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SNA Snap on Inc

267.02
-1.85 (-0.69%)
05 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Snap on Inc NYSE:SNA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.85 -0.69% 267.02 268.34 265.58 267.16 217,907 01:00:00

Star Navigation Announces STAR V-trk™ Shipments

04/12/2017 12:15pm

GlobeNewswire Inc.


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Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) ("Star" or the "Company"), is pleased to announce the shipment of two units of the STAR V-trk™ to its customer and  V-trk distributor in China, Tianjin Zhonglian Tiantong Space Technology Co. Ltd., ("ZLT"). (See Press release May 11, 2017).

ZLT will be in charge of product distribution and associated services in China, addressing the requirements of local operators, from general aviation to regional aircraft and helicopters. STAR is promoting the STAR V-trk™ in the rest of the world.

The STAR V-trk™ performs tracking and positioning through satcom, and can provide on-board data collection, processing and downloading.

With services accessible through a web-based portal, it will provide quick and improved situational awareness.

 It’s highly reduced form-factor makes it ideal for simple installation on-board a large variety of aerospace assets where real estate and weight are critical.

The STAR V-trk™ specifically targets small and medium-sized aircraft as well as the helicopter market segment. Future developments also include rapid applications to ground vehicles.

The STAR V-trk™ is intended to be offered in several versions, offering the customers flexibility in configuration and scalability to meet the operator’s diverse needs.

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 MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.

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

Jean-Louis Larmor, (416) 252-2889 Ext. 221

Jean-louis.larmor@star-navigation.com

Gold Feather Marketing Group Attn.: Anahadjeet Garewal     (647) 409-3434

info@goldfeathermarketing.com

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