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Star Navigation Systems Group Ltd
Symbol SNA
Shares Issued 982,828,693
Close 2024-01-15 C$ 0.01
Market Cap C$ 9,828,287
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Star Navigation appoints Koroll as interim CEO

2024-01-15 11:30 ET - News Release

Mr. Randy Koroll reports

STAR NAVIGATION CORPORATE UPDATE

Star Navigation Systems Group Ltd.'s Dr. Darrin Milne has resigned as a member of the board of directors, effective immediately, for personal reasons.

Mr. Milne played a key role in helping guide Star through the COVID-19 pandemic and was instrumental in having the company reinstated on the Canadian Stock Exchange during 2020. The company wants to thank Mr. Milne for his efforts as a director and wishes him much success in the future.

The company also announces that Randy Koroll has been appointed as a director to Star. Mr. Koroll brings 20 years of public company experience as both a chief financial officer and director to Star.

The company also has appointed Anoop Brar as president of Star Navigation Systems Inc., the company's aviation subsidiary. Mr. Koroll has been appointed the new interim chief executive officer of Star Navigation Systems Group, effective immediately.

Mr. Koroll has served as Star's chief financial officer for the past 15 years.

About Star Navigation Systems Group Ltd.

Star Navigation Systems Group manufactures the in-flight safety monitoring system, Star-Isms, the heart of the Star-A.D.S. system. 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 MMI division (military and defence) designs and manufactures high-performance, mission-critical, flight-deck flat-panel displays for defence and commercial aviation industries worldwide.

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