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CGI VirtualFlightRecorder to enhance aviation safety with next-generation flight data solution

1. CGI expands Universal Virtual Flight Data Recorder initiative for aviation safety. 2. New CGI VirtualFlightRecorder enhances operational efficiency and global aeronautics compliance. 3. Project supported by ESA and UKSA under Business Applications and Space Solutions. 4. The initiative leverages blockchain technology for data integrity and security. 5. CGI aims to meet evolving operational and safety needs in aviation.

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Why Bullish?

The expansion of the CGI VirtualFlightRecorder initiative positions CGI prominently in the aviation technology sector. Similar projects in the tech industry often lead to growth in stock prices due to increased investor interest.

How important is it?

The announcement of a new technology solution directly correlates with business growth and investor sentiment. Its backing by notable space agencies adds credibility and appeal to potential investors.

Why Long Term?

Regulatory compliance projects like this usually yield long-term benefits as the aviation industry adopts new technologies. Historical examples show that tech advancements in aviation can take time to impact revenues significantly.

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Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom , /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced an expansion of the Universal Virtual Flight Data Recorder (UVFDR) initiative, developed with support from the European Space Agency (ESA) and the UK Space Agency (UKSA) under the Business Applications and Space Solutions (BASS) programme. The new phase will establish CGI VirtualFlightRecorder, a new CGI intellectual property solution providing a scalable solution built on AWS for enhancing aviation safety globally, opening up new ways of improving operational efficiency, and providing compliance with emerging global aeronautics distress and safety (GADSS) standards. Building on the success of the initial UVFDR project, this phase will translate insights from the first pilot demonstration into operational capabilities, ensuring CGI VirtualFlightRecorder meets the latest global aeronautical safety standards, including alignment with International Civil Aviation Organization's (ICAO) standards and recommended practices (SARPs) for GADSS. The UVFDR leverages CGI's blockchain technology to ensure data authenticity, integrity and security, addressing the operational and regulatory challenges of future flight data recording systems. Key enhancements that will support aviation safety include: Improved data resilience in emergencies: by demonstrating satellite data transmission for flights in emergency scenarios, exploring solutions for completeness of flight telemetry and data integrity through flights with Cranfield University's Flying Laboratory. Global standards compliance: the system will provide a route to an acceptable means of compliance for GADSS informed by EASA, FAA, and EUROCAE recommendations. Seamless operational integration: advanced interfaces and features will support real-time data transmission and monitoring, which can be integrated with existing aviation systems through commonly available aircraft interface devices (AID) or similar systems. Data integrity and legal admissibility: demonstrating compliance with standards for using flight data in regulatory and legal investigations. CGI VirtualFlightRecorder is designed with commercial air transport, business and general aviation, as well as advanced air mobility in mind. Replicating the function of a traditional crash-protected flight recorder (Black Box) in a virtual, cloud-based environment, the system will allow the assured, authenticated and provenance-controlled storage of data transmitted by an aircraft while in flight. It will empower aviation stakeholders -- aircraft operators, manufacturers, and regulators -- with a cost-effective, reliable tool to enhance operational efficiency, comply with international safety mandates, and provide key insights in case of an incident. Neil Timms, Senior Vice President, Space, Defence and Intelligence at CGI in the UK and Australia, said: "This ongoing project underscores CGI's role in advancing aviation safety through transformative technology. By evolving the UVFDR into a commercial service, CGI VirtualFlightRecorder will help aircraft operators boost their operational efficiency while supporting safer skies, meeting the industry's evolving operations, safety and regulatory needs." This extension is supported by the UK Space Agency as part of ESA's BASS programme, with additional contributions from the Safety and Accident Investigation Centre and National Flying Laboratory Centre at Cranfield University, Code Magus Limited, Satellite Authorisation Systems (Pty) Ltd. (SatAuth), and AWS. About CGI Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com. About ESA's Business Applications and Space Solutions (BASS) programme ESA Space Solutions helps businesses from all corners of Europe to harness space technology to improve life on Earth. We work side by side with industry, developing space-enabled solutions that will grow your business and bring essential socioeconomic benefits. All our activities have a focus on the green transition and the global shift towards a more digital, sustainable future.  SOURCE CGI Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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