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Gold/Mining/Energy : PN - Pelorus Navigation partner with Honeywell
PN 0.724-2.2%Dec 31 3:59 PM EST
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To: Bernard Elbaum who wrote (81)6/28/1999 11:47:00 AM
From: David Michaud  Read Replies (1) of 115
 
Pelorus Navigation Systems Inc -
Pelorus Navigation Systems wins DME order from Nav Canada
Pelorus Navigation Systems Inc PN
Shares issued 8,392,027 1999-06-16 close $0.75
Thursday Jun 17 1999

Mr. Mikel Damke reports
Pelorus Navigation Systems has received an order for five Pelorus Model 8900 Distance Measuring Equipment (DME) systems with complete spares from Canada's aviation services provider, Nav Canada. These systems will be delivered in the fiscal year ending May 31, 2000, for immediate installation in several of Canada's major international airports.
"Pelorus is delighted to continue its long-term relationship with Canada's aviation services provider as a valued supplier of world-class ground-based navigation aids," said Michael Beamish, president and chief executive officer, Pelorus Navigation Systems. "This order, which is worth slightly less than $1-million will be delivered over the next 12 months. It will generate in excess of 10 person years of Canadian employment and will help return Pelorus to profitability in 2000."
The Pelorus Model 8900 DME is designed to meet the stringent requirements of Transport Canada and meets or exceeds the requirements of the International Civil Aviation Organization (ICAO).
Pelorus Navigation Systems Inc. has a 16-year track record as a specialist in ground-based navigation systems for airports and has supplied navigation systems to more than 200 airports on six continents.
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