SOURCE: Northstar Electronics, Inc.
January 29, 2010 10:15 ET
Northstar Electronics, Inc. (NEIK) Receives Contract Add-On From L-3
VANCOUVER, BC--(Marketwire - January 29, 2010) - Northstar Electronics, Inc. (OTCBB: NEIK)
announces that its wholly owned subsidiary, Northstar Network Ltd. (NNL),
has received an add-on to the US$2.5 million contract previously awarded by
L-3 Communications MAPPS Inc.
(L-3 MAPPS) to build consoles for the Canadian Navy's Halifax Class Frigate
Upgrade Program. The original contract, awarded in March 2009, was to
manufacture 66 Standard Marine Consoles and 60 Local Operating Panels as
part of its Integrated Platform
Management System (IPMS). It was increased to provide Training
Simulators in September 2009 and presently is increased to provide
additional engineering and console component production. The awarded
contract value is now US$3.10 million.
Terry Mcleod, Northstar's VP, Planning & Development, says, "L-3 MAPPS
continues to see growth in these upgrade and refurbishment programs, with
their IPMS systems presently installed with 18 navies around the world.
Northstar is pleased to be a part of the L-3 MAPPS team and we look forward
to expanded business in this area in the future."
For further information contact Rich Kaiser, Investor Relations, YES
INTERNATIONAL, yes@yesinternational.com, #800-631-8127 and/or Beverly
Jedynak, Media Relations, Martin Janis & Co, Inc.,
b.jedynak-janispr@att.net, (312) 943-1000 Ext. 12.
About Northstar Electronics, Inc.
Northstar Electronics, through its subsidiary, Northstar Network Ltd.,
provides engineering, prototyping and production services to the defense
and Homeland Security industries. www.northstarelectronics.com
About L-3 MAPPS
L-3 MAPPS, a division of L-3 Marine & Power Systems group, has over 25
years of experience in pioneering technological advances in the marine
automation field and over 35 years of experience in delivering
high-fidelity power plant simulation to leading utilities worldwide. In
addition, the company has more than three decades of expertise in supplying
plant computer systems for Canadian heavy water reactors. L-3 MAPPS also
provides targeted controls and simulation solutions to the space sector.
The company is based in Montreal.
Safe Harbor: Included in release are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1993, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and is
subject to the safe harbor created by those sections. Although the Company
believes such expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations reflected in
such forward-looking statements will prove correct. The Company's actual
results could differ materially.