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By: AllPennyStocks.com
More than a century after man first conquered the air – and half a century after
penetrating space – our fascination with flight persists. Safety in the air is
important, too, which is why Toronto-based Star Navigation Systems Group Ltd. (TSX-Venture:SNA), continues to be sought out as an authority on the subject, and even more
so, as a small-cap investment.
SNA is a leading-edge technology company focused on providing Aerospace
Solutions. Most recently, the company has developed the TERRASTARTM in-flight
safety monitoring system -- the first such system to feature in-flight data
monitoring and diagnostics with a "real-time" secure connection between aircraft
and ground, made possible through current technology and satellite transmission.
The established data monitoring as the industry appears to know it consists of
so-called “Black Box” recordings. But, as Pierre Jeanniot, who chairs the firm’s
strategic advisory committee, told the media last summer, such technology is
obsolete. Jeanniot, formerly of the helm of Air Canada and the International Air
Transport Association (IATA), pointed out several cases where, even though the
flight data recorders have been recovered, the "Black Box" had been so badly
damaged that much of the data had been destroyed or very difficult to interpret.
It was, incidentally, Jeanniot who helped develop the original flight data
recording technology about 40 years ago.
TERRASTA, he continued, constitutes cost-effective real-time data, able not only
to transmit data when specific malfunction occurs, but can, in the event of a
serious malfunction, transmit all data and cockpit communication non-stop. The
substantial reduction in satellite communication costs make such a system
relatively inexpensive to operate.
In January, the sales effort for TERRASTA came up nuggets last month when
SkyLink Aviation Inc. acquired another two of the systems, bringing the total
SkyLink order to 33. Also recently, Star announced last fall that it was setting
up shop in the States, specifically, in Atlanta, for its U.S. headquarters.
While volume for SNA stock appears to be somewhat heavy, the price has not quite
been cleared for takeoff, after hitting its 52-week peak at 48 cents earlier
this month. The price taxied at four cents last August, and now sits around the
34-cent mark. Still, it’s a stock that is attracting new customers with its
21st-century technology, and once it finds more investors in the aviation
industry who can think outside the (black) box, this stock could gain altitude,
and take more travelers along for the ride.
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