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Jul 7, 2014 - Star Navigation Systems in talks with three targets - Interviewed by Mergermarket

[Mergermarket - July 7, 2014] Star Navigation Systems Group(CVE:SNA),a Toronto-based provider of in flight safety monitoring systems,is in ongoing discussions with three targets about a potential acquisition or joint venture, said CEO VirafKapadia.

The likelihood of Star Navigation making an acquisition in the next 12 months is very high,Kapadia said. In addition to its shortlist, Star Navigation looked at but did not pursue two other companies. The company still welcomes calls from bankers regarding prospective buys.

Attractive companies would be in the communications space and would be involved in health monitoring and tracking as well as air traffic control,Kapadia said,noting that Star Navigation is focused on targets in North America.

Acquisition targets would likely be in the CAD 15m-CAD 20m revenue range,he noted.Buys could be financed via share exchange, cash or convertible debentures, he added. Star Navigation, which has a market cap of CAD 22.24m, had cash and cash equivalents of CAD 405,000 as of the end of June 2013.

In February 2012, a  Mergermarket report identified Star Navigation as a possible partner for Guardian Mobility. Asked if Star Navigation could find Guardian Mobility to be an attractive target, Kapadia declined to comment.

Stephane Momy, Guardian Mobility COO, told this news service that there have been discussions in the past with Star Navigation and it could make sense to partner with Star Navigation moving forward.

Star Navigation is focused on the development and marketing of an in-flight monitoring system which allows for data from the aircraft to be transmitted to the groundi n real time.

For the year that ended 30 June 2013, the company had CAD 115,000 revenue and incurred a net loss of CAD 2.9m. It has an accumulated deficit of CAD 41.6m.

The company has used Collins Barrow as its auditor in the past.


Jun 16, 2014 - Star Navigation Offers Real Time Aircraft Tracking

[AINsafety - June16, 2014] The latest version of Star Navigation’s Star-ISMS flight safety monitoring system is designed to supplement an aircraft’s on-board digital flight data recorders through its ability to transmit real-time information to ground stations at user-defined intervals. The new system also provides after-landing reports, intelligent flighStar t data transmission and more detailed live flight data alerts to ground personnel through satellite communications.

One of the main features of the Star-ISMS is its built-in GPS tracking software, which enables more accurate tracking of an airplane to the last known latitude and longitude. Also, it can instantly provide an aircraft’s exact altitude, heading and airspeed. The essential avionics and diagnostic information collected is transmitted at operator-defined intervals or triggered events, via satellite, to ground-based installations in real time regardless of weather conditions.

Star’s onboard hardware and software will also independently analyze all selected incoming sensor and systems data and compare it with normal parameters and generate an alert automatically if necessary. In the event of multiple failures, an automated mayday feature begins an immediate data dump that sends as much information as bandwidth will allow.


Apr 22, 2014 - Companies Seek to Improve Flight Tracking as MH370 Search Continues

[Avionics Today - April 22, 2014] The search for the missing Malaysia Airlines flight MH370 Boeing 777 aircraft is nearing the 50th day, and while there have been hundreds of theories on what happened, the families of the missing victims and the search crew looking for the aircraft will not know what happened until the flight data and cockpit voice recorders are recovered.

Since the aircraft originally went missing, aviation leaders such as the International Air Transportation Association (IATA) have called for better solutions for flight tracking. But, according to Star Navigation Systems Chairman and CEO Viraf Kapadia the technology to improve aircraft tracking exists today.

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Apr 17, 2014 - As search for Malaysia Airlines Flight 370 continues, companies pitch a black box alternative

[Toronto Star - April 17, 2014] For more than month, crews have desperately looked for the missing Boeing 777 jetliner, which disappeared off radar in the early morning hours of March 8, en route from Kuala Lumpur to Beijing with 239 people on board.

The U.S. Navy’s Bluefin-21 robotic submarine has done runs this week, but so far has produced no signs of the aircraft.

Star Navigation Systems Group, based in Etobicoke, also offers real-time aircraft monitoring, which can notify officials on the ground of any sudden changes, from altitude shifts to flight plan alterations.

Viraf Kapadia, Star Navigation Systems chairman and CEO, says that the device pays for itself in six to nine months, by identifying savings such as fuel efficiencies and better maintenance schedules.

It cannot be disabled; the transponder in the Malaysian jet was turned off in flight.

“You can find a missing iPhone,” Kapadia said. “In the 21st century, the only thing we can tell people is we have lost the airplane.”

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Apr 9, 2014 - Real Time Monitoring of Airlines in Flight Is So Important for Safety!

Jean Louis Larmor, Vice President of Corporate development of Star Navigation Systems Group was interviewed on Discovery Channel’s Daily Planet about the importance of Real Time Monitoring of Airplanes In Flight.

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