50,780,284 shares outstanding
TORONTO, Nov. 8 /CNW/ - Star Navigation Systems Group Ltd. ("Star
Navigation") (TSX.V: SNA and OTC.BB SNAVF), is pleased to announce that
Transport Canada has approved and certified the submission for the
installation of Star Navigation's ISMS(TM) flagship product, the 'In Flight
Safety Monitoring System' onboard all Airbus Industrie A340-311, 312, 313
aircraft.
The Supplemental Type Certificate 'STC' allows Star Navigation the access
to directly install its flagship product, the In-Flight Safety Monitoring
System - the ISMS(TM) without third party assistance or intervention on all
Airbus A340 type aircraft eliminating any previous technical barrier to sales
entry.
"This particular Transport Canada Certification provides Star Navigation
another tremendous opportunity. Star Navigation can now directly sell and
install on all new and existing Airbus A340 aircraft world-wide. This
dramatically expands our global market reach while greatly enhancing sales
opportunities," reports Viraf Kapadia, Chairman and CEO.
Star Navigation holds Supplemental Type Certificates (STC's) for all
Boeing 727 and 737 aircraft and now with this most recent win, on all Airbus
Industrie A340-311, 312, 313 aircraft.
Star Navigation is in discussions with multiple airlines worldwide for
the sale and installation of its flagship ISMS(TM) product.
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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