TORONTO, Aug. 4 /CNW/ - Star Navigation Systems Group Ltd. ("Star
Navigation") (TSX Venture: SNA), is pleased to announce it has signed a letter
of intent (LOI) with Russell Adams Ltd., based in the United Kingdom. The LOI
enhances cooperation in the joint marketing and sale of each company's
respective product lines. This new relationship will also allow both companies
to advance the development of new and enhanced complimentary product
offerings.
Russell Adams Ltd., (www.rusadagroup.com) is a system integrator dealing
with technology and I.T. solutions for the aviation and defence industries.
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.
"This relationship with Russell Adams not only provides Star the
opportunity to accelerate its goal for world wide market penetration of its
ISMS(TM) product (the In-Flight Safety Monitoring System), it also sets the
stage for the development and marketing of new aviation technological product
offerings. We now have an association with a worldwide I.T. aviation company
with over 70 international clients all of whom potentially could become Star
customers. This opportunity for Star is tremendous." 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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