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Star Navigation Systems Group Ltd. (SNAVF) delivers cutting-edge aviation safety solutions through its advanced monitoring systems and flight deck technologies. This dedicated news hub provides investors and industry professionals with essential updates on the company's innovations in AI-powered flight safety, strategic global partnerships, and defense sector advancements.
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Star Navigation Systems Group (CSE: SNA) and FlightPath International (FPI) have provided an update on their sales activities in Africa. Key highlights include:
- Star's ISMS® received a 97% technical approval in Ethiopian Airlines' RFP evaluation for a Flight Data Monitoring System.
- The High Commissioner of Canada to Nigeria is supporting the implementation of Star-ISMS® with Nigerian airlines.
- Meetings are scheduled with several Nigerian airlines, including Air Peace, Air Contractors, and IBOM Airlines.
- Star has been invited to present its ISMS® Technology to the United Nations Department of Operations Support in New York City in Q1 2025.
- Star/FPI attended the Aviation Africa summit in Johannesburg and plans to participate in upcoming industry events, including the AFRAA AGM in Cairo and the IATA World Data Symposium in Dublin.
- Star continues to work with the LAPSSET Corridor Development Authority for potential technology implementation.
Star Navigation Systems Group (CSE: SNA) has announced a Joint Venture agreement with ProAce Business Solutions Inc. to create Star ProAce India Private . Star will initially hold 10% of the new JV company, with an option to increase to 28%. ProAce will handle expenses for obtaining necessary permissions and contracts to implement Star's ISMS technology in India. The agreement includes anti-dilutive clauses to protect Star's equity.
ProAce's experience in navigating government contracts and projects is expected to provide Star with access to these opportunities. The JV will focus on a 'Built in India' approach, setting up a permanent office and building Star ISMS units locally. This strategy is aimed at facilitating approvals and market entry in India.
Star Navigation Systems Group, symbol SNAVF, has issued a corporate update highlighting several key sales activities in Africa. Captain Jonathan Kordich attended a Safety Conference in Ethiopia, leading to an invitation from the Ethiopian Aviation Group to participate in a tender for Ethiopian Airlines' Flight Data Monitoring procurement. The tender submission is due by June 26, 2024. Additionally, Star and FlightPath International have been invited to submit a high-level proposal in Ghana by the end of June, involving a job creation plan and technology center. They are also involved in a United Nations request for information on aircraft global tracking and flight data monitoring. Furthermore, strategic communications with Astral Aviation may lead to the installation of STAR-ISMS® on Astral's B767 aircraft in Nairobi, Kenya. Additional joint ventures and initiatives will be detailed in a corporate update expected by the end of July.
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