Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

June 15, 2016 08:24 ET

Star Navigation Announces New Customer for Flat Panel Displays

TORONTO, ONTARIO--(Marketwired - June 15, 2016) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA)(OTCBB:SNAVF) ("Star" or the "Company") is pleased to announce that its' STAR Man Machine Interface Division ("STAR-M.M.I. ™") has received a display order from a new customer in Europe.

Mr. Viraf S. Kapadia, CEO, said:

"We are extremely pleased to announce that our STAR-M.M.I. ™ Division has won a contract with a new customer in Europe for the supply of flat panel displays for the retrofit of existing aircraft. MMI has again demonstrated its ability to provide solutions to the very demanding customized retrofit market for this delicate flight equipment. At a time when users worldwide are looking for ways in which to extend the lifetime and accommodate new functionalities for their fixed and rotary wing platforms, STAR -M.M.I.™ can propose customized solutions that will fit into existing cockpits and airframes and that will meet the operators' requirements.

This latest order confirms the value of the STAR-M.M.I.™ Division in helping the Company achieve consistency in its revenues and cash flows. STAR-MMI™ business is ramping up. We have already received a series of additional purchase orders."

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 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" 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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