Northstar Electronics, Inc. (NEIK) Progress Update on Deal With Major Aerospace Manufacturer

Vancouver, British Columbia-October 25, 2017 – Northstar Electronics, Inc. (OTCQB:NEIK) previously stated that its subsidiary, Northstar Sealand Enterprises Ltd. (NSEL), is working to acquire the worldwide rights to a “Turbo-Prop” single engine industrial airplane from a world leader in the aerospace industry.  The timeline for the final agreement with the subsidiary company that owns the rights to the airplane has been extended. The main reason is that there is a strong possibility that the parent company will use our transaction as an “Offset,” which means that much of our acquisition costs included the Intellectual Property (IP), prototype, tooling, etc. would be covered (when international companies win large multi-billion contracts from the Canadian government, the companies have obligations to put considerable work into local companies.)

As mentioned before, the primary applications for the airplane are in “Agriculture and Rapid Response Forest Fire Fighting” where the needs for both types of airplanes are high. NSEL is continuing its assessment of the “Cloud Seeding” market. So far, the results look positive. Management believes the new design features of the NSEL airplane will quickly lead to it being a leader in its class.

Once the airplane “Rights Acquisition Agreement” is signed, NSEL intends to aggressively roll out its plans to initiate the actions leading to manufacturing the airplane and marketing it worldwide. The Company`s basic marketing strategy is to first focus on markets in which the former version of the plane was a big success, with many of those customers expressing considerable interest in the new, innovated version.  NSEL plans to then expand outwards to other markets, domestic and foreign, where there are also strong needs for the performance capabilities of this new design.

NSEL’s estimates for annual revenues in the fifth year of operations are of the order of $30M, with good profit margins.

On another note, Northstar is pleased to report that a former senior executive at the world’s largest defense and aerospace company has become an advisor to the Company. He has a stellar background and brings extensive international experience to the Company.

Dr. Wilson Russell, CEO of Northstar Electronics, comments, “Although the timeline to an agreement has been extended, the potential resulting benefits are highly significant to Northstar. It also means that we would likely have the support of the parent company for up to five years going forward. ”

Currently, Northstar wishes to raise funds. The instrument is comprised of a common share plus a warrant. Northstar is looking for investors who would like to be part of what we believe is an attractive opportunity in the growing Aerospace industry. Interested parties can contact Wilson Russell, CEO, at wrussell@northstarelectronics.com.

For further information about this news release contact, Rich Kaiser, Investor Relations, Yes International, 757-306-6090, yes@yesinternational.com.

About Northstar Electronics, Inc.

Northstar Electronics, Inc. (OTCQB:NEIK) established in the late 1990’s carried out design and manufacturing contracts for various divisions of Lockheed Martin Corporation including LM MS2 (Submarine Command and Control Consoles), LM Canada (Naval Anti-Terrorism System), LM Aeronautics (Parts for P-3 Orion Airplane), and L-3 ( Navy Frigate Command and Control Consoles). Northstar also designed, manufactured, and sold its own sonar-based system to commercial customers. Since termination of the above contracts, Northstar has moved towards making and selling its own independent systems, www.northstarelectronics.com.

Safe Harbor Statement:
This press release may include predictions, estimates, opinions or statements that might be considered “forward-looking” under the provisions of the Private Securities Litigation Reform Act of 1995. Such statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” or other, similar words or phrases.

NORTHSTAR ELECTRONICS, INC. (NEIK) PREPARES FOR START OF FINAL AGREEMENT NEGOTIATIONS WITH MAJOR AEROSPACE MANUFACTURER

Virginia Beach, Virginia-August 9, 2017  Northstar Electronics, Inc. (OTCQB:NEIK) has previously stated that its subsidiary, Northstar Sealand Enterprises Ltd. (NSEL), is working to acquire the worldwide rights to a Turbo Prop single engine industrial airplane from a world leader in the aerospace industry. A time frame of mid-September has now been set to start negotiations on the final agreement with the subsidiary company that owns the rights to the airplane.

After a rigorous effort of more than two years, Northstar`s management sees these forthcoming meetings as a major event. A former “C-suite“ senior executive of one of the world`s largest companies has offered to be an advisor to Northstar during the negotiations.

The main applications for the airplane are in Agriculture and Rapid Response Forest Fire Fighting. NSEL is also assessing the potential markets for Cloud Seeding for which there is a growing market. The newly designed version of the airplane includes features which NSEL believes will set it at the forefront of the industry.

On sign-off of the agreement, NSEL plans to initiate the actions leading to manufacturing the airplane and marketing it worldwide. The Company`s basic marketing strategy is to first focus on markets in which the former version of the plane was a big success, with many of those customers expressing considerable interest in the new, innovated version.  NSEL plans to then expand outwards to other markets, domestic and foreign, where there are strong needs for the performance capabilities of this new design.

NSEL estimates that the annual revenue could be of the order of $30M in year five of operations, with good profit margins.

The Company also has an opportunity to take advantage of Offsets. When international companies win large multi-billion contracts from the Canadian government, the companies have obligations to put considerable work into local companies. In NSEL’s case, we believe that there are real possibilities that NSEL may be considered as an Offset candidate.  This could mean significant savings on NSEL’s costs.

Dr. Wilson Russell, President of Northstar Electronics, comments,  ” We appreciate that it has taken more time than expected to reach this stage. However, I firmly believe that it will be well worth the wait for our shareholders.”

For further information about this news release contact,  Rich Kaiser, Investor Relations, Yes International, 757-306-6090, yes@yesinternational.com.

About Northstar Electronics, Inc.

Northstar Electronics, Inc. (OTCQB.NEIK) established in the late 1990’s carried out design and manufacturing contracts for various divisions of Lockheed Martin Corporation including LM MS2 (Submarine Command and Control Consoles), LM Canada (Naval Anti-Terrorism System), LM Aeronautics (Parts for P-3 Orion Airplane), and L-3 ( Navy Frigate Command and Control Consoles). Northstar also designed, manufactured, and sold its sonar-based system to commercial customers. Since the termination of the above contracts, Northstar has been seeking other strategic relationships,www.northstarelectronics.com.

NORTHSTAR ELECTRONICS, INC.’S  (NEIK) CEO DR. WILSON RUSSELL PARTICIPATED IN THE 2017 CANSEC GLOBAL DEFENSE AND SECURITY TRADE SHOW

Virginia Beach, VA- June 13, 2017-  Northstar Electronic, Inc’s (OTCQB:NEIK) CEO, Dr. Wilson Russell, recently participated in the 2017 CANSEC Global Defense and Security trade show in Ottawa, Canada.

Throughout the show, the international aerospace company whose subsidiary has been dealing with Northstar’s subsidiary, Northstar Sealand Enterprises Ltd (NSEL), had a strong presence.

NSEL’s objective is to acquire the exclusive worldwide rights to an enhanced version of a single engine Turbo-Prop industrial airplane from the subsidiary of the international aerospace company.

Dr. Russell had meetings with senior people from the international aerospace company including the Vice President of Sales, the Vice President of Marketing, the Manager of Industrial Cooperation, and the Head of Military Aircraft in Canada along with other responsibilities in North America.

Primarily, meetings were focused on the actions remaining to move forward to an agreement with the international aerospace company’s subsidiary.

Dr. Russell states, “the meetings went well, and based on the information gathered from these meetings and correspondence with the subsidiary, it appears that they could be ready in the next few weeks to move forward to the next steps required to closing a formal agreement.”

The international company has strong and compelling reasons to see their subsidiary and NSEL sign an agreement.  Doing so could improve the international company’s chances at winning certain multi-billion dollar aviation contracts in North America.

For further information about this news release contact,  Rich Kaiser, Investor Relations, Yes International, 757-306-6090, yes@yesinternational.com.

About Northstar Electronics, Inc.

Northstar Electronics, Inc. (OTCQB.NEIK) established in the late 1990’s carried out design and manufacturing contracts for various divisions of Lockheed Martin Corporation including LM MS2 (Submarine Command and Control Consoles), LM Canada (Naval Anti-Terrorism System), LM Aeronautics (Parts for P-3 Orion Airplane), and L-3 ( Navy Frigate Command and Control Consoles). Northstar also designed, manufactured, and sold its sonar-based system to commercial customers. Since the termination of the above contracts, Northstar has been seeking other strategic relationships,www.northstarelectronics.com.

Safe Harbor Statement:

This press release may include predictions, estimates, opinions or statements that might be considered “forward-looking” under the provisions of the Private Securities Litigation Reform Act of 1995. Such statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” or other, similar words or phrases.

Northstar Electronics Recap of Main Events of 2016

Virginia Beach, VA, Jan. 10, 2017 (GLOBE NEWSWIRE) — Northstar Electronics, Inc.(NEIK:OTCQB), the “Company”,  provides a Recap of the main events of 2016.

To summarize, the Company’s primary objectives for 2016 were two fold. One was to improve the Company’s standing as a publicly traded platform. The second was to make significant progress for the Company’s subsidiary, Northstar Sealand Enterprises Ltd. (NSEL), to secure the exclusive worldwide ownership rights to the enhanced version of a single engine Turbo-Prop industrial airplane owned by the subsidiary of a major international aerospace company. NSEL intends to manufacture, market and sell the airplane and also carry out Maintenance, Repair and Overhaul (MRO) services.

During the year, the Company achieved its goals of becoming current with its SEC filings and returning to the OTCQB trading platform, actions fundamental to the Company’s future success.

With respect to the acquisition of the rights to the airplane, significant progress was made on key matters. Agreement with the aerospace company subsidiary was reached during the year on the main technical issues. As well, strong progress was made on project scheduling and cost estimates.

At year’s end, NSEL and the aerospace company subsidiary signed a milestone Memorandum of Understanding (MOU). The MOU outlines the key actions and goals to be reached in order for both parties to implement their business plans going forward. The signing of this MOU is a major step which ultimately should lead to NSEL reaching its manufacturing and marketing objectives within a reasonable time frame.

GOALS FOR 2017

The Company’s goals for NSEL in 2017 are to finalize the acquisition of the exclusive worldwide rights to the Turbo Prop industrial airplane and initiate the transfer of the Type Certificate to NSEL, to initiate the establishment of first order technical support, to put in place a Supply Chain Management system, to initiate the marketing campaign and to secure the first sales orders for the airplane.

We will be approaching institutional investors and venture capital companies for the funding needed to grow the company. As well, we will explore funding opportunities through certain government support programs.

About Northstar Electronics, Inc.

Northstar was established in the late 1990’s. The Company has carried out design and manufacturing contracts for various divisions of Lockheed Martin Corporation including LM MS2 (Submarine Command and Control Consoles), LM Canada (Naval Anti-Terrorism System), LM Aeronautics (Parts for P-3 Orion Airplane), and L-3 ( Navy Frigate Command and Control Consoles). Northstar also designed, manufactured, and sold its own sonar-based system to commercial customers. Since termination of the above contracts Northstar has been seeking other strategic relationships

Safe Harbor Statement:

This press release may include predictions, estimates, opinions or statements that might be considered “forward-looking” under the provisions of the Private Securities Litigation Reform Act of 1995. Such statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” or other, similar words or phrases.

For further information about this news release contact:

Rich Kaiser, Investor Relations, Yes International, 757-306-6090, yes@yesinternational.com

NORTHSTAR ELECTRONICS, INC. SIGNS MEMORANDUM OF UNDERSTANDING WITH MAJOR AEROSPACE COMPANY

 Virginia Beach, VA– December 20, 2016- Northstar Electronics, Inc.,(OTCQB:NEIK), the “Company” is pleased to announce that it has signed a Memorandum of Understanding (MOU) with a subsidiary of a major international Aerospace Company.

Northstar Electronics’ subsidiary, Northstar Sealand Enterprises Ltd (NSEL), has the objective of acquiring the exclusive world-wide rights to an enhanced version of a single engine Turbo-Prop industrial airplane from the subsidiary of the international aerospace company.

NSEL would manufacture, market and sell the airplanes and also carry out Maintenance, Repair and Overhaul (MRO). The MOU outlines key actions and goals to be reached in order to implement this new business plan for the Company.

The signing of this MOU is a first step which ultimately should lead to NSEL reaching its manufacturing and marketing goals within a reasonable time period.  As part of the overall new focus of the Company, NSEL would also implement a strong marketing and sales campaign to maximize early orders for the new version of the airplane.

As more information becomes available and further developments occur between Northstar Electronics and the Aerospace Company, shareholders and other interested parties will be promptly notified on the progress in accordance with guidelines and requirements indicative for publicly traded companies.

For further information about this news release contact:

Rich Kaiser, Investor Relations, Yes International, 757-306-6090, yes@yesinternational.com

 

About Northstar Electronics, Inc.

Northstar was established in the late 1990’s. The Company has carried out design and manufacturing contracts for various divisions of Lockheed Martin Corporation including LM MS2 (Submarine Command and Control Consoles), LM Canada (Naval Anti-Terrorism System), LM Aeronautics (Parts for P-3 Orion Airplane), and L-3 ( Navy Frigate Command and Control Consoles). Northstar also designed, manufactured, and sold its own sonar-based system to commercial customers. Since termination of the above contracts Northstar has been seeking other strategic relationships

Safe Harbor Statement:

This press release may include predictions, estimates, opinions or statements that might be considered “forward-looking” under the provisions of the Private Securities Litigation Reform Act of 1995. Such statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” or other, similar words or phrases.

Northstar Electronics, Inc. Up-Listed Trading on to OTCQB

Virginia Beach, VA, July 15, 2016 (GLOBE NEWSWIRE) — Northstar Electronics, Inc. (OTC PINK: NEIK) a system development company, working primarily in the aviation, defense, and marine industries is pleased to announce that, effective today, the Company’s stock has been approved for up-listing to the OTCQB trading platform. The Company would like to thank OTC Market Groups compliance department and management for its assistance and cooperation during this transition.

The Company’s management believes that the up-listing to the OTCQB trading platform is an important event in that there will be greater market exposure as the Company moves forward with its anticipated business growth.  Also, we expect that, through the OTCQB listing, the Company will have access to status boosting upgrades.

For Investor Relations, please contact Rich Kaiser, YES INTERNATIONAL, 757-306-6090 and yes@yesinternational.com

About Northstar Electronics, Inc.

Northstar was established in the late 1990’s. The Company has carried out design and manufacturing contracts for various divisions of Lockheed Martin Corp., including LM MS2 (Submarine Command and Control Consoles), LM Canada (Naval Anti-Terrorism System), LM Aeronautics (Mechanical parts for the P-3 Orion Airplane), and L-3 (Navy Frigate Command and Control Consoles). Northstar also designed, manufactured, and sold its own sonar-based system to commercial customers.

In the past few years, we have worked towards re-establishing the company in the key areas in which it has excelled in the past and, thereby, to grow the company bigger and stronger than it was previously. To that end, we have brought together a team of world-class professionals who are fully dedicated to Northstar’s success.

Website (under construction at this time):www.northstarelectronics.com.

Safe Harbor Statement:

This press release may include predictions, estimates, opinions or statements that might be considered “forward-looking” under the provisions of the Private Securities Litigation Reform Act of 1995. Such statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” or other, similar words or phrases.