Advertisement
Canada markets close in 5 hours 4 minutes
  • S&P/TSX

    22,075.79
    +177.81 (+0.81%)
     
  • S&P 500

    5,241.69
    -25.26 (-0.48%)
     
  • DOW

    38,055.10
    -386.44 (-1.01%)
     
  • CAD/USD

    0.7318
    +0.0026 (+0.36%)
     
  • CRUDE OIL

    78.74
    -0.49 (-0.62%)
     
  • Bitcoin CAD

    93,290.75
    +833.41 (+0.90%)
     
  • CMC Crypto 200

    1,436.92
    -18.95 (-1.30%)
     
  • GOLD FUTURES

    2,368.10
    +4.00 (+0.17%)
     
  • RUSSELL 2000

    2,052.60
    +16.42 (+0.81%)
     
  • 10-Yr Bond

    4.5620
    -0.0620 (-1.34%)
     
  • NASDAQ

    16,811.69
    -108.89 (-0.64%)
     
  • VOLATILITY

    14.11
    -0.17 (-1.19%)
     
  • FTSE

    8,224.03
    +40.96 (+0.50%)
     
  • NIKKEI 225

    38,054.13
    -502.74 (-1.30%)
     
  • CAD/EUR

    0.6747
    +0.0001 (+0.01%)
     

Star Navigation Announces Listing on the Frankfurt Stock Exchange

Brampton, Ontario--(Newsfile Corp. - April 5, 2023) - Star Navigation Systems Group Ltd. (CSE: SNA) (OTC Pink: SNAVF) (FSE: S3O) ("Star" or the "Company") is pleased to announce the listing of its common shares on the Frankfurt Stock Exchange ("FSE") under the trading symbol S3O. The Company shares are now cross listed on the Canadian Stock Exchange ("SNA.CN"), the OTC US ("SNAVF") and now the Frankfurt Stock Exchange ("FSE").

The FSE is one of the world's largest international trading centers for securities. Operated by the Deutsche Boerse AG, FSE, is the largest of Germany's seven stock exchanges, and is responsible for approximately 90 percent of all securities traded in Germany. The FSE facilitates advanced electronic trading, settlement and information systems and enables cross-border trading for international investors.

The Company would also like to announce that it has signed a three-month contract with Apaton Finance for creating and distributing corporate articles and disseminating Company news in both English and German to European investors.

ADVERTISEMENT

Anoop Brar, Interim-CEO commented "We are excited to expand our corporate market awareness and give European investors better access to invest into Star via the FSE. This is the next logical step for Star as it looks to expand its capital markets strategy offering our shareholders increased liquidity as well as enhancing our global visibility."

About Star Navigation Systems - www.star-navigation.com

Star Navigation Systems Group Ltd. 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.

Forward Looking Information

Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future.

When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.

Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.

Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.

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.

Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.

NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Please visit www.star-navigation.com or contact

Anoop Brar, Interim-Chief Executive Officer at 1-416-252-2889

anoop.brar@star-navigation.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161365