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Waterloo, Ontario, January 31, 2003:
Navtech, Inc. (OTCBB: NAVH), a leading international provider of mission critical aviation software and services is pleased to have been awarded the weight and balance and load planning contract with North American Airlines. North American Airlines operates worldwide as a U.S. scheduled Flag airline as well as offering worldwide charters.
C.G.ProTM is an advanced weight and balance system combining aircraft first principals and technology to provide load planning, tracking, and final load calculation solutions. Typically weight & balance is completed on a manual load sheet, a sub-optimal and error prone process. C.G.ProTM automates this process and ensures consistency and minimizes errors. The system includes optimizers to reduce aircraft drag, thereby, improving fuel economy and the ability to find optimal and legal solutions for loads with many destinations to minimize handling.
Paul T. Miller, North American Airlines Vice President Operations said, "As North American Airlines analyzed its future needs in conjunction with the acquisition of a new aircraft type, the B767, the need for a accurate and portable means of calculating weight and balance became apparent. Our review of potential venders of such a product and the cost associated with providing weight and balance information throughout a world wide operational arena left numerous questions unanswered. Close liaison with the professional staff at Navtech and our Operations Staff led us to Navtech's computer based solution, C.G.ProTM. We continue to look forward to final testing of Navtech�s product which we believe will lead to economies in loading and a more timely solution to our weight and balance procedures utilized on the B767 and B757 aircraft."
"Navtech is pleased to be able to provide North American with C.G.ProTM our new, industry leading weight and balance solution. With the development and inclusion of the wide-body module, C.G.ProTM now has the functionality and technology to support both passenger and cargo configurations for all sizes of aircraft. Navtech is committed to providing our customers with the advanced technology and tools required to run an efficient, safe and integrated operation which will reduce errors and increase safety," said Derek Dawson, Vice President of Sales and Business Development.
About North American Airlines:
North American Airlines is based out of JFK International Airport, New York and consists of a fleet of Boeing 757-200 and Boeing 767-300ER aircraft. NAA provides feeder flights for EL AL Israel Airlines from New York and Los Angeles, Miami, Chicago and other cities. NAA offers international overseas charter flights as well as charter flights for major clients like Club Med, GWV, U.S. and foreign military charters, as well as the White House Press Corps.
About Navtech:
Navtech is committed to providing the advanced technology and vital solutions required to run an accurate, efficient, and integrated airline operation. These dynamic systems are designed to assist commercial passenger and cargo air carriers in the areas of dispatch systems, crew management, scheduling and operations control, and ground operations.
Our highly skilled and experienced technical and flight operations workforce has effectively positioned us ahead of others in meeting and exceeding our customers� requirements. Our success is directly linked to the confidence, competence, commitment, and congruence of our entire team.
Navtech continues to make investments in its full suite of dispatch and operations solutions by providing customized products and services to meet the integration requirements of our customers. With 118 customers spanning over 29 countries, Navtech understands the importance of creating solid relations between the company and our customers. Navtech has offices in the United States (Monterey), Canada (Waterloo) and the United Kingdom (Gatwick).
FORWARD-LOOKING STATEMENTS
This release may include forward-looking statements concerning the Company's intent, belief or current expectations with respect to, among other things, trends affecting its financial condition or results of operations and its business and growth strategies. Such forward-looking statements are based upon assumptions that may not be correct, are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those projected, expressed or implied. The Company does not undertake any obligation to update or revise any forward-looking statements. All forward-looking statements are subject to the risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, including those set forth under "Other Considerations" in the "Management's Discussion and Analysis or Plan of Operation" section of the Company's Annual Report on Form 10-KSB for the year ended October 31, 2004.
For further information please contact:
Navtech, Inc.
Lyssa Nielsen
Tel: +1 519 747 1170 x229
Fax: +1 519 747 5282
lnielsen@navtechinc.com
www.navtechinc.com
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