Brampton, Ontario–(Newsfile Corp. – October 5, 2022) – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (“Star” or the “Company”) is pleased to provide an update on various corporate developments and initiatives.
The Company has successfully passed its triennial Transport Canada (“TC”) renewal audit, in accordance with Canadian Aviation Regulation 561 (“CAR 561”) and has closed the first tranche of a non-brokered private placement (see below).
In accordance with the CAR 561 audit, TC has re-confirmed both Star’s status as an Approved Organization pursuant to CAR 561 and its in-house capabilities to design and build avionics equipment for civil and commercial aircraft.
Amir Bhatti, Star’s CEO said:
“At a time when many small cap Companies are struggling with their operations, the Star team has once again demonstrated their competency and processes with this successful TC audit. The importance of this audit cannot be overstated as it allows the Company to move forward on the continued manufacturing and delivery of Star ISMS® boxes necessary to satisfy both existing and anticipated future sales. Finally, this TC audit serves to further instill confidence in our customers and partners as they look to Star to provide them with enhanced safety and efficiency for their aviation needs.”
Star is in the planning stages of organizing its next Flight Safety Conferences for accident and incident prevention. One will be held in East Africa and two others in West Africa, as well as participation in various AFRAA Conventions. These conferences will be held in November and December 2022 and January of 2023.
Star Navigation facilitates GADSS’s Standards and Recommended Practices (SARPs) that airlines and aircraft operators utilize for aircraft / fleet tracking in normal conditions as well as in distress.