TORONTO, April 7 /CNW/ - Star Navigation Systems Group Ltd. (TSX-V: SNA)
("STAR" or the "Company"), a leading edge technology company focused on
providing Aerospace Solutions to aviation operators worldwide, is pleased to
announce the signing of an important Memorandum of Understanding ("MOU") with
AVIC I Shanghai Aero Measurement-Controlling Research Institute ("SAMRI"), of
Shanghai, China. (SAMRI is an Enterprise of AVIC-China Aviation Industry
Further to the Shanghai Aero Measurement-controlling Research Institute
Collaborative Framework Agreement ("CFA") that was signed between STAR and
SAMRI (press release November 12, 2008), this MOU demonstrates a further
commitment to a collaboration that will see STAR and SAMRI work jointly to
develop a solution for the Commercial Aircraft Corporation of China, Ltd.
("COMAC") and facilitate a formal agreement to include Star's In-Flight Safety
Monitoring System ("ISMS(TM)") technology (known as "TERRASTAR:Real Time
Monitoring(TM)") as standard equipment for the new COMAC919 aircraft.
As part of a technical exchange, a team of STAR engineers recently
traveled to Shanghai to work with SAMRI. Star and SAMRI jointly presented a
simulation of the TERRASTAR: Real Time Monitoring(TM) system to the engineers
from COMAC (Shanghai Aircraft Research Institute Division) and also presented
a second simulation to representatives of COMAC Shanghai Aircraft Customer
Service Co. Ltd.
Both simulations received favourable response.
Dale F. Sparks, Star's Chief Technology Officer stated: "Our relationship
with SAMRI is an important collaboration. The expertise, vision and experience
of both companies are synergistic and complimentary and together, we are
better positioned for the COMAC919 project. The success of the two simulations
was the direct result of significant contributions from both STAR and SAMRI.
STAR would like to thank SAMRI for their efforts and support and we look
forward to developing an even closer relationship in the future."
The STAR and SAMRI collaboration is one of the first joint
foreign/domestic partnerships on the COMAC919 program and this MOU will be
used as the basis for supplying Star's In-Flight Safety Monitoring System
technology to the COMAC919, as standard equipment.
Viraf Kapadia, Chairman & CEO of Star said, "We look forward to supplying
and integrating Star's licensed, patented technology in collaboration and
cooperation with SAMRI and its associated companies. This agreement is in
keeping with our philosophy of building firm foundations to make long-term
relationships stronger. Star continues in its commitment to ensure that its
technology is universally recognized and protected."
STAR and SAMRI have also agreed to assemble a joint technical team to
enhance the technical management of their cooperation and standardize the
technical policies and procedures, in support of COMAC programs.
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.
This press release is available on the company's official on-line
investor relations site for investor commentary, feedback and questions.
Investors are asked to visit: http://www.agoracom.com/ir/StarNavigation and
view the Star Navigation IR HUB. Alternatively, investors are asked to e-mail
all questions and correspondence to SNA@Agoracom.com or contact
www.star-navigation.com or Viraf Kapadia, CEO, (416) 252-2889 or
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For further information: investors are asked to e-mail all questions and
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