Aerospace & Defense

FLYHT Announces a $5 Million Unsecured Debenture Arrangement

May 29, 2024 6:30 PM

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") is pleased to announce that the Company has executed an unsecured debenture in the principal amount of $5,000,000 (the "Debenture") with Pinnacle Island II LP (the "Lender"), an unrelated third-party lender. The additional capital is expected to provide significant financial resources for the Company to pursue additional Supplemental Type (STC) certifications and...

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FLYHT Reports First Quarter 2024 Results

May 29, 2024 6:05 PM

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) (the "Company" or "FLYHT") today reported financial results for the first quarter ended March 31, 2024 ("Q1 2024"). All figures are Canadian dollars unless otherwise stated. Three Months Ended March 31 2024 2023 Variance Revenue 4,790,594 4,757,230 1 % SaaS 2,763,716 2,413,200 15 % Hardware 663,532 1,771,445 -63 % Licensing 79,159 8,737 806 % Technical Services ...

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Cubic Awarded NAVAIR Contract to Provide Secure Live Virtual and Constructive Advanced Training Environment (SLATE)

May 29, 2024 9:00 AM

Ensuring combat readiness for the warfighter: ‘Train Like you Fight' SAN DIEGO, CA / ACCESSWIRE / May 29, 2024 / Cubic Defense, the world's leading provider of advanced air combat training, is awarded a contract modification with Naval Air Systems Command (NAVAIR) to provide engineering support services for a demonstration in Guam, Valiant Shield ‘24. Fighter pilots train as they fight with Secure Live Virtual and Constructive Advanced Training...

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Volatus Aerospace and Mitsubishi Electric US, Inc. to Collaborate for Logistics Operations Management

May 29, 2024 7:45 AM

TORONTO, ON / ACCESSWIRE / May 29, 2024 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company") announces a collaboration with Mitsubishi Electric US, Inc. to use their AnyMile™ drone-based, logistics operations management platform to provide end-to-end logistics management to scale. Later this year, the two companies will work together on a funded trial to provide logistics and deliveries to offshore oil rigs. Subject to...

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Volatus Releases Q1 2024 Financial Results and Provides General Corporate Update

May 28, 2024 4:30 PM

TORONTO, ON / ACCESSWIRE / May 28, 2024 / Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) ("Volatus" or "the Company"), a leader in the aerial intelligence industry, is pleased to announce its financial results for the three months ended March 31, 2024. The Company generated revenues of $6,623,741 for the three months ended Mar 31, 2024, with a 34% gross margin, and adjusted EBITDA improvement of $378,215 between Q1 2023 and Q1 2024. Q1 2024...

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HEICO Corporation Reports Record Net Sales (Up 39%), Operating Income (Up 33%) and Net Income (Up 17%) for the Second Quarter of Fiscal 2024

May 28, 2024 4:15 PM

HOLLYWOOD, FL and MIAMI, FL / ACCESSWIRE / May 28, 2024 / HEICO CORPORATION (NYSE:HEI.A)(NYSE:HEI) today reported an increase in net income of 17% to a record $123.1 million, or $.88 per diluted share, in the second quarter of fiscal 2024, up from $105.1 million, or $.76 per diluted share, in the second quarter of fiscal 2023. Net income increased 20% to a record $237.8 million, or $1.70 per diluted share, in the first six months of fiscal 2024,...

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Quantum Entanglement in Neurons: Researcher Ali Karakuş Proposes Using Quantum Entanglement to Rejuvenate Neurons

May 27, 2024 9:00 AM

Ali Karakuş hypothesizes that quantum entanglement in nucleotides and cryptochromes, followed by their reinjection into neurons, can enhance neuronal repair. Additionally, exposing these entangled particles to space conditions might amplify these effects. ISTANBUL, TURKEY / ACCESSWIRE / May 27, 2024 / In a groundbreaking study, quantum and neuroscience researcher Ali Karakuş proposes a novel approach to rejuvenate and repair brain neurons using...

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Neuroscience and Quantum Researcher Ali Karakus Aims to Slow Aging of Brain and Facial Cells Using Principles of Quantum Entanglement and Space-Time Dilation

May 25, 2024 9:00 AM

Ali Karakus' Innovative Project Aims to Slow Aging of Brain and Facial Cells, Leading to the Foundation of a Private Deep Tech Institute in Istanbul ISTANBUL, TURKEY / ACCESSWIRE / May 25, 2024 / In a groundbreaking research project, Turkish neuroscience researcher Ali Karakus is investigating how quantum entanglement could revolutionize our understanding of aging. This phenomenon, where particles become so interconnected that the state of one...

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Travis Manion Foundation Honors Fallen Heroes at 47 Cemeteries Nationwide Through the Honor Project Over Memorial Day Weekend

May 24, 2024 8:00 AM

Over 2,000 volunteers will pay respects to fallen service members DOYLESTOWN, PA / ACCESSWIRE / May 24, 2024 / Travis Manion Foundation (TMF), one of the nation's leading veteran service organizations, will host The Honor Project, an annual initiative to honor the sacrifices of our country's military heroes over Memorial Day weekend. This year's project will be the largest in its history, with 2,000 volunteers visiting the resting places of...

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Arkisys(TM) Ground Demo Shows We Can Now Build Satellites in Space

May 23, 2024 2:50 PM

Arkisys™, an innovative space company based in Los Angeles, has achieved a groundbreaking accomplishment by assembling a prototype satellite in just one hour on their ground testbed, thanks to a collaboration with SpaceWerx. "We aim to move space system integration from the ground to orbit," said Dr. Rahul Rughani, Chief Systems Engineer at Arkisys. "Our Port architecture for space is designed to allow any space system or payload to be modified,...

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SkyWatch Announces SkyWatch Platform, Launches New Application for Discovering and Purchasing Geospatial Data

May 23, 2024 7:00 AM

KITCHENER, ON / ACCESSWIRE / May 23, 2024 / SkyWatch Space Applications Inc. ("SkyWatch"), a leader in the geospatial data technology industry, announced today its new platform strategy and five new solutions to be released over 2024, including the new SkyWatch EXPLORE application for discovering and purchasing geospatial data. The SkyWatch platform provides the infrastructure for data providers to bring their data to market, and the tools for...

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Applied Energetics Selected to Join DARPA’s BRIDGES Consortium for Space Superiority

May 22, 2024 10:00 AM

TUCSON, AZ / ACCESSWIRE / May 22, 2024 / Applied Energetics, Inc. (OTCQB:AERG), a leader in the advancement of ultrashort pulse laser technologies (USPL), today announced that it has been selected to join the Defense Advanced Research Projects Agency's (DARPA) Bringing Classified Innovation to Defense and Government Systems (BRIDGES) Consortium. As a member of the consortium, Applied Energetics plans to develop and support innovations underway...

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Vaya Space Awarded SBIR Phase I Hybrid Rocket Ejector-Ramjet Airbreathing Hypersonic Missile Study

May 22, 2024 8:45 AM

Defense technology expected to dramatically increase range, performance, and survivability COCOA, FL / ACCESSWIRE / May 22, 2024 / Vaya Space, a space and defense company, announces it has been selected by AFWERX for a SBIR Phase I contract focused on strengthening A2/AD penetration with hybrid rocket ejector-ramjet (HRER) hypersonic propulsion to address the most pressing challenges in the Department of the Air Force (DAF). Vaya Space...

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Infinity Power Unveils Highest Efficiency Atomic Battery

May 21, 2024 10:00 AM

Highly Efficient, Scalable & Mass-Producible Radioisotope Power Sources May Start New Chapter in Groundbreaking Energy Storage Solution History SAN DIEGO, CA / ACCESSWIRE / May 21, 2024 / With strong support from the U.S. Department of Defense, Infinity Power in San Diego County in California has successfully developed an incredibly efficient and long-lasting atomic cell harvesting decay energy from radioisotopes. It has been proven that about...

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Drone Delivery Canada and Volatus Aerospace Corp. Announce Transformative Merger of Equals Creating Global Leader in Drone Technology and Services

May 21, 2024 7:00 AM

Drone Delivery Canada Corp. ("Drone Delivery Canada") (TSXV:FLT)(OTCQX:TAKOF)(Frankfurt:A3DP5Y)(Frankfurt:ABBA.F), an award-winning drone technology company focused on the design, development, and implementation of its proprietary technologies for remotely piloted aircraft operations with an emphasis on cargo delivery and Volatus Aerospace Corp. ("Volatus") (TSXV:VOL)(OTCQB:VLTTF), a leader in the operation of piloted and remotely piloted...

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CORRECTION FROM SOURCE: CannaPharmaRx to Host Investor Conference Call

May 20, 2024 1:45 PM

This updates the previous Press Release that had an incorrect date included CALGARY, AB / ACCESSWIRE / May 20, 2024 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that it will hold an investor conference call on Tuesday, May 21, 2024, at 1PM Eastern time to give an update on progress. Chief Executive Officer Dean Medwid will be leading the discussion on...

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CannaPharmaRx to Host Investor Conference Call

May 20, 2024 12:30 PM

CALGARY, AB / ACCESSWIRE / May 20, 2024 / CannaPharmaRx, Inc. (OTC PINK:CPMD), a future leader in ultramodern, highly efficient cannabis production facilities announced today that it will hold an investor conference call on Wednesday, May 21, 2024, at 1PM Eastern time to give an update on progress. Chief Executive Officer Dean Medwid will be leading the discussion on various topics including: Review of financials and achievements Product and...

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Avation PLC Announces Sale of Two Aircraft from Orderbook

May 17, 2024 2:00 AM

SINGAPORE / ACCESSWIRE / May 17, 2024 / Avation PLC ("Avation" or "the Company") (LSE:AVAP), the commercial passenger aircraft leasing company, is pleased to announce that it has entered into a sale and purchase agreement with an airline client for its next two new ATR 72-600 deliveries from the manufacturer, following an earlier exercise of purchase rights under Avation's long-term aircraft purchase contract with ATR. The sale of these aircraft...

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Avation PLC Announces Sale of Two Aircraft from Orderbook

May 17, 2024 2:00 AM

SINGAPORE / ACCESSWIRE / May 17, 2024 / Avation PLC (LSE:AVAP), the commercial passenger aircraft leasing company, is pleased to announce that it has entered into a sale and purchase agreement with an airline client for its next two new ATR 72-600 deliveries from the manufacturer, following an earlier exercise of purchase rights under Avation's long-term aircraft purchase contract with ATR. The sale of these aircraft is subject to customary...

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Surf Air Mobility Beats Revenue Guidance and Appoints Former Bombardier Flexjet Exec as New Interim CEO

May 16, 2024 2:30 PM

Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, just announced its incoming interim-CEO, Deanna White, a leading pioneer in the aviation industry.1 Deanna, Surf Air Mobility's former CFO and current Senior Advisor, will become full time Chief Operating Officer and interim CEO for Surf Air Mobility Inc. (NYSE:SRFM). Deanna White brings years of executive experience in aviation and a proven commitment to...

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