Star Navigation Systems Group Ltd.
TSX VENTURE : SNA
OTCBB : SNAVF

Star Navigation Systems Group Ltd.

April 28, 2014 09:02 ET

Star Navigation Receives Its First Display Production Contract from IRTS France

TORONTO, ONTARIO--(Marketwired - April 28, 2014) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA)(OTCBB:SNAVF) ("Star" or the "Company") is pleased to announce that it has received the first order from IRTS covering new mission critical flight deck displays for a Japanese customer.

Mr. Viraf Kapadia, CEO of Star Navigation, said

"This order is the best possible validation of our successful acquisition of the assets of the former Luxell Technologies, utilizing Star's expertise in design engineering and manufacturing. It also adds to our product portfolio.

"IRTS and the Japanese are very demanding customers and Star has satisfied their stringent quality requirements. Star's certifications under AS 9100 Rev C and CAR 561 make it natural fit to satisfy the needs of our valued customers worldwide. We are proud that our products are installed on the most sophisticated aircraft - both fixed and rotary-wing - including the Orion P3, Black Hawk, Eurocopter, Rafael and Airbus 400 M, amongst others. We are gratified by our customers' confidence in our capabilities."

Mr. Patrick Roynette, SVP Business Development at IRTS said

"Star Navigation has demonstrated that they were able to successfully integrate the Man-Machine Interface capabilities into their business lines and operations. We are very pleased to work with them for the satisfaction of our Japanese customer. Developing and bringing new specialized products to this high quality market requires a lot of expertise, teamwork and confidence, all of which we found at Star. We are now gearing our France-Canada-Japan teams towards renewed opportunities in Japan."

About IRTS: (www.irts.fr)

IRTS is an expert in Ultra rugged display, representing more than 15000 products internationally. Its Value Added Reseller department is proud to represent innovative avionic displays, such as those from Star Navigation's MMI Division.

About Star Navigation: (www.star-navigation.com)

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. Some of the Star MMI Division's current customers include;

  • Lockheed Martin - USA
  • Raytheon - USA
  • BAE - UK
  • Jepico - Japan
  • IRTS - France

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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