|By Marketwired .||
|March 27, 2014 01:45 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 03/27/14 -- Star Navigation Systems Group Ltd. (TSX VENTURE: SNA) ("Star" or the "Company"), is pleased to announce that Transport Canada has granted it a Supplemental Type Certificate ("STC") with respect to the installation of its STAR-ISMS® system on the Airbus A320 aircraft.
This STC is granted for the recently completed Second Generation ("G2") STAR-ISMS® system. It is a major milestone in the commercial development of the system. The G2 STAR-ISMS® system offers enhanced functionalities while being smaller, lighter, and even more cost effective to the end users.
The Airbus A320 series is one of the bestselling jet airliners in aviation history selling more than 10,000 aircraft as of February 2014. Airbus A320 jets are now being utilized in most regions of the world by airlines operating in the short to medium haul flight segment.
Viraf S. Kapadia, Chairman and CEO of Star said,
"We are very pleased to receive this STC. The necessary work for this STC was 100% done in-house at STAR and reviewed by Transport Canada approved Designated Airworthiness Representatives ("DAR"). This is the latest addition to the STCs currently owned by the company, including the STC for the B737 aircraft. Star is aggressively working on sales and marketing activities and expects to obtain more STC's rapidly now that they are prepared in-house, addressing the customers various fleets. This is a significant achievement highlighting the ongoing refinement of the STAR-ISMS® system and its commercialization, as well as the capabilities of the Company."
The company is actively increasing its own strengths and resources. Star currently has licensed Professional Engineers and experienced programmers working on enhancing the design and evolution of the STAR-ISMS® system. They are also able to prepare the engineering change orders and installation instructions for customer airlines.
In addition to its in-house staff, Star is working with professional pilots who have clocked more than 70,000 flight hours, as well as licensed Aircraft Maintenance Engineers, and a certified aircraft accident investigator to help meet customers and regulatory demands.
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.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.
Please visit www.star-navigation.com.
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