TORONTO, Sept. 8 - 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 that India's Directorate General of Civil Aviation ("DGCA") has contacted the Indian Ministry of Communication & Information Technology, Department of Telecommunication (WPC-Wing) and has formally requested consideration of applications by airline operators for the allotment of required bandwidth for use with Star's TERRASTAR:Real-Time Monitoring System(TM).
This request not only demonstrates DGCA support for Star's TERRASTAR:Real-Time Monitoring technology, but also underlines the working relationship that Star has with the Indian aviation authorities.
Mr. Dale F. Sparks, Chief Technical Officer of Star Navigation Systems Group Ltd. stated, "We see great opportunity in the S.E Asia/Pacific aviation sector, and it is a significant part of our overall strategy. Acquiring the necessary bandwidth for communications is critical to our success in this market and it begins with regulatory approvals from the relevant government departments and ministries. Therefore, we approached this directive very tactfully and ambitiously."
The request for bandwidth is a necessary step in the process of getting Star's technology installed on aircraft in the region.
Mr. Kapadia, Chairman and CEO of Star Navigation Systems Group Ltd. stated, "This is in keeping with our recent initiatives in India and South East Asia. We are in the process of opening an office in New Delhi, in order to take advantage of the growth in aviation services in the region. Although airlines worldwide face significant challenges, a recent Airports Authority ofIndia forecast predicts a 21.6% annual increase in Indian passenger traffic (domestic and international) over the next 5 years."(Source: Centre for Asia Pacific Aviation, and Airports Authority ofIndia ). Kapadia continued, "This is a good example of the reception of our exclusively licensed, patented technology. We are pleased with both the tone and the significance of the DGCA's recent actions with respect to our system."
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.
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 visithttp://www.agoracom.com/ir/StarNavig... and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
%SEDAR: 00009078E
For further information: Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavig...
