  
While this agreement is anticipated to result in reduced
manufacturing and inventory carrying costs, the major catalyst is
management's expectation of accelerated demand for AFRIS units in
2013.  
Mr. Tempany added that "we know Jabil has the global production
volumes to obtain preferred pricing and reduced lead times for our
products and meet our anticipated volume needs. Information we have
been provided indicates that we should expect approximately 25% of
the annual Airbus A320 production through factory fit and retrofit
installs will require AFIRS units. In order to meet that demand in
combination with the ongoing expansion of our customer base, a higher
volume production facility needed to be in place."  
Scott Gebicke, President of Jabil Defense & Aerospace Services and VP
Global Business Units, said, "FLYHT and the AFIRS product represent a
disruptive innovation that can transform avionics data management and
dissemination. We are proud to help FLYHT deliver the highest quality
certified product to its growing customer base and will continue to
support them in the development and delivery of their product
family."  
FLYHT's recent announcements featuring L3, Nigeria and new customers
foretells the growth FLYHT expects to see and this relationship will
allow FLYHT to meet the product demand, regardless of where in the
world that demand comes from.  
About FLYHT Aerospace Solutions Ltd.  
FLYHT provides proprietary technological products and services
designed to reduce costs and improve efficiencies in the airline
industry. The Company has patented and commercialized three products
and associated services currently marketed to airlines, manufacturers
and maintenance organizations around the world. Its premier
technology, AFIRS(TM) UpTime(TM), allows airlines to monitor and
manage aircraft operations anywhere, anytime, in real time. If an
aircraft encounters an emergency, FLYHT's triggered data streaming
mode, FLYHTStream(TM), automatically streams vital data, normally
secured in the black box, to designated sites on the ground in
real-time. In May 2012 the trading symbol was changed from AMA to FLY
in conjunction with a name change from AeroMechanical Services Ltd.
to FLYHT Aerospace Solutions Ltd. AFIRS, UpTime, FLYHT, FLYHTStream
and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd. 
About Jabil Defense and Aerospace Services 
Jabil Defense and Aerospace Services is a wholly-owned subsidiary of
Jabil Circuit, Inc., a leading electronic product solutions provider,
offering defense and aerospace industry-focused electronic design and
manufacturing services. Jabil Defense and Aerospace Services
expertise includes rapid prototyping, compressed timelines for
design-to-market production, programs and tools to mitigate E&O risk,
highly motivated and responsive customer focused workcells, and
industry experience and reputation. Jabil helps bring electronics
products to the market faster and more cost effectively by providing
complete product supply chain management around the world. Jabil
provides comprehensive, customer-focused solutions to a broad range
of industries. Jabil common stock is traded on the New York Stock
Exchange under the symbol, "JBL". Further information is available on
the company's website: jabil.com. 
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www.flyht.com   
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. 
Contacts:
FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
VP Finance and CFO
403-291-7427
tfrench@flyht.com 
FLYHT Investor Relations
The Howard Group Inc.
Dave Burwell
Senior Associate
(888) or (403)-221-0915 
Jabil Investor Relations & Media Contact:
Beth Walters
Senior Vice President, Communications & Investor Relations
Jabil Circuit, Inc.
(727) 803-3511
beth_walters@jabil.com
 
 
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