March 20, 2013 07:00 ET
TORONTO, ONTARIO--(Marketwire - March 20, 2013) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), announces that it has received a Supplementary Type Certificate validation from the Egyptian Civil Aviation Authority. This validation allows for the installation of Star's STAR-ISMS® system aboard a Midwest Airlines (Egypt) Boeing 737-800, in accordance with the purchase agreement between Star and Midwest Airlines (Egypt) ("Midwest").
It is expected that Transport Canada approved Star personnel will travel to Egypt shortly in order to oversee the installation and gather the data required for final operational documentation. Full operation is expected within 45 days, subject to normal regulatory approval.
Star's CEO, Viraf S. Kapadia said:
"Any new technology, no matter how innovative and cost-effective, faces challenges to its initial acceptance by the marketplace. I would like to express my sincere appreciation to Midwest for their confidence in Star and the STAR-ISMS® system, and look forward to a long and mutually beneficial relationship. I would also like to thank the Star team for their hard work and dedication, and trust that this sale will enhance our current initiatives with other airlines in the region."
About Star Navigation:
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS®, 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.
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.
Star Navigation Systems Group Ltd.Viraf S. KapadiaCEO(416) email@example.comRenmark Financial Communications Inc.Bettina Filippone(416) 644-2020 or (514) firstname.lastname@example.orgRenmark Financial Communications Inc.Maurice Dagenais(416) 644-2020 or (514) email@example.comRenmark Financial Communications Inc.Media - Guy Hurd(416) 644-2020 or (514) firstname.lastname@example.org
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