Star Navigation Announces First Purchase Order for STAR V-trk™
July 20 2017 - 5:00PM
Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN)
(OTCBB:SNAVF) ("Star" or the "Company"), is pleased to confirm
the first order for Star V-trk™ units, Star’s newest tracking and
monitoring equipment for airborne applications.
The Star V-trk™ is the latest part of Star’s
patented family of systems, able to track and monitor aircraft, in
real-time, worldwide.
The Star V-trk™ is the smallest piece of equipment
in Star’s portfolio, able to perform tracking and positioning
through satcom, as well as provide on-board data collection,
processing and downloading.
It is ideally suited for small aircraft and
helicopters, but is also intended for applications to land
vehicles.
Tianjin Zhonglian Tiantong Space Technology Co.
Ltd., ("ZLT"), Star’s distributor in China for Star V-trk™, will
deploy these first two units before the end of October, 2017. ZLT
will also use Star ground segment technology for tracking and data
display.
Mr. Viraf S. Kapadia, CEO of Star said:
“We are excited by this first concrete step in our
approach to the Chinese market, and are very encouraged by the
excellent and quick response by our distributor. We are looking
forward to being able to demonstrate the features and benefits of
the Star V-trk™ in a live environment.
We are also planning further applications and
variations of the Star V-trk™ product to address specific needs
identified by our research. We anticipate a long and mutually
beneficial relationship with ZLT in China.”
About Star Navigation:
Star Navigation Systems Group Ltd. owns the exclusive worldwide
license to its proprietary, patented In-flight Safety Monitoring
System, STAR-ISMS®, the heart of the STAR-A.D.S. ® System. 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.
Star’s MMI Division designs and manufactures high performance,
mission critical, flight deck flat panel displays for defence and
commercial aviation industries worldwide.
About ZLT:
Tianjin Zhonglian Tiantong Space Technology Co.
Ltd., (« ZLT ») was founded in China in 2008, and is
engaged in research, development, production and sales of satellite
navigation products, inertial navigation systems, fiber-optic
gyroscopes and simulation systems. It offers comprehensive coverage
of the inertial navigation, satellite navigation, and integrated
navigation sectors for the commercial and military aerospace and
land markets. It has both R & D and production capacity
in its 180,000 sq. ft. manufacturing facility.
In addition, ZLT works closely with China’s
biggest aerospace university (BUAA-- Beijing University of
Aeronautics and Astronautics) to develop new technology for
aircraft navigation and CNS/ATM.
Certain statements contained in this News Release
constitute forward-looking statements. When used in this document,
the words “may”, “would”, “could”, “will”, “expected” 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, except
as required by law.
Neither the Canadian Securities Exchange nor its Market
Regulator (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or
accuracy of the content of this release.
Please visit www.star-navigation.com or
Jean-Louis Larmor, (416) 252-2889 Ext. 221
Jean-louis.larmor@star-navigation.com
Gold Feather Marketing Group
Attn.: Anahadjeet Garewal (647) 409-3434
info@goldfeathermarketing.com
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