BRAMPTON, Ontario, 01 Dec. 2021 (GLOBE NEWSWIRE) – Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) (“Star” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with WheelTug plc, the innovative company electric taxis.
The MOU will see the companies cooperate in the collection and analysis of data collected by Star’s on-board technology and WheelTug Vision, the network of cameras that complements the main WheelTug electric taxi system. The goal is to maximize the benefits that WheelTug generates for airlines. Star’s solution provides operators, owners, insurers and even ATC with access to granular information on flight operations.
Debuting on a Boeing 737NG in early 2023, the WheelTug electric taxi system is installed in the nose gear of the aircraft. WheelTug will allow the pilot to perform airplane maneuvers in ramp areas without using jet engines or connecting a tug. This will allow individual flights to become faster, safer and more environmentally friendly, as efficiency gains expand across the airline network.
Amir Bhatti, CEO of Star, said: âThe collaboration with WheelTug allows us to focus on greener flight and ground operations. Our solution tracks eight (8) critical data streams, including the flight data recorder, and provides intelligent analytics. It’s exciting to be able to offer door-to-door diagnostics and forecasts to customers. “
Isaiah Cox, CEO of WheelTug, said: âOur system will dramatically increase airlines’ efficiency in boarding areas, and we look forward to showing our airlines the quality data and analysis provided by Star in order to ‘illustrate exactly how WheelTug improves these operations. “
About star navigation:
Star Navigation Systems Group Ltd. manufactures the flight safety monitoring system, STAR-ISMSÂ®, the heart of STAR-ADSÂ® System. STAR-ADSÂ® The system has a real-time ability to track performance trends and predict the occurrence of incidents improves aviation safety and improves fleet management while reducing costs for the operator.
Star’s MMI division designs and manufactures high performance, critical cockpit flat panel displays for the defense and commercial aviation industries worldwide.
About WheelTug plc:
WheelTug plc develops the WheelTug aircraft electric drive system (e-taxi). More than 25 airlines representing more than 2,000 aircraft have now signed letters of intent with WheelTug. Forward-looking statement at www.wheeltug.com/fls
Certain statements contained in this press release constitute forward-looking statements. When used in this document, the words âmayâ, âwouldâ, âcouldâ, âwillâ, âexpectedâ, âintentionâ and similar expressions, with respect to Star or its management or its board of directors, are intended to identify future forward-looking statements. These statements reflect Star’s current views regarding future events and are subject to certain risks, uncertainties and assumptions.
The risks posed by the COVID-19 pandemic are real and substantial, but cannot be defined or significantly measured at this time. There are many other factors that could cause Star’s actual performance or achievements to differ from those depicted here. If one or more of these factors or uncertainties materialize, or if the assumptions underlying the forward-looking statements prove to be incorrect, actual results may differ materially from those described in this document as being intended, planned, anticipated, believed, estimated or expected.
Star assumes no 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 contents of this release.
Please visit www.star-navigation.com or contact
Mr. Amir Bhatti, CEO at 1-416-252-2889 # 230 or [email protected]
For WheelTug, please visit www.wheeltug.com or contact
Mr. Jan Vana, Director at +420 724 276 506 or [email protected]