FLT Flight Safety Technologies,

Flight Safety Technologies, Inc. (AMEX:FLT) has received a new $9,815,410 contract from the U.S. Department of Transportation/Volpe Center with an award date of September 15, 2005. This contract is for continued work on its SOCRATES(R) wake vortex sensor technology. Flight Safety Technologies, Inc. receives incremental funding on its government contracts when task orders are issued. The first task order on its new contract is dated September 15, 2005, for $1,695,029. This task order is currently planned to fund data analysis from the SOCRATES(R) system currently being tested at Denver International Airport and follow-on system trade-off studies of its SOCRATES(R) sensor technology through approximately March 31, 2006. There is no assurance that any additional task orders under the new contract will be funded or that Flight Safety Technologies, Inc. will receive continued government support. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements identified by the use of words such as should, believes, plans, goals, expects, may, will, objectives, missions, or the negative thereof, other variations thereon or comparable terminology. Such statements are based on currently available information which management has assessed but which is dynamic and subject to rapid change due to risks and uncertainties that affect our business, including, but not limited to, the outcome of an informal inquiry by the SEC that appears to be in connection with certain analysts reports about us and our press releases, the outcome of pending class action litigation alleging violations of federal securities laws, whether the government will implement WVAS at all or with the inclusion of a SOCRATES(R) wake vortex sensor, the impact of competitive products and pricing, limited visibility into future product demand, slower economic growth generally, difficulties inherent in the development of complex technology, new products sufficiency, availability of capital to fund operations, research and development, fluctuations in operating results, and other risks detailed from time to time in Flight Safety Technologies, Inc.'s filings with the Securities and Exchange Commission. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.