TSX Venture Exchange Symbol: SNA
TORONTO, Jan. 2 /CNW/ - Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company") is pleased to announce its strategic partnership with AeroSoft Systems Inc. ("AeroSoft").
AeroSoft (www.aerosoftsys.com) is a privately held Canadian company which has been providing optimized software solutions for management of technical operations to the commercial aviation industry for the past 10 years. AeroSoft flagship products DigiMAINT and WebPMI support technical operations for more than 1500 aircraft at over 30 airlines and MRO's (Maintenance Repair Organization) globally on a 7 x 24 x 365 basis. In conjunction with Star's In-Flight Safety Monitoring System and its existing suite of complementary products, this strategic partnership gives Star a tremendous opportunity to leverage AeroSoft's existing customer base by providing them with a comprehensive solution customized to their individual needs and requirements.
AeroSoft CEO Thanos Kaponeridis stated "This strategic partnership with Star Navigation Systems positions our integrated solutions well ahead of the competition. We are now offering a 'cradle to grave' handling of maintenance data from the time a fault code is registered on the aircraft through its trouble shooting cycle to the interface with the Maintenance Management System, the Flight Operations System, the Digital Document Management System and through the scheduling of the work and updating of the technical records and configuration. This type of solution is unique and only offered in customized implementations by the large airframe OEM's using large ERP systems. The AeroSoft/STAR integration is the only solution including a real-time data acquisition capability, built on competitively priced and proven systems and available to all operators and MRO'S."
Star Vice President, Sales and Marketing, Mr. Amir Bhatti said, "This high value venture will give us the technological tools required in order to extend the capabilities of our existing systems and bring them to a platform where all the operations of an operator would be on one page, whether management or finance, engineering and maintenance, flight operations or flight safety. This move will also have significant effect on ETOPS (Extended-Range Twin-Engine Operations) monitoring, including but not limited to MOQA (Maintenance Operations Quality Assurance).
AeroSoft will be represented by Star Navigation in February 2008 at the Singapore Air Show, the largest Air Show in Asia.
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.
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