Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

January 13, 2016 08:03 ET

Star Navigation Announces Agreement with ISONEO

TORONTO, ONTARIO--(Marketwired - Jan. 13, 2016) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) (OTCBB:SNAVF) ("STAR" or the "Company"), and Solutions Isoneo Inc. (ISONEO), a subsidiary of Artal Group in France, are pleased to announce their agreement to cooperate on multiple aerospace projects.

STAR will provide its expertise in real-time on-board systems monitoring and tracking. ISONEO will bring its expertise in complex sensors interfacing, information integration, and its Group expertise in avionics integration environment at aircraft manufacturer and OEM levels.

The intent is to provide a multi-purpose real time data gathering and analysis solution for all aerospace applications from research projects to flight tests, and new commercial application insertion.

The companies have started integrating various medical, bio monitoring and environmental detection sensors with the STAR-A.D.S. ® platform and its ground-services capabilities. The first applications are expected to reach the market by Fall 2016.

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. It is 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 facilitating incident-occurrence prevention 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.


Solutions ISONEO Inc., part of the Artal Group, is an engineering consulting company and IT services. It provides solutions for the management of systems, especially for the integration of complex integrated systems, testing and simulation, in areas as diverse as aeronautics (avionics and Air Traffic Management), Defense and Security, Space, and sustainable development.

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, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

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