Business
Star Navigation Expands Sales In United Arab Emirates
Star Navigation Expands Sales In United Arab Emirates.
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\n\nTSX Venture Exchange Symbol: SNA\n\nTORONTO, Oct. 25 /CNW/ - Star Navigation Systems Group Ltd. (\"Star\"),\ndeveloper of the In-Flight Safety Monitoring System (\"ISMS\"(TM)), is pleased\nto announce a sales agreement with Zain Aviation.\nViraf Kapadia, Star Navigation CEO, stated, \"Star is encouraged by the\nsale and looks forward to increasing its overall sales in the region.\"\nZain Aviation Services-FZC (ZASCO) (\"Zain\") has agreed to purchase a\nCommunications System and a Cabin Information System from Star for its new\naircraft and Star has already received a purchase order from Zain with respect\nto this installation.\nThis deal further establishes Star in the U.A.E. At the same time Star is\nalso increasing its efforts in Europe and North America.\nZain, based in Sharjah, U.A.E., is involved in aircraft leasing,\nchartering & maintenance services and also operates an air taxi service.\n\nAbout Star Navigation\n\nStar Navigation Systems Group Ltd. (www.star-navigation.com) owns the\nworldwide license to its proprietary, patented In-flight Safety Monitoring\nSystem - ISMS(TM), the first system in the world to feature in-flight\ndata-analysis, monitoring and diagnostics with a real-time connection between\naircraft and ground. Its real-time capability of tracking performance-trends\nand predicting incident-occurrence enhances aviation safety and improves fleet\nmanagement while reducing costs for the operator.\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\nThe TSX Ventu...