(TEMPORARY WEBSITE WHILE NEW SITE BEING BUILT)
STOCK SYMBOL: NEIK.OTC
NORTHSTAR ELECTRONICS, INC.-COMPANY OVERVIEW
Northstar Electronics, Inc. is a Delaware incorporated company, working in the aviation, defense, and marine industries. The Company listed on the OTCBB under the symbol NEIK in 2000 and is currently trading on OTC Markets.
Northstar began operations in the late 1990’s by developing an innovative underwater sonar system for the international commercial fishing industry. Shortly after, in 2000, the Company was awarded a contract from Lockheed Martin MS2 for the assembly of Command and Control consoles for the Canadian Navy’s submarines. This was followed by Northstar being invited to be a junior partner on Lockheed Martin’s team for the pursuit of a $3.2B military helicopter contract. This venture opened new relationships for Northstar within their company.
Lockheed Martin then contracted Northstar to develop and build the underwater portion of an anti-terrorism sonar system, designed to protect aircraft carriers and other ships of the US Navy from terrorist diver attacks. This was a major effort and Northstar successfully accomplished the work in the required short timeframe.
Lockheed Martin subsequently awarded Northstar the first of two contracts, together worth approximately $16M, to manufacture a number of small mechanical parts for C130 (Hercules) aircraft that were being refurbished. Also, a subsidiary of L3 Communications awarded Northstar a contract, which grew to about $4M, to manufacture Command and Control consoles for navy frigates. Northstar’s revenues reached over $4M in 2009.
Our efforts over the past year have been aimed at turning Northstar around and injecting new energy into it. We are now working to expand into aviation manufacturing and distribution.
Northstar Electronics’s joint
venture company with Sealand Aviation, Northstar
Sealand Enterprises Ltd. (NSEL) ,
is working to secure licence/distributor agreements with an Original
Equipment Manufacturer (OEM) to assemble, certify, manufacture,
service, repair, and market a new version of a turboprop single engine airplane for the North & Central American, and other markets. The airplane is used in multi-purpose commercial applications in a growing market.
Since the last update, progress has been made, and we are currently working towards completing financial and contractual arrangements. Additional market areas recently gained should add considerably to our potential sales.
We are continuing our market research and planning new sales strategies to generate orders from the multiple new markets. Letters of expression of interest in the new aircraft have been received from prospective customers.
We are planning flight demonstrations for next year, with first deliveries expected in late summer 2016.
Work is progressing on Northstar’s
intent to become current with its SEC reporting in as short a time
frame as possible.
As we stated previously, once we
achieve our objectives, we believe that our share price will respond
favorably and that it could reach a reasonable and stable price
NORTHSTAR INVESTMENT OPPORTUNITY
Northstar is currently raising funds through a Convertible Preferred Share Private Placement. The funds are intended to be used to complete the work required to become current with the Company’s SEC filings, to return to the OTCQB trading platform, and for working capital for the current phase of our planned new aviation business.
For details on this Private Placement (Term Sheet, Subscription Agreement, Examples of Return On Investment), please email:
Wilson Russell, President, at email@example.com .
About Northstar Electronics Inc.
has a long history of developing and manufacturing defense
and commercial electronic and mechanical systems. The company is now
being restructured to go forward with a renewed focus on the
development of a new aviation business and carry out work to develop
innovative sonar systems. In addition to a small number of internal
personnel, Northstar's new business model utilizes outside expert
associates to ensure that we have world class talent working on our
This website contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, in future press releases.
Harbor: Within this website are forward-looking statements within the
meaning of Section 27A of the Securities Act 1993, as amended, and
Section 21E of the Securities Exchange Act 1934, as amended, and is
subject to safe harbor created by those sections. Although Company
believes such expectations reflected in forward-looking statements are
reasonable, it can give no assurance that expectations reflected in
forward-looking statements will prove correct.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this website contains forward looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Contact: Richard Kaiser