Business
Star Navigation Announces Sale of Tracking and Communication Systems
TSX Venture Exchange Symbol: SNA TORONTO, June 6 /CNW/ - Star Navigation Systems Group Ltd. (TSX-...
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\nTSX Venture Exchange Symbol: SNA\n\n\nTORONTO, June 6 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA)\n("Star" or the "Company") is pleased to announce that the Skylink Aviation\nInc. trial installation, announced November 13, 2007 and March 12, 2008, has\nbeen successfully completed and that the Company has now received a purchase\norder for eight ISMS Lite(TM) tracking, satellite communication and two-way\ntext systems. The eight new ISMS Lite(TM) units have been shipped and Star\nexpects gross revenue of approximately $100,000.00, plus air time from this\ninitial shipment.\n\n\nStar has a further commitment from Skylink Aviation Inc. for\n12 additional units to be shipped within the next 9 months. However, Star does\nnot yet have a confirmed schedule for the delivery of these remaining units.\nStar will provide a further update once the delivery schedule has been\nconfirmed.\n\n\nWith offices in Toronto, Washington, London, Frankfurt, Moscow, Lisbon,\nKhartoum, Baghdad, Dubai, and Kabul, Skylink Aviation Inc. operates in the\nmost hostile environments anywhere, supporting various non-combatant\noperations, including:\n\n\n- Emergency airlift and evacuation\n- Peacekeeping\n- Delivery of humanitarian assistance\n- Logistical support\n- Mission-critical fuel supply\n\n\nStar is pleased that it was selected to supply its tracking and\ncommunication system for this important and challenging SkyLink project.\n\n\nAbout Star Navigation: Star Navigation Systems Group Ltd.\n(www.star-navigation.com) owns the exclusive worldwide license to its\nproprietary, patented In-flight Safety Monitoring System, the first system in\nthe world to feature in-flight data-analysis, monitoring and diagnostics with\na real-time connection between aircraft and ground. Its real-time capability\nof tracking performance-trends and predicting incident-occurrence enhances\naviation safety and improves fleet management while reducing costs for the\noperator.\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...