Honeywell/Pelorus Satellite Landing System Nears Type Acceptance and Operational Approval.

CALGARY, ALBERTA--(BUSINESS WIRE)--June 18, 1997--(Alberta Stock Exchange PN.) Honeywell Inc. announced at the Paris Airshow that the Honeywell/Pelorus Satellite Landing System (SLS-2000) moved toward type acceptance and operational approval from the Federal Aviation Administration at its initial U.S. installations at Minneapolis/St. Paul and Newark, N.J. international airports. The SLS-2000 is expected to be the world's first certified system when it receives FAA Special category 1 type acceptance this summer.

The SLS-2000 was selected for installation and use by Continental Airlines at Newark International Airport in a program sponsored by the Air Transport Association. The data collected during Project Newark will be used by the FAA as the baseline for future certification processes for precision approaches benefiting other air carriers as well as general aviation.

In addition to the U.S. installations, the Honeywell/Pelorus Satellite Landing System has been purchased for installation in Australia, Brazil, Canada and Russia, with sales pending in several other countries. In Melbourne, Australia, San Jose dos Campos, Brazil and Regina, Saskatchewan, Canada the SLS is undergoing type acceptance procedures through the Air Services Australia, Directoria de Electronica e Protecao ao Voo (DEPV) and Transport Canada, respectively

"We are seeing a rapid increase in interest in Honeywell's total system solution as airport operators become familiar with our ability to apply DGPS-based technology to practical uses that will increase operating efficiency and safety at their airports," said Mike Smith, vice president and general manager for Honeywell's Business and Commuter Aviation Systems. "The SLS makes good business sense for airports as well as aircraft operators."

"GPS initiatives represent the greatest leap forward in aviation since the introduction of the jet engine," said Jeffrey Hamiel, executive director of the Metropolitan Airports Commission (MAC) in Minneapolis. "By providing precise landing guidance for all types of approaches, including circling approaches, the SLS enables aircraft to avoid long, straight-line paths to runways. This helps decrease the traffic and resulting noise in neighbourhoods in those paths."

"There is no other instrument approach aid available today that provides greater navigational flexibility and accuracy than the Satellite Landing System," said Jeff Ariens, Continental's GPS Program Director for Project Newark. "The ability to use DGPS for precision approaches can improve Continental's on-time performance, enhance safety, increase savings in fuel expenses, and help reduce air traffic noise, congestion and weather related delays."

Peter Bolton, Pelorus' vice president, marketing says "The low cost and operational advantages of the Honeywell/Pelorus SLS over existing systems paves the way to equip the 48,000 airports in the world that would benefit from the enhanced safety, reliability and efficiency of satellite based precision approach and landing capability."

Honeywell / Pelorus History

In January, 1995, Honeywell Inc. of the United States and Pelorus Navigation Systems Inc. of Canada entered into an exclusive teaming agreement to design, manufacture, install and maintain a Satellite landing System for sole means precision approach and landing.

Pelorus Navigation Systems Inc., Honeywell's partner in the design, manufacture and installation of the SLS ground station has a 14 year track record as a specialist in ground- based navigation systems. Pelorus has supplied navigation systems to more than 150 airports worldwide.

Honeywell is a global controls company providing products, systems and services that increase comfort, environmental protection, energy conservation, productivity and safety in homes and buildings, industry, and aviation and space. The company employs 53,000 people in 95 countries on six continents and had 1996 sales of U.S. $7.3 billion.

The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein.

CONTACT: Pelorus Navigation Systems Inc.

Shirley Fitzhenry, 403/ 730-5555

403/ 730-5511 (FAX)

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