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Northstar Electronics, Inc. (NEIK) Prepares for Start of Final Agreement Negotiations With Major Aerospace Manufacturer

VIRGINIA BEACH, Va., Aug. 09, 2017 (GLOBE NEWSWIRE) -- Northstar Electronics, Inc. (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 in the industry.

On sign-off of the agreement, NSEL plans to initiate the actions leading to manufacturing the...