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STAR NAVIGATION ANNOUNCES NO MATERIAL CHANGETORONTO, ONTARIO, Feb 09, 2010 (MARKETWIRE via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX VENTURE: SNA) ("Star" or the "Company"), at the request of Market Surveillance, on behalf of the TSX Venture Exchange, announces that the Company is not aware of any material undisclosed development at this time that would cause the recent upward movement in the Company's share price. As previously disclosed, the Company continues discussions with respect to new and ongoing business opportunities, the development of its Second Generation Star Server Unit and its research and development activities. No material changes or events have taken place which have not been previously disclosed. 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. Contacts: Star Navigation Systems Group Ltd. Viraf Kapadia CEO (416) 252-2889 viraf.kapadia@star-navigation.com www.star-navigation.com AGORACOM Investor Relations IR HUB http://www.agoracom.com/ir/StarNavigation E-mail all questions and correspondence SNA@agoracom.com http://www.agoracom.com/ir/StarNavigation [Top] STAR NAVIGATION ANNOUNCES COMPLETION OF PRIVATE PLACEMENTTORONTO, Jan. 12, 2010 (Canada NewsWire via COMTEX) -- Star Navigation Systems Group Ltd. (SNA) ("Star" or the "Company") is pleased to announce that, subject to TSX-V acceptance, Star has completed a non-brokered private placement of 19,948,666 units (the "Units") of the Company at an issue price of $0.12 per Unit for gross proceeds totaling $2,393,840. The price was reserved with the TSX-V. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (a "Warrant Share") at a price of $0.30 per Warrant Share for a term of 24 months from the closing date. Finder's fees in the amount of $231,600 consisting of 1,930,000 Units were paid in connection with this private placement. All securities issued in the Offering and any Shares issued upon exercise of Warrants are subject to a four month statutory hold period from the date of issuance. The net 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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; AGORACOM Investor Relations: IR HUB, http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation. [Top] SKYLINK AVIATION PURCHASES ADDITIONAL UNITSTORONTO, Jan. 5, 2010 (Canada NewsWire via COMTEX) -- Star Navigation Systems Group Ltd. (SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to assist aviation operators worldwide, is pleased to announce two additional sales of its STAR-ISMS™ Lite Flight Tracking and Communication technology units to SkyLink Aviation Inc. (www.skylinkaviation.com). This brings the total SkyLink order to 33. STAR-ISMS™ Lite provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities. Revenue generated is as set forth in our press release of August 29, 2008, on a pro-rata basis. Dale F. Sparks, Star's Chief Technology Officer said, "SkyLink Aviation Inc. operates in Afghanistan, an extremely challenging environment. Our relationship with SkyLink started in late 2007, and the continuing addition of STAR-ISMS™ Lite units to their fleet is most gratifying. To me, it speaks to both the quality of the units themselves, and to the dedication of our personnel." 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation; E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation [Top] STAR NAVIGATION APPOINTS SA MENA AVIONICS WLL AS INSTALLATION, MAINTENANCE AND WARRANTY PROVIDER FOR MIDDLE EAST - CLOSING OF PRIVATE PLACEMENTTORONTO, Dec. 8, 2009 (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 assist aviation operators worldwide, is pleased to announce that it has appointed SA Mena Avionics WLL ("SA Mena") as installation, maintenance and warranty supplier for Star's STAR-ISMS(TM) systems in the Middle East. SA Mena, a joint venture established with Scandinavian Avionics SA, a leading international provider of avionic services, is part of the Mena Aerospace Enterprises WLL group. It will also market and sell the system. Details of the appointment were discussed by the parties during meetings held during the recent Dubai Airshow. Mr. Viraf Kapadia, CEO of Star said, "We are pleased to have a company of the quality of SA Mena working with us in support of our STAR-ISMS(TM) system. Customer satisfaction is our priority and we know that SA Mena has the experience and commitment required in order to help Star maintain this objective. The Dubai Airshow gave us an excellent opportunity to meet with the principals of SA Mena, in addition to numerous representatives of various airlines and other service providers, and we look forward to maintaining and building upon all of those contacts." Further to Star's press release dated November 26, 2009, the TSX Venture Exchange has now accepted for filing the Company's private placement, which is now closed. The four month hold period on the relevant common shares will expire April 8, 2010. About MENA Aerospace Enterprises WLL MENA Aerospace Enterprises WLL is the primary holding company and administrative head for all companies and business units within the corporate group. The corporate group consists of MAE Aircraft Management WLL which holds an Aircraft Operating Certificate issued by Bahrain's Civil Aviation Affairs to commercially operate aircraft; MAE Jet Charters Company WLL which sells and coordinates V-VIP and corporate travel on chartered business jets; and SA MENA Avionics WLL, an EASA Part 145 & 147, FAA and BCAA approved MRO which specializes in the installation, maintenance and repair of avionic and electronic systems on board aircraft. MENA Aerospace has been established in Bahrain since 2004. The corporate group is majority Bahraini owned, and employs in excess of fifty people at its offices and facilities located in various areas of Bahrain. 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top]
STAR EXTENDS TERM OF WARRANTS AND COMPLETES PRIVATE PLACEMENTTORONTO, Nov. 26 /CNW/ - Star Navigation Systems Group Ltd. ("Star") is pleased to announce that the TSX Venture Exchange has consented to the extension of the term of 4,244,465 common share purchase warrants issued pursuant to a private placement announced December 3, 2008 (the "Warrants"). The Warrants, originally set to expire on December 1, 2009, will now expire on December 1, 2011. Each Warrant will continue to entitle the holder thereof to purchase one common share of Star at an exercise price of $0.30. Subject to TSX-V acceptance, Star has completed a non-brokered private placement of 3,428,333 units (the "Units") of the Company at an issue price of $0.06 per Unit for gross proceeds totaling $205,700. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (a "Warrant Share") at a price of $0.20 per Warrant Share for a term of 24 months from the closing date. Finder's fees in the amount of $20,570 consisting of 342,833 shares are payable in connection with this private placement. All securities issued in the Offering and any shares issued upon exercise of Warrants are subject to a four month statutory hold period from the date of issuance. The net proceeds of the placement will be used for marketing and general working capital purposes. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> -30- /For further information: Please visit www.star-navigation.com or Viraf Kapadia, CEO, (416) 252-2889, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, IR HUB, http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation/ [Top] STAR NAVIGATION TO ESTABLISH U.S. HEADQUARTERS IN ATLANTAThree Aerospace Companies Announce New Georgia Projects Monday, November 16, 2009 Contact: Office of Communications 404-651-7774, Alison Tyrer, GDEcD, (404) 962-4078 DUBAI, U.A.E - Governor Sonny Perdue welcomed three economic development announcements made today from the Dubai Airshow that continue to strengthen Georgia's reputation as a global center for the aviation industry. "Each of these three announcements illustrate a key aspect of our economic development strategy - location of a new U.S. headquarters in Georgia, an existing company expanding its current workforce and an Atlanta-based business selling its products to overseas customers," Governor Perdue said. " Star Navigation Systems Group Ltd., a leading-edge aerospace technology company with a revolutionary new product, will establish its United States headquarters in Atlanta. The company will invest an estimated $1 million in its new location and will create up to 20 jobs over the next 36 months. Zodiac Services Americas LLC is expanding its College Park location, adding up to 26 jobs by the end of 2010 to its current 120-member Georgia workforce. Zodiac Services Americas LLC is the U.S.-based customer services and support branch of Zodiac Aerospace and provides distribution of parts as well as repair and overhaul (MRO) functions for Zodiac Aerospace commercial aviation, helicopter, business and general aviation customers. Also, Jetaire Group, an industry leader in complete avionics and electrical systems solutions, has completed its first sale of an innovative product that can keep auxiliary aircraft fuel tanks from igniting. Saudi Arabian major conglomerate Dallah Albaraka is the first company to receive and implement JetaireÕs ground breaking solution that reduces the complexity and cost for transport airplanes that must meet an FAA mandate (SFAR 88) to install such equipment by December 16, 2009. Star Navigation Star Navigation, based in Toronto, Canada, has developed the worldÕs first system to monitor in-flight data, analyze that data for potential problems and transmit the results to a ground operator in real time. This in-flight safety monitoring system, called STAR - ISMS™ represents a breakthrough in air safety technology. Airplane "black boxes", as they are popularly known, provide historic, not real-time, data, whereas the STAR - ISMS™ continuously monitors selected avionics systems on the aircraft as it flies, instantly analyzes the data, and transmits that data and any incident alerts via satellite to the operator. It effectively acts as an early warning system, detecting the earliest signs of potential problems while an aircraft is still in flight. From its Atlanta headquarters, the company will primarily target commercial and defense applications for its product, with a secondary focus on ancillary tracking and communications solutions for rotary wing and light commercial aircraft as well as marine uses. "Georgia is ideally situated to help us market STAR - ISMS™ to our U.S., Central and South American markets, which are easily accessible through Hartsfield Atlanta Airport," said Viraf Kapadia, chairman & CEO of Star Navigation Systems. "I look forward to building on the great relationships weÕve established with the Georgia business community as our company continues to build its presence here." The announcement followed a meeting between Mr. Kapadia and Governor Perdue at the Dubai Airshow. Governor Perdue is leading a Georgia delegation to the Dubai Airshow, the largest aviation event in the world's fastest-growing region, to strengthen ties to both potential investors into the state and new customers for Georgia's exporters. Zodiac Services Americas LLC The additional employment opportunities at Zodiac Services Americas LLC will take place in a 104,000-square-foot space the company has recently leased for an eight-year period at one of its two College Park facilities, each of which currently employ approximately sixty people. Zodiac Aerospace will work with the Georgia Department of Labor in the hiring process, which has already begun with the addition of six people in October 2009, and will continue through May 2010. "We looked at other locations, but Georgia was the right choice to expand our client services and grow our business," said Lou Perdoni, CEO Zodiac Services Americas, LLC. "The proximity Hartsfield-Jackson Atlanta International Airport gives us to support our various client base is unbeatable, and will help increase our access to potential revenue sources." The Governor announced the expansion after meeting with Zodiac Aerospace Group Director Pierre-Antony Vastra. A delegation from the Georgia Allies, GeorgiaÕs public-private partnership supporting economic development in the state, visited Zodiac Aerospace at its Paris headquarters in October. Project Manager Carter Wood assisted Zodiac Aerospace with its expansion on behalf of the Georgia Department of Economic Development. Jetaire Group Jetaire has engineered and installed its product for the first time working with The Dallah Albaraka Group to modify a Boeing 727 with Rogerson auxiliary tanks. Faisal Haddadin, Advisor to the Chairman of Dallah Flight Operations, said: "We were diligent in exploring a number of options for our modification, and the Jetaire solution exceeded the criteria as the most cost-effective and efficient that we have seen. By simultaneously satisfying our requirements and the regulatory mandates, Jetaire saved us both money and down time. Jetaire's ability to deliver value, quality and exceed requirements was a major consideration for Dallah." The FAA's Airworthiness Directive (AD) requires that all affected auxiliary fuel tanks, including most systems manufactured by ATS, PATS and Rogerson, be upgraded to meet new safety guidelines. Typical solutions address either Phase I, requiring significant reductions in ignition sources; Phase II, which mandates substantial reduction in flammability; or Phase III, which, requires additional lightning protection. However, Jetaire has developed a more affordable, single-phased approach to the multiphase requirements, received its Supplemental Type Certification (STC), and moved beyond retrofitting into manufacturing. Its auxiliary fuel system is fully compliant with SFAR 88 requirements. The companyÕs solution addresses its customers' need for extended range flights, simultaneous satisfaction of the AD's three phases, cost efficiency in both money and time, the highest standard of protection, retention of passenger space and reduction of installation downtime. "Jetaire understands the complex requirements of the directive, and our experts have created a seamless solution with no potential failure modes and a certified 14-year service life," said Michael Williams, president of Jetaire and a member of the International Fire Protections Working Group. "Georgia's business climate and resources have supported our companyÕs research and development of this solution, and provide a great marketing platform as well." In addition to a large number of certifications, Jetaire also holds 20 other Supplemental Type Certifications (STCs) for smoke detection and fire suppression in business and commercial aircraft. Jetaire is the first company to certify for commercial use an explosion suppressant currently used by the military to protect the most advanced tactical fighter aircraft. The company is now developing structural corrections to B737 aircraft that have PATS tanks requiring deactivation according to the FAA's Airworthiness Directive. About GeorgiaÕs aerospace industry Georgia ranks eighth among U.S. states for aviation industry employment, with over 80,000 employees in more than 500 operations. Industry giants like Boeing, Cessna, Gulfstream, Lockheed Martin and many more have a presence in the state. Georgia's total aviation exports worldwide topped $3.2 billion in 2008, ranking the state as the ninth-highest U.S. state in this sector. Georgia ranks fourth among U.S. states in aviation sector exports to the UAE, with exports surging from less than $5 million in 2007 to over $82 million in 2008. 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation; E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION AND ASTRIUM ANNOUNCE COLLABORATION AGREEMENTTORONTO, Nov. 16, 2009 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), and Astrium Limited ("Astrium") are pleased to announce the signing of a formal Collaboration Agreement. The agreement provides for the development of a mechanism which will allow them to work co-operatively together to develop new business opportunities in the field of aircraft critical data collection and transmission systems and service, allowing Star to sell certain of their products through Astrium. An immediate result of this collaboration will be a joint presentation by Astrium and Star at the BEA Flight Data Recovery Working Group in Montreal this week. Astrium, a recognized leader in the development and manufacture of various types of satellite, ground, seaborne and airborne communications, launchers and orbital infrastructure and the development and delivery of satellite services, is a wholly owned subsidiary of EADS, a global leader in aerospace, defense and related services. In 2008, EADS generated revenues of (euro)43.3 billion and employed a workforce of more than 118,000. Star's STAR-ISMS™ system, based on patented technology, is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance-trends and predicting incident-occurrence and automated Mayday feature enhances aviation safety and improves fleet management while reducing costs for the operator. Star's CEO, Viraf S. Kapadia said, "We look forward to a long and successful relationship with Astrium. I am convinced that, given the strengths and capabilities of each of our respective companies, we are in a position to significantly add to the safety and security of commercial aviation for many years to come." Dale F. Sparks, Star's CTO stated: "We're very pleased to be working with such a world-class and industry leading organization such as Astrium. Their knowledge, industry experience and reputation, coupled with our STAR-ISMS™ technology, will go a long way in securing new opportunities for both companies. Moving forward, they will also be instrumental in the development of additional capabilities and value added services for the STAR-ISMS' comprehensive integrated Ground Station system." 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation; E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION TO EXHIBIT AT DUBAI AIRSHOW 2009TORONTO, Nov. 12, 2009 (Canada NewsWire via COMTEX News Network) -- Private Placement Closed Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), is pleased to announce that it will be exhibiting its STAR-ISMS™ system at the Dubai Airshow, November 15-19, 2009. The Dubai Airshow is a significant bi-annual oppourtunity for the aviation community to meet, showcase their products and services, and build relationships and sales. Based on patented technology to which Star owns the exclusive worldwide license, Star's STAR-ISMS™ system is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Star's new video presentation is available at: www.youtube.com/StarNavLtd The private placement announced by the Company November 4, 2009, has now received final acceptance from the TSX Venture Exchange. 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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 or AGORACOM Investor Relations, IR HUB, http://www.agoracom.com/ir/StarNavigationE-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top]
STAR NAVIGATION ANNOUNCES COMPLETION OF PRIVATE PLACEMENTTORONTO, Nov. 4, 2009 (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 of 10,776,666 units (the "Units") of the Company at an issue price of $0.06 per Unit for gross proceeds totaling $646,600. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (a "Warrant Share") at a price of $0.20 per Warrant Share for a term of 24 months from the closing date. Finder's fees in the amount of $62,760 consisting of 1,046,000 common shares were paid in connection with this private placement. All securities issued in the Offering and any Shares issued upon exercise of Warrants are subject to a four statutory hold period from the date of issuance. The net 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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; AGORACOM Investor Relations IR HUB http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION SYSTEMS CORPORATE PROGRESS REPORTTORONTO, Oct. 20, 2009 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company") is pleased to provide an update on current corporate initiatives. China: An Engineering team from Star, lead by Chief Technology Officer, Dale F. Sparks, has just returned from China where he continued detailed discussions initiated on previous visits. Part of these discussions concerned Star's Second Generation Star Server Unit ("SSU"), currently under development by Star and Luxell Technologies Inc. (see Press Release May 14, 2009). The SSU is the heart of the In Flight Safety Monitoring System ("ISMS™") and will offer greater functionality and performance, improved integration, reduced weight and lower cost. It also features significant growth potential to accommodate new applications. Major Manufacturers: In light of the recent aviation events, Star has been approached by major manufacturers in North America and Europe with respect to the capabilities of Star's ISMS™. Management believes that the solutions offered by Stars' patented ISMS™ technology position Star well to move forward in working jointly with industry leaders to provide real time monitoring. The ISMS™ continuously monitors selected avionics systems on the aircraft as it flies, instantly analyzing the data, transmitting the information and data alerts via satellite to the airline. The system provides an operator's ground personnel with the ability to monitor trends, predict possible failures, schedule repairs and assists the flight crew in taking preventive action as may be required. It acts as an early warning system, detecting the early signs of potential problems. Importantly, it performs these functions in "real-time" providing essential safety monitoring to the benefit of passengers, aircraft personnel and ground crew. ISMS™ can transmit up to 18000 parameters per minute, the system being limited only by bandwidth availability. Star's current solution, coupled with end of flight reports, assists in fuel management and savings, live flight data analysis (Live-FDA™) proactive management and improved reporting of the initiatives such as FOQA & MOQA (Flight and Maintenance Operations Quality Assurance), that are required by various Civil Aviation Authorities and agencies. Near Future: Negotiations regarding the sale of Star's ISMS™ system continue with Pakistan International Airlines, as well as operators in India, Canada, the Middle East and other regions. Star continues to remain vigilant with respect to any infringement of its patented technology. For all Star Navigation Systems investor relations needs, investors are asked to visit the Star Navigation IR Hub at http://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. Alternatively, investors can email all questions and correspondence to SNA@agoracom.com, where they can also ask to be added to the investor email list to receive all future press releases and updates in real time. 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Investors may also e-mail questions and correspondence to Viraf Kapadia, CEO, (416) 252-2889 or viraf.kapadia@star-navigation.com or see www.star-navigation.com Copyright (C) 2009 CNW Group. All rights reserved. [Top] BEYOND THE BLACK BOX - LIVE FLIGHT DATA ANALYSISTORONTO, Jun 18, 2009 (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 assist aviation operators worldwide discusses air safety. As reported in the Singapore Straits Times on 12 June 2009, Pierre J. Jeanniot reminded Agence France-Presse that technology has evolved and the current flight recorders, the so called "Black Boxes", are obsolete. Mr. Jeanniot, former President and CEO of Air Canada and former Director General and CEO of the International Air Transport Association (IATA), was one of the pioneers of the original flight data recorder, some forty years ago. Mr. Jeanniot pointed out that in the past there have unfortunately been several cases where even though the flight data recorders have been recovered, the "Black Box" had been so badly damaged that much of the data had been destroyed or very difficult to interpret. Mr. Jeanniot said that a cost-effective automatic system for real-time data transmission exists. Today, it is possible not only to transmit data when specific malfunction occurs, but the system can also be programmed so that in the event of a serious malfunction, it will transmit all data and cockpit communication non-stop. The substantial reduction in satellite communication costs makes such a system relatively inexpensive to operate. Star Navigation Systems Group Ltd. (TSX-V: SNA) continues to refine its In-Flight Monitoring System ("ISMS™" or "Terrastar: RTM™" Real-time Monitoring) - as a successor to the traditional "Black Box". Utilizing Star's patented technology, the ISMS™ system has been fully developed, extensively tested in normal commercial aviation settings, and is commercially available. Such a system allows operators to define the frequency of reports, while retaining the override ability to respond immediately to so-called "MAYDAY" situations. The systems' capability of sending immediate alerts in case of a significant divergence from acceptable system parameters allows for proactive action by Operations and Maintenance Centers. Additionally, the flight performance information captured and transmitted by ISMS™ can provide a dynamic view of the overall behavior of the aircraft at a given time during flight operations. For location information, the system uses on-board GPS equipment and standard aircraft systems to validate data integrity, and then transmit the information via satellite to the ground on a pre-determined or automatic emergency basis. (Please see Star's website www.star-navigation.com for more information). 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please call Viraf Kapadia, CEO, (416) 252-2889, viraf.kapadia@star-navigation.com; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence: SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top]
SKYLINK AVIATION PURCHASES ADDITIONAL UNITSTORONTO, May 27, 2009 (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 assist aviation operators worldwide, is pleased to announce a further sale of 2 of its TERRASTAR: RTM™ Lite Flight Tracking and Communication technology units to SkyLink Aviation Inc. (www.skylinkaviation.com). When added to a previously unannounced activation, this brings the total SkyLink order to 31. Based on Star's patented ISMS™ system, TERRASTAR: RTM™ Lite provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities. Revenue generated is as set forth in our press release of August 29, 2008, on a pro-rata basis. Dale F. Sparks, Star's Chief Technology Officer said, "SkyLink Aviation Inc. operates in Afghanistan, an extremely challenging environment. Our relationship with SkyLink started in late 2007, and the continuing addition of TERRASTAR: RTM™ Lite units to their fleet is most gratifying. To me, it speaks to both the quality of the units themselves, and to the dedication of our personnel." 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION ANNOUNCES APPOINTMENT OF CFO AND DEBT SETTLEMENT AGREEMENTTORONTO, May 27 /CNW/ - 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 Mr. Randy Koroll has been appointed Chief Financial Officer ("CFO") of the Company. Mr. Koroll has 20 years of experience in the accounting industry, focusing mainly on the small - medium sized business segments for public accounting firms. He has extensive experience in the role of CFO and is a Director of Citadel Gold Mines Inc. (NEX: CGM), as well as being a member of that Company's audit Committee. Mr. Koroll is also a speaker for the TSX-Venture Exchange in their seminar series,"Managing a Public Company". Previously he worked in public practice in Toronto, as a Senior Manager - Small Business sector. Star also announces that it will apply for regulatory approval of a Shares for Debt transaction whereby the Company would exchange 4,150,008 common shares of the Company at a deemed price of $0.06, in order to extinguish $249,005 in debt owed to various creditors. The Debt Settlement agreements provide for a deemed price at or in excess of recent closing prices. Included are 1,000,000 common shares to Mr. Hilary Vieira with respect to settlement of litigation, and 700,000 common shares to two Officers and Directors to settle $42,000 in outstanding and accrued management fees (the "Debt Settlement Shares"). The issuance of the Debt Settlement Shares will not result in a change of control, and the transaction is subject to TSX-Venture Exchange approval. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> 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 [Top] STAR NAVIGATION ANNOUNCES SETTLEMENT OF LITIGATION AND ASSIGNMENT OF PATENT RIGHTSTORONTO, May 20, 2009 (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 it has reached a settlement in the action commenced by its former President, Hilary Vieira. As part of the settlement, Mr. Vieira has agreed to dismiss his suit against Star, Viraf S. Kapadia and former Star director Peter Verbeek, and provide a full release of all claims made by him in that action. Star has in turn agreed to dismiss its counterclaim against Mr. Vieira and provide a release to him of its claims. (See press releases dated May 17 and September 18, 2007). (Star's claims against Aeromechanical Services Ltd. (TSX-V: AMA) and others are not part of the settlement). Mr. Vieira has also agreed to fully and completely cooperate and provide full disclosure to Star and Mr. Kapadia in any current or future litigation in relation to U.S. Patent No. 7,113,852 ("the ISMS Patent"), including the litigation currently outstanding with Aeromechanical Services Ltd. ("AMS") and others. Mr. Vieira has further agreed to not have any commercial relations with Aeromechanical Services Ltd., I-Trax International Corp., Kerrie Acquisition Corporation or any of their associates or subsidiaries and, for a period of two years and will not have any commercial relations with any of Stars' direct competitors, their associates or subsidiaries. Pursuant to this settlement, the Company has agreed to pay to Mr. Vieira $116,000 in cash and issue to him 1,000,000 common shares at a deemed price of $0.06 per share. The Company had accrued a greater amount as being payable to Mr. Vieira for his past services. The Company will therefore eliminate over $500,000 in debt from its balance sheet. In a separate transaction, Mr. Vieira has agreed to assign all of his interest in the ISMS Patent to Viraf S. Kapadia, CEO of Star and Co-Inventor of the ISMS Patent. Upon completion of registration of documents at the U.S. Patent and Trademark Office, Mr. Kapadia will be the sole and unrestricted owner of the ISMS Patent. No consideration was paid by Star with respect to this transaction. Star owns the exclusive worldwide license to the ISMS Patent, upon which Star's Terrastar: RTM(TM) technology is based. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> 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 %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 Copyright (C) 2009 CNW Group. All rights reserved. [Top]
STAR NAVIGATION ANNOUNCES PRODUCTION OF NEWLY DESIGNED SSUTORONTO, May 14, 2009 (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 assist aviation operators worldwide for real-time aircraft monitoring, is pleased to announce that it has entered into an agreement with Luxell Technologies Inc. for the production of the Second Generation Star Server Unit ("SSU"). Utilizing STAR's specifications, the new SSU will be produced with greater functionality and performance, improved integration and reduced weight. It also features significant growth potential to accommodate new applications. It is expected to be market-ready soon, which will allow STAR to broaden its customer base through enhanced features and lower cost. LUXELL Technologies Inc. is located in a 45,000 square foot building in Mississauga, Ontario, which includes R&D, manufacturing, and test and product support facilities. It is well known in the Aviation and Defence community for its high performance displays and ruggedized computer units. Dale F. Sparks, STAR CTO stated: "In accordance with our commitment to be an industry leader in real-time aircraft performance monitoring, we have put a significant amount of effort into our technology, particularly over the past two years. We are looking forward to having this new, dynamic, high performance platform available for our system, as it will allow us to take full advantage of our design improvements and additional functionality and it will also provide notable cost and weight benefits to our customers". STAR's CEO, Viraf Kapadia said: "STAR's licensed IP, together with this state-of-the-art hardware and its reliable Linux platform, will allow Star to assist the airline industry and regulatory authorities with an improved monitoring, processing and reporting capability. This new hardware will also provide an enhanced foundation for our In-flight Safety Monitoring System (ISMS(TM)) and will better accommodate our Fuel Management Information System, FOQA, MOQA, ETOPS and other support systems." LUXELL's CEO, Jean-Louis Larmor, declared that the company was excited to work with STAR on a system designed for commercial aircraft and helicopter operators. "Having seen STAR technology, products and first applications, LUXELL believes this represents an excellent retrofit opportunity in that domain, and is pleased to be a part of bringing a new generation of on-board servers to the commercial, and potentially military, aviation operators." Using its patented ISMS(TM) technology, STAR continues to develop new solutions to issues of concern to the aviation industry. STAR's Fuel Management Module is complete, and compliments its fleet and maintenance management functions. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations, IR HUB, http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top]
U.S. COURT DENIES AEROMECHANICAL SERVICES LTD. MOTION FOR SANCTIONS AGAINST STAR NAVIGATIONTORONTO, May 13, 2009 (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, announces that a motion for sanctions brought by Aeromechanical Services Ltd. (TSX-V: AMA) against Star, was dismissed on May 12, 2009 by the United States District Court for the Northern District of California (the "Court"). Aeromechanical Services Ltd. ("AMS") sought an award of attorney's fees, arguing that Star had filed and prosecuted an action against them in bad faith. Star had previously dismissed a complaint against AMS for infringement of Star's U.S. Pat. No. 7,113,852 (See Press Releases March 17, and April 7, 2009). The Court held that Star's voluntary dismissal of the action against AMS did not warrant a conclusion that Star prosecuted the action in bad faith. The Court therefore denied AMS's motion. Star will continue to monitor the situation with AMS and will consider further action if the circumstances warrant it. 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 << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or AGORACOM Investor Relations; Viraf Kapadia, CEO, (416) 252-2889, viraf.kapadia@star-navigation.com Copyright (C) 2009 CNW Group. All rights reserved. [Top]
STAR NAVIGATION ANNOUNCES ADDITIONAL SALES TO ASSL AND SKYLINKTORONTO, Apr 28, 2009 (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 assist aviation operators worldwide, is pleased to announce that Aircraft Sales and Service Ltd. ("ASSL") of Pakistan (www.asslpk.com) has purchased two additional ISMS(TM) LITE Flight Tracking and Communication technology units from Star. The units will be installed on its fixed wing, Fokker F27Mk500 and Beech 1900D aircraft. This brings the total ASSL order to 4. Revenue to Star for the 4 units is approximately USD 70,000, plus tracking and airtime charges of approximately USD 20,000 per annum, based on current usage. ASSL is a local charter service that has been providing commuter services to clients such as British Gas, BHP Billiton Australia, Government of Pakistan (VIP Flight), Tethyan Copper Company Ltd., and Schlumberger Pakistan amongst others, since 1979. ASSL operates in the Western parts of Pakistan near the Afghan border. Yusuf E.H. Jaffer, CEO of ASSL said, "The service provided by your personnel on the ground here in Karachi is second to none and we would not hesitate to recommend the ISMS(TM) Lite System wholeheartedly. Once again, thanks for the safety and security that your system provides to us and to our customers." In addition, SkyLink Aviation Inc. (www.skylinkaviation.com) has purchased a further ISMS(TM) LITE Flight Tracking and Communication technology unit for one of its fixed wing aircraft. This brings the total SkyLink order to 29, of which 27 are installed and operational. (See press release January 22, 2009). Based on Star's patented ISMS(TM) system, ISMS(TM) LITE provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations, IR HUB, http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION ANNOUNCES PRIVATE PLACEMENT AND TSX-V APROVALSTORONTO, Apr 9, 2009 (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 closed a non-brokered private placement of 6,105,094 units (the "Units") at a price of $0.08 per Unit for gross proceeds of $488,408 (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") will entitle the holder thereof to purchase one additional share of the Company at a price of $0.30 per share for a period of two years from the date of Closing. Finder's fees consisting of $41,161 were paid in connection with this private placement. All securities issued in the Offering and any Shares issued upon exercise of Warrants are subject to a hold period expiring August 9, 2009. The net proceeds from the Offering are intended to be used to fund marketing, installations and for general working capital. The TSX Venture Exchange ("TSX-V") has issued final acceptance with respect to the placement. Star also announces that the TSX-V has consented to the extension by Star of the term of 13,182,766 warrants issued by the Company by way of private placement accepted for filing by the TSX-V May 16, 2007, and to the reduction in the original warrant exercise price of $0.30. Each warrant now entitles the holder thereof to purchase one additional share of the Company at a price of $0.20 per share until April 15, 2011. Star also announces that the TSX-V has consented to the reduction of the exercise price of 5,400,000 stock options, previously issued to consultants of the Company, from $0.30 to $0.10. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations: IR HUB http://www.agoracom.com/ir/StarNavigation; E-mail all questions and correspondence to SNA@agoracom.com Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION SIGNS MOU IN CHINA FOR COMAC919 PROGRAMTORONTO, Apr 7, 2009 (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 the signing of an important Memorandum of Understanding ("MOU") with AVIC I Shanghai Aero Measurement-Controlling Research Institute ("SAMRI"), of Shanghai, China. (SAMRI is an Enterprise of AVIC-China Aviation Industry Corporation). Further to the Shanghai Aero Measurement-controlling Research Institute Collaborative Framework Agreement ("CFA") that was signed between STAR and SAMRI (press release November 12, 2008), this MOU demonstrates a further commitment to a collaboration that will see STAR and SAMRI work jointly to develop a solution for the Commercial Aircraft Corporation of China, Ltd. ("COMAC") and facilitate a formal agreement to include Star's In-Flight Safety Monitoring System ("ISMS(TM)") technology (known as "TERRASTAR:Real Time Monitoring(TM)") as standard equipment for the new COMAC919 aircraft. As part of a technical exchange, a team of STAR engineers recently traveled to Shanghai to work with SAMRI. Star and SAMRI jointly presented a simulation of the TERRASTAR: Real Time Monitoring(TM) system to the engineers from COMAC (Shanghai Aircraft Research Institute Division) and also presented a second simulation to representatives of COMAC Shanghai Aircraft Customer Service Co. Ltd. Both simulations received favourable response. Dale F. Sparks, Star's Chief Technology Officer stated: "Our relationship with SAMRI is an important collaboration. The expertise, vision and experience of both companies are synergistic and complimentary and together, we are better positioned for the COMAC919 project. The success of the two simulations was the direct result of significant contributions from both STAR and SAMRI. STAR would like to thank SAMRI for their efforts and support and we look forward to developing an even closer relationship in the future." The STAR and SAMRI collaboration is one of the first joint foreign/domestic partnerships on the COMAC919 program and this MOU will be used as the basis for supplying Star's In-Flight Safety Monitoring System technology to the COMAC919, as standard equipment. Viraf Kapadia, Chairman & CEO of Star said, "We look forward to supplying and integrating Star's licensed, patented technology in collaboration and cooperation with SAMRI and its associated companies. This agreement is in keeping with our philosophy of building firm foundations to make long-term relationships stronger. Star continues in its commitment to ensure that its technology is universally recognized and protected." STAR and SAMRI have also agreed to assemble a joint technical team to enhance the technical management of their cooperation and standardize the technical policies and procedures, in support of COMAC programs. 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 or contact www.star-navigation.com or Viraf Kapadia, CEO, (416) 252-2889 or viraf.kapadia@star-navigation.com. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com or contact www.star-navigation.com or Viraf Kapadia, CEO, (416) 252-2889 or viraf.kapadia@star-navigation.com Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION ANNOUNCES CONTINUATION OF PATENT INFRINGEMENT LITIGATION BY AEROMECHANICAL SERVICES LTD. ("AMS")TORONTO, Apr 7, 2009 (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, announces that Aeromechanical Services Ltd. (TSX-V: AMS) has filed a Motion for Sanctions (the "Motion") against Star in the U.S. District Court for the Northern District of California, claiming $750,000 USD. Star had previously dismissed a complaint against AMS for infringement of Star's U.S. Pat. No. 7,113,852. (See Press Release March 17, 2009). In the Motion, AMS claims that Star's actions in prosecuting its claim were unreasonable. Star believes the AMS Motion to be without merit and will vigorously defend the action. As well, Star continues to assert its right to refile the patent infringement complaint at such time as AMS's sales improve, and AMS is on notice of Star's continued allegation of AMS's continued infringement of its patent. 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 << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %SEDAR: 00009078E SOURCE: Star Navigation Systems Group Ltd. Please visit www.star-navigation.com or AGORACOM Investor Relations, Viraf Kapadia, CEO, (416) 252-2889, viraf.kapadia@star-navigation.com Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION DISMISSES CURRENT PATENT LITIGATION BASED ON DEFENDENT'S MEAGER SALESTORONTO, Mar 17, 2009 (Canada NewsWire via COMTEX News Network) -- Star Navigation Systems Group, Ltd (TSX-V: SNA), ("Star"), today filed a Notice of Dismissal of its lawsuit against Aeromechanical Services Ltd. (TSX-V: AMA), without prejudice, in the U.S. District Court for the Northern District of California. Under the notice, Star continues to have the option of refiling the complaint against AMS for patent infringement of its U.S. Pat. No. 7,113,852 ("the '852 Patent) at a later date, for example, if AMS's sales improve in the future. The decision to dismiss without prejudice was based on AMS's representations during discovery that the cost of the litigation would be significantly greater than any damages Star would receive, based on the limited number of sales AMS has made since its formation. According to AMS itself, any damages that Star could possibly obtain in the litigation are far outweighed by the legal costs already incurred by the parties. Star will continue to monitor the in-flight data monitoring market to protect its intellectual property rights under the '852 Patent. To the extent that would be competitors offer infringing products, Star will protect its rights under the law. 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. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations, IR HUB, http://www.agoracom.com/ir/StarNavigation; E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved [Top] STAR NAVIGATION CONFIRMS STOCK OPTIONSTORONTO, Mar 10, 2009 (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 confirm the grant of incentive stock options to certain officers and directors. The option grants, referred to in its release dated September 16, 2008, were confirmed by the Board November 6, 2008. Options were granted to purchase up to an aggregate of 1,030,000 common shares in the capital stock of the Company. The options expire November 5, 2013 and are exercisable at a price of $0.15 per share. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. %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; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION UPDATES SKYLINK AVIATION CONTRACT - 5 ADDITIONAL UNITS ORDEREDTORONTO, Mar 9, 2009 (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 assist aviation operators worldwide, is pleased to announce a further sale of 5 of its TERRASTAR Lite™ Flight Tracking and Communication technology units to SkyLink Aviation Inc. (www.skylinkaviation.com). This brings the total SkyLink order to 28. (See press release January 22, 2009). Based on Star's patented ISMS™ system, TERRASTAR Lite™ provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities. Revenue generated is as set forth in our press release of August 29, 2008, on a pro-rata basis. Star's technical support team said, "We appreciate the repeat orders from SkyLink Aviation, as well as their continued support and confidence. We offer 24/7 support for all our customers and are gratified that they appreciate our efforts." 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] STAR NAVIGATION ANNOUNCES SALE AND INSTALLATION OF ISMS LITE™ UNITS AND CHANGE OF POSITION OF CO-CEOTORONTO, Mar 6, 2009 (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 assist aviation operators worldwide, is pleased to announce the sale and installation of 2 ISMS Lite units on fixed wing Cessna 406 and Beech 1900 C aircraft owned and operated by Aircraft Sales and Service Ltd. ("ASSL") of Pakistan (www.asslpk.com). The total value of this sale & recurring tracking revenues over five years is expected to be approximately USD 50,000. The cost of airtime used by the customer is in addition. ASSL is a local charter service that has been providing commuter services to such clients as British Gas, BHP Billiton Australia, Government of Pakistan (VIP Flight), Tethyan Copper Company Ltd., and Schlumberger Pakistan, amongst others, since 1979. Mr. Ghazi, Director Engineering of ASSL said: "ISMS-Lite™ has been a welcome addition to our operation. Both our pilots and our Operations staff appreciate the increased safety aspects provided by ISMS Lite™, and our customers are very happy to have such a system on board our aircraft." The ISMS Lite(TM) provides Flight Tracking, Asset Management, Two-wayData/Voice Communications, and Backup Emergency SOS/Distress Capabilities. Dale F. Sparks, Chief Technology Officer of Star said: "We're very pleased that our installation base is continuing to grow - even in these challenging economic times. Our tracking solutions provide added benefit to flight operations management and we're confident that we can continue to grow our market share in this region." Star also announces that its Co-CEO, Jean-Louis Larmor, has resigned that position, effective December 15, 2008. Mr. Larmor continues to be a valued member of Star's Strategic Advisory Committee. In addition, subject to Board and TSX-V approval, Mr. Larmor's name has been put forward to fill a vacancy created by the resignation of Ben Soave as a Director. Mr Soave's resignation, received March 5, is expressed to be effective February 28, 2009. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations, IR HUB http://www.agoracom.com/ir/StarNavigation, E-mail all questions and correspondence SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top]
STAR NAVIGATION ANNOUNCES TSX-V NOTICE TO COMPLYTORONTO, Mar 5, 2009 (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, announces that it has been placed on Notice to Comply by the TSX Venture Exchange Inc. (the "Exchange"). The Exchange conducted a review of Star's disclosure policies and noted some anomalies, errors and omissions. Star has accepted all the recommendations, has taken corrective action and has put in place policies, controls and checks that will make sure no such errors, omissions or mistakes will be repeated. Star appreciates the diligence of the Exchange's Compliance Division in assisting Star to improve its corporate governance. << The Exchange has found that Star had contravened several of the Exchange'spolicy requirements including but not limited to:
In response to the matters raised by the Exchange, Star has instituted the amended internal policies referred to above. In particular, Star has taken the following action:
As well, the CEO has agreed to attend an Exchange Workshop dealing with management responsibilities and corporate governance. In addition, Star is presently engaged in hiring a CFO as the Company's CFO functions are currently be handled by the CEO which is not allowed pursuant to the Exchange's Policies. An announcement regarding the hiring of a CFO should be forthcoming in short order. The Exchange has advised that it will not be taking further action at this time regarding the contraventions of Exchange requirements. However, any further violations of Exchange requirements may result in a review being commenced and applicable further action being initiated by the Exchange against Star and its management, officers and directors. Star sincerely regrets the contraventions of the Exchange's policies and requirements and will use its best efforts to ensure that they will not occur in the future. 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. << Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release. >> %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; AGORACOM Investor Relations, Investor Relations, SNA@agoracom.com, http://www.agoracom.com/ir/StarNavigation Copyright (C) 2009 CNW Group. All rights reserved. [Top] a name='moreskylink'> STAR NAVIGATION ANNOUNCES ADDITIONAL SALE OF ITS TERRASTAR LITE (TM) TO SKYLINK AVIATION AND WISHES ALL ITS SHAREHOLDERS AND SUPPORTERS A VERY HAPPY AND SUCCESSFUL NEW YEAR 2009TORONTO, Dec. 31, 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 an additional 4 units sale of its TERRASTAR Lite(TM) system to SkyLink Aviation. (See press releases June 6, August 29). This brings the total number of units sold to twenty for SkyLink. Revenue to be generated by this additional sale is, on a pro-rata basis, as set forth in our release of August 29th, 2008. The TERRASTAR Lite(TM) provides Flight Tracking, Asset Management, Two-way Data/Voice Communications, and Backup Emergency SOS/Distress Capabilities. Mr. Dale F. Sparks, Chief Technology Officer of Star Navigation Systems stated: "We continue to work with SkyLink Aviation in support of their humanitarian efforts and related programs. Operating in Afghanistan, one of the toughest environments in the world, is a challenge for all concerned." 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 - CLOSES PRIVATE PLACEMENTTORONTO, Dec. 3, 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 closed a non-brokered private placement of 8,488,930 units (the "Units") at a price of $0.10 per Unit for gross proceeds of $848,893 (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. Finder's fees consisting of 811,500 common shares of the Company were paid in connection with this private placement. All securities issued in the Offering and any Shares issued upon exercise of Warrants are subject to a hold period expiring April 2, 2009. 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 final 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 SIGNS ADDITIONAL MOU IN CHINA, WITH AVIATION DATA COMMUNICATION CORPORATION (ADCC) - A SUBSIDIARY OF CAAC AND 9 CHINESE AIRLINES
Beijing 2008: Representatives from STAR and ADCC after signing MOU TORONTO, Nov. 26th, 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 an important Memorandum of Understanding (MOU) that has been signed in Beijing at the offices of the Aviation Data Communication Corporation (“ADCC”) - a jointly owned subsidiary of Civil Aviation Administration of China (“CAAC”) and 9 other airlines in China. This MOU is an important step that will help facilitate a formal agreement for retrofit installations of Star’s TERRASTAR:RTM (TM) on the current aircraft fleets in China. Mr. Viraf Kapadia, Star CEO said, ‘”This is yet another example of the ongoing effort in China started by Star this year. The objective is to be in all emerging markets to promote and provide Star's TERRASTAR: Real-Time Monitoring (TM).” Dale F. Sparks, Star CTO stated: “This MOU not only signifies a positive level of cooperation from the ADCC, but also demonstrates Star’s multifaceted approach to entering the aviation market in China. Moving ahead, our collaboration with the ADCC will focus on developing integration plans and negotiating a formal agreement. We look forward to working closely with the ADCC and greatly appreciate their support.” The MOU will be used as the basis for supplying Star's TERRASTAR:Real-Time Monitoring(TM) system to the current Chinese fleet for installation as a retrofit product, providing efficiency, cost savings and facilitating our comprehensive Fuel Management Information System, with an ROI that strives for the quickest return possible. Both the parties continue to work together with the intent to enter into an agreement in the near future. 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 or contact www.star-navigation.com or Viraf Kapadia, CEO, viraf.kapadia@star-navigation.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 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 "Company") is pleased to announce its strategic partnership with AeroSoft Systems Inc. ("AeroSoft"). AeroSoft (www.aerosoftsys.com) is a privately held Canadian company which has been providing optimized software solutions for management of technical operations to the commercial aviation industry for the past 10 years. AeroSoft flagship products DigiMAINT and WebPMI support technical operations for more than 1500 aircraft at over 30 airlines and MRO's (Maintenance Repair Organization) globally on a 7 x 24 x 365 basis. In conjunction with Star's In-Flight Safety Monitoring System and its existing suite of complementary products, this strategic partnership gives Star a tremendous opportunity to leverage AeroSoft's existing customer base by providing them with a comprehensive solution customized to their individual needs and requirements. AeroSoft CEO Thanos Kaponeridis stated "This strategic partnership with Star Navigation Systems positions our integrated solutions well ahead of the competition. We are now offering a 'cradle to grave' handling of maintenance data from the time a fault code is registered on the aircraft through its trouble shooting cycle to the interface with the Maintenance Management System, the Flight Operations System, the Digital Document Management System and through the scheduling of the work and updating of the technical records and configuration. This type of solution is unique and only offered in customized implementations by the large airframe OEM's using large ERP systems. The AeroSoft/STAR integration is the only solution including a real-time data acquisition capability, built on competitively priced and proven systems and available to all operators and MRO'S." Star Vice President, Sales and Marketing, Mr. Amir Bhatti said, "This high value venture will give us the technological tools required in order to extend the capabilities of our existing systems and bring them to a platform where all the operations of an operator would be on one page, whether management or finance, engineering and maintenance, flight operations or flight safety. This move will also have significant effect on ETOPS (Extended-Range Twin-Engine Operations) monitoring, including but not limited to MOQA (Maintenance Operations Quality Assurance). AeroSoft will be represented by Star Navigation in February 2008 at the Singapore Air Show, the largest Air Show in Asia. 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]
STAR NAVIGATION - PATENT INFRINGEMENT CLAIM AGAINST AEROMECHANICAL SERVICES LTD. ("AMA")TORONTO, Dec. 24 /CNW/ Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company") wishes to announce that the recent changes in its patent infringement complaint against AMA are not substantive in nature, and in no way reduce the strength or substance of Star's claims against AMA. Star's U.S counsel have responded firmly to all issues raised in AMA's press release of December 24, 2007. The inventors of the asserted patent have authorized this litigation, which continues to seek a permanent injunction against the continuing willful infringement of our patent rights by AMA. Star will always vigourously assert its intellectual property rights to the fullest extent of the law. Star firmly expects to succeed in both the Courts and in the marketplace, and believes that its product and technology are superior. 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 © CNW Group [Top]
STAR NAVIGATION EXPANDS MARKETING TO DEFENSE INDUSTRYTORONTO, Dec. 20 /CNW/ Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company") is pleased to announce that it has entered into a strategic partnership with Kestral Holdings Private Limited, a world leader in aviation and defense consulting. Kestral provides in-country consultancy services to a number of multinational corporations based in the USA, Canada, Europe and China. With offices located in Canada, the U.K, Dubai, Pakistan, Malaysia, Sri-Lanka and China, Kestral also provides, through its partners, services to both State agencies and the private sector in Bangladesh, Sri Lanka, Malaysia, Brunei and Afghanistan. Its client list includes Pratt & Whitney Canada, Pratt & Whitney LCE USA, Lockheed Martin Missile and Fire Control, Lockheed Martin- Aeronautics Company, Maritime Systems and Centers, Raytheon Space & Aerospace Systems (SAS), Sikorsky Helicopters, L-3 Communications, Aero Precision Industries, IAE (International Aero Engines) and Gulf Stream Aerospace cooperation. Star is currently in discussions with the defense establishments of several countries that have shown a keen interest in Star Navigation's diversified line of products including the In-Flight Safety Monitoring System ("ISMS™"), ISMS LITE™, and the new security features added to its tracking solutions for Real-Time monitoring. "We expect positive developments in the military and defense sectors, and look forward to a long and mutually beneficial relationship with Kestral." said Amir Bhatti, VP Sales and Marketing at Star. 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 (SNAVF SNA.) CO: Star Navigation Systems Group Ltd. ST: Ontario IN: AIR OTC SU: MRK JVN [Top]
STAR NAVIGATION CORPORATE UPDATE - FALL 2007TORONTO, Dec. 3 /CNW/ Star Navigation Systems Group Ltd. (TSX: SNA-V) ("Star" or the "Company") is pleased to provide its semi-annual corporate update. Pakistan International Airlines ("PIA") A Star Technical Support Team is still in Pakistan, assisting PIA with
the evaluation testing of Star's In-Flight Safety Monitoring System
("ISMS™") aboard one of PIA's Airbus A-310 aircraft. The trial evaluation
commenced in late September (see press release August 29, 2007). Mr. Dale F.
Sparks, Star's Chief Technology Officer, who was in Pakistan for part of the
trial, said "I'm pleased with the trial thus far. The ISMS™ operated as
expected and has monitored, tracked and transmitted data and produced reports
for several flights. We look forward to a decision at the conclusion of the
evaluation." Dubai Airshow
Star was an Exhibitor at the Dubai Airshow, November 11-15, 2007. As the
World's third most influential aviation event, the Dubai Airshow reflects the
growth in aviation in the Middle East region, and is a significant part of
Star's marketing strategy. A solid team from Star, headed by CEO Viraf
Kapadia, showcased Star's product suite, renewed previous relationships and
demonstrated recent significant refinements to prospective customers. The
Company is now following up with requests for further meetings received at the
Show.
As previously announced, orders were received from both Indus Airways and
Skylink Aviation. Indus Airways Star has been advised by Indus Airways that it will take delivery this
month of the first aircraft to be fitted with Star equipment ordered at the
Dubai Airshow. A Star Technical Representative will be on-hand in New Dehli to
supervise the installation and Supplemental Type Certificate application
process. Private Placement The Company has completed its previously announced Non-Brokered Private Placement offering of 11,810,000 common shares of the Company at a price of $0.10 per share, for total gross proceeds to the Company of $1,181,000. The proceeds of the Placement will be used for marketing, sales support and general working capital purposes.
The shares issued under the Private Placement will be subject to a hold
period expiring on March 28, 2008. Outlook Mr. Viraf Kapadia, CEO said .... "I am very pleased with the results of
our Management and Operations Review process over the course of 2007.
Significant changes have been made, and the results are a credit to the hard
work and creativity of both management and staff. I have no doubt that 2008
will be a break-through year in our corporate history." 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: Derek Sutherland, Inv. Relations, Sutherland_derek(at)yahoo.com, Tel. (416) 907-6287; or Viraf Kapadia, CEO, viraf.kapadia(at)star-navigation.com/ (SNAVF SNA.) CO: Star Navigation Systems Group Ltd. ST: Ontario IN: AIR OTC SU: TDS PVT [Top]
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