Star Navigation Systems Group, Ltd (TSX-V: SNA), (“Star”), today filed a Notice of Dismissal of its lawsuit against Aeromechanical Services Ltd. (TSX-V: AMA), without prejudice, in the U.S. District Court for the Northern District of California. Under the notice, Star continues to have the option of refiling the complaint against AMS for patent infringement of its U.S. Pat. No. 7,113,852 (“the ‘852 Patent) at a later date, for example, if AMS’s sales improve in the future.
The decision to dismiss without prejudice was based on AMS’s representations during discovery that the cost of the litigation would be significantly greater than any damages Star would receive, based on the limited number of sales AMS has made since its formation. According to AMS itself, any damages that Star could possibly obtain in the litigation are far outweighed by the legal costs already incurred by the parties.
Star will continue to monitor the in-flight data monitoring market to protect its intellectual property rights under the ‘852 Patent. To the extent that would be competitors offer infringing products, Star will protect its rights under the law.
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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.
About Star Navigation:
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, 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.
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.
For further information:
Please visit www.star-navigation.com or
Viraf Kapadia, CEO, (416) 252-2889
viraf.kapadia@star-navigation.com
AGORACOM Investor Relations
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