TSX Venture Exchange Symbol: SNA
TORONTO, Aug. 15 /CNW/ - Mr. Viraf Kapadia, C.E.O. of Star Navigation
Systems Group Ltd. ('Star"), a leading edge aviation technology company and
developer of the In-Flight Safety Monitoring System ("TERRASTAR(TM)"), is very
pleased to announce that the Patent Branch of the Canadian Intellectual
Property Office has granted a patent entitled "System and Method for
Transportation Vehicle Monitoring, Feedback and Control." TERRASTAR(TM) is the
first system in the world to feature in-flight data monitoring and diagnostics
with a real-time, secure connection between aircraft and ground, made possible
through current technology and satellite transmission. This proprietary
patented technology is designed to enhance aviation safety, facilitate the
reduction of maintenance costs, and provide the opportunity to dramatically
increase an airline operator's profits.
Star holds the exclusive worldwide license to use and commercially
exploit this particular patent, as well as similar patents previously issued
by the United States of America, the United Kingdom, Australia, and Hong Kong.
Mr. Kapadia stated: "This patent is important for Star because we are a
proud Canadian company. Also, it significantly enhances the protection of our
lead product, the In-flight Safety Monitoring System and the proprietary
technology behind it, as well as supports our expansion efforts with respect
to all applications on land, at sea and in the air. Star is actively
developing new applications for in-flight medical monitoring, environmental
monitoring and ground-based systems. Other applications for patent protection
are progressing around the World."
About Star Navigation: Star Navigation Systems Group Ltd.
(www.star-navigation.com) owns the 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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
For further information:
For further information: please visit www.star-navigation.com or
contact: Derek Sutherland, Inv. Relations, Sutherland_derek@yahoo.com, Tel.