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Star Navigation Systems Group Ltd C.SNA

Alternate Symbol(s):  SNAVF

Star Navigation Systems Group Ltd. is a technology company. The Company focuses on providing aerospace and transportation data services solutions along with hardware and software platforms that assist aviation and other transport related operators worldwide. It manufactures the In-flight Safety Monitoring System (STAR-ISMS), an aircraft computer that is at the heart of the Star Airborne Data System (STAR-A.D.S.). 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 MMIDivision (Military and Defence) designs and manufactures high performance, mission-critical, flight deck flat panel displays for defense and commercial aviation industries worldwide. The STAR-V-TRK system is its small-scale tracking and monitoring system that can be installed on smaller vehicles such as boats, marine, trains, trucks, and others.


CSE:SNA - Post by User

Post by TonyMontana3on Jul 07, 2021 3:55pm
347 Views
Post# 33506701

Annual General Meeting

Annual General MeetingGreat positive AGM by Star.

Some Highlights that I am able to recall:
- Filed all 2019 and 2020 Financial Audits
- Application for lifting CTO in progress with the OSC
- Bankruptcy Proposal accepted and Star has won
- Star eliminated $3.3M in debt
- Received AS9100 Quality Assurance
- Received Airbus A320 STC
- Hired new sales agents
- Focusing on Star-ads sales and put other research projects on hold
- Put together resources to execute corporate goals
- New board members elected

They seem to have a clear strategy going forward. They want to go after the aircraft health monitoring market. Most lawsuits are over and new management seems like they know what to do to turn the company around. I looked into the new sales consultant. He seems to be very experienced with good industry knowledge. His strategy and goals to get sales by end of this year were clear. lets all hope he is able to execute. I think Star has a very bright future going forward and is now out of the woods. its been a very dark period and with appointment of new board and new management, there is no where to look but towards the light. 

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