Le Lézard
Classified in: Business
Subjects: BUSINESS CONTRACTS, MISCELLANEOUS

AlMasria Universal Airlines Adds Two More Star Navigation STAR-A.D.S. ® Systems to Fleet


TORONTO, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE: SNA) (OTCQB: SNAVF) ("Star" or the "Company") is pleased to announce that AlMasria Universal Airlines ("AlMasria") of Egypt has decided to proceed with the installation of two additional STAR-A.D.S. ® Systems on recently acquired aircraft.

In late 2018, AlMasria entered into an agreement with Star to equip their target fleet of 5 aircraft with the STAR-A.D.S. ® System. The first installation has met all expectations successfully and Star is pleased to report that AlMasria is exercising a provision of the original agreement to install the System on the next two aircraft.

The STAR-A.D.S. ® System will help AlMasria achieve important operational cost efficiencies, pursue its growth plans and to immediately meet the recommendations of the International Civil Aviation Organization ("ICAO") concerning the Global Aeronautical Distress and Safety System ("GADSS"), in particular dealing with the obligation to provide autonomous location and tracking of aircraft in distress at least once every minute.

The STAR-A.D.S. ® System already exceeds compliance with all of the ICAO GADSS recommendations and evolutions. (See Star Press release of June 11, 2018 for expanded discussion and details).

Viraf Kapadia, CEO of Star Navigation Systems said:

"We are gratified by this decision from AlMasria, as it is testimony to the good cooperation and working relationship that has developed between our two companies. Their two additional B737-400's will be equipped with our system in the months to come.  Star is eager to accompany AlMasria on its road to expansion, providing them with competitive tools and services they need."

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. ® and of the STAR-ISAMMtm Systems. 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.

Stars' M.M.I. Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide. These displays are found on aircraft and simulators, from C-130 aircraft, to Sikorsky and Agusta Westland helicopters, as examples.

Stars' subsidiary, Star-Isoneo Inc. is a specialised software firm, developing complex solutions in engineering, simulation and development for Canadian customers. Star-Isoneo works closely with Star in the development of the Company's MEDEVAC (STAR-ISAMMtm and STAR- LSAMMtm) applications of the patented STAR-A.D.S. ® technology, and on its current R&D program with Bombardier.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will", "expected" 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 the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

Please visit www.star-navigation.com or

Viraf S. Kapadia, CEO (416) 252-2889 Ext. 230

[email protected]


These press releases may also interest you

at 02:40
Highlights Underlying sales growth excluding OPM1 and Strategic Review2 of 3%. Strong operational progress in all divisions and continued execution momentum across our 2024 strategic priorities. Continuing to infuse our products with AI and...

at 02:29
Strong sales, all-time high earnings, and growing market shares due to the successful roll-out of Scania Super.?            Scania Group net sales grew by 20 percent to SEK 55.1 billion (45.8)Adjusted operating income reached SEK 8.0 billion (6.2)...

at 02:25
Kyocera Corporation (TOKYO:6971) today announced its consolidated financial results for the fiscal year ended March 31, 2024 ("fiscal year 2024" or the "period"), as summarized below. Complete details are available at:...

at 02:16
Highlights of the first quarter of 2024 Net sales amounted to SEK 31,077m (32,734). Organic sales decreased by 3.7% mainly driven by negative price. Weaker market demand resulted in lower volumes for the Group except in Latin America where increased...

at 02:16
First quarter 2024 3 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)Net sales increased by 1 per cent to 1,299.9 MEUR (1,286.6)Net sales including the reduction of acquired deferred revenue amounted to...

at 02:15
Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for fiscal 2024 (April 1, 2023 - March 31, 2024). The full document on Mitsubishi Electric's financial results can be viewed at the following link:...



News published on and distributed by: