09.06.2022 | CSE:SNA | press release

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” to Fly540 Kenya (“Fly540”) to purchase three (3) Units of STAR-ISMS® (In-Flight Safety Monitoring System) for three (3) of its airline fleet.

Fly540 is East Africa’s leading low cost airline, offering low fares on scheduled flights to destinations in Kenya and Zanzibar in Tanzania all year round. Headquartered in Nairobi and operated by Jomo Kenyatta International and Wilson Airports, Fly540 flies 3 Dash-8 aircraft to Eldoret’ Kisumu’ Lamu’ Lodwar’ Malindi’ Mombasa and across the border to Zanzibar.

Fly540 took to the skies in November 2006. The company’s first flights took place between Nairobi and Mombasa using a 48-seat ATR 42-320 turboprop aircraft. The destination network was soon expanded with more domestic routes and additional aircraft were added to the existing fleet. The low-cost flights were immediately popular with passengers, as they were able to travel cheaply and conveniently by air for the first time.

Mr. Amir Bhatti, Chief Executive Officer of Star, said: “The Fly540 LOI is another achievement in Star’s revamped distribution efforts. We are excited for this opportunity to work with Fly540 on their Dash-8 aircraft, a new addition to our STC pool. We look forward to providing them with the solutions to improve their flight safety and streamline their operations.”

Fly540 Chief Executive Officer Mr Don Smith said: “We are very interested in installing the STAR-ISMS® system and look forward to using the product to improve our safety, efficiency and profitability.”

About Star Navigation Systems – www.star-navigation.com

Star Navigation Systems Group Ltd. manufactures the STAR-ISMS® onboard security monitoring system, the heart of the STAR-ADS®; System. The STAR-ADS® system is able to track performance trends and predict the occurrence of incidents in real-time, increasing flight safety and improving fleet management while reducing costs for the operator. Star’s MMI Division designs and manufactures high-performance, mission-critical, flat-panel flight deck displays for the defense and commercial aircraft industries worldwide.

About Fly540 – www.fly540.com

Fly540 is East Africa’s leading low-cost airline, offering year-round low fares on scheduled flights to destinations in Kenya and Zanzibar.

Forward-Looking Information

Certain statements in this press release may constitute “forward-looking statements.” Forward-looking statements are statements that address or discuss activities, events or developments that Star anticipates or expects to occur in the future. Words used in this press release such as “estimate”, “expect”, “plan”, “anticipate”, “project”, “will”, “believe”, “intend”, “should”, “could”, “may” and other similar terms are intended to identify such forward-looking statements.

Forward-looking statements reflect the current expectations and beliefs of Star 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 differ materially from those implied by such forward-looking statements.

Examples of such forward-looking information that may be included in this press release include statements about; growth and future prospects of our business; our perception 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 earnings.

Material factors or assumptions used in concluding or estimating the forward-looking statements may include, among other things, our ability to execute our business plan, increase visibility with consumers, convert users into revenue, generate subscribers and the business success of our partners . Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and are not necessarily an indication of whether or not such results will be achieved.

The risks posed to the airline industry by the COVID-19 pandemic are real and significant, but cannot currently be meaningfully defined or measured.

Should one or more of these factors or uncertainties materialize, or should any assumptions underlying any forward-looking statements prove incorrect, actual results may vary materially from the intended, planned, expected, believed, estimated or expected results described herein.

Accordingly, readers should exercise caution when relying on any forward-looking statements, and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.


Please visit www.star-navigation.com or contact us

Mr. Amir Bhatti, CEO at 1-416-252-2889 #230

[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127101

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