Business
Star Navigation Announces - Hong Kong Patent Awarded
Star Navigation Announces - Hong Kong Patent Awarded.
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Jan. 17 /CNW/ - Star Navigation Systems Group Ltd. 'Star\nNavigation' (SNA - TSX.V) is pleased to announce that the Government of Hong\nKong has awarded the Official Grant of Letters Patent for its flagship\nproduct, the ISMS(TM) - In-flight Safety Monitoring System. The official grant\nis entitled, \"Systems and Method for Transportation Vehicle Monitoring or\nAnalyzing,\" and is the Company's second license to the worldwide patent\napplications to be awarded.\nSecuring patents is a key strategy in maintaining Star Navigation's\nproprietary advantage with its flagship product, the ISMS(TM). The ISMS(TM) is\nthe first system in the world to feature in-flight data monitoring and\ndiagnostics with a real-time, secure connection between aircraft and the\nground, made possible through current technology and satellite transmission.\n\"2005 was a very positive year for the company. We were awarded our first\npatent by the United Kingdom, and signed orders of approximately $17 million\nfor the ISMS(TM) at list prices. Having secured our Hong Kong patent, we look\nto 2006 becoming another banner year! We are in earnest sales discussions with\nairline operators world-wide, and look to adding further successes in the\ncoming year ahead,\" reports Viraf Kapadia, Chairman and CEO.\n\nAbout Star Navigation...\n\nStar Navigation Systems Group Ltd. (www.star-navigation.com) owns the\nworldwide license to a product without peer, its proprietary, patented \nIn-flight Safety Monitoring System - ISMS(TM), the first system in the world\nto feature in-flight data-analysis, -monitoring and -diagnostics with a \nreal-time connection between aircraft and ground. Its real-time capability of\ntracking performance-trends and predicting incident-occurrence enhances\naviation safety and improves fleet management while reducing costs for the\noperator.\n\nCertain statements contained in this News Release constitute \nforward-looking statements. When used in this document, the words \"may\",\n\"would\", \"could\", \"will\" and similar expressions, as they relate to Star or\nits management are intended to identify forward-looking statements. Such\nstatements reflect Star's current views with respect to future events and are\nsubject to certain risks, uncertainties and assumptions. Many factors could\ncause Star's actual performance or achiev...