Posted by Aidi Munoz
at 11:54 AM on Monday, November 13th, 2023
Industry Outlook and Star Navigation Systems’ Trajectory: The International Air Transport Association’s (IATA) recently released Safety Report for global aviation reflects a positive trend with reduced fatal accidents and a declining fatality risk. As the aviation industry looks towards enhanced safety, Star Navigation Systems stands as a beacon, strategically positioned to leverage and contribute to these advancements.
Voices of Authority: Willie Walsh, IATA’s Director General, emphasizes the significance of continued safety analysis despite aviation’s exceptional safety record. His insights align with Star Navigation Systems’ commitment to advancing aviation safety through cutting-edge technology.
Star Navigation Systems’ Highlights:
Real time engine condition monitoring
Take off to landing aircraft, data analysis and fuel insights
One stop comprehensive data analysis dashboard
Automatic flight data transfer and end of flight reports to operator at end of each flight
Automatic black box data transfer from aircraft during distress
Star Navigation Systems is actively collaborating with key partners:
Aero Contractors: Advancing LOI with sales agents in Lagos, Nigeria, working to solidify a purchase order contract.
Air Peace: Received a proposal request from Nigeria’s Air Peace for Star-ISMS® installation across their fleet.
Astral Aviation: Announced the sale of seven aircraft in June 2022, with the project progressing, contributing to revenue streams.
Ethiopian Airlines: Submitted a comprehensive proposal to Ethiopian Airlines, covering data transmission, inflight analysis, post-flight tracking, and proactive maintenance capabilities.
Nigerian Air Force: Engaged in discussions to modernize the military with cutting-edge hardware and software solutions.
LOI with 30B PROJECT: LAPSSET African Infrastructure Project
STAR NAVIGATION HAS ANSWERED THE CALL
Real-world Relevance: In a world where every flight takes off and lands safely, Star Navigation Systems contributes by offering real-time inflight analysis and safety monitoring. Imagine a flight every day for 25,214 years to experience a 100% fatal accident—a testament to the industry’s low risk, made even safer by companies like Star Navigation Systems.
Looking Ahead with Star Navigation Systems: As the aviation industry embraces a risk-based safety model, Star Navigation Systems is at the forefront, aligning its goals with the industry’s commitment to continuous improvement. With a focus on global standards and innovations Star Navigation Systems is set to shape the future of connected aviation.
Conclusion: In the evolving landscape of aviation safety, Star Navigation Systems emerges as a pivotal player, contributing to the industry’s positive trajectory. Investors seeking a blend of technological innovation and industry foresight should closely watch Star Navigation Systems. The company’s commitment to safety aligns seamlessly with the industry’s upward trajectory, making it a compelling prospect for those keen on the future of aviation technology.
Posted by AGORACOM-JC
at 4:19 PM on Thursday, March 10th, 2022
To understand Star Navigation $SNA you first have to understand the problem they are solving.
At any given time 200-300 planes can be off the grid when flying and no one knows where they are. In an era in which GPS can easily track dogs, trains and automobiles, it’s hard to imagine that airplane tracking systems are not the strongest of all.
The Malaysian Air Flight 370 and Air France 447 disasters showed the world the weakness in plane monitoring systems … and the strong need for a real solution.
ENTER STAR NAVIGATION SYSTEMS
$SNA is a Flight Sciences Company that bridges the gap between flight experience and flight safety in real-time. In layman terms, that means the Company’s technology provides a continuous connection between planes and the ground … and the result is more than just tracking:
● Real-Time Aircraft Health and Engine Condition Monitoring
● Fuel Management System
● Fleet Management … and more
The Company’s flagship product is the STAR Airborne Data Service (STAR-ADS) which is powered by the patented STAR In-Flight Safety Monitoring System (STAR-ISMS).
GOING TO MARKET WITH FLIGHTPATH – A LEADING PROVIDER TO GLOBAL AIRLINE INDUSTRY SERVING 160+ OPERATORS IN 60+ COUNTRIES
Founded in 2003, FlightPath International is a leading provider of Training and Operational Support services for the commercial airline industry worldwide. FlightPath offers Technical, Pilot, Multi-Crew Pilot Licensing, Cabin and Dispatcher training, with aircraft types that include Airbus, Boeing, Bombardier, De Havilland, and Embraer; serving over 160 Operators in over 60 Countries. Over the past 18 years FPI has gained a reputation for providing the highest standard of Original Equipment Manufacturer (“OEM”) training and customer service.
KENYAN CONFERENCE ATTENDEES REPRESENTED OVER 100 AIRPLANES
Together $SNA and FlightPath hosted an invitation only conference in Kenya for small to mid-sized airlines that represented over 100 airplanes – and if this video is any indication given the partners enthusiasm – it appears to have been a great success with orders expected to be flowing in the coming months.
Sit back and watch this powerful AGORACOM Exclusive with Star Navigation Systems!
Posted by AGORACOM-JC
at 5:44 PM on Monday, February 21st, 2022
To understand Star Navigation $SNA you first have to understand the problem they are solving.
At any given time 200-300 planes can be off the grid when flying and no one knows where they are. In an era in which GPS can easily track dogs, trains and automobiles, it’s hard to imagine that airplane tracking systems are not the strongest of all.
The Malaysian Air Flight 370 and Air France 447 disasters showed the world the weakness in plane monitoring systems … and the strong need for a real solution.
ENTER STAR NAVIGATION SYSTEMS
$SNA is a Flight Sciences Company that bridges the gap between flight experience and flight safety in real-time. In layman terms, that means the Company’s technology provides a continuous connection between planes and the ground … and the result is more than just tracking:
● Real-Time Aircraft Health and Engine Condition Monitoring
● Fuel Management System
● Fleet Management … and more
The Company’s flagship product is the STAR Airborne Data Service (STAR-ADS) which is powered by the patented STAR In-Flight Safety Monitoring System (STAR-ISMS).
Every two years, high-level government and military delegations, as well as senior corporate executives around the world attend the Singapore Airshow. As Asia’s largest Airshow, it is the place to be for leading aerospace companies and budding players eager to make their mark in the international aerospace and defense market.
Building on the Company’s progress at the Dubai Airshow, Star Navigation went into the Singapore Airshow with momentum and confidence – and if this interview is any indication, it appears that shareholders can expect meaningful sales results in 2022.
Sit back and watch this powerful AGORACOM Exclusive with Star Navigation Systems!
Posted by AGORACOM-JC
at 4:05 PM on Wednesday, October 16th, 2019
STAR-A.D.S. ® – Allowing airline operators to rapidly access flight data exactly when required
System installed on a major private operator in the Mid-East has been operating for more than one year now
Discussions are being
finalized to expand the installation of the STAR solution of real-time
monitoring to the rest of the customers’ fleet.
A 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
Granted new Supplemental Type Certification by Transport Canada
The STC relates to the use of the STAR-A.D.S. ® Gen 3 system on an Airbus A320 aircraft type
Entered into a partnership and industrial agreement with ANTAZ Technologies Pvt. Ltd
A well-established Indian company with facilities in Hyderabad,
Bangalore and Delhi, India, Antaz will adapt, integrate and market STAR
products to the Indian Defence Forces (Air Force and Navy) in
collaboration with Hindustan Aeronautics Limited
FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 9:18 AM on Thursday, October 3rd, 2019
Announced the granting of a new Supplemental Type Certification to Star by Transport Canada.
The STC relates to the use of the STAR-A.D.S. ® Gen 3 system on an Airbus A320 aircraft type.
TORONTO, Oct. 03, 2019 – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) (“Star†or the “Companyâ€) is pleased to announce the granting of a new Supplemental Type Certification (“STCâ€) to Star by Transport Canada. The STC relates to the use of the STAR-A.D.S. ® Gen 3 system on an Airbus A320 aircraft type.
This STC will allow Star to install its STAR-A.D.S. ® Gen 3 System
on-board the next available AlMasria Universal Airlines (“AlMasria”)
aircraft. (See press Release September 10, 2019).
Viraf Kapadia, CEO of Star Navigation Systems said:
“This additional STC adds to our growing list of certifications for
commercial and business aircraft. We already had an STC for the previous
STAR-A.D.S. ® Gen 2 model. Now the Gen 3 is also A 320 certified and we
can offer even more flexibility to an operator, adding GSM
communications and manual retrieval through USB port. We shall rapidly
install our system on-board the first available AlMasria aircraft, while
we complete the STC applications for the other aircraft types of their
fleet. This A320 STC confirms our focus on the major targeted aircraft
platforms such as the B 737, for which STCs had already been granted.â€
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. ® and of the STAR-ISAMM™
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 “mayâ€,
“wouldâ€, “couldâ€, “willâ€, “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.
Posted by AGORACOM-JC
at 8:20 AM on Monday, September 23rd, 2019
Entered into a partnership and industrial agreement with ANTAZ Technologies Pvt. Ltd,
ANTAZ, a well-established Indian company with facilities in Hyderabad, Bangalore and Delhi, India,
Antaz will adapt, integrate and market STAR products to the Indian Defence Forces (Air Force and Navy) in collaboration with Hindustan Aeronautics Limited
TORONTO, Sept. 23, 2019 — Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB: SNAVF) (“Star†or the “Companyâ€) announces that the Company has entered into a partnership and industrial agreement with ANTAZ Technologies Pvt. Ltd, (“Antazâ€). A well-established Indian company with facilities in Hyderabad, Bangalore and Delhi, India, Antaz will adapt, integrate and market STAR products to the Indian Defence Forces (Air Force and Navy) in collaboration with Hindustan Aeronautics Limited (“HALâ€) (hal-india.co.in).
STAR is already listed as a registered supplier to HAL for military
equipment. Recently, a STAR team met with senior officers from both the
Indian Air Force and Navy, as well as with HAL top management. The team
successfully demonstrated the benefits and features of STAR-A.D.S.® for
both fixed wing and rotary aircraft. Of particular interest was the
ability of Star’s technology to provide real-time tracking and
positioning of aircraft as well as engine status reports.
To complete the approach, STAR, through the Antaz presence and
already established military business, will comply with the MAKE IN
INDIA requirements of the Indian Government.
In cooperation with HAL and Antaz, a customised and proprietary
solution based on STAR’s patented STAR-ISMS ® technology is under final
development in order to satisfy the specific defence requirements of the
Indian Military.
The solution will address the needs of the transport fleets of both
the Navy and of the Air Force, with a first application targeting small
transport aircraft and helicopters.
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. ® and of the STAR-ISAMM™
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.
About HAL
Hindustan Aeronautics Limited is an Indian state-owned aerospace and
defence company headquartered in Bangalore, India. It is governed under
the management of the Indian Ministry of Defence.
The government-owned corporation is primarily involved in aerospace
operations and is currently involved in the design, fabrication and
assembly of aircraft, jet engines, helicopters and their spare parts. It
has several facilities spread across India including Nasik, Korwa,
Kanpur, Koraput, Lucknow, Bangalore, Hyderabad and Kasaragod.
About ANTAZ
ANTAZ Technologies Pvt Ltd. is an experienced company in the field of
developing, producing and fielding critical electronic and
communications equipment to meet the needs of the Indian Defense. ANTAZ
successfully conducted projects in the fields of Special consoles and
Man Machine interfaces for the Navy, optronics and radars for the Army
and the Navy, and with other local partners for high-end communications
and electronics for military applications.
Certain statements contained in this News Release constitute
forward-looking statements. When used in this document, the words “mayâ€,
“wouldâ€, “couldâ€, “willâ€, “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.
Posted by AGORACOM-JC
at 4:42 PM on Tuesday, September 10th, 2019
Announced that AlMasria Universal Airlines of Egypt has decided to proceed with the installation of two additional STAR-A.D.S. ® Systems on recently acquired aircraft
In late 2018, AlMasria entered into an agreement with Star to equip their target fleet of 5 aircraft with the STAR-A.D.S. ® System.
The first installation has met all expectations successfully and Star is pleased to report that AlMasria is exercising a provision of the original agreement to install the System on the next two aircraft.
TORONTO, Sept. 10, 2019 — Star Navigation Systems Group Ltd. (CSE: SNA) (OTCQB: SNAVF) (“Star†or the “Companyâ€) is pleased to announce that AlMasria Universal Airlines (“AlMasria”) of Egypt has decided to proceed with the installation of two additional STAR-A.D.S. ® Systems on recently acquired aircraft.
In late 2018, AlMasria entered into an agreement with Star to equip
their target fleet of 5 aircraft with the STAR-A.D.S. ® System. The
first installation has met all expectations successfully and Star is
pleased to report that AlMasria is exercising a provision of the
original agreement to install the System on the next two aircraft.
The STAR-A.D.S. ® System will help AlMasria achieve important
operational cost efficiencies, pursue its growth plans and to
immediately meet the recommendations of the International Civil Aviation
Organization (“ICAOâ€) concerning the Global Aeronautical Distress and
Safety System (“GADSSâ€), in particular dealing with the obligation to
provide autonomous location and tracking of aircraft in distress at
least once every minute.
The STAR–A.D.S. ® System already exceeds compliance
with all of the ICAO GADSS recommendations and evolutions. (See Star
Press release of June 11, 2018 for expanded discussion and details).
Viraf Kapadia, CEO of Star Navigation Systems said:
“We are gratified by this decision from AlMasria, as it is testimony
to the good cooperation and working relationship that has developed
between our two companies. Their two additional B737-400’s will be
equipped with our system in the months to come. Star is eager to
accompany AlMasria on its road to expansion, providing them with
competitive tools and services they need.â€
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. ® and of the STAR-ISAMM™
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 “mayâ€,
“wouldâ€, “couldâ€, “willâ€, “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.
Posted by AGORACOM-JC
at 9:00 PM on Monday, August 19th, 2019
STAR-A.D.S.® (Airborne Data Service)
Real-time on-board, tracking, flight monitoring and analysis system that provides a virtual window into an aircraft
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
Contract for 5 aircraft installations with a scheduled flights airline in Egypt has been implemented
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
FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 9:15 PM on Sunday, July 28th, 2019
Real-Time Flight Tracking Technology And Ruggedized Flat Panel displays
PRODUCT UPDATES
STAR-A.D.S. ®
STAR-A.D.S. ® system installed on a major private operator in the Mid-East has been operating for more than one year now
Discussions are being finalized to expand the installation of the STAR solution of real-time monitoring to the rest of the customers’ fleet
Contract for 5 aircraft installations with a scheduled flights airline in Egypt has been implemented
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
STAR M.M.I.™
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 “IRBâ€) provider to these main US based integrators
STAR-ISAMM™ and STAR-LSAMM™ systems have generated a rapid and growing interest in the North American market
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
STAR-ISAMM™
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.
FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM-JC
at 12:57 PM on Wednesday, July 24th, 2019
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 “Companyâ€) 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 “IRBâ€) 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 “Dâ€, ISO 9001:2015 and the medical
standard ISO 13485. This is a unique combination that may open many
sales opportunities.â€
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 “mayâ€,
“wouldâ€, “couldâ€, “willâ€, “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.
