TSX Venture Exchange Symbol: SNA
TORONTO, Dec. 18 /CNW/ - Mr. Viraf Kapadia, Chairman and C.E.O. of Star Navigation Systems Group Ltd. ("Star"), developer of Flight Safety and Fleet Monitoring Systems, is very pleased to announce that one of the highlights of Star's 4th Annual General Meeting, held today, was the introduction of Mr. Jean-Louis Larmor as Co-CEO of Star.
Mr. Larmor has for some time been a member of Star's Strategic Advisory Committee, and brings to the Co-CEO position an extensive background in the Aerospace Industry. His experience ranges from company management, to strategic analysis, business development, program management, sales and support. Previous positions include Director - Thales International Canada, Director Business Development - Aerospace, Thales International, North America, Vice-President - Strategy and Business Development, Sextant Avionique, and Marketing and Sales positions with Aerospatiale, France.
Mr. Kapadia said, "Star's 4th Annual General Meeting was the best yet. The questions from shareholders were varied and thoughtful. Our COO, John MacKenzie explained his view of Star and its role in the industry over the coming year and our VP Sales and Marketing, John Campana, spoke to his vision of Star's market over the next two years. Both addresses were very well received by shareholders. I was especially gratified by Jean-Louis Larmor's closing comments to the meeting. His knowledge of the Aerospace Industry and his strategic viewpoint were much in evidence throughout his remarks. I welcome him to the Star family and am excited about our prospects for the coming year."
About Star Navigation
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the worldwide license to its proprietary, patented In-flight Safety Monitoring System - ISMS(TM), 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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