TORONTO, April 28 - 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 that Aircraft Sales and Service Ltd. ("ASSL") of Pakistan (www.asslpk.com) has purchased two additional ISMS(TM) LITE Flight Tracking and Communication technology units from Star. The units will be installed on its fixed wing, Fokker F27Mk500 and Beech 1900D aircraft. This brings the total ASSL order to 4. Revenue to Star for the 4 units is approximately USD 70,000, plus tracking and airtime charges of approximately USD 20,000 per annum, based on current usage.
ASSL is a local charter service that has been providing commuter services to clients such as British Gas, BHP Billiton Australia, Government of Pakistan (VIP Flight), Tethyan Copper Company Ltd., and Schlumberger Pakistan amongst others, since 1979. ASSL operates in the Western parts of Pakistan near the Afghan border.
Yusuf E.H. Jaffer, CEO of ASSL said,
"The service provided by your personnel on the ground here in Karachi is second to none and we would not hesitate to recommend the ISMS(TM) Lite System wholeheartedly. Once again, thanks for the safety and security that your system provides to us and to our customers."
In addition, SkyLink Aviation Inc. (www.skylinkaviation.com) has purchased a further ISMS(TM) LITE Flight Tracking and Communication technology unit for one of its fixed wing aircraft. This brings the total SkyLink order to 29, of which 27 are installed and operational. (See press release January 22, 2009).
Based on Star's patented ISMS(TM) system, ISMS(TM) LITE provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities.
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
IR HUB
http://www.agoracom.com/ir/StarNavig...
E-mail all questions and correspondence SNA@agoracom.com
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