TORONTO, ONTARIO--(March 2, 2015) - Star Navigation Systems Group Ltd. (SNA:CA) (SNAVF) ("Star" or the "Company") is pleased to announce that it's STAR MMI Division has received additional purchase orders for upgrades of flat panel displays from a Fortune 100 Aerospace Company.
The orders, valued at approximately CDN $160,000, cover repair and upgrades of legacy displays for military transport aircraft. These orders bring the MMI Divisions' revenue to over CDN $780,000 since inception in April, 2014. (See press releases June 11, 2014 and August 12, 2014).
Star's MMI Division designs, manufactures and repairs high performance mission critical flight deck, flat panel displays for defence and commercial aviation industries worldwide.
About Star Navigation: (www.star-navigation.com)
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 may 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.
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