Star Navigation Announces LOI for Purchase of STAR-ISMS ("In-Flight Safety Monitoring Systems") for 7 Aircraft in Kenya with Safe Air Company and Brent Global
Brampton, Ontario--(Newsfile Corp. - August 10, 2022) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce the signing of a Letter of Intent ("LOI") with Safe Air Company ("Safe Air") and Brent Global ("Brent"), Kenya to purchase seven (7) units of the STAR-ISMS®. (In-Flight Safety Monitoring System) for seven (7) of their aircraft.
Safe Air is a leading cargo airline based in Nairobi, Kenya where it provides commercial air transport business to commercial clients in Africa, Europe, Asia and the Middle East. In addition, it is also entrusted to deliver humanitarian assistance to remote locations in the East, Central and South of Africa.
Safe Air operates three (3) B727 freighters and also provides passenger flight services between Dubai, Djibouti, Cairo, Mogadishu, Hargeisa, Nairobi and Mombasa.
Mr. Cliff Mwachola, Chief Operating Officer of Safe Air stated "The incorporation of Star's STAR-ISMS® into our operations will provide S.A.C. with the kinds of operational efficiencies and safety standards that we could only dream of until we discovered Star. We are happy to be working with them and look forward to growing with them for many years to come.'
Brent Global is a specialist aviation service provider offering private charter, VIP charter, private jet services and cargo logistics management. In doing so, Brent operates a Gulfstream Business Jet and a King Air 90.
The Brent Cargo Division specialises in transport to, from and within Africa via a fleet that includes aircraft for small-size cargo, up to the Boeing 737-400.
Mr. Richard Kubo, Chairman of Brent Global stated "As a leading provider of private and VIP charter jet services in and around Africa, providing peace of mind to our discerning clients is of utmost importance to Brent Global. The integration of ISMS allows us to deliver our clients with predictive safety analytics that can not be offered by even some of the leading such providers in the world, gives us an invaluable competitive advantage both today and for years to come."
STAR NAVIGATION CONTINUES TO EXPAND GLOBAL SALES SUCCESS IN 2022
Over the past few months Star has announced the following,
JUNE 13 - Sales Agreement with Astral Aviation Nairobi Kenya for the Purchase of the STAR-ISMS ("In-Flight Safety Monitoring Systems") for 7 Cargo Aircraft
JUNE 9 - Letter of Intent with Fly540 for the STAR-ISMS In-Flight Safety Monitoring Systems for 3 Aircraft in Kenya
APRIL 28 - LOI With Pinnacle Air for the Purchase of the STAR-ISMS Of In-Flight Safety Monitoring Systems for 5 Charter Jets in India
APRIL 5 - $2.9 Million Order from Swiss Aviation Group AG For Nine (9) Star A.D.S ® Units, To Be Delivered To Four Different Airlines.
Amir Bhatti, Chief Executive Officer of Star stated "After embarking on our direct sales and marketing efforts via international air shows and even our own major conference in Africa, Star has delivered consistent results that also serves to confirm what we have known all along - our solutions for the international airline industry are amongst the best in the world. Far from resting on our laurels, we are now leveraging this success with our continued sales and marketing efforts to deliver what we expect to be even more and bigger agreements for our shareholders."
This News Release is available on the company's official Verified Discussion Forum On AGORACOM, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
About Safe Air Company
S.A.C is a leading airline offering cargo services based in Nairobi, Kenya. They provide top quality cargo service in the commercial air transport business to commercial clients in Africa, Europe, Asia, UAE and the Middle East.
Headquartered in Nairobi and operating from Jomo Kenyatta International Safe Air also delivers humanitarian assistance to remote locations in the East, Central and South Africa. Our unique understanding of these regions allows us to deliver competitively priced services and value to our clients. Safe Air operates three (3) B727 freighters, tough and reliable equipment for their cargo operations.
About Brent Global
Brent Global is a specialist aviation service provider offering private charter, VIP charter, private jet services and cargo logistics management. Our team has over 30 years combined experience in the relevant fields and are available to discuss your specific needs. Brent is based out of Jomo Kenyatta Airport and operates two (2) B737 freighters and two more on options.
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.
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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133381