Star Navigation Announces Confirmation of Transport Canada Approved Organization Status
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/21/15 -- Star Navigation Systems Group Ltd. (TSX VENTURE: SNA)(OTCBB: SNAVF) ("Star" or the "Company") is pleased to announce that the Company has successfully passed its triennial Transport Canada ("TC") renewal audit, in accordance with Canadian Aviation Regulation 561 ("CAR 561").
Pursuant to the CAR 561 audit, TC has confirmed Star''s status as an Approved Organization and its in-house capabilities to design and build avionics equipment for commercial airlines and operators.
Viraf S. Kapadia, Star''s CEO said:
"Once again, Star''s efficient team and rigorous quality standards have been demonstrated by the results of Transport Canada''s audit. As multiple products are now fielded, with solutions to Air, Land and Marine segments, revenues have sharply increased from past year. Star is working towards increased international market capture in both civilian and military areas. "
About Star Navigation:
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 facilitating incident-occurrence prevention 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 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. Star does not assume any obligation to update these forward-looking statements, except as required by law.
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.
Contacts:
Star Navigation Systems Group Ltd.
Viraf Kapadia
CEO
(416) 252-2889 Ext. 230
Investor Relations:
Frontier Merchant Capital Group
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Datum: 21.12.2015 - 16:00 Uhr
Sprache: Deutsch
News-ID 1405856
Anzahl Zeichen: 2116
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Aircraft
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