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Gold/Mining/Energy : PN - Pelorus Navigation partner with Honeywell -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Elbaum who wrote (72)	4/29/1998 10:46:00 PM
From: Step1	Read Replies (1) \| Respond to of 115

Answer from PN's PR firm... Mr Gilbert, Your request for information you send to Pelorus has been forwarded to my attention. Here is our response: 1. Pelorus will be releasing their 3rd Quarter financial information on April 28th. 2. We are not able to offer an explanation for the recent trading pressures on PN other than there has been strong selling pressures in very thin trading volume which resulted in PN losing some of its value. Furthermore, the performance of the Alberta Stock Exchange both for oil and gas issues and high-tech stocks has been lacklustre for quite sometime. 3. It has been Pelorus policy and will continue to be Pelorus policy to respond promptly to all shareholder questions. 4. With respect to your comments about the "new FAA policy regarding GNSS?", Pelorus notes that from our perspective of having been involved with GPS and GNSS for over 10 years that the FAA has always had a concern about the issue of catastrophic failures, intentional and unintentional jamming of any navigational/landing aid which was part of the system for which they have the operational responsibility. The issue of "reliability" of a Satellite Nav System is not a "new" issue but recently brought forward by some members of the US Congress that chose to make it a very public partisan issue and created the impression that it had not been part of the FAA's planning process. Here what the FAA has to say: (quotes from the FAA web page) ...there is virtually no way for the FAA to guarantee or preclude catastrophic event from occurring. Jamming can be done on all current FAA systems and is a primary concern of the FAA's Spectrum Policy and Management Office. They are deeply involved in the process of ensuring the best possible protection to the GPS signal including being able to respond to individual acts of intentional or unintentional jamming...... Pelorus does not perceive the issue of reliability has a "shift" in FAA direction since it has been one of the FAA's concerns in the past and therefore, does not warrant a re-orientation of marketing strategy as you have suggested. The SLS-2000 is the first satellite landing system in the world that has obtained FAA Type Approval and Pelorus feels it systems meet the issue of reliability. At this stage, work is still on-going in marketing the SLS in Canada, the US and abroad while working jointly with the regulatory process in ensuring and maintaining that the SLS-2000 meets and surpasses the safety and reliability requirements that are set. Sincerely, Michel Paquet Director, Investor Relations Hedlin/Lauder Associates Inc. (403) 266-1312 Toll-Free: 888-820-5511 email: i_r@nucleus.com