Star Navigation Announces Letter of Intent with Renegade Air for the STAR-ISMS In-Flight Safety Monitoring Systems for 9 Aircraft in Kenya
Brampton, Ontario--(Newsfile Corp. - November 10, 2022) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has signed a Letter of Intent "LOI" with Renegade Air ("Renegade") in Kenya to purchase nine (9) units of the STAR-ISMS® (In-Flight Safety Monitoring System).
Renegade Air was founded in 2012. It now serves the aviation market safely flying to Wajir Airport and Kisumu International Airport using Bombardier manufactured aircraft along these routes. Apart from regularly scheduled passenger services, they also offer private charters, ACMI Leasing, Evacuation and Relief services. They operate a fleet of DASH 8 Q300, DASH 8 Q200, Cessna Caravans, Fokker 50 & Fokker 70 aircraft. Their unwavering commitment to maintaining high standards of safety' customer experience' quality and reliability has uniquely positioned Renegade to meet and exceed all of their clients' expectations. They provide top quality service in the air charter transport services and lease mid to large aircraft to clients in Africa.
Headquartered in Nairobi and operating from Wilson Airport, Renegade also delivers humanitarian assistance to remote locations in East, Central and South Africa. Their unique understanding of these regions allows them to deliver competitively priced services and value to their clients.
Capt. Jonathan Kordich Executive VP of Star stated, "It is critical for Airlines to modernize their fleets in the interest of Accident Prevention and Operational Optimization, with the STAR-A.D.S.® System. We praise the intent and changes Renegade Air is commencing, to upgrade to this advanced technology in the interest of Air Safety, Efficiency and Green Operations.
Alvin Mohamed, Accountable Manager and Director of Flight Operations of Renegade commented, "Using the STAR-ISMS® system will enable Renegade Air to enhance its commitment to high standards of Safety and Reliability to its clients and customers". The STAR-ISMS® system has the capability to extract Big Data from the current aircraft data-buses, and through Data Analytics and Artificial Intelligence Technology can produce Incident / Accident Predictive and Preventative measures. Additionally, the Instant flight reports in Real-Time can provide the Airline dramatic Cost-Savings, without compromising the passengers comfort and safety.
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 (Military and Defence) designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
About Renegade Air - www.flyrenegadeair.com
Renegade Air established operations in 2012, providing aircraft leasing and charter solutions to ensure their operations continued growth as planned. Today, Renegade Air operates scheduled domestic flights services. The company also offers a range of customized solutions for the benefit of humanitarian and cargo operations by providing their aircraft on Charter or ACMI Leasing. They are a reliable partner and have tailor made solutions based on client requirements. The company also possess internal fleet maintenance capability. Renegade Air was voted the "Best Domestic Airline of the Year for 2022".
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
Capt. Jonathan Kordich, Executive Vice President at 1-705-434-0058
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143775