Originaltext
Diese Übersetzung bewerten
Mit deinem Feedback können wir Google Übersetzer weiter verbessern
Home
Star Navigation Systems Group Ltd.
Star Navigation Announces Contract with A.R. Airways (Club One Aviation) for ISMS(TM) Sale
Published Aug 22 2005
4 min read

Star Navigation Announces Contract with A.R. Airways (Club One Aviation) for ISMS(TM) Sale

TORONTO, Aug. 22 /CNW/ - Star Navigation Systems Group Ltd. ("Star
Navigation") (TSX Venture: SNA), is pleased to announce that it has signed a
contract for the sale and installation of Star's flagship product, the
ISMS(TM), (In-Flight Safety Monitoring System) with A.R. Airways (Club One
Aviation) of New Delhi, India.
As previously reported on July 26, 2005, Star Navigation signed a letter
of intent with A.R. Airways (Club One Aviation). The now formalized contract
between the parties is worth an estimated $2.5 Million.
"In less than one month we have moved from a letter of intent to a firm
and binding sale. Our capability to enhance flight safety and, at the same
time, reduce operating costs has made a powerful impression on the aviation
industry. The private jet market represents a tremendous niche opportunity for
Star Navigation. Those who own and operate private jets are very - very
wealthy making the purchase of our product, the ISMS(TM), an easy decision.
With an estimated 12,800 business jets operating worldwide, this single niche
has a potential market size of approximately $2.5 Billion for Star Navigation.
This is only one of many sales verticals which the company will be actively
pursuing," reports Viraf Kapadia, Chairman and CEO.
Star is in discussions with airlines operators worldwide for the sale and
installation of its ISMS(TM) product.

About Star Navigation...

Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the
worldwide license to a product without peer, its proprietary, patented      
In-flight Safety Monitoring System - ISMS(TM), 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 has not reviewed and does not accept responsibility for the adequacy
or accuracy of this press release.
%SEDAR: 00009078E