FLYING COLORS — the "prog/pop" supergroup featuring guitarist Steve Morse (DEEP PURPLE), keyboardist Neal Morse (THE NEAL MORSE BAND, TRANSATLANTIC, ex-SPOCK'S BEARD), bassist Dave LaRue (DIXIE DREGS), drummer Mike Portnoy (SONS OF APOLLO, THE WINERY DOGS, ex-DREAM THEATER) and vocalist Casey McPherson (ALPHA REV) — will release its third album, "Third Degree", in September via Mascot Records.