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Latest News and Archives about STAR

Feb 14, 2019 - Star Navigation Thanks Premier Ford for Supporting Ontario Business

TORONTO, Ontario, February 14, 2019 –Star Navigation Systems Group Ltd. (CSE:SNA) (OTCQB: SNAVF) ("Star" or the "Company") wishes to thank Ontario PremierDoug Ford for taking time out of his busy schedule to visit our new Head Office inBrampton.
 
During his visit, Premier Ford had a chance to meet with both Senior Management andstaff, and tour our new facility.
 
One of the highlights of the tour was a comprehensive audio-visual briefing on Star’s new MEDEVAC solutions, STAR-ISAMM™ and STAR-LSAMM™. The STAR-ISAMM™ system interfaces with existing bio-medical patient monitoring equipment aboard a MEDEVAC helicopter. It securely transmits the patients’ vital signs and other critical information directly to receiving hospital physicians through SATCOM or GSM, as well as providing tracking and location of the vehicle. This allows the early assessment and initiation of the best possible care plan, well before the patient arrives. The System is equally adaptable to both ambulance and commercial airline usage. The Premier was also briefed on the full range of Star’s other products, all of which are based on Star’s patented ISMS® technology and all of which were developed here in Ontario. The briefing reviewed the flagship STAR-A.D.S. ® System, a real time, satellite based, in-flight safety monitoring system, and its variants STAR-TTT™ and STAR-Vtrk™. In his closing remarks, Premier Ford graciously thanked Star’s management for the chance to learn about Star’s new technologies, which he said were the kind of investor supported entrepreneurial initiatives that are the basis for oppourtunities and growth in Ontario.
 
Mr. Viraf Kapadia, Chairman and CEO of Star said: “Having the chance to discuss Star’s solutions for improvements in health care through our MEDEVAC products was most gratifying. Premier Ford is certainly a very strong proponent of Ontario business and we look forward to working with him and his government in the future.”
 
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" 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 Canadian Securities Exchange nor its Regulation Services Provider (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. This Press Release is available On the Company's CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A between Management and Shareholders. 
 
https://agoracom.com/ir/StarNavigationSystems/forums/discussion 
 
Please visit www.star-navigation.com or
Viraf Kapadia, CEO, (416) 252-2889 Ext. 230
viraf.kapadia@star-navigation.com

 


Feb 4, 2019 - Star Navigation Announces Cooperation Agreement with Centre Hospitalier Universitaire Sainte-Justine (“CHUSJ”)

TORONTO, Ontario, February 4, 2019 –Star Navigation Systems Group Ltd. (CSE:SNA) (OTCQB: SNAVF) ("Star" or the "Company") announces that the Company and its recently acquired subsidiary Solutions Isoneo Inc. (to be renamed STAR-ISONEO Inc. - see press release January 16, 2019) and CENTRE HOSPITALIER UNIVERSITAIRE SAINTE-JUSTINE, (https://www.chusj.org) have signed a cooperation agreement forthe Emergency Medical Services (“EMS”) markets which will enable them to providereal-time monitoring of patients while in transit on the ground or in the air.
 
CHUSJ is one of the top 10 mother-child hospitals in the World, with over 3500 births ayear. It has over 1500 nurses, over 500 Doctors and over 200 researchers on staff. As auniversity hospital centre, the CHUSJ brings together, in one location, patient care,research, teaching, technological assessment, rehabilitation and health promotion.
 
The parties will work on the application of the STAR-A.D.S. ® System to the EMS field,utilizing STAR equipment known as In-Flight System Aided Medical Monitoring (“STARISAMM™”) for air ambulance applications and Land System Aided Medical Monitoring, (“STAR-LSAMM™”) addressing Ground ambulances.
 
STAR and STAR-ISONEO are directly working on the hardware and software component of the systems, while CHUSJ, as a subject-matter expert, is working on the medical operations and environment. As an illustration, the CHUSJ is tasked with the definition and the realization of the medical users visual interface of the solution. The parties have already successfully presented the solution in Montreal in late in 2018. and STAR will be responsible for the marketing and sales of this unique EMS solution.
 
 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" 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 Canadian Securities Exchange nor its Regulation Services Provider (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.
 
This Press Release is available On the Company's CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A between Management and Shareholders. https://agoracom.com/ir/StarNavigationSystems/forums/discussion
 
Please visit www.star-navigation.com or
Viraf Kapadia, CEO, (416) 252-2889 Ext. 230
viraf.kapadia@star-navigation.com


Jan 21, 2019 - Star Navigation Announces Board and Management Changes

TORONTO, January 21, 2019 – Star Navigation Systems Group Ltd. (“Star” or the “Company”) (CSE: SNA) (OTCQB: SNAVF) is very pleased to announce the following elections and appointments:
 
Board of Directors
 
At the last Annual General Meeting of shareholders of the Company, Mr. David Tsubouchi and Ms. Mary Meffe were elected to the Board of Directors.
 
David Tsubouchi was the first Japanese Canadian to be elected to any office in Ontario when he was elected to the Council of the Town of Markham. He was also the first to be elected to a provincial legislature and to be appointed to a cabinet in Canada. He is the former Registrar and CEO of the Ontario College of Trades that regulated the skilled trades in Ontario. Mr. Tsubouchi has served as the Minister of Consumer and Commercial Relations, Solicitor General, Chair of Management Board and Minister of Culture. Mr. Tsubouchi has also served as the Integrity Commissioner of the Town of Richmond Hill and as the Honourary Consul General for Mongolia. Mr. Tsubouchi holds a B.A. from York University, J.D. from Osgoode Hall Law School, LL.D. from Assumption University in Windsor, D.S.Litt. from Huntington University and C.Dir. from the DeGroote School of Business, McMaster University. He currently sits on the boards of the OMERS Pension Fund and Women’s College Hospital. Some of his past board experience includes York University, Seneca College, the Markham Stouffville Hospital, Teranet Income Trust and Hitachi Canada.
 
Ms. Meffe is currently the Vice President, Corporate and Information Services and Chief Financial Officer for the Municipal Property Assessment Corporation (MPAC), responsible for overseeing the organization’s financial planning and operations, information services and facilities management
 
Mary has more than 20 years of financial and operations expertise developed in the private, public and not-for-profit sectors, with demonstrated success advising leadership teams in fast-paced, dynamic environments.
 
Before joining MPAC in 2018, she was Chief Financial and Administrative Officer at the Ontario College of Trades, where she provided strategic financial and operational guidance to the leadership team of the newly formed organization. Prior to joining the College, Ms. Meffe spent 12 years in the energy sector. Previous roles include, CFO for Planet Energy, a start-up company that she helped grow into a $120m organization with operations in both Canada and the United States.
 
From 2001 through 2007, Ms. Meffe held various positions including Director of Finance, Vice President, Finance and Chief Financial Officer with Just Energy, a $2B publicly traded enterprise with operations globally.
 
Mary teaches accounting to undergraduate students at Seneca College. She has a Bachelor of Commerce from the University of Toronto and holds the CPA, CA and Chartered Director designations.
 
Each of Mr. Tsubouchi and Ms. Meffe will be granted 200,000 options to purchase common shares of the Company. The options have a term of two (2) years, vest over a period of one (1) year and are exercisable at a price of $0.10 per common share purchased
 
Chief Operating Officer
The Company is also pleased to announce the appointment of Mr. Michael Homer, P.Eng. ICD.D as Chief Operating Officer of the Company, effective January 14, 2019. Mr. Homer was most recently the Chief Executive Officer of Vital Alert Communications Inc. a specialty communications company. He has held senior leadership positions including Executive Vice-President Breconridge, electronics manufacturing services (EMS), President of Americas Operations for Celestica, and Vice President, Honeywell Aerospace Airframe Systems. Along with this role he was also President, Honeywell Canada. He was a member of the Aerospace Association of Canada’s (AIAC) Board of Directors, where he represented Honeywell Canada as a Canadian workshare partner on NATO programs. Before joining Honeywell, Mr. Homer had an 11-year career in the automotive industry with Ford Electronics Manufacturing Corporation. Mr. Homer is a Professional Engineer, certified by the Association of Professional Engineers of Ontario and a Certified Director by the Institute of Corporate Directors.
Mr. Homer will be granted 500,000 options to purchase common shares of the Company. The options have a term of two (2) years, and vest over a period of one (1) year. One half of the options are exercisable at a price of $0.10 per common share purchased, and the balance at $0.15 per common share purchased.
 
Mr. Jean-Louis Larmor
Mr. Jean-Louis Larmor, formerly Chief Operating Officer, has been appointed VP. - Corporate Development of Star, effective January 14, 2019. Based in Montreal, Mr. Larmor, in addition to his new duties at Star, also takes on responsibility for STAR-ISONEO Inc. as its new President. (See Press Release January 16, 2019). Mr. Larmor will be granted 200,000 options to purchase common shares of the Company. The options have a term of two (2) years, and vest over a period of one (1) year. The options are exercisable at a price of $0.10 per common share purchased.
 
Mr. Viraf S. Kapadia, CEO and Chairman of the Board said: “These management changes, and the strengthening of our Board of Directors
with the addition of David Tsubouchi and Mary Meffe, will give me more time to creatively concentrate on growth and adding shareholder value. “ Option grants
 
In addition to the stock option grants noted above, pursuant to its 2006 Incentive Stock Option Plan, as amended, the Board of Directors of the Company has approved the grant of incentive stock options to purchase 1,150,000 common shares in the capital stock of the Company to certain directors and officers of the Company (the “Grantees”). The options expire January 14, 2023, and are exercisable at a price of $0.10 per share.
 
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" 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 Canadian Securities Exchange nor its Regulation Services Provider (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.
 
This Press Release is available On the Company's CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A between Management and Shareholders. https://agoracom.com/ir/StarNavigationSystems/forums/discussion
 
Please visit www.star-navigation.com or Viraf Kapadia, CEO, (416) 252-2889 Ext. 230
viraf.kapadia@star-navigation.com


Jan 16, 2019 - TORONTO, Ontario, January 16, 2019 –Star Navigation Systems Group Ltd. (CSE: SNA) (OTCQB: SNAVF) ("Star" or the "Company") announces that Star and Finances Gestion & Développement SAS (“FGD”)

Star Navigation Announces Acquisition
TORONTO, Ontario, January 16, 2019 –Star Navigation Systems Group Ltd. (CSE: SNA) (OTCQB: SNAVF) ("Star" or the "Company") announces that Star and Finances Gestion & Développement SAS (“FGD”) , the French Holding company managing Artal Technologies (http://www.artal.fr) and Magellium (http://www.magellium.com/), today signed an arm’s length agreement which provides for the acquisition by Star of a majority position in SOLUTIONS ISONEO INC. (“ISONEO”), currently a wholly-owned FGD subsidiary located in Montreal. No finder’s fees were paid. STAR will undertake full operational management of the company, to be renamed STAR-ISONEO Inc.
 
ISONEO is a specialised software subsidiary of FGD, developing complex solutions in engineering, simulation and development for Canadian customers. ISONEO was already working closely with Star in the development of Stars’ MEDEVAC (STAR-ISAMM™ and STAR- LSAMM™) applications of the patented STAR-A.D.S. ® technology, and on Star’s current R&D program with Bombardier.
 
Artal Technologies specializes in onboard real-time systems, data simulation and processing and model-based engineering. Magellium specializes in earth observation, GIS and geo intelligence and has expert knowledge of image processing and related services.
 
Going forward, STAR-ISONEO Inc. will benefit from the combined strengths of both Artal, Magellium and Star, exploring and undertaking new R&D projects related to the business of the two groups. It will develop new applications directed towards both Canadian and North American OEMs. In addition, STAR-ISONEO will market the ArtalMagellium capabilities, in engineering and in sensors and image processing, towards the Canadian market.
 
Mr. Jean-Louis Larmor, VP-Corporate Development and proposed President of STARISONEO said:
 
‘The possibilities offered by this operation strengthen the capabilities of both companies and widen our audience, starting with Quebec and Canada but also with France, where Artal will allow us to have a ‘footprint’ for promoting our solutions’ 
 
The financial terms of the acquisition are not considered material by the Company.
 
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" 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 Canadian Securities Exchange nor its Regulation Services Provider (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.
 
This Press Release is available On the Company's CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A between Management and Shareholders. https://agoracom.com/ir/StarNavigationSystems/forums/discussion
 
Please visit www.star-navigation.com or
Viraf Kapadia, CEO, (416) 252-2889 Ext. 230
viraf.kapadia@star-navigation.com


Nov 13, 2018 - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE:SNA.CN) (OTCQB: SNAVF) ("Star” or the “Company”)

TORONTO, Nov. 13, 2018 - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE:SNA.CN) (OTCQB: SNAVF) ("Star” or the “Company”) is pleased to announce that AlMasria Universal Airlines ("AlMasria") of Egypt has decided to proceed with the installation and activation of the STAR-A.D.S.® System across all five (5) of its current aircraft fleet, which includes A-320, A-321, A330 and B737 aircraft.

The terms of the original procurement agreements dating back to late 2013 and 2015 have been revised and expanded to meet the changed needs of the airline.  With AlMasria expansion plans already underway with the addition of more aircraft and routes, the new Agreement includes a provision to accommodate future additions to their fleet.

STAR-A.D.S.® PROVIDES ALMASRIA WITH OPERATIONAL COST EFFICIENCIES AND COMPLIANCE WITH UPCOMING INTERNATIONAL CIVIL AVIATION RECOMMENDATIONS

The STAR-A.D.S.® System will help AlMasria achieve important operational cost efficiencies to pursue its growth plans, as well as immediately meet the most recent recommendations of the International Civil Aviation Organization (“ICAO”) concerning the Global Aeronautical Distress and Safety System (“GADSS”). Specifically, ICAO has recommended that, as of November 2018, airlines should report flight positions every 15 minutes over oceanic areas and, as of January 2021, there should be autonomous location and tracking of aircraft in distress at least once every minute.

The STAR-A.D.S.® System already exceeds compliance with all of the ICAO GADSS recommendations and evolutions planned from 2018 to 2021 and beyond. (See Star Press release of June 11, 2018 for expanded discussion and details).

Viraf Kapadia, CEO of Star Navigation Systems said:

"Completion of this sale to AlMasria covering their entire fleet will allow us to deploy our tracking and monitoring solutions on the most popular commercial aircraft in a competitive region of the world. We have already worked out the validation process of our Transport Canada STC’s by the local authorities (ECAA) and we are ready to fast track the implementation of our solution. The full benefits of our STAR-A.D.S.® System, from immediate compliance with the coming navigation tracking and reporting rules, to operational cost savings, will help AlMasria gain a competitive edge in a rapidly evolving market.



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