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Star Navigation $SNA.ca Provides a Refocused Business Strategy Update

Posted by AGORACOM-JC at 12:57 PM on Wednesday, July 24th, 2019
Sna
  • STAR-A.D.S. ® system installed on a major VVIP private operator in the Mid-East has been operating for more than one year now, to the satisfaction of the customer.
  • Contract for 5 aircraft installations with a scheduled flights airline in Egypt has been implemented.
  • Production of 27 STAR-A.D.S.® System units has commenced in order to meet ongoing requirements.

TORONTO, July 24, 2019 – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) (“Star” or the “Company”) is pleased to provide an update on its current 2019 re-focused business strategy.

The STAR-A.D.S. ® system installed on a major VVIP private operator in the Mid-East has been operating for more than one year now, to the satisfaction of the customer. Discussions are being finalized to expand the installation of the STAR solution of real-time monitoring to the rest of the customers’ fleet.

The contract for 5 aircraft installations with a scheduled flights airline in Egypt has been implemented. The first installation is scheduled for Fall 2019 as scheduling permits, with the balance of fleet installations to match the C-check schedule of the remaining aircraft in the fleet.

Production of 27 STAR-A.D.S.® System units has commenced in order to meet ongoing requirements.

An adaptation of the STAR-A.D.S. ®, System has been installed on a Bombardier Global 7500 test aircraft for almost 2 years, as part of a government Research and Development study on the effects of high altitude flights on the health of crew, passengers and equipment. Our System has proved its flexibility and adaptability, being connected in record time to existing avionics systems of the aircraft, and by being installed and interfaced with very specific sensors. While the R&D program is successfully extended for all of 2019, a derived commercial version of that application is also under discussion.

STAR-A.D.S. ® System adaptations on a fleet of small sized transport and liaison aircraft (10 passengers) and helicopters as retrofit systems were recently presented to a large Asian Defense organization. Star Navigation is actively pursuing this prospect with a proposal requested for Fall 2019, concurrent with the customer’s budgetary cycle.

The STAR M.M.I.™ Division (displays), continues to service, repair and offer case-by case new unit build for legacy LCD panels for Lockheed Martin (P3 aircraft), Northrop Grumman, and Blue Aerospace. Star qualified for these activities as a stable, long-term and direct offsets (Industrial Regional Benefit “IRB”) provider to these main US based integrators.

The STAR-ISAMM™ and STAR-LSAMM™ systems have generated a rapid and growing interest in the North American market. A Distribution and Sales agreement with AMS Heli Design has been signed, with the first contract covering 6 installations on EMS helicopters awaiting final approval by the end customer. If approved, installations are expected to start at the end of 2019.  

A Cooperation Agreement has been signed with AIRMEDIC relating to the integration of the STAR-ISAMM™ system into their fleet of fixed-wing and rotary-wing aircraft, with the possible extension of the integration of the STAR-LSAMM™ equipment into affiliated ground ambulance service providers.

STAR-ISAMM™ presentations have been made targeting Canadian Defense retrofit programs. Star has received a high level of interest from the military industry and market segments.

Two applications have been submitted to the Federal and Provincial governments for Research and Development funding covering mid-2019 to end of 2021.

As a result of the recent much needed reorganization efforts, the Company has achieved cost savings of over $500,000 per annum.

Viraf Kapadia, Chairman & CEO of Star said:

“A significant part of the recent corporate reorganization involves the Sales Department at Star, which has not performed to expectations. The Company is actively working on building a new Sales team with proven aviation experience, drive and commitment. There have also been many developments on the technical and product front. The Company has recently successfully completed its regular AS 9100 Rev “D” quality audit. Additionally, stages 1 and 2 of ISO 13485 & MDSAP (Medical Device for Single Audit Program) for medical devices are also now completed and awaiting certification. We are in the process of obtaining Health Canada and FDA licenses required for STAR-ISAMM™ and STAR-LSAMM™, and are working on various new G3 STAR-A.D.S.® STCs, as well as on improvements to our GUI. We have three products awaiting certification, and we have just passed CGR inspection review at our new premises. I am proud to say that our Company is able to demonstrate a quality profile that offers a potential customer a blend of the Aerospace standard AS 9100 Rev “D”, ISO 9001:2015 and the medical standard ISO 13485. This is a unique combination that may open many sales opportunities.”

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ®, STAR-ISAMM™ and STAR-LSAMM ™ Systems. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Stars’ M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from C-130 aircraft, to Sikorsky and Agusta Westland helicopters, as examples.

Stars’ subsidiary, Star-Isoneo Inc. is a specialised software firm, developing complex solutions in engineering, simulation and development for Canadian customers. Star-Isoneo works closely with Star in the development of the Company’s MEDEVAC (STAR-ISAMM™ and STAR- LSAMM™) applications of the patented STAR-A.D.S. ® technology, and on its current R&D program with Bombardier.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or contact

Viraf S. Kapadia, CEO (416) 252-2889 Ext. 230 

[email protected]

INTERVIEW: Star Navigation $SNA.ca Discusses Sale of Five STAR-A.D.S.® Systems To AlMasria Universal Airlines

Posted by AGORACOM-JC at 1:42 PM on Monday, December 3rd, 2018

Star Navigation $SNA.ca Completes Sale of Five STAR-A.D.S.® Systems To AlMasria Universal Airlines

Posted by AGORACOM-JC at 10:38 AM on Tuesday, November 13th, 2018

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  • Announced that AlMasria Universal Airlines (“AlMasria”) of Egypt has decided to proceed with the installation and activation of the STAR-A.D.S.® System across all five (5) of its current aircraft fleet, which includes A-320, A-321, A330 and B737 aircraft

TORONTO, Nov. 13, 2018 – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE:SNA.CN) (OTCQB: SNAVF) (“Star” or the “Company”) is pleased to announce that AlMasria Universal Airlines (“AlMasria”) of Egypt has decided to proceed with the installation and activation of the STAR-A.D.S.® System across all five (5) of its current aircraft fleet, which includes A-320, A-321, A330 and B737 aircraft.

The terms of the original procurement agreements dating back to late 2013 and 2015 have been revised and expanded to meet the changed needs of the airline.  With AlMasria expansion plans already underway with the addition of more aircraft and routes, the new Agreement includes a provision to accommodate future additions to their fleet.

STAR-A.D.S.® PROVIDES ALMASRIA WITH OPERATIONAL COST EFFICIENCIES AND COMPLIANCE WITH UPCOMING INTERNATIONAL CIVIL AVIATION RECOMMENDATIONS

The STAR-A.D.S.® System will help AlMasria achieve important operational cost efficiencies to pursue its growth plans, as well as immediately meet the most recent recommendations of the International Civil Aviation Organization (“ICAO”) concerning the Global Aeronautical Distress and Safety System (“GADSS”). Specifically, ICAO has recommended that, as of November 2018, airlines should report flight positions every 15 minutes over oceanic areas and, as of January 2021, there should be autonomous location and tracking of aircraft in distress at least once every minute.

The STARA.D.S.® System already exceeds compliance with all of the ICAO GADSS recommendations and evolutions planned from 2018 to 2021 and beyond. (See Star Press release of June 11, 2018 for expanded discussion and details).

Viraf Kapadia, CEO of Star Navigation Systems said:

“Completion of this sale to AlMasria covering their entire fleet will allow us to deploy our tracking and monitoring solutions on the most popular commercial aircraft in a competitive region of the world. We have already worked out the validation process of our Transport Canada STC’s by the local authorities (ECAA) and we are ready to fast track the implementation of our solution. The full benefits of our STAR-A.D.S.® System, from immediate compliance with the coming navigation tracking and reporting rules, to operational cost savings, will help AlMasria gain a competitive edge in a rapidly evolving market.”

This Press Release Is available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders. https://agoracom.com/ir/StarNavigationSystems/forums/discussion

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star’s M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from P-3 Orion and C-130 aircraft, to Sikorsky and AgustaWestland helicopters, as examples.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or

Roger S. Peacock, (416) 252-2889 Ext. 225

[email protected]

STAR $SNA.ca to demonstrate MEDEVAC applications of its STAR-A.D.S. ® system in Montreal

Posted by AGORACOM-JC at 8:32 AM on Wednesday, October 10th, 2018

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  • Scheduled a set of demonstrations of its In-Flight System Aided Medical Monitoring system to aerospace industry leaders based in Canada
  • Demonstrations, to take place the third week of October following the ones attended by prospects in the United States, will focus on OEMs and potential users and will specifically address emergency air medical services.

EMERGENCY MEDICAL SERVICES APPLICATIONS

TORONTO, Oct. 10, 2018 — Star Navigation Systems Group Ltd. (CSE: SNA) (CSE:SNA.CN) (OTCQB: SNAVF) (“Star” or the “Company”) announces that it has scheduled a set of demonstrations of its In-Flight System Aided Medical Monitoring system (“STAR-ISAMM™â€) to aerospace industry leaders based in Canada.

The demonstrations, to take place the third week of October following the ones attended by prospects in the United States, will focus on OEMs and potential users and will specifically address emergency air medical services.

The aim of the STAR-ISAMM™ (and of the Land System Aided Medical Monitoring, or “STAR-LSAMM™â€ for the ground ambulances), is to improve the quality of Emergency Medical Services during a medical evacuation, offering the chance of  better survivability of the patient through the integration and validation of new advanced technologies.

This is achieved by:

  • Adapting the patented STAR-A.D.S. ® System to the EMS environment.
  • Collecting, securing and transmitting the real-time medical biodata, through a two-way, robust and secure transmission.
  • Interfacing with EMS services, in the air and on the ground.
  • Providing better patient care with a seamless hospital virtual environment and key preventative medical information to emergency vehicles.

Ultimately, both systems will offer EMS/first aid support for quicker and better decision making in:

  • Early Response
  • On Scene Care
  • Care in transit
  • Transfer to definitive care

This Press Release Is available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders.    https://agoracom.com/ir/StarNavigationSystems/forums/discussion

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star’s M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from P-3 Orion and C-130 aircraft, to Sikorsky and AgustaWestland helicopters, as examples.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or contact

Jean-Louis Larmor, (416) 252-2889 Ext. 221
C.O.O.
[email protected]

CLIENT FEATURE: Star Navigation $SNA.ca Real-Time Flight Tracking and Monitoring Technology

Posted by AGORACOM-JC at 11:06 AM on Wednesday, October 3rd, 2018

STAR-A.D.S.®

  • On-board real-time monitoring and data analysis system that provides a “virtual window into an aircraft”
  • As cost-effective air to ground communication system that automatically and securely transmits flight data and incident alerts.
  • Continuously monitors selected avionics systems on the aircraft from power-on to power-off, instantly analyzes the data, and transmits selected data and any incident alerts, via satellite to the operator.
  • Acts as an early warning system, detecting the earliest signs of potential problems
  • Performs these functions in “real-time” providing essential safety monitoring to the benefit of passengers, aircraft personnel, and ground crew
  • Applications include: Commercial Airlines, Helicopters, Business Aircraft, Assist Search and Rescue by providing last transmitted location
  • Recent applications: Emergency Medical Services (airborne and ground vehicles), Land vehicles

CHECK OUT RECENT INTERVIEW

FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.

CLIENT FEATURE: Star Navigation $SNA.ca Real-Time Flight Tracking and Monitoring Technology

Posted by AGORACOM-JC at 3:25 PM on Wednesday, September 19th, 2018

STAR-A.D.S.®

  • On-board real-time monitoring and data analysis system that provides a “virtual window into an aircraft”
  • As cost-effective air to ground communication system that automatically and securely transmits flight data and incident alerts.
  • Continuously monitors selected avionics systems on the aircraft from power-on to power-off, instantly analyzes the data, and transmits selected data and any incident alerts, via satellite to the operator.
  • Acts as an early warning system, detecting the earliest signs of potential problems
  • Performs these functions in “real-time” providing essential safety monitoring to the benefit of passengers, aircraft personnel, and ground crew
  • Applications include: Commercial Airlines, Helicopters, Business Aircraft, Assist Search and Rescue by providing last transmitted location
  • Recent applications: Emergency Medical Services (airborne and ground vehicles), Land vehicles

CHECK OUT RECENT INTERVIEW

FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.

STAR-A.D.S. ®$SNA.ca system has received its approval from the General Authority of Civil Aviation of the Kingdom of Saudi Arabi

Posted by AGORACOM-JC at 11:53 AM on Monday, September 17th, 2018

Sna

  • STAR-A.D.S. ® system has received its approval from the General Authority of Civil Aviation of the Kingdom of Saudi Arabia
  • This important step from a renowned regulation Authorities is the most recent validation granted to the Star Navigation system

TORONTO, Sept. 17, 2018 — Star Navigation Systems Group Ltd. (CSE: SNA) (OTCQB: SNAVF) (“Star” or the “Company”) is pleased to announce that the STAR-A.D.S. ® system has received its approval from the General Authority of Civil Aviation of the Kingdom of Saudi Arabia. This important step from a renowned regulation Authorities is the most recent validation granted to the Star Navigation system.

It builds on Star credibility and visibility while the company keeps on engaging with operators and stakeholders in this region of the world. In the short run, Star will now work on the implementation of its STAR-A.D.S. ® solution over the remaining part of the fleet of its current local customer.

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® system. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Stars’ M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from P-3 Orion and C-130 aircraft, to Sikorsky and AgustaWestland helicopters, as examples.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management, are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or

Jean-Louis Larmor, (416) 252-2889 Ext. 221
C.O.O.
[email protected]

Star Navigation $SNA.ca Provides Corporate Update

Posted by AGORACOM-JC at 3:08 PM on Tuesday, September 11th, 2018

Sna

  • Confirmed that the joint research and development program with Bombardier and other industrials and universities of Canada is progressing very positively
  • STAR-A.D.S. ® system which is at the heart of the program, after having been validated and extensively used by the aircraft manufacturer, has now been transferred to another flight test vehicle to complete the flight testing and the data collection

TORONTO, Sept. 11, 2018 — Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCQB:SNAVF) (“Star” or the “Company”) is pleased to provide shareholders with the following comprehensive update.

BOMBARDER JOINT RESEARCH AND DEVELOPMENT PROGRAM

Star is pleased to confirm that the joint research and development program with Bombardier and other industrials and universities of Canada is progressing very positively. The STAR-A.D.S. ® system which is at the heart of the program, after having been validated and extensively used by the aircraft manufacturer, has now been transferred to another flight test vehicle to complete the flight testing and the data collection.

EMERGENCY MEDICAL SERVICES APPLICATIONS

Star’s Land System Aided Medical Monitoring system (“STAR-LSAMM™â€) for ground ambulance applications has undergone a series of demonstrations by a care organization in North America. Its airborne parent system, the In-Flight System Aided Medical Monitoring system (STAR-ISAMM™â€), has now been demonstrated to several stakeholders of the commercial and civil air ambulance market.

STAR-A.D.S. ® KINGDOM OF SAUDI ARABIA

The STAR-A.D.S. ® system, which recently earned its FAA certification, has been validated on an Airbus aircraft and is now expecting its General Authority of Civil Aviation of the Kingdom of Saudi Arabia. The first flying system in the Gulf becomes our local ‘showcase on real-time tracking, monitoring and GADSS compliance.

STAR M.M.I. ™ ASIA AND FURTHER QUALIFICATIONS

STAR M.M.I. ™ has successfully submitted a proposal to a new Asian customer for military displays retrofit program to start in November this year.

STAR which is already ASI9100D qualified – the latest standard for aerospace activities – and authorized to work on military programs under the Canadian Controlled goods program, is undertaking steps to have its quality management system qualified for medical equipment.

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders.
https://agoracom.com/ir/StarNavigationSystems/forums/discussion

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Stars’ M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from P-3 Orion and C-130 aircraft, to Sikorsky and AgustaWestland helicopters, as examples.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “expected” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or

Jean-Louis Larmor, (416) 252-2889 Ext. 221

C.O.O.

[email protected]

CLIENT FEATURE: Star Navigation $SNA.ca Real-Time Flight Tracking and Monitoring Technology

Posted by AGORACOM-JC at 2:21 PM on Monday, September 10th, 2018

STAR-A.D.S.®

  • On-board real-time monitoring and data analysis system that provides a “virtual window into an aircraft”
  • As cost-effective air to ground communication system that automatically and securely transmits flight data and incident alerts.
  • Continuously monitors selected avionics systems on the aircraft from power-on to power-off, instantly analyzes the data, and transmits selected data and any incident alerts, via satellite to the operator.
  • Acts as an early warning system, detecting the earliest signs of potential problems
  • Performs these functions in “real-time” providing essential safety monitoring to the benefit of passengers, aircraft personnel, and ground crew
  • Applications include: Commercial Airlines, Helicopters, Business Aircraft, Assist Search and Rescue by providing last transmitted location
  • Recent applications: Emergency Medical Services (airborne and ground vehicles), Land vehicles

CHECK OUT RECENT INTERVIEW

 

FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.

Star Navigation $SNA.ca Announces Private Placement

Posted by AGORACOM-JC at 10:13 AM on Thursday, September 6th, 2018

Sna

  • Announced that it will close a non-brokered private placement on Sept 05, 2018, issuing 46,708,000 units of the Company at a price per Unit of $0.05 for gross proceeds of $2,105,000

TORONTO, Sept. 06, 2018 — Star Navigation Systems Group Ltd. (CSE: SNA) (OTCQB: SNAVF) (“Star” or the “Company”) is pleased to announce that it will close a non-brokered private placement on Sept 05, 2018, issuing 46,708,000 units of the Company (the “Units”) at a price per Unit of $0.05 for gross proceeds of $2,105,000.

Each Unit consists of one common share in the capital of the Company and one warrant. One warrant entitles the holder to purchase one (1) additional common share of the Corporation at seven ($0.07) cents per warrant exercised. The warrants are exercisable during the one (1) year period from the date of issue.

All securities issued in the Offering and any shares issued upon exercise of warrants are subject to a four month statutory hold period from the date of issuance.

The net proceeds of the placement will be used for completing research and development, intensifying sales and implementation activities and corporate overhead. Star has agreed to pay finder’s fees in the amount of ten (10%) percent of gross proceeds in Units. The price was reserved with the CSE.

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star’s MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “may, “would”, “could”, “will” and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star’s actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements, except as required by law.

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or
Viraf Kapadia, CEO, (416) 252-2889 Ext. 230
[email protected]