STAR and ANTAZ team to Respond to Indian Government Military procurement requirements
23 Septiembre 2019 - 6:11AM
Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (OTCQB:
SNAVF) ("Star” or the “Company”) announces that the Company has
entered into a partnership and industrial agreement with ANTAZ
Technologies Pvt. Ltd, (“Antaz”). A well-established Indian company
with facilities in Hyderabad, Bangalore and Delhi, India, Antaz
will adapt, integrate and market STAR products to the Indian
Defence Forces (Air Force and Navy) in collaboration with Hindustan
Aeronautics Limited (“HAL”) (hal-india.co.in).
STAR is already listed as a registered supplier to
HAL for military equipment. Recently, a STAR team met with senior
officers from both the Indian Air Force and Navy, as well as with
HAL top management. The team successfully demonstrated the benefits
and features of STAR-A.D.S.® for both fixed wing and rotary
aircraft. Of particular interest was the ability of Star’s
technology to provide real-time tracking and positioning of
aircraft as well as engine status reports.
To complete the approach, STAR, through the Antaz
presence and already established military business, will comply
with the MAKE IN INDIA requirements of the Indian Government.
In cooperation with HAL and Antaz, a customised and
proprietary solution based on STAR’s patented STAR-ISMS ®
technology is under final development in order to satisfy the
specific defence requirements of the Indian Military.
The solution will address the needs of the
transport fleets of both the Navy and of the Air Force, with a
first application targeting small transport aircraft and
helicopters.
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.
® and of the STAR-ISAMM™ Systems. 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.
Stars’ M.M.I. Division designs and manufactures
high performance, mission critical, flight deck flat panel displays
for defence and commercial aviation industries worldwide. These
displays are found on aircraft and simulators, from C-130 aircraft
to Sikorsky and Agusta Westland helicopters, as examples.
Stars’ subsidiary, Star-Isoneo Inc. is a
specialised software firm, developing complex solutions in
engineering, simulation and development for Canadian customers.
Star-Isoneo works closely with Star in the development of the
Company’s MEDEVAC (STAR-ISAMM™ and STAR-LSAMM™) applications of the
patented STAR-A.D.S. ® technology, and on its current R&D
program with Bombardier.
About HAL
Hindustan Aeronautics Limited is an Indian
state-owned aerospace and defence company headquartered in
Bangalore, India. It is governed under the management of the Indian
Ministry of Defence.
The government-owned corporation is primarily
involved in aerospace operations and is currently involved in the
design, fabrication and assembly of aircraft, jet engines,
helicopters and their spare parts. It has several facilities spread
across India including Nasik, Korwa, Kanpur, Koraput, Lucknow,
Bangalore, Hyderabad and Kasaragod.
About ANTAZ
ANTAZ Technologies Pvt Ltd. is an experienced
company in the field of developing, producing and fielding critical
electronic and communications equipment to meet the needs of the
Indian Defense. ANTAZ successfully conducted projects in the
fields of Special consoles and Man Machine interfaces for the Navy,
optronics and radars for the Army and the Navy, and with other
local partners for high-end communications and electronics for
military applications.
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 contact
Viraf S. Kapadia, CEO (416) 252-2889 Ext. 230
Viraf.kapadia@star-navigation.com
Star Navigation Systems (CSE:SNA)
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