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Waterloo, Ontario, January 18th, 2005:
Navtech, Inc. (OTCBB: NAVH) awarded major contract with Air Canada.
Navtech, Inc. announced that Air Canada, Canada's largest airline, has signed a long-term agreement with Navtech to provide crew management solutions. The agreement includes the use of CLASSTM, Navtech's preferential bidding system, by flight attendants at Air Canada and their regional airline, Air Canada Jazz.
"This contract validates Navtech's preferential bidding system as a market leading product, and our ability to deliver superior solutions to major airlines," said David Strucke, Navtech's President and CEO. "Air Canada and Jazz are highly respected airlines and we are delighted to welcome them as Navtech customers."
Over 8,000 flight attendants at Air Canada and Air Canada Jazz will use CLASSTM to bid their scheduling preferences via the Internet. Air Canada together with its regional airline, Air Canada Jazz, operate an average of over 1300 flights per day serving more than 150 destinations across Canada and around the world.
"Selecting the Navtech system aligns with Air Canada's objectives to both reduce costs, and to utilize proven technologies to e-enable our workforce," said Steve Smith, Senior Vice President, Customer Experience, Air Canada. This new preferential bidding system gives us a cost efficient web-based scheduling tool that will at the same time provide our flight crews with more control over their monthly schedules."
About Navtech
Navtech creates and supports superior flight operations software for airlines. Navtech's software provides a competitive edge to airlines by facilitating significant costs savings in fuel consumption and crew planning, two areas that represent a majority of an airline's variable operating expenditures. With over 100 customers spanning more than 25 countries, Navtech's software directly supports millions of flights around the globe each year. Navtech and its employees understand the importance of creating solid partnerships between the company and its customers. Navtech has approximately 100 employees with offices in the United States, Canada, Singapore and the United Kingdom.
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.
Gordon Heard
Chief Financial Officer
Tel: +1 519 747 1170 x288
Fax: +1 519 747 5282
gheard@navtechinc.com
www.navtechinc.com
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