Star Navigation Opens New Montreal Office
TORONTO, March 04, 2019 (GLOBE NEWSWIRE) -- Star Navigation Systems
Group Ltd. (CSE: SNA) (CSE:SNA.CN) (OTCQB: SNAVF) ("Star” or the
“Company”) is pleased to announce that effective February 15, 2019, the
Company opened its new Montreal Corporate Office in the Technoparc.
Located in the Saint-Laurent Borough in Montreal, and adjacent to Montreal International Airport, Star and its new subsidiary, Star-Isoneo Inc. join about 100 other companies, from multinationals to SMEs, all specialized in research, development and related services.
These companies operate in high-tech sectors such as aerospace, life sciences and pharmaceuticals, ICT and various technologies. Major names in the aerospace industry are at the Technoparc such as Bombardier, Thales, AJW Technique and many others. From the initial plan of commercial aircraft to integrated flight safety systems, a large number of aeronautical research and development projects in Montreal began at the Technoparc.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/085df8aa-ef61-4596-a5c3-1675221251ea
These new premises will allow Star to more effectively interact and support its existing R&D projects with its Aerospace partners while at the same time providing a stimulating environment for the software development activities of Star-Isoneo Inc.
This Press Release is available on the Company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders. https://agoracom.com/ir/StarNavigationSystems/forums/discussion
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. ® System. 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.
Star's 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 P-3 Orion and C-130 aircraft, to Sikorsky and AgustaWestland helicopters, as examples.
Star’s 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-ISAMM™ and STAR- LSAMM™) 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
