VIRGINIA BEACH, Va., Aug. 15, 2018 (GLOBE NEWSWIRE) -- Northstar Electronics, Inc. (OTCQB: NEIK) proceeds with its expansion from being an aerospace contract manufacturer to becoming an “Original Equipment Manufacturer” (OEM) with its own products. NEIK made significant headway in the purchase of the worldwide rights to a single engine “Turbo Prop” airplane from a major overseas aerospace company. The Company’s management anticipates making a deal with the owners of the airplane in short-order.
The airplane underwent many new design features which should put it at the forefront in its class. NEIK foresees a large market for the two variants of the airplane, one for “Agriculture Crop Spraying,” the other for “Rapid Response Forest Fire Fighting.” Management also plans to expand into “Cloud Seeding,” a rapidly growing business. While the negotiations continue, management plans to secure pre-sales of the airplane, specifically in areas where a former version of the airplane was highly regarded.
Northstar Sealand Enterprises, Ltd., (NSEL), a subsidiary of NEIK, put together a stellar team of professionals. Below, the Company shares a snapshot of their expertise with shareholders and other interested parties:
Wilson Russell, President and CEO: Dr. Russell, a senior corporate executive, has extensive experience in securing investment and developing business opportunities, including partnerships with Bell Canada, Lockheed Martin, Krupp Atlas Elektronik, and Fluor Daniel.
William J. Alder, Special Advisor: Mr. Alder is the owner of the Sealand Group and brings more than 40 years of aviation experience. As an advisor for NSEL, his contribution and expertise will be highly significant to ensure the success of the challenges ahead for the company.
Jeff Fry, VP, Manager – Operations and Engineering: Mr. Fry is a Professional Engineer with over 20 years managing projects for aviation and defense with companies like Lockheed Martin, L-3 Communications, and the International Space Station (private/NASA partnership).
Stewart Gibson, Manager – Contracts, Supply Chain and Logistics: Mr. Gibson is a Project Management professional, who has managed successful production contracts for Lockheed Martin and L-3 Communications, also served as a QA/CM Manager on a number of international programs.
Robert Patterson, Manager – Marketing and Sales: Mr. Patterson is a former consultant with over 35 years of experience across many diverse aviation-related industries. Mr. Patterson brings to NSEL his 25+ years’ experience providing extensive marketing and sales services to Murphy Aircraft, including international representation.
Piers Van Ziffle, Comptroller: Mr. Van Ziffle is an experienced Comptroller with over 40 years’ experience in finance and accounting with both private and public companies, having been a member of the Canadian Institute of Chartered Accountants from 1977 to 1990, and has practised accounting as a self-employed sub contractor to many companies to date.
Alberto Jurjo, Director – Business Development: Mr. Jurjo is an Aerospace Engineer with 13+ years’ experience in aviation. Alberto has held senior commercial roles with Airbus and Bombardier, having a clear focus and expertise on the commercial, marketing and business development activities.
Nigel Waterhouse, Consultant – DAR Services: Mr. Waterhouse is an Aeronautical Engineer, with an extensive expertise as a Transport Canada Design Approval Representative. He is also an EASA Compliance Verification and an Aircraft Certification engineer, as well as an ICAO Field Project expert.
Tom Serjeant, Consultant – Sales South Africa: Mr. Serjeant brings 40 years of aviation experience as a pilot and as a business developer, being also a professional in aircraft sales. With his extensive experience in the African region, Mr. Serjeant will ensure the success of NSEL’s expansion into that territory.
Robert Gosse, Consultant – Government Relations: Mr. Gosse is a seasoned executive with over 30 years of management experience in diverse aspects of the aviation industry, in both the public and the private sectors. He brings to NSEL his proven track record of achieving strategic business objectives.
Howard Nash, Consultant – Corporate Relationships: Mr. Nash is a senior executive who brings 30 years of experience and a proven track record in business development and supply chain management. He has secured high value contracts with several divisions of Lockheed Martin, L-3, and others.
With this team, NEIK and its subsidiary, NSEL, believe they have the ingredients to establish themselves as a strong player in the “Turbo Prop” aviation world.
For more details about the stellar team of highly acclaimed professionals at Northstar Electronics and its subsidiary, Northstar Sealand Enterprises, Ltd., read more about the team on the Company’s website, http://www.northstarelectronics.com/team.html.
For further information about this news release contact, Rich Kaiser, Investor Relations, YES INTERNATIONAL, 757-306-6090, and 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. In the past few years, 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.
Contact: Rich Kaiser, Investor Relations, YES INTERNATIONAL, 757-306-6090