TORONTO, March 14 /CNW/ - Star Navigation Systems Group Ltd.
("Star Navigation") (TSX.V - SNA), is pleased to announce that its common
shares are now listed for trading on the Frankfurt Stock Exchange, under the
symbol 's3o'.
With its headquarters and research and development facilities in Toronto
Canada, Star Navigation's current market focus is in Europe, the Middle East,
India, Pakistan and Asia. International recognition has resulted in signed
contracts, marketing agreements, and multiple Memorandums of Understanding
with customers and strategic partners around the world.
Star has also recognized a strong demand for it's common shares from
retail and institutional investors in Europe and the Middle East. As a result
Star Navigation has chosen to cross list on the Frankfurt Stock Exchange to
further enhance the company's investor base and provide liquidity to an
increasing number of foreign investors.
About Star Navigation...
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the
worldwide license to a product without peer, 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.
More about the ISMS(TM) patented technology...
The ISMS(TM) product features in-flight data-analysis, and monitoring
with a real-time connection between aircraft and ground. Unlike a Black Box,
this technology is proactive and monitors an aircrafts' systems as the
aircraft flies.
The ISMS(TM) picks up data from various data-buses (data points within
the aircraft) analyzes the data, checks for exceedences from the manufacturer
preset norms (and when required the Aircraft operators preset norms) and
constantly trend monitors the information comparing it against the norm or
laid levels.
All the data is processed into English readable information, transmitted
via Satcom and Data Radio to Star's ground station and sends an alert if a
problem is anticipated or an incident has occurred. This enables the airlines
personnel to monitor the aircraft via the Internet and to suggest a course of
action to be taken. If there are no alerts or no abnormalities, then no one
needs to be informed. However, an end of flight report along with other
pertinent reports are automatically generated and sent to predetermined
departments and/or individuals for their review.
In case of an emergency or when there is an alert, the ground station
will notify the pre-designated individuals or departments of that airline via
a pager, SMS-text message, and email or by phone of the situation. From
anywhere in the world, via Internet, that person's input can be put to good
use in avoiding a possible crises situation.
Current legacy systems inform pilots of an incident after it happens
which is "reactive" but the Star system is constantly hunting for differences,
sudden changes from the norm in the form of spikes or alerts as a proactive
tool, not reactive.
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
52,315,844 shares outstanding.
%SEDAR: 00009078E
