Business
SkyLink Aviation Purchases Additional Units
TORONTO, May 27 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company")...
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, May 27 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA)\n("Star" or the "Company"), a leading edge technology company focused on\nproviding Aerospace Solutions to assist aviation operators worldwide, is\npleased to announce a further sale of 2 of its TERRASTAR: RTM(TM) Lite Flight\nTracking and Communication technology units to SkyLink Aviation Inc.\n(www.skylinkaviation.com). When added to a previously unannounced activation,\nthis brings the total SkyLink order to 31.\n\n\nBased on Star's patented ISMS(TM) system, TERRASTAR: RTM(TM) Lite\nprovides Flight Tracking, Asset Management, Two-way Data/Voice Communications,\nand Backup Emergency SOS/Distress Capabilities.\n\n\nRevenue generated is as set forth in our press release of August 29,\n2008, on a pro-rata basis.\n\n\nDale F. Sparks, Star's Chief Technology Officer said, "SkyLink Aviation\nInc. operates in Afghanistan, an extremely challenging environment. Our\nrelationship with SkyLink started in late 2007, and the continuing addition of\nTERRASTAR: RTM(TM) Lite units to their fleet is most gratifying. To me, it\nspeaks to both the quality of the units themselves, and to the dedication of\nour personnel."\n\n\nCertain statements contained in this News Release constitute\nforward-looking statements. When used in this document, the words "may",\n"would", "could", "will" and similar expressions, as they relate to Star or\nits management are intended to identify forward-looking statements. Such\nstatements reflect Star's current views with respect to future events and are\nsubject to certain risks, uncertainties and assumptions. Many factors could\ncause Star's actual performance or achievements to vary from those described\nherein. Should one or more of these factors or uncertainties materialize, or\nshould assumptions underlying forward-looking statements prove incorrect,\nactual results may vary materially from those described herein as intended,\nplanned, anticipated, believed, estimated or expected. Star does not assume\nany obligation to update these forward-looking statements.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange)\naccepts responsibility for the adequacy or accuracy of the cont...