Russell Adams Ltd. - Aviation and Defense
TORONTO, Aug. 23 /CNW/ - Star Navigation Systems Group Ltd. ("Star
Navigation") (TSX Venture: SNA), is pleased to announce it has entered into a
formal joint marketing agreement with Russell Adams Ltd., based in the United
Kingdom. The joint marketing agreement provides both Russell Adams Ltd and
Star Navigation Systems Group Ltd the advantages of co-ordinating their
individual marketing efforts as well as undertaking joint activities to market
integrated solutions to prospective customers in targeted markets throughout
the world.
Russell Adams Ltd., www.russelladams.com is a system integrator dealing
with technology and I.T. solutions for the aviation and defence industries.
Providing a comprehensive range of software solutions along with business
management consulting services for airlines, MRO's, flight training
organisations, as well as special flight operators and asset management
centres. With offices in Europe, the Middle East and Australia, Russell Adams
has been providing its services for 18 years to over 70 aviation customers
around the world.
"Russell Adams see this opportunity to team with Star Navigation as an
important step forward enabling us to provide a total fleet management
solution to the Aviation industry, to optimise data and outline benefits to
improve the operator's bottom line" said Richard Vorias, CEO.
"Russell Adams Ltd. is a worldwide aviation company with over 70
international clients all of whom potentially could become Star customers. We
are very pleased to report that the joint marketing agreement between Russell
Adams Ltd. and Star Navigation is now formalized. This provides Star
Navigation the opportunity to accelerate market penetration of our ISMS(TM)
product (the In-Flight Safety Monitoring System) worldwide. For Star
Navigation this particular marketing agreement represents a tremendous
opportunity" said Viraf Kapadia, Chairman and CEO.
Star is in discussions with Airlines operators worldwide for the sale and
installation of its In-flight Safety Monitoring System.
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.
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