TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Star Navigation Systems Group Ltd. (CSE:SNA)
(CSE:SNA.CN) (OTC:SNAVF) ("Star" or the "Company") is pleased to announce that pursuant to its 2006 Incentive
Stock Option Plan, as amended, the Board of Directors of the Company has approved the grant of incentive stock options to purchase
1,500,000 common shares in the capital stock of the Company to certain employees and consultants of the Company (the “Grantees”).
The options expire August 31, 2020, are exercisable at $0.075 per share for 1,000,000 of them, at $0.10 for 250,000, at $0.15 for
250,000, and are subject to a four month statutory hold from the date of issue.
The Board of Directors of the Company utilizes stock options as incentives to certain directors, officers, employees and
consultants of the Company as part of its overall strategy.
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. ® System. 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.
Star’s MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and
commercial aviation industries worldwide.
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
Jean-Louis Larmor, (416) 252-2889 Ext. 221
jean-louis.larmor@star-navigation.com
