CLEARWATER, Fla., July 21, 2003 (PRIMEZONE) -- SkyWay Communications Holding Corp. (OTCBB:SWYC) and its wholly owned subsidiary, Sky Way Aircraft Inc., announced today that it had entered into a Letter of Intent (LOI) with Star Navigation Systems Group, Ltd (TSX Venture Exchange:SNA) of Toronto, Ontario, Canada.
Star Navigation Systems Group, Ltd provides systems for improving the safety and fleet management capability of the air transport industry through the use of their patent pending and advanced technologies. Some of the Star technologies include, the in-flight safety monitoring system (ISMS(TM)), medical and patient monitoring, environment monitoring and Internet access. SkyWay's advanced patented technology systems, and with the availability of its nation-wide ground network and increased bandwidth technology, will provide the high-speed connection to and from the aircraft.
Terms of the LOI call for the both companies to investigate the possibilities of joining airborne integrated systems to provide, both domestic and internationally, a full range of in-flight systems monitoring services to the aircraft industry.
Brent Kovar, President of Sky Way Communications Holding Corp. said, "The achievable outcome of this collaboration will be a hybrid system that combines both the increased personnel security along with an aircraft system monitoring system that should prove to be the package that the airlines have been asking for."
Viraf Kapadia, CEO of Star Navigation was quoted as saying, "We are positive that the outcome of this LOI will dovetail perfectly with our marketing strategies and will allow both companies access to a larger customer base. The joining of the efforts of both our companies is designed to result in a superior product that will offer the flying public what we believe to be the fastest and most versatile in-flight entertainment service package available today while simultaneously surrounding them in a safe and secure flying environment."
About Sky Way Aircraft, Inc.
Sky Way Aircraft, Inc. is a Clearwater, Florida based company that is developing a unique ground to air in-flight aircraft communication network that it anticipates will facilitate homeland security and in-flight entertainment. Sky Way Aircraft is focused on bringing to the market a network supporting aircraft-related service including anti-terrorism support, real time in-flight surveillance and monitoring, WIFI access to the Internet, telephone service and enhanced entertainment service for commercial and private aircraft throughout the United States. Based on the final upgrading of a previous airborne telephone and communications network, Sky Way Aircraft intends to provide broadband connectivity between the ground and in-flight aircraft throughout the U.S. using technology that provides a broadband high-speed data transmission. Sky Way Aircraft intends to be the communications solution for commercial and private aircraft owners wanting real time access to on-board security systems, aircraft health and welfare monitoring, avionics operations and for passengers wanting real time high-speed access to the internet. Their network will enable applications that can personalize the in-flight entertainment experience, provide real time access to flight management avionics with long-term data storage and also support for ground monitoring of in-flight surveillance systems that are being designed with the goal of enhancing current airline security standards.
About Star Navigation Systems Group, Ltd.
Star Navigation Systems Group, Ltd, is the developer of the In-Flight Safety Monitoring System(TM). Star Navigation has recently tested and certified, by both Transport Canada and the United States FAA, a proprietary system that it has developed to transmit data from the aircraft to ground based data centers for the duration of a flight. The system closely and actively monitors a flight from beginning to end. The Star Navigation system is one of the first systems in the world to offer a direct connection between the ground and the aircraft for real-time monitoring of on-board airplane systems. For more information, www.star-navigation.com
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
For more information about SkyWay Communications Holding Corp. please contact: Brent Kovar, President (727) 535 8211 OR www.skywayaircraftsecurity.com