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Star Navigation Corporate Update

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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) e FlightPath International (FPI) hanno fornito un aggiornamento sulle loro attività di vendita in Africa. I punti salienti includono:

- L'ISMS® di Star ha ricevuto un 97% di approvazione tecnica nella valutazione RFP di Ethiopian Airlines per un Sistema di Monitoraggio dei Dati di Volo.

- L'Alto Commissario del Canada in Nigeria sta supportando l'implementazione dell'SMS di Star con le compagnie aeree nigeriane.

- Sono programmati incontri con diverse compagnie aeree nigeriane, tra cui Air Peace, Air Contractors e IBOM Airlines.

- Star è stata invitata a presentare la propria tecnologia ISMS® al Dipartimento delle Operazioni di Supporto delle Nazioni Unite a New York nel primo trimestre del 2025.

- Star/FPI ha partecipato al summit Aviation Africa a Johannesburg e pianifica di partecipare a prossimi eventi del settore, tra cui l'AGM dell'AFRAA al Cairo e il Simposio Mondiale sui Dati dell'IATA a Dublino.

- Star continua a collaborare con l'Autorità per lo Sviluppo del Corridoio LAPSSET per possibili implementazioni tecnologiche.

Star Navigation Systems Group (CSE: SNA) y FlightPath International (FPI) han proporcionado una actualización sobre sus actividades de ventas en África. Los puntos destacados incluyen:

- El ISMS® de Star recibió una aprobación técnica del 97% en la evaluación de RFP de Ethiopian Airlines para un Sistema de Monitoreo de Datos de Vuelo.

- El Alto Comisionado de Canadá en Nigeria está apoyando la implementación del ISMS de Star con aerolíneas nigerianas.

- Se han programado reuniones con varias aerolíneas nigerianas, incluidas Air Peace, Air Contractors y IBOM Airlines.

- Star ha sido invitada a presentar su tecnología ISMS® al Departamento de Apoyo a Operaciones de las Naciones Unidas en Nueva York en el primer trimestre de 2025.

- Star/FPI asistió al summit Aviation Africa en Johannesburgo y planea participar en próximos eventos de la industria, incluyendo la AGM de AFRAA en El Cairo y el Simposio Mundial de Datos de IATA en Dublín.

- Star continúa colaborando con la Autoridad de Desarrollo del Corredor LAPSSET para posibles implementaciones tecnológicas.

스타 내비게이션 시스템 그룹 (CSE: SNA)와 플라이트패스 인터내셔널 (FPI)이 아프리카에서의 판매 활동에 대한 업데이트를 제공했습니다. 주요 내용은 다음과 같습니다:

- 스타의 ISMS®는 에티오피안 항공의 비행 데이터 모니터링 시스템 RFP 평가에서 97% 기술 승인을 받았습니다.

- 캐나다 대사가 나이지리아의 항공사들과 함께 스타 ISMS®의 구현을 지원하고 있습니다.

- Air Peace, Air Contractors 및 IBOM Airlines를 포함한 여러 나이지리아 항공사와의 회의가 예정되어 있습니다.

- 스타는 2025년 1분기에 뉴욕의 유엔 작전지원국에 ISMS® 기술을 발표하도록 초대받았습니다.

- 스타/FPI는 요하네스버그에서 열린 Aviation Africa 정상 회의에 참석했으며, 카이로에서의 AFRAA 총회 및 더블린에서의 IATA 세계 데이터 심포지엄을 포함한 향후 산업 행사에도 참여할 계획입니다.

- 스타는 잠재적인 기술 구현을 위해 LAPSSET 회랑 개발 당국과 계속 협력하고 있습니다.

Le Star Navigation Systems Group (CSE : SNA) et FlightPath International (FPI) ont fourni une mise à jour sur leurs activités de vente en Afrique. Les points clés incluent :

- L'ISMS® de Star a reçu une approbation technique de 97% dans l'évaluation RFP de Ethiopian Airlines pour un système de surveillance des données de vol.

- Le Haut-Commissaire du Canada au Nigéria soutient la mise en œuvre de l'ISMS de Star avec des compagnies aériennes nigérianes.

- Des réunions sont planifiées avec plusieurs compagnies aériennes nigérianes, y compris Air Peace, Air Contractors et IBOM Airlines.

- Star a été invitée à présenter sa technologie ISMS® au Département des opérations de soutien des Nations Unies à New York au premier trimestre 2025.

- Star/FPI a assisté au sommet Aviation Africa à Johannesburg et prévoit de participer à des événements industriels à venir, y compris l'AGM de l'AFRAA au Caire et le Symposium mondial sur les données de l'IATA à Dublin.

- Star continue de travailler avec l'Autorité de développement du Corridor LAPSSET pour une éventuelle mise en œuvre technologique.

Die Star Navigation Systems Group (CSE: SNA) und FlightPath International (FPI) haben ein Update zu ihren Verkaufsaktivitäten in Afrika gegeben. Die wichtigsten Punkte sind:

- Das ISMS® von Star erhielt eine 97% technische Genehmigung bei der RFP-Bewertung von Ethiopian Airlines für ein Flugdatenüberwachungssystem.

- Der Hochkommissar von Kanada in Nigeria unterstützt die Implementierung von Star-ISMS® mit nigerianischen Fluggesellschaften.

- Treffen sind mit mehreren nigerianischen Fluggesellschaften, einschließlich Air Peace, Air Contractors und IBOM Airlines, geplant.

- Star wurde eingeladen, seine ISMS® Technologie im ersten Quartal 2025 beim UN-Dienstleistungsabteilungs in New York City zu präsentieren.

- Star/FPI hat am Aviation Africa Summit in Johannesburg teilgenommen und plant, an bevorstehenden Branchenevents teilzunehmen, darunter die AFRAA-Jahreshauptversammlung in Kairo und das IATA-Welt-Daten-Symposium in Dublin.

- Star arbeitet weiterhin mit der LAPSSET Corridor Development Authority an potenziellen Technologieimplementierungen.

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 = 97% technical approval) in the Technical Evaluation of Ethiopian Airlines RFP for the procurement of Flight Data Monitoring System. Financial evaluation is currently still in review by Ethiopian Airlines.

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?

Star Navigation's ISMS® received a 97% technical approval score (68 out of 70) in Ethiopian Airlines' RFP evaluation for a Flight Data Monitoring System.

Which African airlines is Star Navigation (SNAVF) meeting with in Nigeria?

Star Navigation is scheduled to meet with Air Peace Airlines, Air Contractors, and IBOM Airlines in Nigeria to discuss potential implementation of their ISMS® technology.

When is Star Navigation (SNAVF) presenting its technology to the United Nations?

Star Navigation has been invited to present its ISMS® Technology to the United Nations Department of Operations Support in New York City during the first quarter of 2025, with an expected date in January 2025.

What upcoming aviation industry events will Star Navigation (SNAVF) attend in 2024-2025?

Star Navigation plans to attend the AFRAA AGM in Cairo, Egypt (November 17-19, 2024) and the IATA World Data Symposium in Dublin, Ireland (February 26-27, 2025).

STAR NAVIGATION SY GP LTD

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