Business
Star Navigation Updates SkyLink Aviation Contract - 5 Additional units ordered
TORONTO, March 9 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"...
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, March 9 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA)\n("Star" or the "Company"), a leading edge technology company focused on\nproviding Aerospace Solutions to assist aviation operators worldwide, is\npleased to announce a further sale of 5 of its TERRASTAR Lite(TM) Flight\nTracking and Communication technology units to SkyLink Aviation Inc.\n(www.skylinkaviation.com). This brings the total SkyLink order to 28. (See\npress release January 22, 2009).\n\n\nBased on Star's patented ISMS(TM) system, TERRASTAR Lite(TM) provides\nFlight Tracking, Asset Management, Two-way Data/Voice Communications, and\nBackup Emergency SOS/Distress Capabilities.\n\n\nRevenue generated is as set forth in our press release of August 29,\n2008, on a pro-rata basis.\n\n\nStar's technical support team said, "We appreciate the repeat orders from\nSkyLink Aviation, as well as their continued support and confidence. We offer\n24/7 support for all our customers and are gratified that they appreciate our\nefforts."\n\n\nAbout Star Navigation:\n\n\nStar Navigation Systems Group Ltd. (www.star-navigation.com) owns the\nexclusive worldwide license to its proprietary, patented In-flight Safety\nMonitoring System, 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\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 h...