TORONTO, April 15 /CNW/ - Star wishes to clarify its press release of April 10, 2008 entitled "U.S. District Court declines Aeromechanical request to dismiss infringement lawsuit" and the contradictory information presented by Aeromechanical ("AMS") (TSX: AMA-V) in their April 9, 2008 and April 11, 2008 press releases respectively.
For clarity, the U.S. District Court provided that Star's patent infringement lawsuit against AMS may continue as long as Star files an amendment to the lawsuit by April 30, 2008, joining the patent holders Viraf Kapadia and Hilary Vieira, as named parties.
Star is taking the necessary steps in this regard, and Star does not need the consent of Messrs. Kapadia and Vieira in order to proceed in this regard.
Furthermore, contrary to the information released by AMS, Mr. Vieira had previously consented to Star's action against AMS and Star has evidence of such consent.
Star fully expects its patent infringement lawsuit against AMS to continue and is committed to seeing it through to its logical conclusion. While there are complex issues of law at hand in this matter, Star intends to respond to every AMS attempt to delay or prevent a hearing on the merits and will continue to pursue its legal rights and remedies to the full extent of the law.
Star's Chief Executive Officer, Viraf Kapadia says "I hope that all parties will refrain from inflammatory public statements in the future and avoid trying to litigate this matter in the court of public opinion. The investing public deserves better."
About Star Navigation.
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the worldwide license to its proprietary, patented In-flight Safety Monitoring System - ISMS(TM) 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 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.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00009078E
For further information: www.star-navigation.com, or: Viraf Kapadia, CEO, at viraf.kapadia@star-navigation.com
