TSX Venture Exchange Symbol: SNA
DUBAI, Nov. 14 /CNW/ - Star Navigation Systems Group Ltd. ("Star") and
Indus Airways today announced the India-based airline has ordered 50 In-flight
Safety Monitoring Systems (ISMSTM) at the Dubai Airshow 2007.
At an official ceremony in Dubai, representatives of Indus Airways and
Star finalized contract negotiations and signed the record deal. Indus Airways
has prepaid the first system installations since the sale calls for
installations to begin on delivery and availability of their aircraft which is
anticipated in the next quarter.
Indus Airways is an emerging airline in India, which will fly regional as
well as international routes. The contract with Indus requires Star to provide
its ISMS solution and satellite phone, two way text messaging and real time
flight tracking, with Indus Airways being responsible for installation and all
required permits and licences. Until such permits and licences have been
received by Indus Airways, Star will provide aircraft approach download
"Indus Airways is set to become a major factor in the Indian aviation
industry, and we are very excited to be a part of that success as they expand
their service across the globe," said Viraf Kapadia, CEO of Star Navigation.
The major sale announcement comes less than a month after the Government
of India granted a key patent, solidifying Star's position in one of the
world's largest aviation markets. According to industry estimates, the Indian
aviation market is growing at a record pace of 20% per year and the Indian
aviation industry is expected to spend more than $86 billion over the next two
Amir Bhatti, V.P. Marketing and Sales said, "Today's announcement
reflects our continuing efforts to be the industry leader by combining
superior patented solutions with leading edge and reliable technology."
About Indus Airways: Indus Airways is an emerging commercial airline
operator based in Delhi, India, with 50 MA-60s on order, and will be placing
orders for Boeing 777s, Boeing 747-400 series and CRJ-200 series.
About Star Navigation: Star Navigation Systems Group Ltd.
(www.star-navigation.com) owns the exclusive worldwide license to its
proprietary, patented In-flight Safety Monitoring System, the first system in
the world to feature in-flight data-analysis, monitoring and diagnostics with
a real-time connection between aircraft and ground. Its real-time capability
of tracking performance-trends and predicting incident-occurrence enhances
aviation safety and improves fleet management while reducing costs for the
Certain statements contained in this News Release constitute
forward-looking statements. When used in this document, the words "may",
"would", "could", "will" and similar expressions, as they relate to Star or
its management are intended to identify forward-looking statements. Such
statements reflect Star's current views with respect to future events and are
subject to certain risks, uncertainties and assumptions. Many factors could
cause Star's actual performance or achievements to vary from those described
herein. Should one or more of these factors or uncertainties materialize, or
should assumptions underlying forward-looking statements prove incorrect,
actual results may vary materially from those described herein as intended,
planned, anticipated, believed, estimated or expected. Star does not assume
any obligation to update these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
For further information:
For further information: Please visit www.star-navigation.com or
contact: Derek Sutherland, Inv. Relations, Sutherland_derek@yahoo.com, Tel.