TORONTO, ONTARIO--(Aug. 17, 2015) - Star Navigation Systems Group Ltd. ($SNA:CA) (SNAVF) ("Star" or the "Company") is pleased to announce that it has become an Approved Vendor to a major Asian aircraft and avionics manufacturer. This status covers both its STAR-MMI Division displays and control panels, as well as its STAR-A.D.S. ™ Real-time monitoring and analysis systems.
Jean-Louis Larmor, Star's COO said,
"Both our displays and real-time monitoring activities will benefit from the status obtained by our company. It means that after having shown our capabilities and having been surveyed, Star is recognized as a worthy industry supplier. We are now authorized to compete on RFP's and to cooperate with this manufacturer. This opens new possibilities for our products. We have already positioned STAR-M.M.I. on initial requests to several of their future projects."
By becoming an Approved Vendor to a major Asian OEM, the Company continues its recent focused moves into regions where aerospace activities are expanding quickly and where long term growth is indicated. Star plans to develop both its military, commercial aircraft and helicopter presence and business along with the OEM activities.
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. It is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. 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.
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Please visit www.star-navigation.com.
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