Mr. Jonathan Kordich reports

STAR ANNOUNCES LETTER OF INTENT "LOI" WITH CAVERTON HELICOPTERS LIMITED FOR THE PROCUREMENT OF THE STAR-ISMS IN-FLIGHT SAFETY MONITORING SYSTEMS AND AS A STAR NAVIGATION CHANNEL PARTNER IN WEST AFRICA

Star Navigation Systems Group Ltd. has signed a letter of intent (LOI) with Caverton Helicopters Ltd. for the Star-Isms (in-flight safety monitoring system) as its complete aviation solution for its current fleet of helicopters and aircraft. Caverton will also become a channel partner and maintenance repair and overhaul (MRO) installation service provider in West Africa.

Caverton Helicopters is a subsidiary of Caverton Offshore Support Group PLC. Caverton Offshore Support Group is the first fully integrated offshore support company in sub-Saharan Africa providing quality aviation and marine logistics services to businesses operating in the oil and gas industry. By embracing technology and building a formidable asset base and several physical infrastructures in the region, the Caverton Group is well positioned to harness the abundant opportunities currently available in the African market with the highest level of safety and efficiency. With a total staff strength of 650 employees across four West African countries and a combined fleet of 30 helicopters and aircraft, the Caverton Group has emerged as a true Pan African success story and partner of choice for the major players in the oil and gas sector and certainly the partner of choice for Star Navigation in bringing this technology to West Africa.

Captain Ibrahim Bello, managing director and accountable manager of Caverton Helicopters, stated: "Our focus has always been to provide an efficient unwavering commitment to highest standards of safety' reliability, quality and customer experience, which has uniquely positioned Caverton to exceed all our clients' expectations with the Star-Isms product and provide for maintenance, engineering, offshore oil and gas, military/defence, the inspiration in embracing the latest technological improved developments within the aviation sector of Africa."

Captain Jonathan Kordich, executive vice-president, Star Navigation Systems, stated: "We are very impressed by the capability, services, forward-looking thinking of Caverton. We praise the intent of Caverton to implement such significant technological changes in the interest of air incidents and accident preventions, operational optimization, cost-savings, and precision tracking to the ICAO GADSS (Global Aeronautical Distress Safety Systems) Standard. Additionally, we are pleased to announce our intent to become a channel partner with Caverton Helicopters in Lagos, Nigeria, and are confident the relationship will be further solidified within 30 days of this LOI."

About Star Navigation Systems Group Ltd.

Star Navigation Systems Group manufactures the in-flight safety monitoring system, Star-Isms, the heart of the Star-A.D.S. system.

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