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Chengdu Spaceon Technology Co. Ltd. signs Cooperation Framework Agreement with Star Navigation of Canada

Time:2014-08-27   [Back] 

Chengdu Spaceon Technology Co., Ltd. is pleased to announce that it has signed a Cooperation Frame work Agreement (“CFA”) with Star Navigation Systems Group Ltd. (“Star”).

Star is a well-known Canadian public company,dedicated in providing aviation information solutions for decades of years. It owns the exclusive world-wide license to its proprietary, patented In-flight Safety Monitoring System,STAR-ISMS®, the heart of the STAR-A.D.S.® System. It is 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.

The CFA prepares the way for a full Cooperation Agreement to be completed and signed shortly. That agreement will provide for the manufacturing, marketing and sale by Spaceon of Star’s STAR-ISMS® Lite system in China, and for the joint research and development of new products.

Mr. Yang Shaoping, G.M.of Spaceon said:

"As a senior product provider and system integrator in avionics and maritime fields, it is agreat pleasure for Spaceon to establish the cooperation relationship with Star Navigation in joint development and market exploring of customized in-flight data service system and on-board equipments.

Currently, It is good timing and opportunity for both parties as the Chinese government pays high attention to the application and promotion of in-flight real-time health management system of the aircrafts. Spaceon will fully take advantage of its own technical capabilities in avionics and satcom fields and the localization strength, combined with Star’s advanced technique and expertise background in aviation field, to create the suitable products, systems and services for the market localization requirements and become the main provider of in-flight health management system in Chinese market.

I hope a joint-developed cost-effective Star ISMS Lite system will enter into Chinese market as well as the rest markets in the world in the near future. At last, I sincerely wish a home-made STAR-A.D.S. system could come out in the Chinese market as soon as possible with the high-quality services to Chinese commercial airlines."

Mr. Viraf S.Kapadia, CEO of Star said:

"This is agreat example of how Star utilizes strategic alliances to provide the best solutions for our customers. In this case, our expertise in the tracking andaircraft health monitoring sectors, along with our working participation at the BEA, ICAO, IATA, ITU investigations after the  MH- 370 incident (namely through the ATTF, Aircraft Tracking Task Force), allied with Spaceon’s expertise and experience in R&D and on-board electronics, make it an excellent fit. We expect that this relationship may prosper inrelated fields, as Spaceon brings outstanding experience and knowledge of the Chinese market, allowing for the rapid development of a simpler version of ourexisting on-board equipment.

This new version of Star’s STAR-ISMS® Lite system will be targeted towards the general aviation market rather than commercial airliners.

Our mainfocus continues to be the STAR-A.D.S.® system for larger commercial operators. This cooperation will allow us to accelerate our penetration of China and other market segments worldwide. In the future, Spaceon may undertakethe marketing, sales and implementation of the STAR-A.D.S.® in China for commercial airlines."