Brampton, Ontario--(Newsfile Corp. - March 9, 2023) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has signed a reseller agreement with APS Aerospace Corp. ("APS") based out of Ottawa, Canada.
Star's reseller agreement with APS will provide a complete end-to-end ecosystem of in-flight and post-flight analysis by leveraging APS's 'Flight Data Analysis Suite' such as:
- The lumina|FDA which takes advantage of the latest innovations in web technologies and offers advanced Flight Data Analysis.
- The lumina|2D which is an engineering analysis tool, that offers an excellent tool for annual maintenance readouts and deep dive investigations.
- The lumina|3D which offers a powerful, flexible and highly customizable flight animation solution.
Star prides itself on being the worlds' first Inflight Safety Monitoring System ("STAR-ISMS") which captures, analyzes and transmits flight data in real time from an airborne aircraft. Star has an advanced computer system which has the capability to continuously analyze flight data at the network edge, from onboard computer systems using its proprietary algorithms and software to detect anomalies and exceedances, with the ability to automatically transmit key flight parameters from an airborne aircraft using Iridium satellites and transmit entire black box data, post-flight using cellular GSM.
Anoop Brar, Interim-CEO says, "This strategic relationship will allow Star to provide a complete ecosystem of post-flight data analytics offerings such as Flight Data Analysis (FDA), Flight Operations Quality Assurance (FOQA), 3D replays, Post Flight Events, Safety Event Analysis, etc. We are excited about the opportunity to partner with APS bringing comprehensive aviation solutions to market that are being used by many operators, including Tier 1 and Tier 2 Airlines."
Michael Krebs, VP Sales, APS says, "We are pleased to have formed this relationship with a Canadian technology company that is passionate for innovation and looking to further enhance their Inflight Safety Monitoring system (STAR-ISMS) offerings. The aviation industry can benefit tremendously from continuous inflight analysis to enhance safety and optimize operations. We look forward to working with Star to bring these solutions to the market."
About Star Navigation Systems -
Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS, the heart of the STAR-A.D.S. System. The STAR-A.D.S. System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI Division (Military and Defence) designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
About APS Aerospace Corporation -
APS is an experienced hands-on subject-matter-expert in flight data analysis technologies for accident investigation, accident prevention, operational efficiency and meeting Digital Flight Data Recorder annual regulatory requirements.
Forward-Looking Information
Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future.
When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.
Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.
Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.
Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.
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.
Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Please visit or contact
Randy Koroll, Chief Financial Officer at 1-416-252-2889 x228
randy.koroll@star-navigation.com
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