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NavStar Technologies, Inc.: NavStar Field Testing a Great Success in Ecuador as Final Stages Commence

^{Published on 2009-07-28 06:25:01, Last Modified on 2009-07-28 06:25:08 - Market Wire}
 

ANAHEIM, CA--(Marketwire - July 28, 2009) - NavStar Technologies, Inc. (PINKSHEETS: [ NVSR ]), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo with specific geographic focus in Latin America, today announced that the field trial in Ecuador has entered the final stages and will result in the execution of a Purchase Order for 4,033 units worth $732,000.

After several months and many hours of testing, the field trial with the public transportation system in Ecuador has reached the final stages of testing with only a few software fixes to be resolved. NavStar and its "in-country" distribution partner, Fixed Equipment S.A. ([ www.fixgroup.net ]), are diligently working with the public transportation system in Ecuador to finalize the purchase order for 18,000 units (3,000 units more than the initial discussed order), to be delivered over two years, representing a revenue figure of $3.3 to $4.0M. A transaction of this magnitude represents a marginal 10% market share of Ecuador's transportation and service industry.

"With 25 units involved in the field trial we have stressed the system at all its critical points and it has proven itself extremely reliable and flexible and we are down to a few very minor software issues," said Roberto Manosalvas, General Manager, Fixed Equipment S.A. "NavStar's high quality device and technical support and our 'hands-on everyday' availability have been the deciding factor in winning this business."

"We are pleased that the field testing in Ecuador is nearing completion after many months of hard work. The time invested in Ecuador will be beneficial as we pursue other contracts in South America. The fact that we have units in service in Mexico, Brazil and Venezuela should make these contracts easier to close," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "Between our team and Roberto's team we have been extremely responsive to Ecuador's Public Transportation System and their desire to make this field trial as complete and through as possible."

FORWARD-LOOKING STATEMENT

This press release contains forward-looking statements within the meaning of U.S. federal securities laws, that involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this press release.

About NavStar Technologies, Inc.

NavStar is focused on the creation of products and services that provide tracking and monitoring of vehicles and high value cargo, equipment, and other valuable and personal assets.