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Latest News and Archives about STAR

May 26, 2017 - Warrant Amendment

TORONTO, May 25, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), is pleased to announce that it has extended the term of, and repriced 8,070,000 common share purchase warrants ( the “Warrants”) issued pursuant to a private placement announced April 30, 2015. The Warrants, originally due to expire June 11, 2017 carried an exercise price of $0.12.
Each Warrant will now entitle the holder thereof to purchase one common share of Star at an exercise price of $0.09. The new expiry date of the Warrants will be September 11, 2017.

About Star Navigation:

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented Inflight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. 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”, “expected” 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
Jean-Louis Larmor, (416) 252-2889 Ext. 221
Jean-louis.larmor@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com


May 15, 2017 - Star Navigation Announces Execution of Distribution Agreement in China

Toronto, May 11, 2017 - Star Navigation Systems Group Ltd. (CSE: SNA) ("Star" or the "Company"), and Tianjin Zhonglian Tiantong Space Technology Co. Ltd., ("ZLT") are pleased to confirm the execution of a Products Distribution Agreement.

Under this agreement, ZLT will have exclusive rights in China to sell the STAR V-trk™ a real - time tracking, status reporting and analysis system which, due to its small form factor, was specifically tailored for helicopters, regional and business aircraft. Star will deliver the first STAR V-trk™ equipment to ZLT at end of summer 2017

ZLT will also distribute and sell STAR M.M.I.™, displays and control panels for aerospace applications.

Over the next three years, both companies will jointly work on capturing specifically identified customers and users of the two product lines, which already include local airlines and aircraft retrofit centers.

ZLT will utilize the STAR V-trk™ and STAR M.M.I.™ products to complement their current offering of in-house airborne and ruggedized equipment developed around inertial reference and guidance, as well as other communication equipment and services.

This agreement completes Star’s current marketing plan for the Chinese market, which was initiated with another local partner with the STAR T.T.T. ™ tracking and telecommunication system.

Mr. Viraf S. Kapadia, CEO of Star said:

“We are delighted with this new oppourtunity to open new markets for two products at Star, the STAR V-trk™ and the STAR M.M.I.™, displays for retrofit and upgrade. ZLT will benefit from their already established relationship with aircraft and helicopter manufacturers, as well as modification centers locally. Having another solid partner for selling and supporting these products in the Chinese market was a major goal in our Asian approach”.

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. Its real-time capability of tracking performance trends and predicting incident- 2 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.

About ZLT:

Tianjin Zhonglian Tiantong Space Technology Co. Ltd., founded in China in 2008, is engaged in research, development, production and sales of satellite navigation products, inertial navigation systems, fiber-optic gyroscopes and simulation systems. It offers comprehensive coverage (commercial and military market) of the inertial navigation, satellite navigation, and integrated navigation sectors with R & D and production capacity in its 180,000 sq. ft. manufacturing facility.

In addition, ZLT works closely with China’s biggest aerospace university (BUAA-- Beijing University of Aeronautics and Astronautics) to develop new technology for aircraft navigation and CNS/ATM, etc.

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 or

Jean-Louis Larmor, (416) 252-2889 Ext. 221

1 Jean-louis.larmor@star-navigation.com

Gold Feather Marketing Group Attn.:
Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com


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.

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.

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


Jun 15, 2016 - Star Navigation Announces New Customer for Flat Panel Displays

TORONTO, ONTARIO--(Marketwired - June 15, 2016) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA)(OTCBB:SNAVF) ("Star" or the "Company") is pleased to announce that its' STAR Man Machine Interface Division ("STAR-M.M.I. ™") has received a display order from a new customer in Europe.

Mr. Viraf S. Kapadia, CEO, said:

"We are extremely pleased to announce that our STAR-M.M.I. ™ Division has won a contract with a new customer in Europe for the supply of flat panel displays for the retrofit of existing aircraft. MMI has again demonstrated its ability to provide solutions to the very demanding customized retrofit market for this delicate flight equipment. At a time when users worldwide are looking for ways in which to extend the lifetime and accommodate new functionalities for their fixed and rotary wing platforms, STAR -M.M.I.™ can propose customized solutions that will fit into existing cockpits and airframes and that will meet the operators' requirements.

This latest order confirms the value of the STAR-M.M.I.™ Division in helping the Company achieve consistency in its revenues and cash flows. STAR-MMI™ business is ramping up. We have already received a series of additional purchase orders."



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