Star Navigation is Granted an Airbus A320 STC by Transport Canada
March 27 2014 - 1:44PM
Marketwired Canada
Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"),
is pleased to announce that Transport Canada has granted it a Supplemental Type
Certificate ("STC") with respect to the installation of its STAR-ISMS(R) system
on the Airbus A320 aircraft.
This STC is granted for the recently completed Second Generation ("G2")
STAR-ISMS(R) system. It is a major milestone in the commercial development of
the system. The G2 STAR-ISMS(R) system offers enhanced functionalities while
being smaller, lighter, and even more cost effective to the end users.
The Airbus A320 series is one of the bestselling jet airliners in aviation
history selling more than 10,000 aircraft as of February 2014. Airbus A320 jets
are now being utilized in most regions of the world by airlines operating in the
short to medium haul flight segment.
Viraf S. Kapadia, Chairman and CEO of Star said,
"We are very pleased to receive this STC. The necessary work for this STC was
100% done in-house at STAR and reviewed by Transport Canada approved Designated
Airworthiness Representatives ("DAR"). This is the latest addition to the STCs
currently owned by the company, including the STC for the B737 aircraft. Star is
aggressively working on sales and marketing activities and expects to obtain
more STC's rapidly now that they are prepared in-house, addressing the customers
various fleets. This is a significant achievement highlighting the ongoing
refinement of the STAR-ISMS(R) system and its commercialization, as well as the
capabilities of the Company."
The company is actively increasing its own strengths and resources. Star
currently has licensed Professional Engineers and experienced programmers
working on enhancing the design and evolution of the STAR-ISMS(R) system. They
are also able to prepare the engineering change orders and installation
instructions for customer airlines.
In addition to its in-house staff, Star is working with professional pilots who
have clocked more than 70,000 flight hours, as well as licensed Aircraft
Maintenance Engineers, and a certified aircraft accident investigator to help
meet customers and regulatory demands.
About Star Navigation: (www.star-navigation.com)
Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its
proprietary, patented In-flight Safety Monitoring System, STAR-ISMS(R), the
heart of the STAR-A.D.S. (TM) System. It is 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 may 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.
Please visit www.star-navigation.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Star Navigation Systems Group Ltd.
Viraf Kapadia
CEO
(416) 252-2889 Ext. 225
viraf.kapadia@star-navigation.com
www.star-navigation.com
Investor Relations:
Frontier Merchant Capital Group
info@frontiermcg.com
Public Relations:
Nelson Hudes
Hudes Communications International
(905) 660-9155
nelson@hudescommunications.com
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