Business
Star Navigation Signs Letter of Intent with Russell Adams - Aviation and Defense
Star Navigation Signs Letter of Intent with Russell Adams - Aviation and Defense.
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Aug. 4 /CNW/ - Star Navigation Systems Group Ltd. (\"Star\nNavigation\") (TSX Venture: SNA), is pleased to announce it has signed a letter\nof intent (LOI) with Russell Adams Ltd., based in the United Kingdom. The LOI\nenhances cooperation in the joint marketing and sale of each company's\nrespective product lines. This new relationship will also allow both companies\nto advance the development of new and enhanced complimentary product\nofferings.\nRussell Adams Ltd., (www.rusadagroup.com) is a system integrator dealing\nwith technology and I.T. solutions for the aviation and defence industries.\nWith offices in Europe, the Middle East and Australia, Russell Adams has been\nproviding its services for 18 years to over 70 aviation customers around the\nworld.\n\"This relationship with Russell Adams not only provides Star the\nopportunity to accelerate its goal for world wide market penetration of its\nISMS(TM) product (the In-Flight Safety Monitoring System), it also sets the\nstage for the development and marketing of new aviation technological product\nofferings. We now have an association with a worldwide I.T. aviation company\nwith over 70 international clients all of whom potentially could become Star\ncustomers. This opportunity for Star is tremendous.\" said Viraf Kapadia,\nChairman and CEO.\nStar is in discussions with Airlines operators worldwide for the sale and\ninstallation of its In-flight Safety Monitoring System.\n\nAbout Star Navigation...\n\nStar Navigation Systems Group Ltd. (www.star-navigation.com) owns the\nworldwide license to a product without peer, its proprietary, patented In-\nflight Safety Monitoring System - ISMS(TM), the first system in the world to\nfeature in-flight data-analysis, -monitoring and -diagnostics with a real-time\nconnection between aircraft and ground. Its real-time capability of tracking\nperformance-trends and predicting incident-occurrence enhances aviation safety\nand improves fleet management while reducing costs for the operator.\n\nCertain statements contained in this News Release constitute forward-\nlooking statements. When used in this document, the words \"may\", \"would\",\n\"could\", \"will\" and similar expressions, as they relate to Star or its\nmanagement are intended to identify forward-looking statements. Such\nstatements reflect Star's current views...