April 18, 2024

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Star Navigation and FlightPath Announce Integrated Sales, Marketing and Training Agreement

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Brampton, Ontario–(Newsfile Corp. – March 14, 2022) – Star Navigation Techniques Team Ltd. (CSE: SNA) (“Star” or the “Enterprise”) is happy to announce that it has signed an Built-in Revenue, Marketing and Schooling arrangement with FlightPath International (“FPI”) for the reasons of enhancing worldwide model recognition, collaboratively major gross sales initiatives as perfectly as training upcoming prospects on leveraging highest business insights from the Star A.D.S ® merchandise and information expert services.

This agreement is an extension of the initial signed settlement in between Star and FPI on January 19th, 2022.

Over the earlier number of months, FPI has showcased the worth of being a trustworthy highly regarded leader in the aviation industry by offering the highest normal of Initial Tools Manufacturer (“OEM”) training, and purchaser support for above 18 yrs. Star appears to be like to leverage FPI’s associations with its shoppers and gain from this new built-in partnership by:

– Accessing about 160 new FPI customers, MRO and OEM interactions that will gain from Star’s Flight Sciences Expert services and Technologies

– Presenting Star A.D.S ® methods to new prospective prospects and current FPI prospects in Autonomous Plane Monitoring, Aircraft in Distress tracking together with backward and forward DFDR recordings, Flight Operations Effectiveness, Predictive Routine maintenance and Safety Protocols

– Furnishing a market place all set resolution to current FPI airline consumers to employ the obligatory Global Civil Aviation Organization’s (“ICAO”) World Aeronautical Distress Basic safety System system (“GADSS”) before the January 2023 deadline

“This is an vital move for Star as we launch our new Star A.D.S ® Sales & Marketing, Consumer Assistance and Instruction Products and services,” states Amir Bhatti, CEO at Star. “With FPI’s successful monitor file in Airline schooling and its world wide footprint with workplaces in 8 nations around the earth, Star now has the means to practice new and possible buyers in finest techniques of education criteria. The FPI Partnership allows us open up quite a few new doors to showcase and provide our goods as the international airline field starts off to get well from the COVID-19 pandemic. Airways need our systems to guarantee compliance with ICAO flight tracking prerequisites by January 2023 and to improve plane efficiency. With these gross sales initiatives coming in the type of taking care of Star’s personal street demonstrates in numerous locations of the earth which will aid acquire product sales for Star on an accelerated timeline as effectively improving model consciousness”.

“Star and FPI have occur collectively, and we can now offer a exceptional company that will carry running prices down for airlines, as very well as establish an even increased normal of protection to our customer’s operations,” suggests Andrew Lucas, CEO at FPI. “In addition to the High-quality Training that our shoppers have come to know with FPI, the addition of Star’s products and solutions and services adds new dimensions for Flight Subsequent, Technical Readiness, Environmental Optimization, reduced “Unforeseen” Aircraft on Floor downtime, Enhanced Effectiveness and Standardization and Security in Flight Functions. These attributes provide serious and sizeable cost personal savings as properly as environmental positive aspects.”

Star is compensating FPI for its strategic, built-in and accelerated alliance in income initiatives/coaching and flight protection workshops in untapped markets by way of the issuance of two million Firm Inventory Choices which will vest similarly at $.05 cents and $.08 cents and CAD$99,000. These funds will be used in establishing a strong infrastructure with connected methods to aid these initiatives. The joint attempts will guide both of those corporations to showcase their respective items with greater believability on impending trips that will bear expenses affiliated in the similar selection of expenditures.

About Star Navigation:

Star Navigation Units Group Ltd. manufactures the In-flight Safety Monitoring Process, STAR-ISMS®, the coronary heart of the STAR-A.D.S.® Program. The STAR-A.D.S.® System has true-time capability of tracking, general performance developments and predicting incident-occurrences which improves aviation protection and enhances fleet management while reducing costs for the operator. Star’s MMI Division styles and manufactures large efficiency, mission crucial, flight deck flat panel displays for defence and commercial aviation industries worldwide.

About FlightPath Intercontinental:

Launched in 2003, FlightPath Intercontinental, a Canadian based mostly business, is a leading supplier of Teaching and Operational Help products and services for the professional airline marketplace throughout the world. FlightPath gives Complex, Pilot, Multi-Crew Pilot Licensing, Cabin and Dispatcher coaching, with aircraft forms that include Airbus, Boeing, Bombardier, De Havilland, and Embraer serving around 160 Operators in in excess of 60 Nations around the world.

Ahead Wanting Data

Certain statements in this information release may well represent “forward-looking statements”. Forward-hunting statements are statements that address or go over functions, situations or developments that Star expects or anticipates might arise in the potential. When applied in this information release, words these as “estimates”, “expects”, “designs”, “anticipates”, “assignments”, “will”, “believes”, “intends” “really should”, “could”, “could” and other very similar terminology are supposed to establish these forward-on the lookout statements.

Ahead-looking statements replicate the present-day anticipations and beliefs of Star’s administration. Since forward-wanting statements include recognized and unfamiliar dangers, uncertainties and other aspects, real final results, overall performance or achievements of Star or the field could be materially unique from those people implied by this kind of ahead-looking statements. Illustrations of such ahead-hunting information and facts that may well be contained in this news launch involve statements with regards to: growth and potential potential clients of our business our perceptions of the field and markets in which we run and anticipated trends in these markets expectations concerning the procedure of our application and our future revenues.

Material variables or assumptions that had been applied in drawing a summary or creating an estimate established out in the forward-on the lookout statements might incorporate, but are not confined to, our capability to execute on our business plan, improve visibility among buyers and convert customers to income generating subscribers and the success of the business of our companions.

Ahead-on the lookout statements entail important uncertainties, should really not be study as a assurance of foreseeable future functionality or final results, and will not essentially be an accurate sign of regardless of whether or not such outcomes will be accomplished.

A selection of elements could result in precise effects to vary materially from the success talked about in the forward-seeking statements, like, without limitation: people relating to prospective disruptions to solution shipping failure to meet up with regulatory prerequisites modifications in the marketplace opportunity downturns in financial disorders availability of funding (as vital) and other danger variables described in our Submitting Statement which is available on SEDAR at www.sedar.com. These challenges, as well as others, could cause genuine results and events to range considerably. Appropriately, viewers must work out warning in relying on forward-wanting statements and Star undertakes no obligation to publicly revise them to reflect subsequent situations or circumstances, apart from as necessary by regulation.

The threats posed by the COVID-19 pandemic are genuine and considerable but simply cannot be outlined or measured in any meaningful way at this time. Numerous other factors could induce Star’s genuine efficiency or achievements to fluctuate from all those explained herein. Really should one particular or additional of these factors or uncertainties materialize, or really should assumptions fundamental ahead-searching statements prove incorrect, genuine effects may vary materially from individuals explained herein as meant, planned, expected, believed, believed or envisioned.

NEITHER CANADIAN SECURITIES Trade NOR ITS REGULATION Solutions Company (AS THAT Term IS Defined IN THE Policies OF THE CANADIAN SECURITIES Trade) ACCEPTS Obligation FOR THE ADEQUACY OR Precision OF THIS Release.

Be sure to stop by www.star-navigation.com or speak to

Mr. Amir Bhatti, CEO at 1-416-252-2889 #230 or [email protected]

To watch the source version of this press launch, make sure you check out https://www.newsfilecorp.com/release/116700

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