Star Navigation Announces STAR V-trk™ Shipments
December 04 2017 - 7:15AM
Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) ("Star"
or the "Company"), is pleased to announce the shipment of two units
of the STAR V-trk™ to its customer and V-trk distributor in
China, Tianjin Zhonglian Tiantong Space Technology Co. Ltd.,
("ZLT"). (See Press release May 11, 2017).
ZLT will be in charge of product distribution and associated
services in China, addressing the requirements of local operators,
from general aviation to regional aircraft and helicopters. STAR is
promoting the STAR V-trk™ in the rest of the world.
The STAR V-trk™ performs tracking and positioning through
satcom, and can provide on-board data collection, processing and
downloading.
With services accessible through a web-based portal, it will
provide quick and improved situational awareness.
It’s highly reduced form-factor makes it ideal for simple
installation on-board a large variety of aerospace assets where
real estate and weight are critical.
The STAR V-trk™ specifically targets small and medium-sized
aircraft as well as the helicopter market segment. Future
developments also include rapid applications to ground
vehicles.
The STAR V-trk™ is intended to be offered in several versions,
offering the customers flexibility in configuration and scalability
to meet the operator’s diverse needs.
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
Snap on (NYSE:SNA)
Historical Stock Chart
From Apr 2024 to May 2024
Snap on (NYSE:SNA)
Historical Stock Chart
From May 2023 to May 2024