TORONTO, June 6 - Star Navigation Systems Group Ltd. (TSX-V: SNA.V) ("Star" or the "Company") is pleased to announce that the Skylink Aviation Inc. trial installation, announced November 13, 2007 and March 12, 2008, has been successfully completed and that the Company has now received a purchase order for eight ISMS Lite(TM) tracking, satellite communication and two-way text systems. The eight new ISMS Lite(TM) units have been shipped and Star expects gross revenue of approximately $100,000.00, plus air time from this initial shipment.
Star has a further commitment from Skylink Aviation Inc. for 12 additional units to be shipped within the next 9 months. However, Star does not yet have a confirmed schedule for the delivery of these remaining units. Star will provide a further update once the delivery schedule has been confirmed.
With offices in Toronto, Washington, London, Frankfurt, Moscow, Lisbon, Khartoum, Baghdad, Dubai, and Kabul, Skylink Aviation Inc. operates in the most hostile environments anywhere, supporting various non-combatant operations, including:
- Emergency airlift and evacuation
- Peacekeeping
- Delivery of humanitarian assistance
- Logistical support
- Mission-critical fuel supply
Star is pleased that it was selected to supply its tracking and communication system for this important and challenging SkyLink project.
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 does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts
please visit www.star-navigation.com
or Viraf Kapadia
CEO
(416) 252-2889
viraf.kapadia@star-navigation.com
Investor Relations
AGORACOM Investor Relations
SNA@agoracom.com
http://www.agoracom.com/IR/StarNavig...
