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STAR NAVIGATION CEO DISCUSSES RECENT INITIATIVES ON THE AGORACOM CEO INTERVIEW PROGRAMTORONTO, Nov. 19, 2008 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star or the Company"), a leading edge technology company focused on providing Aerospace Solutions to aviation operators worldwide, is pleased to announce that Mr. Viraf Kapadia, CEO of Star Navigation Systems Group Ltd., is featured in the latest edition of the AGORACOM CEO Interview program. Mr. Kapadia discusses the Company's recent initiatives and expansion into new markets and provides shareholders with an in-depth look at the Company's direction. To listen to the interview, please click on the following link: http://www.smallcapepicenter.com/ceo/SNA18November2008/player.html. To learn more about Star Navigation, please visit the Star Navigation IR HUB at: http://www.agoracom.com/ir/StarNavigation. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com. About Star Navigation: Star Navigation Systems Group Ltd. (http://www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com, http://www.star-navigation.com; Investor Relations: AGORACOM Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] STAR NAVIGATION - PRIVATE PLACEMENTTORONTO, Nov. 14, 2008 (Canada NewsWire via COMTEX News Network) -- TSX Venture Exchange Symbol: SNA Star Navigation Systems Group Ltd. (TSX-V : SNA) ("Star" or the "Company") is pleased to announce that it has requested that the TSX Venture Exchange issue conditional acceptance of a non-brokered private placement of up to 20,000,000 units (the "Units") at a price of $0.10 per Unit for gross proceeds of up to $2,000,000 (the "Offering"). Each Unit consists of one common share of the Company ("Share") and one-half of one common share purchase warrant. One full warrant ("Warrant") is exercisable to acquire one additional Share for a period of 12 months from closing at an exercise price of $0.30. All securities issued in the Offering and any Shares issued upon exercise of Warrants will have a hold period of four months from the closing of the Offering. The net proceeds from the Offering are intended to be used to fund marketing, installations and for general working capital. Completion of the placement is subject to the acceptance of the TSX Venture Exchange. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit: http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION ANNOUNCES MAJOR AGREEMENT WITH SAMRI, A SUBSIDIARY OF CHINA AVIATION CORPORATION (AVIC), TO SUPPLY A JOINTLY BRANDED VERSION OF STAR'S TERRASTAR:REAL-TIME MONITORING(TM) TO THE BIG COMMERCIAL AIRCRAFT PROJECTTORONTO, Nov. 12, 2008 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star or the Company"), a leading edge technology company focused on providing Aerospace Solutions to aviation operators worldwide, is pleased to announce that a detailed Collaborative Framework Agreement ("CFA") has been signed with the Shanghai Aero Measurement-controlling Research Institute ("SAMRI"), a subsidiary of AVIC - China Aviation Industry Corporation. (Please see press releases October 29 and November 10, 2008). The CFA outlines the working relationship between SAMRI and Star with the objective of supplying a jointly branded version of Star's TERRASTAR:Real-Time Monitoring(TM) system ("TERRASTAR:RTM(TM)") to Chinese Original Equipment Manufacturers ("OEM") for installation on new and existing commercial passenger aircraft in China as part of the Big Commercial Aircraft ("BCA") project, China's entry into the large commercial aircraft field. As noted in Star's press release dated October 29, China has already begun making large commercial aircraft and has raised the possibility of competition for Boeing and Airbus in the country's booming market for new planes. China is expected to be the world's fastest-growing aviation market, and is expected to need 3,710 aircraft to meet unprecedented demand over the next 20 years. (Source: Boeing/AFP Oct. 29/08) The partners are moving ahead to establish joint teams to address the following:
COMAC - "Commercial Aircraft Corporation of China, Ltd." (previously CACC) has already booked over 208 ARJ21 (100 seat) aircraft orders. Mr. Viraf Kapadia, CEO of Star stated, "The rapid development of our relationship with SAMRI (a subsidiary of AVIC) and COMAC is a good indication that the next generation of commercial aircraft will be a significant market for our products. We are looking forward to building upon this relationship to include other members of the Chinese aviation industry. We always look at both the short-term and the long-term. In the short-term, we are constantly improving and innovating, improving our processes and building our sales force. This agreement is for the long-term; it is a part of building sustainable relationships and this success helps us with our other ongoing efforts in Europe, North America and Asia. Mr. Dale F. Sparks, CTO of Star, in Calgary presenting at the Air Transport Association of Canada Annual general meeting and enroute to China, commented "Part of the OEM process is to ensure that the technology not only delivers significant immediate value, but also provides a means for future benefit and support, as the demands of the aviation environment change - and our TERRASTAR:RTM(TM) system does exactly that. We look forward to the cross-training of the SAMRI technical personnel and the subsequent integration discussions. This is a strategic partnership opportunity and a very exciting project." Star's V.P. Marketing & Sales, Mr. Amir Bhatti said at the Zhuhai Air Show, "This agreement is vital in order to enable Star to meet the demands of the relatively untapped commercial aviation industry of China. We are very glad to partner with SAMRI." About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit: http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION SIGNS ADDITIONAL MOU WITH CHINESE GOVERNMENT SUPPLIER AT THE ZHUHAI AIRSHOW IN CHINATORONTO, Nov. 11, 2008 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to aviation operators worldwide, is pleased to announce that, further to the Company's press release of October 29, 2008, its discussions with a state owned avionics corporation in China, AVIC Shanghai Aero Measurement-Controlling Research Institute, China ("SAMRI"), have resulted in the signing of an additional Memorandum of Understanding ("MOU"). SAMRI is mainly engaged in research & development of aeronautical measurement and control techniques, and in the development of packages of related equipment and systems, integrating optics, mechanics and electronics. This new MOU deals with agreement to jointly prepare for the exchange of engineering personnel between Star and SAMRI and for system integration training and technical coordination, and for finalizing the draft Collaborative Framework Agreement ("CFA"). Star is very pleased with the progress of this significant partnership and as provided for in this new MOU, we expect to have the Collaborative Framework Agreement ("CFA") signed in the next few days. The CFA will be used as the basis for supplying Star's TERRASTAR:Real-Time Monitoring(TM) system to Chinese Original Equipment Manufacturers ("OEM") for installation on new commercial passenger aircraft built by the biggest commercial aircraft manufacturers in China as the parties will work together with the intent to enter into a final partnership agreement/contract. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit: http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] COURT GRANTS STAR NAVIGATION PERMISSION TO PROCEED WITH DISCOVERY IN PATENT SUIT AGAINST AEROMECHANICAL SERVICESTORONTO, Oct. 30 /CNW/ - Star Navigation Systems Group Ltd (TSX-V: SNA) ("Star" or the "Company"), is pleased to announce that the United States District Court in San Francisco, California has granted Star permission to proceed with jurisdictional discovery - in its patent infringement lawsuit against Aeromechanical Services (TSX-V: AMA). Star Navigation looks forward to moving ahead with the lawsuit and has until February 6, 2009 to conduct jurisdictional discovery. Unless otherwise advised, the Court will conduct a hearing on the motion on March 27, 2009. Star looks forward to the court's ultimate consideration of the infringement allegations and expects to be successful based on the merits of the case. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit: http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> -30- /For further information: Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation/ Copyright (C) 2008 CNW Group. All rights reserved. [Top] STAR NAVIGATION ANNOUNCES MOU WITH CHINESE GOVERNMENT MANUFACTURER AND PLANS TO ATTEND ZHUHAI AIRSHOW IN CHINA NOVEMBER 2008TORONTO, Oct. 29 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to aviation operators worldwide, is pleased to announce that it is in discussions with an undisclosed state owned avionics corporation in China with respect to forming a strategic relationship. A Memorandum of Understanding ("MOU") has been signed and the terms and conditions of a detailed Collaborative Framework Agreement ("CFA") have been agreed upon by the parties. Star personnel are presently traveling to China to sign the CFA at the Zhuhai Airshow in Guangdong, China. It will then be used as the basis for supplying Star's TERRASTAR:Real-Time Monitoring system to Chinese Original Equipment Manufacturers ("OEM") for installation on new commercial passenger aircraft manufactured by the biggest commercial aircraft manufacturers in China as the parties will work together with the intent to enter into a final partnership agreement/contract. China has already begun making large commercial aircraft and has raised the possibility of competition for Boeing and Airbus in the country's booming market for new planes. This joint collaborative venture is going to assist in bridging the gap of digital divide in China and should provide the Real-Time Monitoring and data analysis capabilities needed to satisfy the demands of the aviation industry in China. Mr. Viraf Kapadia, CEO of Star stated: "After several months of effort, we are very excited at this opportunity. China is a strategic region for us and we will continue to pursue it ambitiously. This Chinese initiative compliments our other ongoing efforts in the region." Star will be attending the China International Aviation & Aerospace Exhibition (Airshow China) which will take place November 4th - 9th in Zhuhai, Guangdong Province, in southern China. Members of Star's engineering team will be arriving in China this week to continue with the technical integration discussions. Airshow China is the only international aerospace trade show in China that is endorsed by the Chinese central government. It features the display of real-size products, trade talks, technological exchange and flying display. With the vigorous development of the Chinese aerospace industry and especially the launch of the "Large Aircraft Project", Airshow China will reward exhibitors with unprecedented business opportunities. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit: http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION FILES AMENDED PATENT INFRINGEMENT COMPLAINT AGAINST AEROMECHANICAL SERVICES AND PROVIDES USPTO UPDATE9/22/2008 8:08 AM - Canada NewsWire TORONTO, Sep. 22, 2008 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to aviation operators worldwide, announces that the U.S. Patent and Trademark Office ("USPTO") has now completed its reexamination of Aeromechanical Services Ltd.'s (TSX-V: AMA) patent U.S. 7,203,630 and clarified that the only point of innovation for the patented invention is its use of conventionally understood email as a format when transmitting data from an aircraft to a ground station. To the extent that AMA's products do not use email to transmit data from aircraft to ground stations or also use other formats, there is an open question whether AMA's products are actually covered by their own patent. However, Star remains confident that AMA's products are covered by Star's patent rights under the earlier granted U.S. 7,113,852, the infringement of which being unaffected by the reexamination of AMA's patent. Therefore, Star Navigation has already filed an amended complaint in the ongoing patent infringement case in the Northern District of California to resolve the remaining procedural issues raised by AMA and Star looks forward to the Court's consideration of the past and ongoing infringement of Star's patent rights by AMA on the merits. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] STAR ANNOUNCES SHAREHOLDER APPROVAL OF RIGHTS PLAN, ELECTION OF ADDITIONAL DIRECTORS AND GRANTING OF OPTIONS9/16/2008 11:35 AM - Canada NewsWire TORONTO, Sep. 16, 2008 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to aviation operators worldwide, is pleased to announce that, at the special meeting held yesterday, shareholders overwhelmingly approved the following measures:
Each of the three new directors will be granted 300,000 options to purchase Common stock at a purchase price of $0.15 per share. The options vest over a period of 18 months and have a term of 5 years. The Company is also pleased to announce the granting of 130,000 options at an exercise price of $0.15 to the Co-CEO of the Company, Mr. Jean-Louis Larmor. The options vest over a period of 18 months and have a term of 5 years. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] INDIA'S DIRECTORATE GENERAL OF CIVIL AVIATION MAKES REQUEST FOR BANDWIDTH ALLOTMENT FOR STAR NAVIGATION'S TERRASTAR: REAL-TIME MONITORING SYSTEM™9/8/2008 8:40:23 AM - Canada NewsWire TORONTO, Sep. 8, 2008 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions, both hardware and software platforms, to assist aviation operators worldwide, is pleased to announce that India's Directorate General of Civil Aviation ("DGCA") has contacted the Indian Ministry of Communication & Information Technology, Department of Telecommunication (WPC-Wing) and has formally requested consideration of applications by airline operators for the allotment of required bandwidth for use with Star's TERRASTAR:Real-Time Monitoring System™. This request not only demonstrates DGCA support for Star's TERRASTAR:Real-Time Monitoring™ technology, but also underlines the working relationship that Star has with the Indian aviation authorities. Mr. Dale F. Sparks, Chief Technical Officer of Star Navigation Systems Group Ltd. stated, "We see great opportunity in the S.E Asia/Pacific aviation sector, and it is a significant part of our overall strategy. Acquiring the necessary bandwidth for communications is critical to our success in this market and it begins with regulatory approvals from the relevant government departments and ministries. Therefore, we approached this directive very tactfully and ambitiously." The request for bandwidth is a necessary step in the process of getting Star's technology installed on aircraft in the region. Mr. Kapadia, Chairman and CEO of Star Navigation Systems Group Ltd. stated, "This is in keeping with our recent initiatives in India and South East Asia. We are in the process of opening an office in New Delhi, in order to take advantage of the growth in aviation services in the region. Although airlines worldwide face significant challenges, a recent Airports Authority of India forecast predicts a 21.6% annual increase in Indian passenger traffic (domestic and international) over the next 5 years."(Source: Centre for Asia Pacific Aviation, and Airports Authority of India). Kapadia continued, "This is a good example of the reception of our exclusively licensed, patented technology. We are pleased with both the tone and the significance of the DGCA's recent actions with respect to our system." About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION ANNOUNCES ADDITIONAL SALE OF ITS TERRASTAR LITE™ TO SKYLINK AVIATION8/29/2008 8:00 AM - Canada NewsWire TORONTO, Aug. 29, 2008 (Canada NewsWire via COMTEX) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions, both hardware and software platforms to assist aviation operators worldwide, is pleased to announce an additional sale of its TERRASTAR Lite™ system to SkyLink Aviation. The sale includes six units for SkyLink Aviation, and because of the success of the TERRASTAR Lite™ units in international operations, SkyLink USA has also ordered two units. This brings the total number of units sold to sixteen for SkyLink (see Press Release June 6, 2008). Gross hardware and airtime revenue over a five year period for all sixteen units, in normal use, is in a range of approximately a minimum of $322,000 to a maximum of $430,000. The TERRASTAR Lite™ provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities. Mr. Dusko Lekic, Country Manager, SkyLink Afghanistan said: "I would like to take this opportunity and thank you and all your team from Star Navigation for your support. Having in mind all difficulties, different time zones and your readiness to listen and dedication to solve the problem I think we accomplish a huge success and improve our Flight Operations and Security in volatile environment such as Afghanistan. Also, I would like to emphasize the relationship which we built up in last couple of months...it passed the classical Customer-Client relations far beyond and I'm really happy about that. Once again, on behalf of all our Crews who are using your system on our aircraft, we want to thank you for such a "communication" improvement, which is vital in this environment and looking forward to continue our mutual cooperation." Mr. Dale F. Sparks, Chief Technology Officer of Star Navigation Systems stated: "We are very proud to be working with SkyLink Aviation and to supporting their humanitarian efforts and related programs. We were intrigued by the challenges of having our technology operating in Afghanistan, one of the toughest environments in the world, and the statement by Mr. Lekic is a testament to the significance and the capabilities of Star's aviation technologies." SkyLink Aviation Inc. is an international aviation group that specializes in Project Management, Air Charters, Aviation Support, Aircraft Maintenance, Air Courier, Executive Air Charters as well as Flight Planning and Clearance Services. SkyLink Aviation has become a global leader in rapid deployment of peacekeepers and international humanitarian aid, including food and equipment, during war, major disasters and pandemics for clients such as the United Nations, World Food Programme, USAID, INS (Homeland Security), IOM, the Canadian Government, the Red Cross, the Italian Interior Ministry and other national governments and NGOs. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com. About Star Navigation: Star Navigation Systems Group Ltd.(www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. please visit www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] STAR NAVIGATION ANNOUNCES SUCCESSFUL INSTALLATION OF 35 TERRASTAR LAND TRACKING UNITS8/28/2008 4:19:18 PM - Canada NewsWire TORONTO, Aug. 28, 2008 (Canada NewsWire via COMTEX News Network) -- Star penetrates a new niche with resource companies Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions, both hardware and software platforms to assist aviation operators worldwide, is pleased to announce that it has successfully completed the installation of 35 TERRASTAR Land Tracking units and a satellite based terrestrial fleet management solution. (see Press Release May 23, 2008). "Tethyan Copper", a subsidiary of "Barrick Gold" one of the largest gold mining companies in the world, is impressed with Star's ground personnel, who completed the installation on site under tough living and working conditions. The TERRASTAR system is working well. Star will also benefit from additional monthly revenues in recurring air time usage. Based on existing usage, Star revenue from hardware and airtime for the 35 units is expected to be in a range of a minimum of US$156,000 and a maximum of US$256,000, over a five year period. This successfully completed installation develops a new niche market for Star's TERRASTAR Land Tracking product. Given the recent increase in profitability for the extraction of precious metals, exploration and production have increased dramatically worldwide. As many of these resource companies explore in remote destinations, the TERRASTAR Land Tracking product is a logical solution for asset management. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com. About Star Navigation: Star Navigation Systems Group Ltd.(www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. please visit www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] STAR NAVIGATION - U.S. DISTRICT COURT REJECTS AMS'S JURISDICTIONAL ARGUMENTS8/19/2008 2:40:42 PM - Canada NewsWire TORONTO, Aug. 19, 2008 (Canada NewsWire via COMTEX News Network) -- TSX Venture Exchange Symbol: SNA Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company") is pleased to announce that the United States District Court for the Northern District of California has completely rejected Aeromechanical Services Ltd.'s ("AMS") arguments for lack of personal jurisdiction included in their Motion to Dismiss Star's patent infringement lawsuit (see Star press release May 13, 2008). Although the Court granted AMS's Motion to Dismiss, the Court has given Star leave to file an amended complaint. Specifically, the Court afforded Star time to name Hilary Vieira as a joint defendant with AMS. Star will comply immediately. About Star Navigation : Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. << The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Corporate Inquiries: www.star-navigation.com, Viraf Kapadia, CEO, e-mail: viraf.kapadia@star-navigation.com; Investor Relations: AGORACOM Investor Relations, SNA@agoracom.com, http://www.agoracom.com/IR/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] STAR NAVIGATION FILES RESTATED MANAGEMENT DISCUSSION AND ANALYSISTORONTO, Jul 15, 2008 (Canada NewsWire via COMTEX News Network) -- TSX Venture Exchange Symbol: SNA Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company") announces that it has filed restated Management Discussion and Analysis's ("MD&A's") for the periods ending June 30, 2007, September 30, 2007 and December 31, 2007. The re-filing of the MD&A's for the periods does not change the financial statements filed by the Company. The re-filing of the MD&A's was undertaken at the request of the Ontario Securities Commission (the "OSC") after completion by the OSC of a continuous disclosure review of the Company's filings. The restated MD&A's more fully comply with disclosure requirements including expanded discussion of the Company's plans, the status of major projects, the transition of the Company to revenue generating operation, working capital requirements, and risks and uncertainties. About Star Navigation : Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Corporate Inquiries, www.star-navigation.com, Viraf Kapadia, CEO, e-mail: viraf.kapadia@star-navigation.com; Investor Relations, AGORACOM Investor Relations, SNA@agoracom.com, http://www.agoracom.com/IR/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] STAR NAVIGATION - Placement Update and Appointment of SecretaryTORONTO, Jul 9, 2008 (Canada NewsWire via COMTEX News Network) -- TSX Venture Exchange Symbol: SNA Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company") wishes to correct its announcement dated May 16, 2008. The gross proceeds of the placement were in fact $1,222,485.76. Total units issued were 7,640,536 at $0.16 per unit. Each unit consists of one Common Share of the Corporation and one-half of one common share purchase warrant. One full warrant entitles the holder to purchase one additional common share of the Corporation at $0.50 per share during the one year period from the date of issue. In addition, 279,375 common shares were issued by way of finder's fees. Securities issued are subject to four month hold expiring September 28, 2008. The Company is also pleased to announce that Adam Szweras has been appointed Secretary of the Company, effective May 15, 2008. Mr. Szweras is a partner at Fogler, Rubinoff LLP, Toronto, Ontario, legal counsel to the Company. Mr. Szweras joined Fogler, Rubinoff LLP in 2006, and prior thereto practiced securities and corporate law with another major Canadian firm. Prior to that he was the managing partner of a prominent Bay Street securities law boutique where he represented public issuers and investment dealers. His legal practice and investment bank activities have been focused on corporate finance and going public transactions. In connection with his appointment as Secretary, the Company has granted to Mr. Szweras incentive stock options for the purchase of a total of 200,000 common shares of the Company at a price of $0.13 each until June 30, 2012. The options are being granted pursuant to the terms of the Company's stock option plan. About Star Navigation : Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Corporate Inquiries: www.star-navigation.com, Viraf Kapadia, CEO, e-mail: viraf.kapadia@star-navigation.com; Investor Relations: AGORACOM Investor Relations, SNA@agoracom.com, http://www.agoracom.com/IR/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR ANNOUNCES SALE OF TRACKING AND COMMUNICATION SYSTEMSTORONTO, Jun 6, 2008 (Canada NewsWire via COMTEX News Network) -- TSX Venture Exchange Symbol: SNA Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company") is pleased to announce that the Skylink Aviation Inc. trial installation, announced November 13, 2007 and March 12, 2008, has been successfully completed and that the Company has now received a purchase order for eight ISMS Lite™ tracking, satellite communication and two-way text systems. The eight new ISMS Lite™ units have been shipped and Star expects gross revenue of approximately $100,000.00, plus air time from this initial shipment. Star has a further commitment from Skylink Aviation Inc. for 12 additional units to be shipped within the next 9 months. However, Star does not yet have a confirmed schedule for the delivery of these remaining units. Star will provide a further update once the delivery schedule has been confirmed. With offices in Toronto, Washington, London, Frankfurt, Moscow, Lisbon, Khartoum, Baghdad, Dubai, and Kabul, Skylink Aviation Inc. operates in the most hostile environments anywhere, supporting various non-combatant operations, including:
Star is pleased that it was selected to supply its tracking and communication system for this important and challenging SkyLink project. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com; or Viraf Kapadia, CEO, (416) 252-2889, viraf.kapadia@star-navigation.com; Investor Relations, AGORACOM Investor Relations, SNA@agoracom.com, http://www.agoracom.com/IR/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] DIRECTOR GENERAL CIVIL AVIATION OF INDIA RECOMMENDS STAR NAVIGATION'S TERRASTAR:REAL-TIME MONITORING™ SYSTEM FOR ALL SCHEDULED DOMESTIC AIRLINES IN INDIATORONTO, June 2, 2008 (Canada NewsWire via COMTEX News Network)
Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions, both hardware and software platforms, to assist aviation operators worldwide, is pleased to announce that the Director General, on behalf of the Directorate General of Civil Aviation ("DGCA") for the Government of India, has issued a letter of recommendation to all scheduled airline operators in India, advising them to contact Star to obtain information on Star Navigation's patented TERRASTAR: Real-Time Monitoring™ system - a real-time air-to-ground monitoring and communication system that automatically and securely analyzes and transmits flight data, to all scheduled domestic airlines in India. Mr. Viraf Kapadia, Chairman and CEO of Star stated, "With the growth in the number of aircraft, the increase in the number of people flying, the rising cost of jet fuel and high demand for pilots, as an industry we have to make sure we provide the best possible support for this very challenging environment. We are very pleased to be recognized and recommended by the Directorate General of Civil Aviation, the governing civil aviation body for all scheduled airlines operating in India". Kapadia commented further, "I believe that this letter of recommendation from the Directorate General of Civil Aviation for India will provide us with a great opportunity to capitalize on possible new contracts and provide quicker penetration into the Indian and international airline industry as a whole; plus accelerate our commercial marketing of our technology. We have been impressed by the time and attention afforded to us and our India Operations President and by the DGCA." TERRASTAR: Real-Time Monitoring™ system is an on-board monitoring system that provides a "virtual window into an aircraft". It is a commercial, cost-effective, air to ground communication system that automatically and securely analyses and transmits flight data and incident alerts in "real time". The TERRASTAR: Real-Time Monitoring™ system provides an operator's ground personnel the ability to monitor trends, help predict possible failures, schedule repairs, and assist the flight crew to take preventive action as required. It acts as an early warning system, detecting the earliest signs of potential problems. Mr. Dale F. Sparks, CTO of Star stated, "We have worked extremely hard to get to this point and have every confidence in the capabilities of our TERRASTAR: Real-Time Monitoring system. We are very pleased with this opportunity and are looking forward to having our technology provide comprehensive maintenance, safety and regulatory compliance support for India's fast growing and dynamic aviation industry, and other airlines around the world." This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com About Star Navigation: Star Navigation Systems Group Ltd.(www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com; or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations: Investor Relations, SNA@agoracom.com; http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top] GOVERNMENT OF INDIA INVITES STAR NAVIGATION TO MAKE A PRESENTATION FOR ALL SCHEDULED DOMESTIC AIRLINES IN INDIA ON THEIR TERRASTAR:REAL-TIME MONITORING™ SYSTEMTORONTO, May 26, 2008 (Canada NewsWire via COMTEX News Network)
Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions, including both hardware and software platforms, to assist aviation operators worldwide, is pleased to announce that the Director General, on behalf of the Director General of Civil Aviation ("DGCA") for the Government of India, recently organized and hosted a presentation for all scheduled domestic airlines. The presentation featured Star Navigation's patented TERRASTAR: Real-Time Monitoring™ system - a real-time air-to-ground monitoring and communication system that automatically and securely analyzes and transmits flight data. In addition to the most senior members of the DGCA, the presentation on the Company's TERRASTAR: Real-Time Monitoring™ system was also attended by representatives from thirteen (13) domestic airlines based in India. Star had the oppourtunity to introduce itself and to familiarize the attendees with the technology and benefits that can be derived from the implementation of the TERRASTAR: Real-Time Monitoring™ system product in their respective fleets. Global aircraft manufacturers are bullish on the prospects in the domestic Indian aviation market, predicting that India will require more than 1,600 aircraft over the next 20 years (source: The Hindu Business Line). The rapid growth of the Indian economy has resulted in a spillover effect on the airline industry in India. The domestic airline industry recorded a growth of 8.6 per cent during April, as compared to same period last year. To date in the month of May there has been a 31% increase in incoming and outgoing flights, and a 13% rise in domestic operations (Source: e-Travel Blackboard). Mr. Viraf Kapadia, Chairman and CEO of Star stated, "We are very pleased with the Government of India's response to our technology. We believe that this government endorsed presentation of TERRASTAR: Real-Time Monitoring™ will go a long way towards helping us to secure purchase orders for our "TERRASTAR" solution in India." Kapadia commented further, "Our presentation to the Director General of Civil Aviation for the Government of India went extremely well. To date, we've seen significant interest from domestic airlines in India." TERRASTAR: Real-Time Monitoring™ system is an on-board monitoring system that provides a "virtual window into an aircraft". It is a commercial, cost-effective, air to ground communication system that automatically and securely transmits flight data and incident alerts in "real time". The TERRASTAR: Real-Time Monitoring™ system provides an operator's ground personnel the ability to monitor trends, predict possible failures, schedule repairs, and assist the flight crew to take preventive action as required. It acts as an early warning system, detecting the earliest signs of potential problems. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com About Star Navigation: Star Navigation Systems Group Ltd.(www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR ANNOUNCES SALE OF 35 TERRASTAR LAND TRACKING UNITSTORONTO, May 23, 2008 (Canada NewsWire via COMTEX News Network) Star penetrates a new niche with resource companies Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions, both hardware and software platforms to assist aviation operators worldwide, has now expanded its product line to land based vehicles. Star is pleased to announce the sale of 35 TERRASTAR Land Tracking units, a satellite based terrestrial fleet management solution. The customer, a subsidiary of one of the largest gold mining companies in the world, has issued a purchase order for 35 TERRASTAR Land Tracking units. This latest sale develops a new niche market for Star's TERRASTAR Land Tracking product. Given the recent increase in profitability for the extraction of precious metals, exploration and production have increased dramatically worldwide. Given the remote destinations that many of these resource companies explore, the TERRASTAR Land Tracking product is a logical solution for asset management. As such, resource companies are an excellent target for the TERRASTAR Land Tracking product. Under the terms of the sale, Star will install the TERRASTAR Land Tracking units and provide a complete solution. It is anticipated that delivery and installation of these units will be completed by mid-June of 2008. This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavigation and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com About Star Navigation: Star Navigation Systems Group Ltd.(www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION RETAINS AGORACOM TO PROVIDE INVESTOR RELATIONS, SOCIAL NETWORK AND GOOGLE SEARCH ENGINE PROGRAMTORONTO, May 16, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. ("Star Navigation") (SNA: TSX-V) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders. ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO COMPANY In response to overwhelming data representing the online research and communications habits of small-cap investors, Star Navigation has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world. Effective June 2, 2008, a customized and monitored Star Navigation IR HUB will be available on AGORACOM at (http://www.agoracom.com/IR/StarNavigation). The IR HUB will allow both the Company and AGORACOM to communicate with all investors simultaneously, anytime and in near real-time. Our new IR HUB will also provide management with an ability to extend communications beyond text via audio messages, video presentations, webcasts and podcasts. LAUNCH OF STAR NAVIGATION COMMUNITY The Star Navigation IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders. TIER-1 EXPOSURE AND AWARENESS As an exclusive provider of "Small-Cap Centres - Powered by AGORACOM" to AOL Finance Canada, Globe Investor and every Blackberry device on the planet, as well as, the producer of the Yahoo! Finance Canada Small Cap Show, AGORACOM will provide Tier-1 financial coverage of all newsworthy Star Navigation press releases for the purposes of attracting new and prospective shareholders Star Navigation Chairman & CEO, Viraf Kapadia stated, "I believe the time has now come to significantly increase our communications with both existing shareholders and the massive online small-cap community of investors that are searching for their next technology investment. I strongly encourage our shareholders to begin taking advantage of our new online IR system, which demonstrates we are a fully accessible organization with a great story to tell." For all future Star Navigation investor relations needs, investors are asked to visit our IR Hub at http://www.agoracom.com/IR/StarNavigation where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. The terms of the agreement are as follows: Duration - 12 months. Monthly Cash Compensation - $5,000. Stock Options - 400,000 shares at $CDN .15 per share; This agreement has been negotiated entirely at arm's length. AGORACOM is located in Toronto, Ontario. About AGORACOM AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 200 companies since 1997. AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 0.2% of all websites around the world. About Star Navigation Systems Group Ltd. Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Corporate Inquiries, www.star-navigation.com, Viraf Kapadia, CEO, e-mail: viraf.kapadia@star-navigation.com; Investor Relations, AGORACOM Investor Relations, SNA@agoracom.com, http://www.agoracom.com/IR/StarNavigation Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION - PRIVATE PLACEMENTTORONTO, May 16, 2008 (Canada NewsWire via COMTEX News Network)
Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company") is pleased to announce that, subject to TSX-V acceptance, Star has completed a non-brokered private placement for gross proceeds totaling $1,261,286 representing 7,883,038 units at $0.16 per unit. Each unit consists of one Common Share of the Corporation and one-half of one common share purchase warrant. One full warrant entitles the holder to purchase one additional common share of the Corporation at $0.50 per share during the one year period from the date of issue. Proceeds of the placement will be used for marketing and general working capital purposes. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Viraf Kapadia, CEO, at (416) 252-2889 or at www.star-navigation.com Copyright (C) 2008 CNW Group. All rights reserved. [Top]
DEFENDENT AEROMECHANICAL RESPONDS TO STAR LAWSUIT WITH MORE PROCEDURAL ARGUMENTSTORONTO, May 13, 2008 (Canada NewsWire via COMTEX News Network) TSX Venture Exchange Symbol: SNA Yesterday, the patent infringement lawsuit filed by Star Navigation (TSX-V: SNA) ("Star" or the "Company")) was responded to by Aeromechanical Services' (TSX-V: AMA) in the United States District Court in San Francisco, California by AMA's motion to dismiss on purely procedural grounds. To date, AMS has taken considerable effort to avoid having to answer Star's allegation that AMS infringes the patent at issue. Thus, the arguments included in AMA's motion were limited to assertions that the California court lacks personal jurisdiction over AMA and arguments attacking the judicial procedures supporting the recent amendment to Star's complaint against AMA adding Messrs. Kapadia and Vieira as co-plaintiffs to the lawsuit. Messrs. Kapadia and Vieira are named co-inventors of U.S. Pat. 7113852, the patent being asserted against AMA and exclusively licensed to Star. Originally, the infringement suit was brought by Star only; however, the inventors, Messrs. Kapadia and Vieira, who had previously authorized the litigation, have now been added as co-plaintiffs. Following consideration of AMA's motion, discovery and the more substantive aspects of trial may commence. "Our team was fully prepared for this response from AMA," commented Mr. Kapadia, who is Chief Executive Officer of Star as well as an inventor of the patented technology. "We expect to move past the procedural tactics and are looking forward to moving forward with this litigation and prevailing on the merits of our case. We will continue to pursue our legal rights and remedies to the full extent of the law." About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR ANNOUNCES OPTION GRANTTORONTO, May 9, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company") is pleased to announce that, pursuant to the terms and conditions of the Company's stock option plan, Dale F. Sparks, Star's Chief Technology Officer, has been granted 300,000 options to purchase common stock in the Company. These stock options carry an exercise price of $0.15 and expire in five years. Mr. Sparks, part of the original development team responsible for Star's In-Flight Safety Monitoring System, rejoined Star in January of last year. His contributions to date have been significant. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION FILES AMENDED COMPLAINTTORONTO, Apr 28, 2008 (Canada NewsWire via COMTEX News Network) As requested by Judge Maxine M. Chesney of the U.S. District Court in the Order issued April 8th, 2008, Star Navigation Systems Group Ltd ("Star") has amended the Complaint against Aeromechanical Services (TSX: AMA-V) for patent infringement by adding the patent holders Mr. Viraf Kapadia and Mr. Hilary Vieira as named plaintiffs, and received confirmation of the re-filing on April 25th, 2008. While the Amended Complaint could have been made immediately, Star preferred to give a reasonable amount of time for the patent holders to respond to the request to add them as named parties. Mr. Vieira has been named as an involuntary plaintiff as provided for under U.S. law because of his stated disinterest in actively participating in the law suit. With this filed amendment, Star has satisfied the conditions of the previous judgement and fully expects the patent infringement lawsuit against Aeromechanical Services to continue without further delay. Star looks forward to the patent infringement litigation proceeding as planned. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com, or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION PATENT INFRINGEMENT LAWSUIT AGAINST AEROMECHANICAL SERVICES LTD.TORONTO, Apr 15, 2008 (Canada NewsWire via COMTEX News Network) Star wishes to clarify its press release of April 10, 2008 entitled "U.S. District Court declines Aeromechanical request to dismiss infringement lawsuit" and the contradictory information presented by Aeromechanical ("AMS") (TSX: AMA-V) in their April 9, 2008 and April 11, 2008 press releases respectively. For clarity, the U.S. District Court provided that Star's patent infringement lawsuit against AMS may continue as long as Star files an amendment to the lawsuit by April 30, 2008, joining the patent holders Viraf Kapadia and Hilary Vieira, as named parties. Star is taking the necessary steps in this regard, and Star does not need the consent of Messrs. Kapadia and Vieira in order to proceed in this regard. Furthermore, contrary to the information released by AMS, Mr. Vieira had previously consented to Star's action against AMS and Star has evidence of such consent. Star fully expects its patent infringement lawsuit against AMS to continue and is committed to seeing it through to its logical conclusion. While there are complex issues of law at hand in this matter, Star intends to respond to every AMS attempt to delay or prevent a hearing on the merits and will continue to pursue its legal rights and remedies to the full extent of the law. Star's Chief Executive Officer, Viraf Kapadia says "I hope that all parties will refrain from inflammatory public statements in the future and avoid trying to litigate this matter in the court of public opinion. The investing public deserves better." About Star Navigation. Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the worldwide license to its proprietary, patented In-flight Safety Monitoring System - ISMS™ 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 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. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00009078E For further information: www.star-navigation.com, or: Viraf Kapadia, CEO, at viraf.kapadia@star-navigation.com [Top]
U.S. DISTRICT COURT DECLINES AEROMECHANICAL REQUEST TO DISMISS INFRINGEMENT LAWSUITTORONTO, Apr 10, 2008 (Canada NewsWire via COMTEX News Network) Yesterday, the United States District Court in San Francisco, California declined Aeromechanical Services' (TSX: AMA-V) request to dismiss the patent infringement lawsuit filed by Star Navigation (Star).
In so ruling, the Judge identified a non-prejudicial technicality in the case and requested the filing of an amended complaint to fully cure a technical jurisdictional defect. Star is in the process of preparing and filing that amended complaint to resolve this procedural issue. AMS had argued that Star lacked the right to sue AMS and that the court had no jurisdiction over AMS or its infringing activities. After considering AMS's lengthy arguments and Star's response, the Judge requested that the inventors of the patent at issue (U.S. 7,113,852, which is exclusively licensed to Star) be included as plaintiffs in the law suit to help ensure that all of AMS' patent infringement liability be identified in this litigation. Originally, the infringement suit was brought by Star only; however, the inventors, Messrs. Kapadia and Vieira, who had previously authorized the litigation, will now be added as co-plaintiffs. The patent infringement lawsuit is expected to continue following this technical correction. About Star Navigation. Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the worldwide license to its proprietary, patented In-flight Safety Monitoring System - ISMS™, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. %SEDAR: 00009078E For further information: www.star-navigation.com, or: Viraf Kapadia, CEO at viraf.kapadia@star-navigation.com [Top]
STAR EXTENDS TERM OF WARRANTSTORONTO, Apr 3, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. ("Star") is pleased to announce that the TSX Venture Exchange has consented to the extension of the term of 13,182,766 common share purchase warrants issued pursuant to a private placement announced May 16, 2007 (the "Warrants"). The Warrants, originally set to expire on April 15, 2008, will now expire on April 15, 2009. Each Warrant will continue to entitle the holder thereof to purchase one common share of Star at an exercise price of $0.30. About Star Navigation : Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. %SEDAR: 00009078E For further information: please visit www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com [Top]
STAR NAVIGATION ANNOUNCES SALETORONTO, Mar 14, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company") is pleased to announce a sale of its ISMS Lite™ system to an aircraft operator in Pakistan, for a number of its aircraft. The ISMS Lite™ provides Flight Tracking, Asset Management, Two Way Data/Voice Communications, and Backup Emergency SOS/distress capabilities. Star will be responsible for providing the necessary modification approvals or Supplemental Type certificates as required for installation. Installation will be carried out by the purchaser. The total value of this sale & recurring revenues over five years is expected to be up to US$ 215,000. Actual figures may vary and are partially dependent upon the amount of airtime used by the customer. A deposit has been received at this time and payment in full is due on the later of April 30, 2008 or completion of installation. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System™, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. [Top]
STAR NAVIGATION ANNOUNCES CORPORATE UPDATE AT THE REQUEST OF THE TSX VENTURE EXCHANGETORONTO, Mar 12, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company") at the request of the TSX Venture Exchange provides a Corporate Update with respect to certain previous announcements. Spicejet, Air Sahara, A.R. Airways On January 17, 2006, Star issued a press release stating, among other things, that agreements had been signed in 2005 aggregating $17 million. This figure assumed US dollar denominated sales, converted to C$ at the then prevailing rate of exchange, and included $10,600,000 for 34 Spicejet aircraft, $3,120,000 for 10 A.R. Airways aircraft and $2,900,000 for 15 Air Sahara aircraft. The number of aircraft and values disclosed were based upon projected fleet buildout conditional upon the initial trials being successful. All three carriers are based in India, and an Aeromobile license is required in order to operate the Star ISMS™ system in Indian airspace. Star's application has been under consideration for over two years and to date, has not yet been granted by the Indian Government. However, the license is the subject of current detailed discussions between Star's representatives and the Indian Government. Star's Chairman, Viraf Kapadia, will attend the next round of meetings in India next month. Installations were initially completed on two Spicejet and one Air Sahara aircraft. However, the Aeromobile license issue prevented system activation and consequently, none of these agreements have been concluded at this time.
Air Sahara has since been taken over by another airline. Due to the licencing delays and new management at Air Sahara, management believes that the terms of the previous agreement with Air Sahara will require renegotiation at such time as the Aeromobile license is granted. Similarly, due to the licencing delays, management believes that the terms of the previous agreements with both Spicejet and A.R. Airways will also require renegotiation if and when the Aeromobile license is granted.
T.A.P / Kharkov On February 27 and 28, 2006, Star announced the signing of Memorandums of Understanding ("MOU") with TAP Maintenance and Engineering in Portugal and Kharkov State Aircraft Manufacturing Company in Ukraine. Due to a reallocation of available resources to the Middle East, India and Pakistan by Star, discussions leading to definitive agreements with these firms were suspended. Bexair
Further to the Company's press releases dated November 29, 2005 and April 27, 2006, this purchase did not proceed due to problems encountered with availability of the customers' Challenger 604 Supplemental Type Certificate ("STC") certification and contract issues with Bexair. Star intends to revisit opportunities with Bexair when resource allocations permit. Indian Airforce Glider Project
On January 12, 2006 and April 27, 2006, Star announced that it had been selected to provide technical assistance to the Indian Airforce Round the World Glider Expedition 2006. The Expedition was postponed by the Airforce until 2007. Without notice to Star, the Expedition proceeded with the assistance of other providers. This issue forms a part of current litigation of the Company against its former president, Hilary Vieira (see press release dated September 18, 2007). Air Arabia
Star's announcements dated November 30, 2005 and April 27, 2006, referred to a MOU entered into between Star and an "undisclosed" purchaser, Air Arabia. The Company was unable to satisfactorily conclude those negotiations. Star's new sales team will revisit this customer as resource allocations permit. Medical Monitoring
In reference to Star's press release dated May 15, 2006 announcing a MOU regarding a Medical Monitoring project, we advise that this has been on hold for some time due to a corporate reorganization involving Star's partner in the venture. However, the project has recently been reactivated and design/development work is underway. A formal agreement is being negotiated and further disclosure will be provided when completed. Etihad Airways
Further to Star's press release dated September 22, 2006, Star's technical team continues to work with Etihad to overcome their internal timing and personnel allocation issues. The required Airbus A-340 300 Series STC, together with a full design and installation package, has been provided by Star. Star expects that installation on an Etihad aircraft for trial evaluation should follow in due course. Zain Aviation
Star's press release dated October 25, 2006 disclosed that it had received a purchase order from Zain Aviation with respect to purchase of a Satellite Telephone, Cabin Information System and ancillary services. Prior to delivery and installation, Zain Aviation ceased operations resulting in this purchase order not being fulfilled. Pakistan International Airways ("PIA")
As an update to the Company's press release dated May 23, 2007, the trial evaluation of Star's In-Flight Safety Monitoring System ("ISMS™") on a PIA Airbus A-310 has been underway for some time. The testing and evaluation phase of the trial is now complete and all system expectations were met or exceeded. Final negotiations are underway regarding a formal agreement and PIA's decision is expected shortly. The government of Pakistan has provided approvals for use of Iridium's satellite system over Pakistan. STC approvals for Airbus A-310-300 are complete for Pakistan and Star intends on pursuing STC approvals for additional aircraft types once a formal agreement has been executed with PIA. Electronic Flight Bag ("EFB")
On September 12, 2007, Star announced an expansion of its product line through a MOU with an industry leading EFB supplier. This project has been on hold pending release of Star technical personnel from the PIA trial evaluation. Preliminary integration testing with Star's ISMS™ has already taken place. Star is now prepared to commence detailed work and is in the process of coordinating personnel and timing. Star has agreed that the identity of the EFB supplier will remain confidential for the time being. A definitive agreement will be negotiated after further detailed discussions have taken place. Aerosoft Systems Inc.
On September 19, 2007, Star entered into a MOU with Aerosoft which provided for, among other things, evaluation of the possibility of cooperating for the purpose of developing integrated solutions to various concerns of the aircraft industry. As a result of very positive ongoing discussions, Star announced the relationship on January 2, 2008. Discussions and cooperation continue, and while a definitive agreement is not considered to be necessary at the moment, as the relationship evolves, one may be required. Skylink
The Skylink Aviation Inc. agreement, announced November 13, 2007 is proceeding as planned with a trial installation of one unit. The ISMS Lite™ equipment purchased is in the process of testing and is expected to be shipped to the customer within 10 days. The customer will evaluate the system and if it performs up to expectations, is expected to use it in all of their ongoing and future operations. The agreement provides for both equipment and airtime purchase by the customer and would be the first ISMS Lite™ sale by the Company. The customer currently operates 30 aircraft in Sudan and will be operating 10 aircraft in Afghanistan and as such, they have indicated that up to 40 installations could follow, however, there is no firm commitment by Skylink to make any such further purchase. As Star determines the exact number of installations following the trial installation, the Company will provide further disclosure of the value of this potential contract. Until such time, the total value is uncertain. At this time, the Company is unaware of any specific approvals required for the trial installation and any such approvals, if required, are the responsibility of the client, who will advise Star of any such requirements on an ongoing basis. Indus Airways
Further to the Company's press release dated November 14, 2007, the agreement between the Company and Indus Airways is scheduled to proceed immediately upon delivery to Indus of its new aircraft, the MA 60. We are advised that certain pilot and aircraft certification requirements of the Indian government with respect to the Chinese aircraft remain outstanding, as this will be the first time that the MA60 (a Chinese designed and built aircraft) will be operated by an Indian airline. Star's Chairman, Viraf Kapadia, met personally with the General Manager, Marketing of Indus Airways last week, and was assured that the required certification will be forthcoming shortly. Indus has agreed to purchase fifty (50) ISMS™/satellite phone systems, with one time initial licensing fees per aircraft to be paid as each installation occurs, and monthly payments per aircraft to be payable annually, in advance. Installations and payments will be dependent upon aircraft delivery schedules and the potential value of this contract will be calculated and disclosed once the pilot and aircraft certification is complete and scheduling is determined. Kestral Holdings
As announced December 20, 2007, Star has entered into a strategic partnership with Kestral Holdings Private Limited. Kestral Holdings is based in Pakistan and has close to 350 employees active in the fields of Aviation, Defense Consulting, Trading, Logistics, Air Charter Services and Travel. Kestral Trading, a subsidiary, is a sales agent for Star, and by agreement dated January 16, 2008 for an initial three month period (with contemplated extensions), provides Star with meeting, office support and logistic services in Pakistan for a nominal amount. Kestral Holdings has significant contracts in the region, both commercial and military, management believes that Kestral is in a position to benefit Star's sales and marketing activities. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
%SEDAR: 00009078E For further information: please visit (www.star-navigation.com) or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com Copyright (C) 2008 CNW Group. All rights reserved. [Top]
U.S. PATENT OFFICE GRANTS STAR NAVIGATION'S REQUEST FOR REEXAMINATION OF AEROMECHANICAL'S PATENTTORONTO, Jan. 25, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company"), learned today that the U.S. Patent Office has granted Star's request to reconsider the patentability of AeroMechanical Services Ltd.'s (TSX: AMA-V) ("AMA") U.S. patent, U.S. 7,203,630. (See Star Press Release dated September 6, 2007). The reexamination of AMA's patent was requested and granted by the USPTO based on Star's exclusively licensed U.S. Patent No. 7,113,852 (the "Kapadia Patent"), issued in the name of the inventors, including Viraf Kapadia, Star's Chairman and Co-CEO. Star has also sued AMA for patent infringement related to that patent in a recently filed lawsuit in the Northern District of California. In ordering the reexamination of AMA's patent, the U.S. Patent Office recognized that the relevant merits and teachings of the Kapadia patent were not considered when the U.S. Patent Office issued AMA's patent. Thus, in ordering a reexamination of AMA's U.S. patent, the U.S. Patent Office confirmed that the Kapadia patent raised a substantial new question of patentability with respect to AMA's patent. Star will continue to protect its intellectual property rights and is gratified that the U.S Patent Office has taken this position. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
%SEDAR: 00009078E Please visit (www.star-navigation.com), or contact Derek Sutherland, Inv. Relations, Sutherland_derek@yahoo.com, Tel. (416) 907-6287; or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR ADDS DIRECTOR - GRANTS OPTIONSTORONTO, Jan. 22, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. ("Star" or the "Company") is pleased to announce that, subject to TSX-V approval, Mr. Charles Wyburn has joined the Board of Directors of the Company. Mr. Wyburn is a Fellow of the Institute of Chartered Accountants in England & Wales and has been a partner in a professional practice since the early 1970s. He specialises in Management Consultancy and Audit, and has extensive experience in large public companies in a variety of differing sectors. Upon TSX-V approval, Mr. Wyburn is expected to be appointed Chairman of the Audit Committee. The Company also announces that, pursuant to its 2006 Incentive Stock Option Plan, it has granted incentive stock options to ten of its directors, officers, employees and consultants to purchase up to an aggregate of 1,700,000 common shares in the capital stock of the Company. The options expire at various times between January 1, 2010 and December 15, 2012 and are exercisable at a price of $0.20 per share. The 2006 Stock Option Plan reserves 10% of the issued and outstanding common shares of the Company from time to time for option grants. The grant of options is subject to regulatory approval, including approval of the TSX Venture Exchange. About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
%SEDAR: 00009078E Please visit (www.star-navigation.com) or contact Viraf Kapadia, CEO, viraf.kapadia@star-navigation.com Copyright (C) 2008 CNW Group. All rights reserved. [Top]
STAR NAVIGATION ANNOUNCES STRATEGIC PARTNERSHIPTORONTO, Jan. 2, 2008 (Canada NewsWire via COMTEX News Network) Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Co |