Star Navigation Systems Announces Order for STAR-A.D.S.® SYSTEMS
September 11 2017 - 6:00PM
Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) ("Star"
or the "Company"), is pleased to announce that Big Data Avionics
Corp (“BDA”) has placed an order for 10 Star-Airborne Data Service
(“STAR-A.D.S. ®“) systems. This is the 2nd STAR-A.D.S. ® System
order for Star and will be the largest ever so far.
BDA, a Sales Agency of Star, has put down an initial
non-refundable deposit of USD $50,000.00 for this order, with the
remaining balance due upon delivery of each of the units. Delivery
is anticipated in approximately 3 months’ time. The STAR-A.D.S. ®
System and associated services will be for the North American
market, which was BDA”s immediate target segment. The order, at
list price, is valued at USD $600,000, not including annual airtime
and services costs.
Star is advised that BDA is currently in discussions with
several airlines who are aware of the immediate benefits of the
STAR-A.D.S. ® System and who had previously shown interest in the
features of this real-time tracking and monitoring system.
Prabhjeet Singh, CEO of BDA said:
"This is simply the start of our sales efforts. We want to
accelerate the introduction of this technology globally to all
aviation markets. STAR-A.D.S. ® enhances safety and peace of mind
for operators, crew and passengers, as well as offering benefits in
terms of maintenance and operations for all aircraft, which
translates into rapid return on Investment."
Jean Louis Larmor, COO of Star said:
“These are exciting times for Star. We appreciate Big Data
Avionics pro-active approach and look forward to further business
with them.
We are just starting to field the latest generation of the
STAR-A.D.S. ® System, the SSU-G 3, and are benefitting from
feedback from our Mid-Eastern VVIP customer. We are glad to see
that interest in our solution now accelerating.”
The STAR-A.D.S. ® System is a comprehensive end-to-end real time
aircraft monitoring service, which provides aircraft operational
performance data with pro-active analysis and diagnostics via a
secure web based dashboard. (Read More Here:
http://www.star-navigation.com/service/StarADS).
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.
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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