Star Navigation Systems Group Ltd. (CSE: SNA) (CSE:SNA.CN) (OTCQB: SNAVF) has announced
it has named Michael Homer, P.Eng. ICD.D as Chief Operating Officer, the company said.
He was most recently the Chief Executive Officer of Vital Alert Communications Inc. a specialty communications company. He will be granted 500,000 options to purchase common shares of the Company. The options have a term of two (2) years, and vest over a period of one (1) year. One half of the options are exercisable at a price of USD 0.10 per common share purchased, and the balance at USD 0.15 per common share purchased.
Jean-Louis Larmor, formerly Chief Operating Officer, has been appointed VP – Corporate Development of Star. In addition to his new duties at Star, He also takes on responsibility for STAR-ISONEO Inc. as its new President. Larmor will be granted 200,000 options to purchase common shares of the Company. The options have a term of two (2) years, and vest over a period of one (1) year. The options are exercisable at a price of USD 0.10 per common share purchased.
Star Navigation Systems Group Ltd. owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, STAR-ISMS, the heart of the STAR-A.D.S. System. Star´s MMI Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.