Star Navigation Announces Reorganization
25 Julho 2013 - 6:00PM
Marketwired Canada
Star Navigation Systems Group Ltd. (TSX VENTURE:SNA) ("Star" or the "Company"),
announces a reorganization of its management function.
While Research and Development will continue to be an important part of Star's
business, as the Company transitions from being primarily a research and
development company into the full commercialization of its STAR-ISMS(R)
In-Flight Safety Monitoring System, the Company's' main focus has shifted to
sales, marketing and customer support.
As a result of the reorganization, the duties and responsibilities of the Chief
Operating Officer ("COO") have been reallocated internally. Mr. John Thorburn,
P. Eng., formerly COO, is no longer with the Company.
About Star Navigation:
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive
worldwide license to its proprietary, patented In-flight Safety Monitoring
System, 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.
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. Star does not assume any obligation to update
these forward-looking statements, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of the content of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Star Navigation Systems Group Ltd.
Viraf Kapadia
CEO
416 252-2889
viraf.kapadia@star-navigation.com
www.star-navigation.com
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