AGORACOM-PK's Profile

AGORACOM-PK's Posts

Star Navigation Featured in Financial Post ... Could Black Box Become Obsolete?




Viraf Kapadia, chief executive of Star Navigation Systems Group, hopes his Black Box technology will finally take off now all the licensing from aviation regulators are in place.

Read more: http://www.financialpost.com/Real+Time+Monitor+Radar/3756933/story.html#ixzz142vWKTGR


Part of the tragedy of Air France flight 447 is the plane's Black Box flight recorders, along with the definitive cause of the crash contained therein, might be lost forever miles beneath the surface of the mid-Atlantic.


Viraf Kapadia, founder and chief executive of Star Navigation Systems Group Inc., is hoping his company's technology will ensure that never again happens.


Billed as "the new Black Box," the Toronto-based firm's Terrastar onboard monitoring system records flight data in much the same way the traditional Black Box does. But instead of storing the data in a physical box on the aircraft where it could be damaged, lost or destroyed, Terrastar encrypts the information and transmits it via satellite to a ground-based monitoring station, where it is decrypted and stored in real time.


If a problem is detected, the device triggers an automated message to alert personnel on the ground.


"Say you're the vice-president of engineering for Air Canada and you're at an aviation show or conference. Something goes wrong with one of your aircraft of high priority then you will receive an email on your computer with WiFi or your BlackBerry telling you exactly what is wrong in plain English," Mr. Kapadia said.


The purpose is to catch minor issues before they become major malfunctions. "It is proactive versus reactive," Mr. Kapadia said. "The Black Box is very important when a plane goes down or a plane has had a problem and they want to do a postflight analysis, but that is always going to be after the fact," he said.


"Our box is there watching in real time all the time so if there is an issue that needs to be addressed it can be immediately as opposed to t-minus one second which is then boom and crash."


The potential to save human lives is of value immeasurable. Although Mr. Kapadia, an accountant by training, prefers to focus on the Terrastar's ability to stave off the death of companies as well.


"One air accident can cost anywhere from $800-million to $1-billion or $2-billion and sometimes the life of the company, companies have seized because of one or two crashes," Mr. Kapadia said.


Considering the technology required to accomplish real-time flight systems monitoring has been around for some time, one might wonder why it has taken until 2010 for a functional, marketable product such as the Terrastar system to come to market. Mr. Kapadia said it is just an airline thing. "Unfortunately in aviation everything takes longer and costs more," he said.


"The Black Box has been in place for over 60 years and no one wants to change it."


That his company has held patents on real-time flight systems monitoring since 2001 in Canada, the United States, the U.K., Australia and Hong Kong is probably also a factor.


"The Black Box is obsolete," declared Pierre Jeanniot, former chief executive of Air Canada in a press release more than a year ago. As the founding director of the airline's operational research group in the 1960s, he was partially responsible for the original Black Box design.


"New technology is now available that would make the recovery and analysis of critical aircraft performance factors a much surer and faster task than it is today," he said. Considering Mr. Jeanniot is also the chair of Star Navigation's strategic advisory committee, he was probably talking about STAR-ISMS.


Although Mr. Kapadia was right about the process taking longer and costing more. It has taken 10 years and $26-million in funding for Star to get where it is today.


Aside from running the company from its inception, Mr. Kapadia is also principal shareholder, with $4.5-million invested in the business at various stages.


"I fully believe in this company, I have no choice," he said. Mr. Kapadia said the remaining 2,000-odd Star shareholders are mostly "family and friends," and he describes about 100 of those as "large investors."


The company also raised about $2-million in August 2002 by listing itself on the TSX venture exchange, where it can still be found today under the symbol SNA.


Having received all the necessary licensing and approvals from Transport Canada and the Federal Aviation Authority [FAA] in the United States, Star is in the process of finalizing its first big order with a major subsidiary of the pan-European aerospace corporation EADS, or European Aeronautic Defence and Space Company. Mr. Kapadia is confident Star will achieve its first profitable quarter by the middle of the 2011 fiscal year.


"Our biggest challenge has already been overcome," he said. "Industries are off on STAR-ISMS and we're working with government bodies who are now absolutely concerned about the current technology and are looking at our technology as the saviour or possibly the death knell of the Black Box," he said.


Mr. Kapadia said his next goal is to expand Star's product line beyond the STAR-ISMS system to bring about a "huge return on investment to my loyal shareholders, which includes me." There are other monitoring systems for aircraft environments and medical systems being developed, as well as another potentially life-saving device in mind for the future.


"We are also looking at real-time [transmission] of audio and video from the cockpit and cabin," he said. "Remember 9/11?"


jberkow@nationalpost.com




Read more: http://www.financialpost.com/Real+Time+Monitor+Radar/3756933/story.html#ixzz142OrxPk6

almost 14 years ago
Sage Gold Hub Now Open Once Again for Business!

Due to popular demand, we have re-launched the Sage Gold Hub on AGORACOM.


It goes without saying that our Six Rules of Use apply on the Sage Gold Hub as they do across the entire AGORACOM website.


With Gold breaking record highs, and not looking to let up, we're sure that shareholders have alot to talk about.


Good luck with Sage Gold and rest of your investments.


Regards,


George, Paul and the AGORACOM Team

almost 14 years ago
END OF DAY ALERT - (BOB:TSXV) - Global Hunter ... Up 28% on 1.53 Million Shares

END OF DAY ALERT - (BOB:TSXV) - Global Hunter







(BOB: TSXV)


0.09 +0.02 (28%), Vol. 1,530,000
Click here to access the Global Hunter IR Hub




almost 14 years ago
Forum Etiquette and 6 Rules of Use - Please Read

Dear Noront Shareholders,


I’d like to first begin by thanking everyone for their contributions within the AGORACOM community and the Noront HUB.


We built the AGORACOM community for the free flow of information, ideas and thoughts between serious retail investors. The great news is that Noront shareholders have taken to this concept like fish to water. While we know that the AGORACOM model is not perfect and not without its faults, we still believe that the AGORACOM model is the best one around. It is a work in progress and always will be as we try to evolve with the needs of our community members.


We realize that the system can never be perfect as we as individuals are not perfect. As such, sometimes logic and rationale can take a back seat to emotion. It can happen to the best of us.


We typically like to let our micro-communities set their own standards, which means giving the community some latitude to decide what is and what is not acceptable. However, our “6 Rules of Use” remains the backbone to Peace, Order and Good Governance on AGORACOM.


We (AGORACOM) would like to apologize for not acting sooner to enforce our “6 Rules of Use” more strictly. This is turn has led to the accumulation of clutter and confusion on the discussion forum.


That being said, going forward from this point on (and 48 hours retroactively – some older posts will likely be deleted as part of this sweep), we will be strictly applying our “6 Rules of Use”:


1. PROFANITY - Swearing or use of foul language is strictly prohibited… in any language (We have 42 interpreters on staff to keep an eye on those International members). For the record, ##$!#&% or any combination thereof is considered profanity.


2. DEROGATORY COMMENTS TOWARDS OTHERS - Calling another member an idiot, clown, stupid, dumb, moron or ##x%x# for brains is strictly prohibited.


3. OFF-TOPIC OR IRRELEVANT COMMENTS - Yes, nobody can believe what happened to Turtle on Entourage, or that Monica Lewinsky took a job at the Kremlin, or that Romo dropped the field goal snap and crushed Cowboy fans everwhere. However, this is not the place to discuss TV shows, politics or sports… O.K. maybe a little sports.


4. SPAMMING OR CLAIMS OF INSIDER INFORMATION - Enough said… unless your brother in-law really is Michael Dell’s chauffeur.


5. BASHING OR HYPING – Unsubstantiated claims of grandeur or impending doom are best left to Nostradamus as they will cost you some valuable points towards your rating. Also included in this category is repetition of the same question, fact or opinion over and over after a response has been provided or if there is currently no ascertainable answer.


6. Caps lock and use of !!!!!!! - NOTHING AND WE MEAN NOTHING IS MORE AGGRAVATING AND ANNOYING THAN READING A POST THAT LOOKS LIKE THIS!!!!!! IF YOU HAVE SOMETHING TO SAY, IT DOESN’T BECOME ANYMORE NOTICEABLE WHEN YOU TYPE IT IN CAPS!!!!! IN FACT, MOST PEOPLE TEND TO IGNORE THESE KINDS OF POSTS!!!!... Exceptions will be made for those deserted on a deserted island (with a kick ass internet connection) and sending out a distress signal, or anyone who invested in WorldCom, Enron, Tyco, Nortel, Webvan, Pets.com or Sideware and needs to freak out every year.


Personal attacks will be deleted on the spot … NO EXCEPTIONS … and this may lead to the termination of your account. Please focus on the topic and not the poster.


Anything that is deemed “Off Topic” will be moved to the “Off Topic” discussion forum. As a point of clarification, the overwhelming majority voted and considers Freewest discussion to be on point so Freewest discussion will be allowed on the main Noront discussion forum until the majority of the community decides at some future point that Freewest is no longer relevant.


These rules will be applied equally to all and there will be no favoritism shown to anyone.


We are always open to suggestions and appreciate any help you can offer in helping to monitor the site by reporting any possible violations.


Thank you once again for your participation and for helping to make AGORACOM the premier destination for small–mid cap companies and investors.


Regards,


Paul K

almost 15 years ago
Re: Not a warning but a few honest thoughts I would respect if you considered

Add me to that list as well :-)


I'm not sure how that rumor got started, but we have ZERO intentions of banning "The HOOV".


Just wanted to make sure that we were all on the same page.


Regards,


Paul K

almost 15 years ago
Freewest is off-toic and not relevant to Noront

Freewest is off-toic and not relevant to Noront

almost 15 years ago
AGORACOM-PK
City
Toronto
Rank
Administrator
Activity Points
4613
Rating
Your Rating
Date Joined
09/24/2006
Social Links
Private Message