U.S. Court Denies Aeromechanical Services Ltd. Motion for Sanctions Against Star Navigation
TORONTO, May 13 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions, both hardware and software platforms to assistaviation operators worldwide, announces that a motion for sanctions brought by Aeromechanical Services Ltd. (TSX-V: AMA) against Star, was dismissed on May 12, 2009 by the United States District Court for the Northern District of California (the "Court"). Aeromechanical Services Ltd. ("AMS") sought an award of attorney's fees, arguing that Star had filed and prosecuted an action against them in bad faith. Star had previously dismissed a complaint against AMS for infringement of Star's U.S. Pat. No. 7,113,852 (See Press Releases March 17, and April 7, 2009). The Court held that Star's voluntary dismissal of the action against AMS did not warrant a conclusion that Star prosecuted the action in bad faith. The Court therefore denied AMS's motion. Star will continue to monitor the situation with AMS and will consider further action if the circumstances warrant it.
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.
This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/ir/StarNavig... and view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail all questions and correspondence to SNA@Agoracom.com
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 AGORACOM Investor Relations;
Viraf Kapadia, CEO, (416) 252-2889,
viraf.kapadia@star-navigation.com
