Pelorus Makes Sale to People's Republic of China.CALGARY, Alberta--(BUSINESS WIRE)--June 17, 1996--Pelorus Navigation Systems Inc. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :PN) announces that it has been awarded a contract for two Pelorus Model 8900 Distance Measuring Equipment Distance Measuring Equipment (DME) is a transponder-based radio navigation technology that measures distance by timing the propagation delay of VHF or UHF radio signals. (DME (Distributed Management Environment) A network monitoring and control protocol defined by the Open Software Foundation (now The Open Group). DME was not widely used. DME - Distributed Management Environment ) systems for installation later this year at Zhujiajian International Airport now under construction in the Zhoushan Archipelago, which is 160 km south of Shanghai. DME is a navigational system which continuously provides slant distance information between the aircraft and airport providing greater reliability and accuracy. "The significance of the project", says Ed Fitzhenry, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Pelorus, "positions Pelorus very favourably for market expansion in China and far exceeds the $400,000 value of this initial contract." Funding for the project to meet the growing demands for safe, reliable all weather landings in China is facilitated through the Canadian International Development Agency The Canadian International Development Agency (CIDA) is a Canadian government agency which administers foreign aid programs in developing countries. CIDA operates in partnership with other Canadian organizations in the public and private sectors as well as other (CIDA CIDA Canadian International Development Agency CIDA Council for Interior Design Accreditation (Grand Rapids, MI) CIDA Centro de Información Documental de Archivos CiDA Certificate in Digital Applications ) with Monenco-AGRA Inc. of Ottawa as the prime contractor. Installed at over 150 airports worldwide on six continents, Pelorus' DME, one of the most advanced designs on the market, features high reliability components for extended life cycle performance and remote sensing capability to facilitate efficient monitoring and control of the system. Pelorus designs, manufactures, installs and maintains navigational systems for airports. The Company offers a full line of products including a local area differential Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. , the next generation of precision approach and landing technology. Pelorus has headquarters and engineering labs in Calgary, Canada and has manufacturing facilities in Calgary and Saskatoon, Saskatchewan, Canada. Pelorus is a public company trading on the Alberta Stock Exchange, trading symbol PN. -0- Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. In the World Wide Web address noted in this news release, there is a double slash between http: and www.pelorus.ca. These symbols may not appear properly in some systems. CONTACT: Pelorus Navigation Systems Inc. Shirley Fitzhenry Vice-President 403/250-9377 http://www.pelorus.ca |
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