TSX Venture Exchange Symbol: SNA
TORONTO, Dec. 20 /CNW/ - Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company") is pleased to announce that it has entered into a strategic partnership with Kestral Holdings Private Limited, a world leader in aviation and defense consulting. Kestral provides in-country consultancy services to a number of multinational corporations based in the USA, Canada, Europe and China.
With offices located in Canada, the U.K, Dubai, Pakistan, Malaysia, Sri-Lanka and China, Kestral also provides, through its partners, services to both State agencies and the private sector in Bangladesh, Sri Lanka, Malaysia, Brunei and Afghanistan. Its client list includes Pratt & Whitney Canada, Pratt & Whitney LCE USA, Lockheed Martin Missile and Fire Control, Lockheed Martin- Aeronautics Company, Maritime Systems and Centers, Raytheon Space & Aerospace Systems (SAS), Sikorsky Helicopters, L-3 Communications, Aero Precision Industries, IAE (International Aero Engines) and Gulf Stream Aerospace cooperation.
Star is currently in discussions with the defense establishments of several countries that have shown a keen interest in Star Navigation's diversified line of products including the In-Flight Safety Monitoring System ("ISMS(TM)"), ISMS LITE(TM), and the new security features added to its tracking solutions for Real-Time monitoring.
"We expect positive developments in the military and defense sectors, and look forward to a long and mutually beneficial relationship with Kestral." said Amir Bhatti, VP Sales and Marketing at Star.
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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