Star Navigation Receives Its First Display Production Contract from IRTS France
April 28 2014 - 8:03AM
Marketwired
Star Navigation Receives Its First Display Production Contract from
IRTS France
TORONTO, ONTARIO--(Marketwired - Apr 28, 2014) - Star Navigation
Systems Group Ltd. (TSX-VENTURE:SNA)(OTCBB:SNAVF) ("Star" or the
"Company") is pleased to announce that it has received the first
order from IRTS covering new mission critical flight deck displays
for a Japanese customer.
Mr. Viraf Kapadia, CEO of Star Navigation, said
"This order is the best possible validation of our successful
acquisition of the assets of the former Luxell Technologies,
utilizing Star's expertise in design engineering and manufacturing.
It also adds to our product portfolio.
"IRTS and the Japanese are very demanding customers and Star has
satisfied their stringent quality requirements. Star's
certifications under AS 9100 Rev C and CAR 561 make it natural fit
to satisfy the needs of our valued customers worldwide. We are
proud that our products are installed on the most sophisticated
aircraft - both fixed and rotary-wing - including the Orion P3,
Black Hawk, Eurocopter, Rafael and Airbus 400 M, amongst others. We
are gratified by our customers' confidence in our
capabilities."
Mr. Patrick Roynette, SVP Business Development at IRTS said
"Star Navigation has demonstrated that they were able to
successfully integrate the Man-Machine Interface capabilities into
their business lines and operations. We are very pleased to work
with them for the satisfaction of our Japanese customer. Developing
and bringing new specialized products to this high quality market
requires a lot of expertise, teamwork and confidence, all of which
we found at Star. We are now gearing our France-Canada-Japan teams
towards renewed opportunities in Japan."
About IRTS:
(www.irts.fr)
IRTS is an expert in Ultra rugged display, representing more
than 15000 products internationally. Its Value Added Reseller
department is proud to represent innovative avionic displays, such
as those from Star Navigation's MMI Division.
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. Some of the Star MMI
Division's current customers include;
- Lockheed Martin - USA
- Raytheon - USA
- BAE - UK
- Jepico - Japan
- IRTS - France
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.comwww.star-navigation.comInvestor
Relations:Frontier Merchant Capital Groupinfo@frontiermcg.comPublic
Relations & Media interviews:Hudes Communications
InternationalNelson Hudes(905)
660-9155nelson@hudescommunications.com
Star Navigation Systems (PK) (USOTC:SNAVF)
Historical Stock Chart
From Nov 2024 to Dec 2024
Star Navigation Systems (PK) (USOTC:SNAVF)
Historical Stock Chart
From Dec 2023 to Dec 2024
