TORONTO, Aug. 29 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA)
("Star" or the "Company"), a leading edge technology company focused on
providing Aerospace Solutions, both hardware and software platforms to assist
aviation operators worldwide, is pleased to announce an additional sale of its
TERRASTAR Lite(TM) system to SkyLink Aviation.
The sale includes six units for SkyLink Aviation, and because of the
success of the TERRASTAR Lite(TM) units in international operations, SkyLink
USA has also ordered two units. This brings the total number of units sold to
sixteen for SkyLink (see Press Release June 6, 2008). Gross hardware and
airtime revenue over a five year period for all sixteen units, in normal use,
is in a range of approximately a minimum of $322,000 to a maximum of $430,000.
The TERRASTAR Lite(TM) provides Flight Tracking, Asset Management,
Two-way Data/Voice Communications, and Backup Emergency SOS/Distress
Mr. Dusko Lekic, Country Manager, SkyLink Afghanistan said:
"I would like to take this opportunity and thank you and all your team
from Star Navigation for your support.
Having in mind all difficulties, different time zones and your readiness
to listen and dedication to solve the problem I think we accomplish a huge
success and improve our Flight Operations and Security in volatile environment
such as Afghanistan. Also, I would like to emphasize the relationship which we
built up in last couple of months...it passed the classical Customer-Client
relations far beyond and I'm really happy about that.
Once again, on behalf of all our Crews who are using your system on our
aircraft, we want to thank you for such a "communication" improvement, which
is vital in this environment and looking forward to continue our mutual
Mr. Dale F. Sparks, Chief Technology Officer of Star Navigation Systems
stated: "We are very proud to be working with SkyLink Aviation and to
supporting their humanitarian efforts and related programs. We were intrigued
by the challenges of having our technology operating in Afghanistan, one of
the toughest environments in the world, and the statement by Mr. Lekic is a
testament to the significance and the capabilities of Star's aviation
SkyLink Aviation Inc. is an international aviation group that specializes
in Project Management, Air Charters, Aviation Support, Aircraft Maintenance,
Air Courier, Executive Air Charters as well as Flight Planning and Clearance
Services. SkyLink Aviation has become a global leader in rapid deployment of
peacekeepers and international humanitarian aid, including food and equipment,
during war, major disasters and pandemics for clients such as the
United Nations, World Food Programme, USAID, INS (Homeland Security), IOM, the
Canadian Government, the Red Cross, the Italian Interior Ministry and other
national governments and NGOs.
This press release is available on the company's official on-line
investor relations site for investor commentary, feedback and questions.
Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and
view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail
all questions and correspondence to SNA@Agoracom.com.
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 operator.
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
For further information:
For further information: please visit www.star-navigation.com or Viraf
Kapadia, CEO, firstname.lastname@example.org; AGORACOM Investor Relations,
Investor Relations, SNA@agoracom.com,