Star Navigation Announces Filing of June 30, 2020 Financial Statements

Brampton, Ontario–(Newsfile Corp. – May 27, 2021) – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (“Star” or the “Company”) is pleased to announce that it has filed its June 30, 2020 Audited Financial Statements and related Management Discussion and Analysis along with the subsequent quarterly financial statements and related Management Discussion and Analysis for each of the three months ended September 30, 2020 and six months ended December 31, 2020.

Star has also applied to the Ontario Securities Commission to have the Failure to File Cease Trade Order (“FFCTO”) lifted now that it has complied with all of its continuous disclosure requirements.

Amir Bhatti, Chief Executive Officer stated, “The FY2020 Audited Financials posted on SEDAR is a key milestone that will greatly assist Star to achieve its goal of having the FFCTO lifted very soon. Star is diligently reorganizing and restructuring the key areas especially sales organization with our global and extended presence of the Company to achieve its Corporate short and long-time objectives. Star is now focusing on sales trajectory towards revenue streams.”

Global Aeronautical Distress and Safety System (GADSS)

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.

Mandatory ICAO Regulation – Star Solution Meets and Exceeds ICAO Annex 6, Part 1 GADSS compliance
Aircraft in Distress – Stream essential DFDR Data in Real Time – ‘Autonomous distress flight tracking’
Stay connected, stay informed – handle Irregular Operations (IROPS) with Star Navigation solutions
Post flight localization, recovery and analysis

SAFETY

Gaps in worldwide aircraft tracking to meet ICAO’s Global Aeronautical Distress and Safety System (GADSS) requirement
Delayed FOQA Analysis Report due to untimely manual data extraction
Inefficient real time aircraft and fleet location tracking
Reliance on Digital Flight Data Recorder (DFDR) for post-accident investigation
Lack of Safety record keeping
Continuous close monitoring of aircraft parameters from power-on to power-off to detect and transmit exceedances and alerts through satellites
Continuous transmission of flight location, heading, speed and altitude every 2 minutes through ‘Tweets’
Continuous transmission of customizable flight parameters every 4 minutes through Heartbeats’

PERFORMANCE

Inefficient ‘Engine Condition Trend Analysis’ due to untimely manual data extraction
Lack of real time Aircraft Health Monitoring of entire airline fleet during all phases
Inefficient and manual generation of End-of-Flight Operations and Maintenance reports
Lack of timely post-flight data from international airport hubs
Lack of a centralized management tool giving real time operational picture of fleet, performance, safety and insights into fuel consumption, maintenance and financial reports
Automatic post flight data transmission providing timely Engine Condition Monitoring reports to reduce and forecast unscheduled engine maintenance events through data analysis and Predictive Maintenance

PROFITABILITY

Airline is currently receiving aircraft data through ACARS, based on line of sight VHF transmission
Airline doesn’t have latest real time data for ECM, FOQA, MOQA, Fuel Consumption and OOOI
Airline receives delayed data analytics from third party
Lack of historical data allowing for data mining, forecasting and analysis
Airline receives reactive, untimely post-flight analysis reports leading to missed opportunity to fix issues
Lost Revenues due to high costs of unplanned Maintenance and Aircraft on Ground (AOG) events

ENVIRONMENTAL SUSTAINABILITY

Precise measurement of fuel burns – gate to gate
Prepare trends on aircraft systems to detect changes in fuel comsumption
Measure contributory factors towards increasing carbon footprint
Manage your Carbon credits with precision
Reduction in Carbon emissions equals greener environment
Automated digital end of flight reports – Go paperless – Go green!

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Global Aeronautical Distress and Safety System (GADSS)