Star Navigation is Granted an Airbus A320 STC by Transport Canada
March 27 2014 - 12:44PM
Marketwired
Star Navigation is Granted an Airbus A320 STC by Transport Canada
TORONTO, ONTARIO--(Marketwired - Mar 27, 2014) - 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® system on the Airbus A320
aircraft.
This STC is granted for the recently completed Second Generation
("G2") STAR-ISMS® system. It is a major milestone in the commercial
development of the system. The G2 STAR-ISMS® 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®
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® 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®, 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.
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.
Star Navigation Systems Group Ltd.Viraf KapadiaCEO(416) 252-2889
Ext.
225viraf.kapadia@star-navigation.comwww.star-navigation.comInvestor
Relations:Frontier Merchant Capital Groupinfo@frontiermcg.comPublic
Relations:Nelson HudesHudes Communications International(905)
660-9155nelson@hudescommunications.com
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