TSX Venture Exchange Symbol: SNA
TORONTO, Oct. 23 /CNW/ - Star Navigation Systems Group Ltd. (TSX: SNA-V)
("Star Navigation") today announced that the Government of India has granted a
key patent, strengthening the Company's position in one of the world's largest
aviation markets, and further protecting the Company's proprietary technology.
Mr. Viraf Kapadia, Chief Executive Officer of Star Navigation said, "This
is our sixth patent award, and is a major milestone for the Company. Star's
technology has been awarded patents in the United States, Canada, the United
Kingdom, Hong Kong, Australia, and India. This latest patent solidifies our
position in the world's largest growing aviation marketplaces. Star Navigation
is a pioneer in the industry, and we will continue to protect our intellectual
property aggressively against any infringement of our technology, as evidenced
by our recent actions in the United States."
"The Indian patent is a significant achievement. According to industry
estimates, the Indian aviation market is growing at a record pace of 20% per
year. The Indian aviation industry is also expected to spend more than
$86 billion over the next two decades. This patent grant ensures that Star
Navigation will be in a position to play a significant role in that growth,"
said Mr. Dale F. Sparks, Chief Technology Officer of Star Navigation.
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, 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
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: www.star-navigation.com or contact: Derek
Sutherland, Inv. Relations, Sutherland_derek@yahoo.com, Tel. (416) 907-6287