Unusual Machines Agrees to Exchange $1M of its Existing Debt for Series C Preferred Shares Convertible at Market Value

August 22, 2024 4:05 PM

Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), an American drone and drone components manufacturer, on August 21, 2024 entered into two exchange agreements (each, an "Exchange Agreement") with existing promissory note holders. These agreements will cancel an aggregate of $1.0 million of the Company's existing $4.0 million indebtedness. In exchange, Unusual Machines issued (i) two new convertible notes in the...

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HEICO Corporation Acquires Leading Provider of Proprietary Aircraft Cockpit Emergency Egress and Aerial Delivery Solutions

August 22, 2024 8:30 AM

SOUTH WINDSOR, CT and MIAMI, FL / ACCESSWIRE / August 22, 2024 / HEICO Corporation (NYSE:HEI.A)(NYSE:HEI) today announced its Flight Support Group has acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems ("Capewell") for cash at closing. Additional financial details were not disclosed.HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.Connecticut-based...

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FLYHT Announces CEO Changes

August 21, 2024 7:00 PM

FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSXV:FLY)(OTCQX:FLYLF) today announced the departure of Mr. Kent Jacobs as President and Interim Chief Executive Officer ("CEO") of the Company, effective immediately. Executive Chair of the Board, Mary McMillan, has been named Interim CEO and will assume the CEO responsibilities, supported by Chief Financial Officer, Alana Forbes, and the Company's executive leadership team. The Board...

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Canada Jetlines Files Notice of Intention Under the Bankruptcy and Insolvency Act (Canada)

August 20, 2024 6:00 PM

Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company") announced that it has filed a Notice of Intention to Make a Proposal (the "Notice of Intention") pursuant to the Bankruptcy and Insolvency Act (Canada) ("BIA"). Pursuant to the Notice of Intention, BDO Canada Limited has been appointed as proposal trustee on behalf of the Company and will assist the Company in its restructuring efforts. Dentons Canada LLP is...

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SPEC Announces Its Latest Generation of ADEP MicroEW Products

August 20, 2024 2:15 PM

SPEC (Systems & Processes Engineering Corporation) is pleased to announce the availability of the ADEPTM 5000 Intelligent EW Engagement System, the latest addition to the ADEPTM MicroEW family of hardened, single module onboard EW products for comprehensive, intelligent EW engagements, airborne threat simulation, and range solutions.5th Generation and Beyond Radar EW Response. SPEC has completed qualification of its ADEPTM 5000 Intelligent EW...

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Volatus Aerospace Corp. Announces Intention To Amend Its Convertible Debentures

August 16, 2024 5:00 PM

TORONTO, ON / ACCESSWIRE / August 16, 2024 / Volatus Aerospace Corp. ("Volatus" or the "Company") (TSXV:VOL)(OCTQB:VLTTF), a leader in the operation of piloted and remotely piloted aircraft systems (drones), announces that, pursuant to TSX Venture Exchange (the "Exchange") Policy 4.1 - Private Placements, the Company has submitted an application to the Exchange for acceptance of an amendment to the terms of the Company's issued and outstanding...

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Japan Buys Two SeaGuardians From GA-ASI

August 15, 2024 5:00 PM

SAN DIEGO, CA / ACCESSWIRE / August 15, 2024 / The Japan Coast Guard (JCG) has signed a contract for the purchase of two SeaGuardian® Remotely Piloted Aircraft (RPA) from General Atomics Aeronautical Systems, Inc. (GA-ASI), scheduled for delivery in 2025. This follows JCG's ongoing Company-Owned, Contractor-Operated agreement with GA-ASI for operating SeaGuardian, which began in April 2022. "Since JCG started operating SeaGuardians, they have...

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Canada Jetlines Provides Corporate Update

August 15, 2024 10:45 AM

Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company") announced today that it will be temporarily ceasing airline operations effective August 15, 2024.The continuing operations of the Company have been dependent upon the Company's ability to raise adequate financing and to grow the airline to the point where it can commence profitable operations. The Company has historically financed its future requirements through...

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Unusual Machines Issues Letter to Shareholders

August 14, 2024 4:10 PM

Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced it filed its 10-Q with the U.S. Securities and Exchange Commission for the second quarter of 2024 and provided the following letter to its shareholders from CEO Allan Evans.Dear Shareholders,This shareholder letter followings the completion of our second quarter of 2024. This represents our first complete...

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SMPL-C(TM) Welcomes Former DHS CISO Kenneth Bible to Board of Advisors

August 14, 2024 8:00 AM

SMPL-C™, a leader in Cybersecurity Compliance with a specialization in the Cybersecurity Maturity Model Certification (CMMC) framework, is excited to announce that Kenneth "Ken" Bible, the recently retired Chief Information Security Officer (CISO) for the US Department of Homeland Security, has joined the company's board of advisors. In this role, Mr. Bible will be instrumental in guiding SMPL-C™'s strategic vision and growth, particularly in...

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FLYHT and NOAA Expand Collaboration to Improve Weather Forecasting

August 14, 2024 7:05 AM

CALGARY, AB / ACCESSWIRE / August 14, 2024 / FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSX-V:FLY)(OTCQX:FLYLF) today announced that the National Oceanic and Atmospheric Administration (NOAA) has exercised an option to purchase additional packages of weather sensors and related technology from FLYHT, valued at approximately US$465,000, as part of its ongoing effort to help the U.S. National Weather Service (NWS) improve weather...

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Solitron Devices, Inc. Announces Fiscal 2025 First Quarter Results

August 13, 2024 4:00 PM

Solitron Devices, Inc. (OTC Pink:SODI) ("Solitron" or the "Company") is pleased to announce fiscal 2025 first quarter results.FISCAL 2025 FIRST QUARTER HIGHLIGHTSNet sales increased 95% to approximately $3.97 million versus $2.04 million in the prior year period.Net bookings decreased 42% to $2.04 million versus $3.54 million in the prior year period.Backlog increased 3% to $9.41 million at the end of the fiscal 2025 first quarter as compared to...

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HEICO Corporation Announces Regular Quarterly Conference Call

August 13, 2024 3:05 PM

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / August 13, 2024 / On August 26, 2024 after the NYSE closing, HEICO Corporation (NYSE: HEI.A)(NYSE:HEI) will release its financial results for the third quarter ended July 31, 2024. The earnings release will be available through the Internet on the Company's website at https://www.heico.com.In order to assist interested parties in scheduling their participation in HEICO teleconferences, the Company...

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Loar Holdings Inc. Reports Q2 2024 Results and Upward Revision to Guidance

August 13, 2024 8:00 AM

WHITE PLAINS, NY / ACCESSWIRE / August 13, 2024 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the second quarter of 2024.Second Quarter 2024Net sales of $97.0 million, up 31.1% versus the prior year's quarter.Net income for Q2 2024 was $7.6 million, up $7.0 million as compared to the prior year's quarter.Earnings per share of $0.09.Adjusted EBITDA of $35.0 million, up 26.3% over the...

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FLYHT Schedules Second Quarter 2024 Conference Call

August 12, 2024 6:00 PM

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") today announced that it will host a conference call to discuss the results for the second quarter of 2024, the period ended June 30, 2024, on Thursday, August 29, 2024 at 7:30 a.m. MT (9:30 a.m. ET). The conference call will include prepared remarks followed by a question-and-answer session with Kent Jacobs, President & Interim CEO and Alana Forbes, CFO.To access...

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Canada Jetlines Provides Corporate Update

August 12, 2024 5:45 PM

Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company") announced today that Ms. Brigitte Goersch, Mr. Ryan Goepel, Ms. Beth Horowitz and Mr. Shawn Klerer have resigned. Ms. Brigitte Goersch has also resigned as Chief Executive Officer.The continuing operations of the Company have been dependent upon the Company's ability to raise adequate financing and to grow the airline to the point where it can commence profitable...

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Travis Manion Foundation Equips 3,000 Students With Character Education and School Supplies Through Back to School Character Days Initiative

August 12, 2024 10:45 AM

DOYLESTOWN, PA / ACCESSWIRE / August 12, 2024 / Travis Manion Foundation (TMF), one of the nation's leading veteran service organizations, will host Back to School Character Days in 70 communities throughout the month of August. Through this annual, nationwide event, TMF Veteran Mentors provide a day of character education and a free backpack of school supplies to thousands of students as they prepare for the new school year. The events help...

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Skyway and the Edge Company Explore AI-Solutions for Wildlife Protection in Modern Air Mobility

August 12, 2024 9:00 AM

OAKLAND, CA / ACCESSWIRE / August 12, 2024 / Skyway, a leader in advanced air mobility infrastructure, and The Edge Company, specializing in AI-integrated technologies and neural network solutions, engage in an exploratory collaboration to prevent wildlife encounters in urban air mobility. With passenger-carrying eVTOL flights looming in the not-too-distant future, Skyway sees The Edge Co. toolset as a valuable addition to its Air Traffic...

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Unusual Machines to Host Q2 Earnings Call and Provide Corporate Update on Wednesday August 14, 2024

August 9, 2024 4:30 PM

ORLANDO, FL / ACCESSWIRE / August 9, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) (the "Company"), a leader in the American drone industry, will host a webcast on Wednesday, August 14, at 4:30 p.m. ET to discuss the Company's operational and financial highlights for the second quarter ended June 30, 2024. A question-and-answer session will follow management's prepared remarks.Event:Unusual Machines Second Quarter 2024 Financial Results...

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David McComas Selected as Hui Huliau Chief Operating Officer

August 9, 2024 7:00 AM

WAIANAE, HI / ACCESSWIRE / August 9, 2024 / Hui Huliau announced today that David McComas has been selected as Chief Operating Officer (COO). McComas is responsible for the implementation, execution, and performance of customer requirements and obligations across the Hui Huliau family of companies.Hui Huliau logo Hui Huliau logo McComas previously served as Hui Huliau's Vice President of Operations, Atlantic Division, and as COO of AC4S prior to...

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