Business
Star Navigation Announces sale and installation of ISMS Lite(TM) Units and Change of Position of Co-CEO
TORONTO, March 6 /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, March 6 /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 the sale and installation of 2 ISMS Lite units on fixed\nwing Cessna 406 and Beech 1900 C aircraft owned and operated by Aircraft Sales\nand Service Ltd. ("ASSL") of Pakistan (www.asslpk.com).\n\n\nThe total value of this sale & recurring tracking revenues over five\nyears is expected to be approximately USD 50,000. The cost of airtime used by\nthe customer is in addition.\n\n\nASSL is a local charter service that has been providing commuter services\nto such clients as British Gas, BHP Billiton Australia, Government of Pakistan\n(VIP Flight), Tethyan Copper Company Ltd., and Schlumberger Pakistan, amongst\nothers, since 1979. Mr. Ghazi, Director Engineering of ASSL said:\n\n\n"ISMS-Lite(TM) has been a welcome addition to our operation. Both our\npilots and our Operations staff appreciate the increased safety aspects\nprovided by ISMS Lite(TM), and our customers are very happy to have such\na system on board our aircraft."\n\nThe ISMS Lite(TM) provides Flight Tracking, Asset Management, Two-way\nData/Voice Communications, and Backup Emergency SOS/Distress Capabilities.\nDale F. Sparks, Chief Technology Officer of Star said:\n\n"We're very pleased that our installation base is continuing to grow -\neven in these challenging economic times. Our tracking solutions provide\nadded benefit to flight operations management and we're confident that we\ncan continue to grow our market share in this region."\n\n\nStar also announces that its Co-CEO, Jean-Louis Larmor, has resigned that\nposition, effective December 15, 2008. Mr. Larmor continues to be a valued\nmember of Star's Strategic Advisory Committee. In addition, subject to Board\nand TSX-V approval, Mr. Larmor's name has been put forward to fill a vacancy\ncreated by the resignation of Ben Soave as a Director. Mr Soave's\nresignation, received March 5, is expressed to be effective February 28, 2009.\n\n\nAbout Star Navigation:\n\n\nStar Navigation Systems Group Ltd.(www.star-navigation.com) owns the\nexclusive worldwide license to its proprietary, patented In-flight Safety\nMonitoring...