Star Navigation Corporate Update
Rhea-AI Summary
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.
Positive
- Star's ISMS® received 97% technical approval in Ethiopian Airlines' RFP evaluation
- High-level support from Canadian High Commissioner for implementation in Nigerian airlines
- Scheduled meetings with multiple Nigerian airlines, including Air Peace (30 aircraft fleet)
- Invitation to present technology to United Nations Department of Operations Support
- Participation in major aviation industry events for increased exposure
Negative
- Ethiopian Airlines' financial evaluation of Star's ISMS® still pending
- LAPSSET Corridor Development Authority still securing funding for Star's technology implementation
Brampton, Ontario--(Newsfile Corp. - October 21, 2024) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") and FlightPath International ("FPI") announce an update on Sales activities in Africa.
The Star Navigation ISMS® received very high score (a 68 out of 70 evaluation score =
The High Commissioner of Canada to Nigeria, has provided tangible support and liaison with the Minister of Aviation and AeroSpace of Nigeria for the implementation of the Star-ISMS® with Nigerian Airline Operations. FPI is expecting further Governmental meetings in Nigeria toward the latter part of October and into November 2024.
Additionally, FPI and Star have been invited to meet the Director of Safety for Air Peace Airlines in Lagos. Air Peace operates a modern fleet of 30 aircraft, including Boeing 737s, 777s, Embraer 145s, 195s, and several Airbus 320s. Other notable airline meetings scheduled include the CEO of Air Contractors and the Director of Flight Operations IBOM Airlines, Lagos.
The United Nations Department of Operations Support New York City, New York, has invited Star to present the ISMS® Technology in NYC during the first quarter of 2025. Firm date expectancy is in January 2025.
Star/FPI attended the Aviation Africa summit, held in Johannesburg, South Africa, during 16-17 September 2024. It was the first introduction of the Star-ISMS® to the southern part of the Continent to various Government officials along with Airline Operators in that region. Follow up visitation and meetings are expected in 2025Q1.
FPI is scheduled to attend the AFRAA AGM 17-19 November to be held in Cairo, Egypt.
FlightPath has been invited by IATA (International Airlines Transportation Association), to attend the World Data Symposium to be held 26-27 February 2025, in Dublin, Ireland.
Star continues to work with the LAPSSET Corridor Development Authority ("LCDA") for the purchase of Star's tracking and monitoring technology. The LCDA is still actively securing funding for the project and continues to have significant interest in Star's technology for the project.
About Star Navigation Systems - www.star-navigation.com
Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. The STAR-A.D.S.® System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI Division (Military and Defence) designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
Forward Looking Information
Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future.
When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.
Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.
Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.
Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.
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.
Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Please visit www.star-navigation.com or contact
Randy Koroll, Chief Executive Officer at 1-416-252-2889 x228
randy.koroll@star-navigation.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227261
FAQ
What was the technical approval score for Star Navigation's ISMS® in Ethiopian Airlines' RFP evaluation?
Which African airlines is Star Navigation (SNAVF) meeting with in Nigeria?
When is Star Navigation (SNAVF) presenting its technology to the United Nations?
What upcoming aviation industry events will Star Navigation (SNAVF) attend in 2024-2025?
