TORONTO, Jan. 22 - Star Navigation Systems Group Ltd. (TSX-V: SNA.V) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to assist aviation operators worldwide, is pleased to announce a further sale of one additional ISMS Lite(TM) system to SkyLink Aviation Inc. (www.skylinkaviation.com)
The ISMS Lite(TM) provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities.
Revenue generated is as set forth in our press release of August 29, 2008, on a pro-rata basis.
Mr. Prakash Noronha, VP Operations & Project Support of Skylink said:
"We would like to thank Star Navigation for the excellent support your company and staff have provided, despite all the logistic difficulties with different time zones involved. Skylink has now purchased 23 ISMS (Terrastar) Lite units, 21 of which have been delivered and 16 of which are installed and operational, some starting as early as March 2008. We believe this has been a fruitful association and look forward to building further upon our relationship, jointly working to provide success and improve our Flight Operations and Security in the hostile environment in which we operate. As our Afghanistan Country Manager, Mr. Dusko Lekic had mentioned earlier, "the relationship has far exceeded the classical Customer-Client relations test and we are really happy."
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.
Contacts
please visit www.star-navigation.com or Viraf Kapadia
CEO
(416) 252-2889
viraf.kapadia@star-navigation.com
AGORACOM Investor Relations
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