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Mon, March 26, 2012

Star Navigation Receives Transport Canada STC for Boeing 737-800


Published on 2012-03-26 04:16:35 - Market Wire
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March 26, 2012 07:11 ET

Star Navigation Receives Transport Canada STC for Boeing 737-800

TORONTO, ONTARIO--(Marketwire - March 26, 2012) - Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"), is very pleased to announce that Transport Canada has granted it a Supplemental Type Certificate ("STC") with respect to the installation of its STAR-ISMS® system on the Boeing 737-800 aircraft.

This is the first STC granted for the recently completed Second Generation ("G2") STAR-ISMS® system, and is a significant milestone in the commercial evolution of the G2. The G2 offers enhanced functionality, and is smaller, lighter and more cost effective to the user than the original system.

The Boeing 737 series is the bestselling jet airliner in history. 737-800's are operated by Quantas, KLM Royal Dutch Airlines, American Airlines and United Airlines, amongst many others.

Viraf S. Kapadia, Chairman and CEO of Star said,

"We are very pleased to receive this STC for the 737-800. To us at Star, it is a significant event with respect to both the ongoing refinement of the STAR-ISMS® system and the new G2, as well as our Company's progress towards full commercialization."

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, 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.

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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