
TORONTO, ONTARIO -- (Marketwire) -- 03/20/13 -- 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.
Contacts:
Star Navigation Systems Group Ltd.
Viraf S. Kapadia
CEO
(416) 252-2889
viraf.kapadia@star-navigation.com
www.star-navigation.com
Renmark Financial Communications Inc.
Bettina Filippone
(416) 644-2020 or (514) 939-3989
bfilippone@renmarkfinancial.com
Renmark Financial Communications Inc.
Maurice Dagenais
(416) 644-2020 or (514) 939-3989
mdagenais@renmarkfinancial.com
Renmark Financial Communications Inc.
Media - Guy Hurd
(416) 644-2020 or (514) 939-3989
ghurd@renmarkfinancial.com
www.renmarkfinancial.com
Most Popular Stories
- Facebook, Twitter Announce Apps for Google Glass
- European Car Sales up First Time in 20 Months
- Will Yahoo Splurge on $1-Billion acquisition of Tumblr?
- Exciting Night for UFC Fans
- Teen Drivers Should Be Prepared for Any Car-Related Situation
- RFD-TV launches on Charter Cable
- 'Star Trek Into Darkness': The Return of Khan?
- Google Fiber Making an Impact
- Entrepreneurs Chase Social Media
- Financial Times Twitter, Email Hacked
News-To-Go
Advertisement
Advertisement
News Column
Star Navigation Receives Approval for Midwest Airlines (Egypt) Installation
Mar 20 2013 12:00AM
Marketwire
Advertisement
Source: Marketwire
Story Tools



