Business
Star Navigation secures protection in Indian market
Star Navigation secures protection in Indian market.
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\nTSX Venture Exchange Symbol: SNA\n\n\nTORONTO, Oct. 23 /CNW/ - Star Navigation Systems Group Ltd. (TSX: SNA-V)\n("Star Navigation") today announced that the Government of India has granted a\nkey patent, strengthening the Company's position in one of the world's largest\naviation markets, and further protecting the Company's proprietary technology.\n\n\nMr. Viraf Kapadia, Chief Executive Officer of Star Navigation said, "This\nis our sixth patent award, and is a major milestone for the Company. Star's\ntechnology has been awarded patents in the United States, Canada, the United\nKingdom, Hong Kong, Australia, and India. This latest patent solidifies our\nposition in the world's largest growing aviation marketplaces. Star Navigation\nis a pioneer in the industry, and we will continue to protect our intellectual\nproperty aggressively against any infringement of our technology, as evidenced\nby our recent actions in the United States."\n\n\n"The Indian patent is a significant achievement. According to industry\nestimates, the Indian aviation market is growing at a record pace of 20% per\nyear. The Indian aviation industry is also expected to spend more than\n$86 billion over the next two decades. This patent grant ensures that Star\nNavigation will be in a position to play a significant role in that growth,"\nsaid Mr. Dale F. Sparks, Chief Technology Officer of Star Navigation.\n\n\nAbout Star Navigation: Star Navigation Systems Group Ltd.\n(www.star-navigation.com) owns the exclusive worldwide license to its\nproprietary, patented In-flight Safety Monitoring System, the first system in\nthe world to feature in-flight data-analysis, monitoring and diagnostics with\na real-time connection between aircraft and ground. Its real-time capability\nof tracking performance-trends and predicting incident-occurrence enhances\naviation safety and improves fleet management while reducing costs for the\noperator.\n\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 event...