Business
Star Navigation signs additional MOU in China, with Aviation Data Communication Corporation (ADCC) - a subsidiary of CAAC and 9 Chinese airlines
TORONTO, Nov. 26 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA) ("Star" or the "Company"...
About this update from Star Navigation Systems Group Ltd.
[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 26 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA)\n("Star" or the "Company"), a leading edge technology company focused on\nproviding Aerospace Solutions to aviation operators worldwide, is pleased to\nannounce an important Memorandum of Understanding (MOU) that has been signed\nin Beijing at the offices of the Aviation Data Communication Corporation\n("ADCC") - a jointly owned subsidiary of Civil Aviation Administration of\nChina ("CAAC") and 9 other airlines in China. This MOU is an important step\nthat will help facilitate a formal agreement for retrofit installations of\nStar's TERRASTAR:RTM(TM) on the current aircraft fleets in China.\n\n\nMr. Viraf Kapadia, Star CEO said, "This is yet another example of the\nongoing effort in China started by Star this year. The objective is to be in\nall emerging markets to promote and provide Star's TERRASTAR:Real-Time\nMonitoring(TM)."\n\n\nDale F. Sparks, Star CTO stated: "This MOU not only signifies a positive\nlevel of cooperation from the ADCC, but also demonstrates Star's multifaceted\napproach to entering the aviation market in China. Moving ahead, our\ncollaboration with the ADCC will focus on developing integration plans and\nnegotiating a formal agreement. We look forward to working closely with the\nADCC and greatly appreciate their support."\n\n\nThe MOU will be used as the basis for supplying Star's\nTERRASTAR:Real-Time Monitoring(TM) system to the current Chinese fleet for\ninstallation as a retrofit product, providing efficiency, cost savings and\nfacilitating our comprehensive Fuel Management Information System, with an ROI\nthat strives for the quickest return possible. Both the parties will continue\nto work together with the intent to enter into an agreement in the near\nfuture.\n\n\nAbout Star Navigation:\n\n\nStar Navigation Systems Group Ltd. (www.star-navigation.com) owns the\nexclusive worldwide license to its proprietary, patented In-flight Safety\nMonitoring System, the first system in the world to feature in-flight\ndata-analysis, monitoring and diagnostics with a real-time connection between\naircraft and ground. Its real-time capability of tracking performance-trends\nand predicting incident-occurrence enhances aviation safety and improves fleet\nmanagement while reduci...