Star Navigation's MMI Division Receives Order From Major Aerospace Company
June 11 2014 - 7:00AM
Marketwired
Star Navigation's MMI Division Receives Order From Major Aerospace
Company
TORONTO, ONTARIO--(Marketwired - Jun 11, 2014) - Star Navigation
Systems Group Ltd. (TSX-VENTURE:SNA)(OTCBB:SNAVF) ("Star" or the
"Company") announces that it's STAR MMI Division has received a
purchase order for upgrades of displays from a major Fortune 100
Aerospace Company.
The order, valued at approximately CDN $ 200,000, covers repair
and upgrades of legacy displays for military transport
aircraft.
The MMI Division was set up in April, 2014, following the
Company's purchase of the assets of Luxell Quebec Technologies Inc.
(See press Release April 1, 2014). Its primary role is the
consolidation of the Company's supply chain through the manufacture
the STAR-A.D.S.™ G2 System. It serves the secondary role of design,
manufacture and repair of high performance mission critical flight
deck, flat panel displays for defence and commercial aviation
industries worldwide. Closely following the IRTS contract (see
Press Release April 28, 2014), this contract is a further
validation of Star's decision to expand control of its supply
chain, its product line and revenue streams.
Mr. Tom Dudek, Engineering Manager of Star stated:
"This second significant contract within two months is a good
indication of industry acceptance of STAR MMI and its design and
repair capabilities. We are confident that our involvement with
displays and man-machine interface will increase for both military
and commercial aerospace applications."
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®, the heart of the STAR-A.D.S.™ 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.
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 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.
Star Navigation Systems Group Ltd.Viraf KapadiaCEO(416) 252-2889
Ext. 230viraf.kapadia@star-navigation.comFrontier Merchant Capital
GroupInvesto Relationsinfo@frontiermcg.comHudes Communications
InternationalNelson HudesPublic Relations & Media
Interviews(905) 660-9155nelson@hudescommunications.com
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