Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

October 20, 2014 12:42 ET

Star Navigation Expands STAR-MMI Division Mandate

TORONTO, ONTARIO--(Marketwired - Oct. 20, 2014) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA)(OTCBB:SNAVF) ("Star" or the "Company"), is pleased to announce that it has been approved for Controlled Goods Program registration in Canada.

The Controlled Goods Program ("CGP") is a federal government program administered by Public Works and Government Services Canada. It is a national domestic industrial security program that helps strengthen Canada's defense trade controls and prevents proliferation of tactical and strategic technology and assets including missile technology, military equipment and related intellectual property. This is done by regulating and controlling the examination, possession, and transfer of controlled goods in Canada. Anyone who conducts business in Canada and examines, possesses or transfers controlled goods must comply with Defense Production Act and the Controlled Goods Regulations. Registrants' work sites are regularly inspected to ensure compliance.

The STAR-MMI Division is already designing, manufacturing and supporting high performance flat panel displays for defence aviation industries worldwide. This updated registration allows the Company to address new projects internationally, to design new equipment for export and to expand its existing repair and replacement activities while solidifying its relationships with aerospace manufacturers for defense market applications. It also applies to its STAR-A.D.S. ™ System.

"While the STAR-MMI Division has been in operation for just over six months, it is already proving to be both a valuable revenue generator and significant contributor to Star's capabilities and the stability of its supply chain management. The CGP registration is critical to Star's expansion and its ability to offer all of its products and services to military markets and projects. In particular, our road map calls for the development of military applications of our STAR-A.D.S. ™, which is raising interest in defense domains. Star is now CGR compliant and can actively pursue its plans, both in delivering STAR-MMI products and in developing STAR-A.D.S. ™ defense versions."

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 may 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.

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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