- Star Navigation (CSE:SNA) described a visionary shift in its trajectory, embracing the transformative power of generative AI
- Star’s aviation division will continue to focus on the marketing and sales activities of its main product line, the STAR-A.D.S. system
- In line with this shift, the company will allocate resources to research and development initiatives focused on advancing generative AI technologies
- From mid-November to mid-December, Star Navigation has traded around $0.01 per share
Star Navigation (CSE:SNA) described a visionary shift in its trajectory, embracing the transformative power of generative AI.
Its board of directors had approved the pivot to help position the company at the forefront of innovation leading to advances in its STAR-A.D.S. system, as well as opening new global vertical markets for exponential growth using AI technology.
Star’s aviation division will continue to focus on the marketing and sales activities of its main product line, the STAR-A.D.S. system.
The team has recognized that generative AI can hold the potential to revolutionize client and brand interactions, which could propel Star into a leadership position in this space.
In line with this shift, the company will allocate resources to research and development initiatives focused on advancing generative AI technologies. This shift is intended to not only strengthen the company’s internal capabilities but also foster collaborations with players in the metaverse ecosystem.
“Our commitment to harnessing advanced technologies demonstrates our dedication to elevating our competitive standing and shaping the landscape of new market opportunities,” The company’s chairman of the board, Gary Panaich, said in a news release. “By prioritizing AI, Star aims to unlock opportunities for innovation, efficiency, and lasting value creation for our shareholders.”
According to Next Move Strategy Consulting, the global AI Market was valued at US$95 billion in 2021 and is projected to reach nearly US$2 trillion by 2030.
Star Navigation Systems Group Ltd. is a Canadian avionics manufacturing company offering a complete ecosystem of aircraft hardware, software and analytics solutions.
From mid-November to mid-December, Star Navigation has traded around $0.01 per share.
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