TORONTO, ONTARIO--(Marketwire - May 1, 2012) - Star Navigation Systems Group Ltd. ("Star" or the "Company") (TSX VENTURE:SNA) is very pleased to announce the appointment of Pierre Jeanniot, O.C, C.Q. to the Board of Directors of the Company.
Mr. Jeanniot brings to his position a lifetime of experience as a veteran of the aviation industry. He was appointed Executive Vice President and Chief Operating Officer of Air Canada in 1980, and was President and CEO from 1984 to 1990. He was appointed Director General and Chief Executive Officer of International Air Transport Association (IATA) in 1992. Under his leadership, IATA evolved into the voice and recognized leader of international civil aviation, strongly defending and promoting the interests of the airline community and its partners throughout the world.
He was Chairman of THALES Canada, a wholly-owned subsidiary of the worldwide THALES Group, from 2003 to December 2009. THALES Canada is a leading supplier of hi-tech systems to commercial aviation, metro and light rail, as well as military requirements throughout Canada and offshore.
In 1990, Mr. Jeanniot established Jinmag Management and Investment Inc. which provides advice to airlines, various governments and international civil aviation authorities, as well as to a wide range of aviation and transportation-related companies. He currently serves on the Boards of a number of companies, and spent 14 years on the Board of Scotia Bank, while devoting himself to many social and charitable causes.
The Company very much looks forward to Mr. Jeanniot's advice and guidance as it enters into full commercialization of its STAR-ISMS®, the heart of the Airbourne Data Services being rolled out by Star and Paradigm Services Limited, an Astrium company, part of EADS.
In accordance with Company policy, Mr. Jeanniot will be granted 300,000 options to purchase common shares of the Company @ $0.10, vesting over one year, expiring April 30, 2015, subject to TSX-V approval.
About Star Navigation Systems Group Ltd.
Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. 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.
Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will" 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.