Spike in orders for Star Navigation’s MMI Division
Aug. 12, 2014, Toronto - Star Navigation Systems Group Ltd. has announced that its' STAR Man Machine Interface Division has received additional orders for upgrades of displays from both from a major Fortune 100 Aerospace Company, and from another overseas customer.
The total business value of these increasing activities more than doubles the $200,000 value of the orders for defense activities announced in June 2014, to over US$430,000 in the first four months.
In addition, the short term prospects for the sale of new displays and other STAR-MMI products are improving rapidly.
The STAR-MMI Division was set up in April, 2014, following the Company's purchase of the assets of Luxell Quebec Technologies Inc. The four month period following the purchase has seen the integration of the new MMI activities with those of Star. It has allowed Star to more effectively control its supply chain, enhance its program and engineering capabilities, and add to its overall portfolio of products, all of which add to its revenue stream.
Mr. Jean-Louis Larmor, Vice President, Corporate Development of Star stated: "We are particularly gratified by the swift integration of the Luxell assets and activities, and by the increased capabilities of our company. The added resources have already helped us to accelerate our main business activities directed towards commercial airlines and operators, thus adding to our ability to offer leading edge solutions to our customers. In addition, STAR-MMI is bringing us valuable exposure to several system integrators, increased familiarization with the military segments, while contributing to an increase in our revenue generation."