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Latest News and Archives about STAR

Jul 20, 2017 - Star Navigation receives first Star V-trk order

Mr. Viraf Kapadia reports

STAR NAVIGATION ANNOUNCES FIRST PURCHASE ORDER FOR STAR V-TRK

Star Navigation Systems Group Ltd. has received its first order for Star V-trk units, Star's newest tracking and monitoring equipment for airborne applications.

The Star V-trk is the latest part of Star's patented family of systems, able to track and monitor aircraft, in real time, worldwide.

The Star V-trk is the smallest piece of equipment in Star's portfolio, able to perform tracking and positioning through satcom, as well as provide on-board data collection, processing and downloading.

It is ideally suited for small aircraft and helicopters, but is also intended for applications to land vehicles.

Tianjin Zhonglian Tiantong Space Technology Co. Ltd. (ZLT), Star's distributor in China for Star V-trk, will deploy these first two units before the end of October, 2017. ZLT will also use Star ground segment technology for tracking and data display.

Viraf S. Kapadia, chief executive officer of Star said:

"We are excited by this first concrete step in our approach to the Chinese market, and are very encouraged by the excellent and quick response by our distributor. We are looking forward to being able to demonstrate the features and benefits of the Star V-trk in a live environment. We are also planning further applications and variations of the Star V-trk product to address specific needs identified by our research. We anticipate a long and mutually beneficial relationship with ZLT in China."

About Star Navigation Systems Group Ltd.

Star Navigation owns the exclusive worldwide licence to its proprietary, patented inflight safety monitoring system, STAR-ISMS, the heart of the STAR-ADS 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.

We seek Safe Harbor.


Jul 14, 2017 - Star Navigation's server receives full certification

Mr. Jean-Louis Larmor reports

STAR NAVIGATION ANNOUNCES FULL CERTIFICATION OF SSU-G3

Star Navigation Systems Group Ltd.'s the latest version of its server, the Star Server Unit-G3 (SSU-G3), has received full certification and is ready to enter service.

The SSU G3 features, amongst other things, an additional GSM transmission capability for its reporting and raw data transmission functions. It is now fully compatible with the latest avionics standards and is available for on-board implementation across all currently flying aircraft and helicopter fleets worldwide. In addition, the SSU-G3 has enhanced capabilities of manual USB extraction.

The latest-generation SSU-G3 has successfully passed all environmental tests for hardware as well as software for avionics equipment. Electromagnetic interference (EMC/EMI), environmental and flammability testing were successfully completed for the DO 160G certification. DO 178B Level E was also successfully attained for software certification.

About Star Navigation Systems Group Ltd.

Star Navigation owns the exclusive worldwide licence to its proprietary, patented inflight safety monitoring system, STAR-ISMS, the heart of the STAR-ADS 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.

We seek Safe Harbor.


Jun 16, 2017 - Star Navigation Announces Exercise of Warrants

TORONTO, June 15, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), announces that a total of 8,795,000 warrants to purchase common shares of the Company have been exercised at a price of C$0.06 per common share up to June 11, 2017, resulting in proceeds to the Company of C$527,700.

The warrants were originally issued during June, 2015, through a private placement of 16,140,000 units, with each unit consisting of one (1) share of common stock and one (1) warrant to purchase one (1) share of common stock. 8,070,000 of the warrants, plus 725,000 Finder’s Fee warrants were exercisable to purchase one (1) common share at $0.06, with the remaining 8,070,000 being exercisable, as amended, to purchase one (1) common share at $0.09. The latter warrants expire September 11, 2017.

Viraf S. Kapadia, Chairman and CEO of Star said:

“The exercise of warrants by these shareholders provides a strong vote of confidence in Star, and increases our resources as we continue to reorganize our sales program and maintain our commitment to our R&D partners and to our customers.”

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-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 or
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


Jun 1, 2017 - Star Navigation Announces Share Lock-up Agreement

Toronto, June 8, 2017 - Star Navigation Systems Group Ltd. (CSE: SNA) ("Star" or the "Company"), announces that certain major shareholders, including all directors and management of the Company, have entered into a formal strategic Voluntary Lock-Up Agreement in respect of over 30 % (120 million) of the issued and outstanding common shares of the Company, effective immediately.

The Voluntary Lock-Up Agreement stipulates that these shareholders shall not offer to sell, transfer, assign, pledge or hypothecate these common shares or any beneficial interest in them, or enter into any transaction to such effect, directly or indirectly, on or before October 6, 2017.

Star’s CEO, Viraf Kapadia, said,

"These directors and major shareholders of the Company have reconfirmed their long-term belief in Star's management, its vision and and its ability to increase shareholder value. "

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 incidentoccurrence 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 2 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
Jean-louis.larmor@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com


May 26, 2017 - MMI Update

TORONTO, May 24, 2017 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCBB:SNAVF) ("Star" or the "Company"), is pleased to provide a further update on its STAR-M.M.I. ™ (“MMI”) activities.

As released earlier (see Press Release re Multi-year Agreement April 20, 2017), MMI continues to benefit from good relationships that it has developed over the past few years with several major aerospace companies. Since 2014, MMI has developed, produced and maintained high end displays under ad-hoc purchase agreements. These displays are primarily deployed worldwide in military applications such as the U.S. Navy’s P-3 Orion program, but are also utilized in civilian aircraft and helicopter retrofits.

Jean-Louis Larmor, Star’s COO said:
“In addition to the recent multi-year agreement for repairs and maintenance of MMI legacy displays, refurbishment orders have been received from Northrop Grumman Italy, and another US customer, Blue Aerospace. These ongoing contracts with large multi-national corporations support Star’s forward planning from both a revenue and resource allocation standpoint. Last week, an additional Display build contract from a long standing Japanese customer, Jepico Corporation, was received for its customer, Fujitsu. Although no long-term agreement is in place with Jepico, it has been a customer on a piece by piece basis since 2014.”

Based on past order volumes, and current pricing, projected total revenue from the maintenance agreements, the new build orders and the new STAR-M.M.I. ™ displays business is projected to reach approximately C$910,000 for CY 2017, with net income (total MMI revenues – cost of labour, parts, rent and depreciation) of approximately C$544,000.

Historically, net income from MMI activities was C$ 237,537 for CY 2014, C$ 185,268 for CY 2015 and C$ 135,950 for CY 2016. The 2016 year was adversely impacted by the suspension of repair activities by our largest customer during the contract renegotiation period. Those activities have now resumed and are subject to a negotiated price increase.

Jean-Louis Larmor, continued:

“Star has two lines of activities, STAR-M.M.I. ™ and STAR- A.D.S. ®. The STAR-M.M.I. ™ business utilizes our engineering expertise in avionics. Its historical performance and projected revenue numbers improve Star’s position as a whole. However, our attention is primarily focused on developing and improving the STAR-A.D.S. ® activities, which continue to generate negative income for the Company as a whole. In order for it to become our main source of revenue and achieve widespread industry acceptance, additional sales are required.”

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



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