Mar 19, 2014 - Star Navigation Announces AS9100 Rev C Quality Re-Certification
Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company") announced today that it has been successfully re-certified to the ISO 9001- 2010 / AS9100 Revision C Standard.
Viraf Kapadia, Chairman and CEO of Star Navigation stated,
"This re-certification is a testimony to Star Navigation's continuous commitment to investing in our quality management systems, ensuring that we provide the highest possible quality products, systems and services to our customers in the Aerospace and the Defense sectors.
Star Navigation is committed to Operational Excellence, and continuous investment in its people and processes is an important part of these efforts. The AS9100 Rev C certification is a key additional element, strengthening our capabilities from design to supporting development and production of advanced systems."
About AS9100 Rev.C
AS9100 Rev. C is a widely adopted and standardized Quality Management System for the aerospace industry. Placed under the authority of the Society of Automotive Engineers and the European Association of Aerospace Industries, AS9100 incorporates ISO 9000 entirely, while adding additional requirements relating to quality, risk and safety. This ensures products have a consistently high level of quality, safety and reliability. Major aerospace manufacturers and suppliers world-wide require the certification as a precondition of doing business with them.
Feb 20, 2014 - Star Signs Agreement To Acquire Manufacturing Assets / Extends Expiry Date Of Warrants
Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company") is pleased to announce that it has entered an agreement of purchase and sale whereby Star will acquire the assets, client list and IP (including numerous patents) of an aerospace products company in Canada. The assets to be acquired will expand Star's ability to secure and improve the efficiency of its supply chain, enhance its product offering in commercial and military equipment, generate additional revenue and integrate its manufacturing and research and development areas more effectively.
The transaction is subject to a due diligence period, the negotiation and preparation of supporting documentation and to the filing of required TSX Venture Exchange (the "Exchange") material.
The Company is also pleased to announce that the Exchange has consented to the extension of the term of 15,200,000 common share purchase warrants issued pursuant to a private placement accepted for filing by the Exchange February 29, 2012 (the " Warrants"). The Warrants, set to expire on February 24, 2014, will now expire on February 24, 2017. Each Warrant will continue to entitle the holder thereof to purchase one common share of Star at an exercise price of $0.30.
Jan 3, 2014 - Star Extends Term of Warrants/Shareholders Approve Advance Notice By-Law
Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company") is pleased to announce that the TSX Venture Exchange (the "Exchange") has consented to the extension of the term of 19,948,666 common share purchase warrants issued pursuant to a private placement announced January 12, 2010 (the " Warrants"). The Warrants, set to expire on January 12, 2014, will now expire on January 12, 2015. Each Warrant will continue to entitle the holder thereof to purchase one common share of Star at an exercise price of $0.30.
At the Annual General Meeting of the Company held December 16, 2013, the shareholders approved an Advance Notice By-law passed by the Board of Directors of the Company February 13, 2013. This By-law ensures that the Company has adequate time to respond in an informed way to nomination of directors. A copy of the By-law is available on SEDAR or upon written request to the Company.
Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, 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.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.
Dec 6, 2013 - Star Navigation Announces Resignation of Director - Marketwired
Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company") announces that Mr. Charles Wyburn has resigned as a director of the Company.
Mr. Wyburn, of London, England, became a director of the Company in 2008. As a Fellow of the Institute of Chartered Accountants in England & Wales, his experience in a variety of differing sectors has been appreciated by the Company.
As part of its continuing efforts to improve efficiency and minimize costs where possible, the Company has instituted a search for Mr. Wyburn's replacement and expects to fill the vacancy now existing on the Board of Directors with a qualified local candidate.
The Company thanks Mr. Wyburn for his service and wishes him well in his future endeavours.
Dec 5, 2013 - Star Navigation Attends NBAA and Dubai Airshow-Retains Renmark Financial Communications Inc.
The biennial Dubai Airshow took place at Dubai World Central in November, attended by over 60,000 trade visitors and 1700 International and Regional media. Star had an opportunity to showcase our STAR-A.D.S.™ system to various airlines, executives and MRO's. The highlight of the show was the signing of a sales agreement with AlMasria Universal Airlines (see Press Release November 25, 2013).
In October, a Star team attended the National Business Aviation Association (NBAA) Convention and Exhibition in Las Vegas. Star is pleased to report that we made some important connections and are developing relationships that we hope to formalize soon.
The Company is also pleased to announce that it has retained the services of Renmark Financial Communications Inc. to support its investor relations activities.
"We are pleased to announce that we have selected Renmark to reinforce Star's profile in the financial community and enhance the visibility of our project portfolio. We choose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Viraf Kapadia, CEO of Star Navigation Systems Group Ltd.
In consideration of the services to be provided, Star Navigation Systems Group Ltd. has agreed to a monthly agreement with a monthly retainer of $4,000 for IR services and a monthly agreement with a monthly retainer of $2,000 for media services to Renmark Financial Communications Inc.
Renmark Financial Communications Inc. does not have any interest, directly or indirectly, in Star Navigation Systems Group Ltd. or its securities, or any right or intent to acquire such an interest.
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