NEWS: Star Navigation M.M.I. Division Update TORONTO, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA) (CSE:SNA.CN) (OTCQB:SNAVF) ("Star” or the “Company”) is pleased to announce its first orders of the New Year for its’ STAR Man Machine Interface Division (“STAR- M.M.I. ™”).
STAR- M.M.I. ™ has received a new batch of repair orders from Lockheed Martin under the recently implemented agreement for refurbishment and maintenance. The agreement covers activities up to the year 2021. (See Press Release April 20, 2017). In addition, the Company has recently received repair and refurbishment orders from CAE (CAE Middle East LLC) and Blue Aerospace. CAE is a global leader in modelling, simulation and training for civil aviation and defence. Blue Aerospace, headquartered in Florida, is an international company active in military and defence sectors, with an outreach to 30 countries around the world. The estimated total repair business under these early 2018 orders is approximately U.S. $85,000. (CDN $105,000).
Mr. Jean-Louis Larmor, Star’s COO said:
“2018 starts on a very positive note for our STAR-M.M.I. ™ Division. We are now working under a three-year contract for flat screen display refurbishing with one major customer and are attracting additional maintenance business from other well-established customers. Star now plans to pursue the new display and man-machine interface market for retrofits on fixed wing and rotary wing aircraft. Our credentials and experience in customized LCD displays and control units have put us in a unique position to rapidly and efficiently answer the very specific needs of this market segment.”