SINGAPORE, Feb. 28 /CNW/ - Singapore Air Show - Star Navigation Systems
Group Ltd. ("Star Navigation") (TSX.V - SNA) is pleased to announce it has
entered into a Memorandum of Understanding (M.O.U) with Kharkov State Aircraft
Manufacturing Company - 'Kharkov Aircraft' in Kharkov, Ukraine for the sale,
marketing and installation of Star Navigation's flagship patented product, the
ISMS(TM) - the In-Flight Safety Monitoring System.
Kharkov Aircraft is a leading aircraft manufacturer and upon execution of
a definitive agreement with Star, Kharkov will market Star's flagship patented
product the ISMS(TM) - the In Flight Safety Monitoring Systems to Kharkov's
existing client base. Kharkov Aircraft will also represent Star, and begin
offering the ISMS(TM) to customers who are purchasing the AN 140, and the
AN 74 series aircraft manufactured by Kharkov Aircraft. Using the ISMS(TM)
system, Star will consult with Kharkov Aircraft in improving the overall air
safety of their aircraft.
Kharkov Aircraft is a dynamic aircraft manufacturer with over 75 years of
experience in the production of passenger, cargo and military aircraft.
Kharkov Aircraft has manufactured over 4,000 aircraft, including cargo and
passenger aircraft. These airplanes are currently operated under the most
adverse weather conditions of the Arctic and Antarctic, hot mountainous areas
of South America, and transport cargo and passengers across the Sahara.
Kharkov Aircraft exports airplanes to 29 countries.
"We are delighted and honored to have established this strong strategic
relationship with a very important partner. Kharkov Aircraft represents our
first strategic partnership with an aircraft manufacturer. Not only does it
present a tremendous opportunity for Star to capture significant sales, it
also provides an important opportunity to install our products on the
manufacturing line, before the planes are delivered to the customers," reports
Viraf Kapadia, Chairman and CEO.
Star Navigation is currently in discussions with airlines operators
worldwide for the sale and installation of its ISMS(TM) product.
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 aircraft's 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 airline's
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 crisis 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.
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.
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.
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