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May 3, 2017 - Star Navigation Provides Corporate Update

TORONTO, ONTARIO--(Marketwired - April 19, 2017) - Star Navigation Systems Group Ltd. (CSE:SNA)(CSE:SNA.CN)(OTCBB:SNAVF) ("Star" or the "Company) is pleased to provide an update on various corporate developments and initiatives.

TORONTO, ONTARIO--(Marketwired - April 19, 2017) - Star Navigation Systems Group Ltd. (CSE:SNA)(CSE:SNA.CN)(OTCBB:SNAVF) ("Star" or the "Company) is pleased to provide an update on various corporate developments and initiatives.

Change of Exchange

On April 5, 2017, the Company voluntarily requested that its common shares be delisted from the TSX Venture Exchange ("TSX-V"), where they had been previously been halted following a short delay in filing financial statements and a subsequent TSXV reinstatement review. The Board of Directors of the Company determined that, for ease of administration and an early return to trading, an application to transfer trading to the Canadian Securities Exchange ("CSE") was indicated. Trading of the Company's common shares commenced on the CSE April 7, 2017.

Sales Refocus

For several years, the Company has considered the Middle East, South-East Asia and China to be excellent sales prospects for the STAR-A.D.S.® System due to rapid growth, expanding air transport industries and the increasing number of passenger miles flown. However, although several contracts were entered into with small regional carriers in these areas, management changes, financial issues and priorities and local regulatory problems resulted in a lack of completion of the contracts. Enforcement options were limited by both differing legal environments, as well as customer relations considerations.

One of the major impediments to sales in this area has been our inability to persuade the Government of India to allow the use of the Iridium satellite communication system in their airspace. As the STAR-A.D.S.® System utilizes Iridium to provide worldwide satellite communications, sales and ongoing operations in India will not be possible until there a change in the Government's position. The Company continues its efforts in this regard.

The Company has now determined that an emphasis will be placed on North American and European sales, while continuing to work with existing sales prospects and partners overseas.

Current Sales Development

Work on the sale of the STAR-A.D.S ® System to a VVIP operator in the Middle East (see press release May 3, 2016) is proceeding on schedule. Installation is complete and awaits only completion of G3 box certification (expected shortly), final post "C" check testing and STC sign off in order to go live.

STAR-A.D.S.® Division Product Development

  1. STAR-T.T.T™

Star's intermediate product, the enhanced STAR-T.T.T™, is nearing full commercialization, with completion of design and manufacturing drawings, prototyping, testing and approval of the certification plan by Transport Canada. While expressions of interest have been received from several sources, certification will be completed as resources permit.

  1. Star-V-trk

Star's entry product, Star-V-trk™, is also nearing full commercialization, pending only completion of certification.

  1. Certification

Unfortunately, resource constraints have delayed final certification of these 2 products. However, an improvement in the Company's cash flow position is expected to allow this process to resume and see certifications finalized at or near fiscal year end.

STAR-M.M.I.™ Division

MMI continues to receive and process orders from its four major customers for the repair and refurbishment of existing displays, as well as for new units. Its customer base is slowly expanding, with many military users electing to extend the service life of aircraft currently flying rather than purchasing newer versions.

Research and Development Projects

Star and its research partners continue their work on improving Emergency Medical Services (EMS), starting with Air Ambulance transport, by providing real-time direct transmission to the ground medical dispatch center of patients' vital signs, along with visual assessment and geo-positioning.

Other R&D initiatives utilizing the STAR- ISMS® technology are at various stages of development and will be announced if and when they become viable.

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System technology, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. It is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star's MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Certain statements contained in this News Release 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, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

 
 

 


May 3, 2017 - Star Navigation Retains Investor Relations advisor/Provides MMI Division Update

TORONTO, ONTARIO--(Marketwired - May 2, 2017) - Star Navigation Systems Group Ltd. (CSE:SNA)(CSE:SNA.CN)(CNSX:SNA)(OTCBB: SNAVF) ("Star" or the "Company) is pleased to announce that it has engaged Gold Feather Marketing Group ("GFM") to provide investor relations consulting and shareholder communications services.

TORONTO, ONTARIO--(Marketwired - May 2, 2017) - Star Navigation Systems Group Ltd. (CSE:SNA)(CSE:SNA.CN)(CNSX:SNA)(OTCBB: SNAVF) ("Star" or the "Company) is pleased to announce that it has engaged Gold Feather Marketing Group ("GFM") to provide investor relations consulting and shareholder communications services.

In connection with the engagement, GFM has been awarded a consulting contract commencing April 20, 2017 at $12000 per month for a term of 12 months. In addition, GFM has been granted options to purchase 1,500,000 shares of Star at prices between five cents ($0.05) per share and twenty ($0.20) cents per share. The options will vest between August 20, 2017 and April 20, 2018, expire between April 19, 2018 and October 19, 2018 and will be governed by the provisions of Star's stock option plan, as amended. The contract may be terminated by either party upon thirty (30) days' notice.

MMI Division

Further update on STAR's Man Machine Interface Division ("STAR-MMI ™") activities.

  • Additional displays, originally built by Star, have been received for maintenance and repair under a contract from Northrop Grumman Italy ("NGI"). These integrated smart displays were custom designed to respond to the specific requirements of one of NGI's overseas customers.
  • Additional general display repairs have been conducted for another major military aerospace maintenance corporation.

    Star' s COO, Jean-Louis Larmor stated:

    " These ongoing orders are further evidence of STAR-MMI ™'s capabilities in fielding, supporting and upgrading man-machine interface solutions customized to the user's specific requirements".

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. It is the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Star's MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

Certain statements contained in this News Release 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, except as required by law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com


Mar 2, 2015 - Safer Flying Through Better Technology: An Interview with Star Navigation's Jean-Louis Larmor

[Equities Canada - March 02, 2015] The disappearance of Malaysian Airlines flight 370 was a shocking moment for most of the world. The loss of the 227 passengers and 12 crew members was clearly a tremendous tragedy, but the idea that a fully-loaded Boeing 777 could simply vanish like flight 370 did was one that shook people everywhere. It was a stark reminder of just how vast the world can be. Conversations quickly turned to what airlines can do to prevent an occurrence like this from happening ever again.

Enter Canadian company Star Navigation (SNAVF) . Star Navigation systems designs and builds Flat Panel Displays for business, commercial, and military aircraft that provide pilots with a more detailed, comprehensive, and organized window into the functioning of their craft’s vital systems. It is also developing and now fielding systems that can continually record and transmit information real-time via satellite so that an aircraft’s location and health can always be tracked, regardless of its location.
 
Jean-Louis Larmor, Star Navigation’s Vice President of Corporate Development, talked with equities.com about his company’s important products and how they can make air travel safer.
 
 


Jan 1, 2015 - A Brighter Future for the Black Box

[Equities Canada - Jan 01, 2015] Toronto-based Star Navigation is aggressively marketing real-time tracking technology that could help avert future airline disasters.

In the vast depths of the southern Indian Ocean, amid ancient underwater volcanoes and deep trenches, search crews continue to scour the seabed for remnants of Malaysia Airlines flight MH370, which disappeared en route to Beijing in March 2014. The largest and most expensive search in aviation history has, so far, turned up nothing.

Unlike a black box, which simply records flight data, STAR-ISMS® transmits encrypted pre-analyzed information in real time via satellite to a ground monitoring station, where it is decrypted and stored. “We are a proactive black box,” says Kapadia, “instead of a reactive black box. You don’t even have to look for a black box.”

STAR-ISMS® has been tested and certified for air-worthiness by several national transport authorities, including the Federal Aviation Authority (F.A.A.) of the United States and Transport Canada.

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Jul 14, 2014 - Missing Malaysia Airlines Jet Shines Spotlight on Tracking Technology

[The New York Times (International) - July 14, 2014] Two hours after Malaysia Airlines Flight 370 disappeared on a flight from Kuala Lumpur to Beijing on March 8, the Boeing 777 experienced a total loss of power, according to a recently released report from the Australian Transport Safety Bureau. The significance of this is not explained in the report because it is part of the Malaysian investigation, and Malaysian officials have declined to comment on it.

Even at the time of the Air France accident, sending flight data based on some triggering event was possible, said Viraf Kapadia, chief executive of Star Navigation, a flight monitoring service based in Toronto, who said he had suggested it to the crash investigators.

“Everyone talked about it,” he said, but then “suddenly everyone went to sleep, I.A.T.A. and I.C.A.O.” He added, “People were worried about cost.”

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