Brampton, Ontario--(Newsfile Corp. - June 9, 2022) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce the Letter of Intent "LOI" for Fly540 Kenya ("Fly540") to purchase three (3) units of the STAR-ISMS® (In-Flight Safety Monitoring System) for three (3) of its airline fleet.
Fly540 is East Africa's premier low-cost airline offering low fares on scheduled flights all year round to destinations within Kenya and Zanzibar in Tanzania. Headquartered in Nairobi and operating from Jomo Kenyatta International and Wilson Airports' Fly540 flies to Eldoret' Kisumu' Lamu' Lodwar' Malindi' Mombasa and across the border to Zanzibar utilizing 3 Dash-8 aircraft.
Fly540 took to the skies in November 2006. The company's first flights were between Nairobi and Mombasa using a 48-seat ATR 42-320 turbo prop aircraft. The destination network was soon increased with more domestic routes and extra airplanes were added to the existing fleet. The value for money flights won instant popularity among passengers as this was the first time they could affordably and conveniently travel by air.
Mr. Amir Bhatti, Chief Executive Officer of Star said: "The Fly540 LOI is another achievement towards Star's revamped sales efforts. We are excited to have this opportunity to work with Fly540 on their Dash-8 aircraft and with it a new addition to our STC pool. We look forward to providing them with the solutions to improve their flight safety and bring optimization to their operations."
Mr. Don Smith, Chief Executive Officer of Fly540 said: "We are keen on installing the STAR-ISMS® system and look forward to utilizing the product to improve our Safety, Efficiency and profitability."
About Star Navigation Systems - www.star-navigation.com
Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. The STAR-A.D.S.® System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
About Fly540 - www.fly540.com
Fly540 is East Africa's premier low-cost airline offering low fares on scheduled flights all year round to destinations within Kenya and Zanzibar.
Forward Looking Information
Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.
Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.
Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.
Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.
The risks posed by the COVID-19 pandemic to the airline industry are real and substantial but cannot be defined or measured in any meaningful way at this time.
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.
Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Please visit www.star-navigation.com or contact
Mr. Amir Bhatti, CEO at 1-416-252-2889 #230
amir.bhatti@star-navigation.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127101
