Star Navigation Systems Group Ltd. (TSX VENTURE:SNA)("Star" or the "Company"),
is pleased to announce that it has entered into a Memorandum of Agreement
("MOA") with Esterline CMC Electronics Inc. ("CMC") of Montreal, Quebec. This
agreement was principally agreed at the NBAA 2010, and completed recently. 


With this MOA, Star and CMC have plans to cooperate in the establishment of an
integrated turn-key solution for Original Equipment Manufacturers ("OEM") based
on Star's STAR-ISMS(TM) In-Flight Safety Monitoring System software coupled with
CMC's PilotView(R) EFB System, applications and aircraft integration services.
CMC will then promote the resulting solution to OEM's and select customers
within the Air Transport and Business Jet Markets as part of its cockpit systems
offerings.


This agreement also provides for cooperation for a wider range of avionics
integration and avionics equipment solutions to meet the customers'
requirements.


Joel Chotte, Star's Vice President-Business Development noted that:

"This relationship presents us with the opportunity to support CMC's development
of an integrated system, which includes the STAR-ISMS(TM) software, and which
could increase flight safety in a number of different aviation applications,
including business jets and helicopters, as well as for special mission
situations in medical, fire fighting and military fields".


Viraf S. Kapadia, Star's Chief Executive Officer said: "We're very excited to be
working with CMC to extend the implementation of our STAR-ISMS(TM) technology.
Star sees this agreement with CMC as another step in our strategy to grow broad
aviation industry acceptance for our patented in-flight data-analysis,
monitoring and diagnostics system technology. This is a good example of our
systems flexibility and its ability to accommodate different platforms and it
may expand to the ground station capabilities that are being worked out with our
other partners."


About Star Navigation: (www.star-navigation.com)

Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its
proprietary, patented In-flight Safety Monitoring System, STAR-ISMS(TM), 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.


About Esterline CMC Electronics: (www.cmcelectronics.ca)

Esterline CMC Electronics has achieved an international reputation for
innovation and excellence in the design and manufacture of electronics products
for the commercial and military aviation markets. CMC's focus is on delivering
innovative cockpit systems integration and avionics solutions to its customers
worldwide. Its principal locations are in Montreal, Quebec; Ottawa, Ontario; and
Chicago, Illinois. CMC is a wholly owned subsidiary of Esterline Corporation
(NYSE:ESL)(www.esterline.com), a specialized aerospace and defence company
headquartered in Bellevue, Washington, that employs over 9,000 people worldwide.



Forward Looking Statements

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.


Please visit www.star-navigation.com

Mountain Lake Resources Inc. (TSXV:MOA)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Mountain Lake Resources Inc. Charts.
Mountain Lake Resources Inc. (TSXV:MOA)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Mountain Lake Resources Inc. Charts.