TORONTO, May 14 - Star Navigation Systems Group Ltd. (TSX-V: SNA.V) ("STAR" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to assist aviation operators worldwide for real-time aircraft monitoring, is pleased to announce that it has entered into an agreement with Luxell Technologies Inc. for the production of the Second Generation Star Server Unit ("SSU"). Utilizing STAR's specifications, the new SSU will be produced with greater functionality and performance, improved integration and reduced weight. It also features significant growth potential to accommodate new applications. It is expected to be market-ready soon, which will allow STAR to broaden its customer base through enhanced features and lower cost.
LUXELL Technologies Inc. is located in a 45,000 square foot building in Mississauga, Ontario, which includes R&D, manufacturing, and test and product support facilities. It is well known in the Aviation and Defence community for its high performance displays and ruggedized computer units.
Dale F. Sparks, STAR CTO stated: "In accordance with our commitment to be an industry leader in real-time aircraft performance monitoring, we have put a significant amount of effort into our technology, particularly over the past two years. We are looking forward to having this new, dynamic, high performance platform available for our system, as it will allow us to take full advantage of our design improvements and additional functionality and it will also provide notable cost and weight benefits to our customers".
STAR's CEO, Viraf Kapadia said: "STAR's licensed IP, together with this state-of-the-art hardware and its reliable Linux platform, will allow Star to assist the airline industry and regulatory authorities with an improved monitoring, processing and reporting capability. This new hardware will also provide an enhanced foundation for our In-flight Safety Monitoring System (ISMS(TM)) and will better accommodate our Fuel Management Information System, FOQA, MOQA, ETOPS and other support systems."
LUXELL's CEO, Jean-Louis Larmor, declared that the company was excited to work with STAR on a system designed for commercial aircraft and helicopter operators. "Having seen STAR technology, products and first applications, LUXELL believes this represents an excellent retrofit opportunity in that domain, and is pleased to be a part of bringing a new generation of on-board servers to the commercial, and potentially military, aviation operators."
Using its patented ISMS(TM) technology, STAR continues to develop new solutions to issues of concern to the aviation industry. STAR's Fuel Management Module is complete, and compliments its fleet and maintenance management functions.
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.
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release.
Contacts
Please visit www.star-navigation.com or Viraf Kapadia
CEO
(416) 252-2889
viraf.kapadia@star-navigation.com
AGORACOM Investor Relations
IR HUB
http://www.agoracom.com/ir/StarNavig...
E-mail all questions and correspondence SNA@agoracom.com
http://www.agoracom.com/ir/StarNavig...
