Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd.

August 12, 2014 07:11 ET

Star Navigation's MMI Division Sees Increases in Orders from Major Aerospace Companies

TORONTO, ONTARIO--(Marketwired - Aug. 12, 2014) - 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-MMI") has received additional orders for upgrades of displays from both from a major Fortune 100 Aerospace Company, and from another overseas customer.

The total business value of these increasing activities more than doubles the $200,000 value of the orders for defense activities announced in June 2014, to over USD 430,000 in the first four months.

In addition, the short term prospects for the sale of new displays and other STAR-MMI products are improving rapidly.

The STAR-MMI Division was set up in April, 2014, following the Company's purchase of the assets of Luxell Quebec Technologies Inc. (See press Release April 1, 2014). The four month period following the purchase has seen the integration of the new MMI activities with those of Star. It has allowed Star to more effectively control its supply chain, enhance its program and engineering capabilities, and add to its overall portfolio of products, all of which add to its revenue stream.

Mr. Jean-Louis Larmor, Vice President, Corporate Development of Star stated:

"We are particularly gratified by the swift integration of the Luxell assets and activities, and by the increased capabilities of our Company. The added resources have already helped us to accelerate our main business activities directed towards commercial airlines and operators, thus adding to our ability to offer leading edge solutions to our customers. In addition, STAR-MMI is bringing us valuable exposure to several system integrators, increased familiarization with the military segments, while contributing to an increase in our revenue generation."

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.

Contact Information