Northstar Electronics, Inc. (OTC TRADING SYMBOL: NEIK)
Northstar Electronics, Inc., along with Sealand Aviation Ltd., has created a jointly owned company, Northstar Sealand Enterprises Ltd. The new company was set up to pursue opportunities in the aviation business, specifically to assemble, certify, manufacture, service, repair, overhaul, market and sell modern turboprop one engine commercial airplanes under license from an original equipment manufacturer.
The company is incorporated in Canada and located in Vancouver, British Columbia. Northstar Electronics,Inc. owns sixty percent (60%) of the shares in the new company and SealandAviation Ltd. owns forty percent (40%) of the shares.
Northstar Electronics, Inc. (“Company”) is currently working on a potential arrangement with a subsidiary of an European aerospace company to assemble, co-manufacture and market a single engine turbo-prop airplane for commercial applications. To support these endeavours, the Company is attempting to raise funds through a private placement.
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.
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 range.
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.
Northstar 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 projects.
Northstar Electronics, Inc.
2020 General Booth Boulevard
Phone: (647) 286-4594
- Northstar Electronics, Inc. (NEIK) Expects to File Its Annual Form 10-K During the Extension Period
- Northstar Electronics, Inc. Announces Quarterly Updates through Shareholder Interactive Calls
- Northstar Electronics, Inc. (NEIK) Becomes a Current Reporting Issuer with Its US SEC Filings; Preparing To Up-List to the OTCQB
- Evaluating Variations in Equity Market Trading -- Complementary Research on Medical Marijuana, Northstar Electronics, Detour Gold and Altius Minerals
- Northstar Electronics, Inc. (NEIK) Begins Filing Reports to Become Current with U.S. SEC, Provides Business Update
Northstar Electronics, Inc. (NEIK) has a staff of experienced professionals and consultants.
These individuals have a broad range of aerospace, aeronautical and industrial experience
in the area of engineering, manufacturing and international sales, and have a long history
of building solid relationships with suppliers and top-tier clients.
Dr. Wilson Russell – President, NEIK – Dr. Russell has a Ph.D. in Engineering Physics. He has
a lengthy track record in industry as a business developer, project manager, corporate executive,
inventor and innovator. He has senior experience in securing investment and developing business
opportunities in the aeronautics, defense, anti-terrorism, sonar, and offshore oil and gas sectors,
among others, and has successfully built and capitalized several companies to take advantage of
key opportunities, including partnerships or Joint Ventures with Bell Canada, Lockheed Martin,
Krupp Atlas Elektronik and Fluor Daniel, among others.
Operations Consultants – Aircraft Manufacturing – Northstar Sealand Enterprises Ltd. Division
Dr. Wilson Russell – President, Northstar Sealand Enterprises Ltd.
Operations and Engineering
Mr. Jeff Fry – Manager, Operations and Engineering – Mr. Fry is a Professional Mechanical Engineer
with over twenty years managing production projects and operations for aviation, defense and
government clients. He is also a seasoned Systems Design Engineer, with a focus on challenging
marine, aviation and manned-spaceflight environments. His notable Management roles include:
Operations/Engineering Lead for OEM production of structural kits for the P-3 Orion ASLEP
(under Lockheed Martin Aeronautics); Operations/Engineering Lead for naval console production
for the Halifax-class naval frigate fleet (under L-3 Comm); Project/Engineering Manager for a project
to co-develop sonar systems for covert naval threats (with Lockheed Martin Canada); and
Project/Deputy Program Manager & Engineering Lead on a program to develop a commercial
materials research facility for the International Space Station (private/NASA partnership).
Contracts, Supply Chain and Logistics
Mr. Stewart Gibson – Manager, Contracts, Supply Chain and Logistics – Mr. Gibson is a Program Management
professional with extensive experience with all phases of technical military and aviation projects, and
a long history of supervision and team leadership. He has a demonstrated talent to establish, manage
and expand business relationships and contracts, and has built diverse international and domestic
supplier networks. His Management roles include: Program/Supply Chain Manager for OEM
production of structural aircraft kits for the P-3 Orion ASLEP (under Lockheed Martin Aeronautics);
Program/Contracts/Supplier Manager for naval console production for the Halifax-class naval
frigate fleet (under L-3 Comm); and QA/CM Manager on a program to develop a commercial materials
research facility for the International Space Station (private/NASA partnership).
Marketing and Sales
Mr. Robert Patterson – Manager, Marketing and Sales – Mr. Patterson is a senior Management &
Systems Consultant with over 30 years experience. He has designed, programmed, installed and
supported financial and manufacturing systems across many diverse industries, ranging from
aircraft manufacturing to aluminum die casting and agricultural feed production. His company,
Patterson AeroSales, has provided a sales service for aircraft kits for over 25 years for Murphy
Aircraft Mfg. Ltd., expanding in 2008 to include all global sales and marketing for Murphy, building
and leading a team of international representatives.
He is a pilot, and has extensive experience selling aircraft to clients around over the world.
In the recent past, he has sold numerous kits of each of 8 different aircraft types to Spain, Japan,
France, Ukraine, and South Africa, as well as Canada and the USA.
Mr. Patterson brings to NSEL his expertise and long-established sales networks, and will lead
NSEL’s sales and marketing efforts as we commence aircraft sales activities worldwide. We have
been negotiating with additional agents for other markets, including Central American regions,
and plan to rapidly bring them into our sales team, under Mr. Patterson’s leadership.
Through our network of existing contacts, we also expect to offer additional sales opportunities
for other equipment manufacturers.
Financial and Accounting
Mr. Piers VanZiffle – Manager, Finance and Accounting
NSEL Business Consultants
We supplement our initial staff with a number of consultants, through NGAI, each with significant experience in the aviation industry,
one in marketing and sales, one with specialized processes, and the third in management and business development.
- Mr. Robert Gosse – Aerospace and Defense Consultant – Mr. Gosse is the former president of Canadian Helicopter Corporation (CHC)
Composites Ltd. CHC is the largest helicopter-operating company in the world, and is listed on the New York Stock Exchange.
- Mr. Howard Nash – Aerospace and Defense Consultant – Mr. Nash has extensive project management and company leadership
experience. He has been successful at securing and overseeing contracts from Lockheed Martin Aeronautics, among others.
- Mr. Tom Serjeant – Sales Consultant, Southern Africa – Mr. Serjeant has helped to design, test and sell aircraft such as the PL-12
Transavia Airtruk. He has worked as a marketing and sales representative for Siai Marchetti, selling the SF-260 aircraft to
military clients around the globe, as well as for Scottish Aviation, selling the B122 Bulldog to national air forces throughout
Africa. He has also had past dealings regarding the Wilga GA aircraft.