TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) — Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (“Star” or the “Company”), is pleased to provide an update with respect to ongoing discussions being held with Indian regulators concerning the opening of the Indian market for sale and activation of the STAR-A.D.S. ® System.
Star’s Indian distributor recently concluded a series of meetings with the office of the Indian Directorate General of Civil Aviation (“DGCA”). The DGCA is the Indian governmental regulatory body for civil aviation, operating under the Ministry of Civil Aviation.
A meeting with the Ministry of Civil Aviation of India also took place. The Indian equivalent of Transport Canada, the role of the Ministry is to formulate national policies and programmes for the development and regulation of Civil Aviation and for devising and implementing schemes for the orderly growth and expansion of civil air transport. Star’s unique technology and its ability to enhance both air safety and operational efficiency was discussed thoroughly and has created significant interest with the Indian authorities. Letters were accepted by the regulators initiating the formal process. The next step is a formal technical presentation of the features and benefits of the STAR-A.D.S. ® System, to be provided by Star’s engineering and sales staff at a date to be confirmed.
Star’s CEO, Viraf S. Kapadia said:
“We have been working with the authorities in India on this initiative for several years and are most encouraged by the response to the proposals made during our recent meetings. The Indian aviation market is growing at a very rapid pace and we are convinced that our products can contribute to that growth by enhancing air safety.”
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. 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.
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”, “expected” 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 the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.
Please visit www.star-navigation.com or
Jean-Louis Larmor, (416) 252-2889 Ext. 221
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434