Supplier Selection Announced for Echotec 3D HD Sonar
12 Outubro 2012 - 9:00AM
Marketwired
Northstar Electronics, Inc. (OTCQB: NEIK) today announced that its
subsidiary, Echotec Sonar, has begun the Request For Information
(RFI) Process as part of vendor selection for production of its
sonar system hardware in preparation for the upcoming launch of the
3D High Definition Sonar System.
Requirements for each component have been developed using a
model-centric approach. Model-centric design is an approach that
puts 3D models at the center of the design. Computer Aided Design
(CAD) tools are used to create the model. Once completed, this
design model provides manufacturers with electronic design data
which directly programs the machines used to "cut the metal,"
provides Bills Of Materials (BOM's), assembly drawings, structural
analysis, and cost analysis, all from the same model database.
"One change to the model automatically updates all the elements
for manufacturing, so mistakes are a thing of the past," says
Phillip Johnson, CEO of Echotec Sonar, "and each system is
manufactured to identical tolerances. This process creates a
framework allowing engineers to help maximize their companies'
Return On Investment (ROI)."
"Our process ensures the highest quality parts at the best
possible prices," says Wilson Russell, CEO of Northstar
Electronics. "Echotec is developing what I believe will be an
industry leading product, and, with the leadership team we have put
in place, our imminent entry into the marketplace should be well
received."
Vendors will be selected for participation following the
assessment of their responses to the RFI.
In addition to the RFI process, Echotec will be documenting
their design and will submit the appropriate paperwork for design
protection within the marketplace. This may take the form of
trademarks and patents, adding to the repertoire already held by
Echotec founders. This will enable Echotec protected technology to
be licensed to other entities for the manufacture of comprehensive
security solutions, which include our sonar products or sonar
componentry. This potential revenue channel can grow as our
technology is adopted and becomes ubiquitous within the
marketplace.
Following the submission of this RFI, the company will issue
additional RFI for conditioning electronics and transmitter
electronics. The conditioning electronics, which ensure the highest
signal quality, are at final stages of design acceptance. The
transmitter electronics, which are responsible for sending sonar
signals over a distance, are at the prototype stage for testing
purposes along with the beam forming software, which is currently
in Alpha release and undergoing testing.
The company is still awaiting final approvals required for the
Northstar Network Limited (NNL) disposition, and we will announce
to the marketplace upon final sign-off. The closing is expected to
occur in approximately three weeks time.
About Echotec Sonar: Echotec Sonar Corporation is a wholly owned
subsidiary of Northstar Electronics, Inc. The founders have over
eighty combined man-years of expertise developing high frequency
sonar products within the defense and commercial industries.
Echotec Sonar is a world leader in this field through experience,
technical acumen, and a team diversity, which understands the needs
of many defense and commercial entities. http://www.echotec.ca
About Northstar: Northstar Electronics, Inc., is a holding
company with executive management specialized in design
engineering, defense, advanced systems, security, sonar, systems
integration, and prototyping fields. Northstar is actively pursuing
opportunities through acquisition, joint venture, or merger to
increase revenues and expand its base of subsidiaries.
http://www.northstarelectronics.com or via new phone number
604-558-1199.
Safe Harbor Statement This press release contains
forward-looking statements. These forward-looking statements are
based on the current plans and expectations of management and are
subject to a number of uncertainties and risks that could
significantly affect the company's current plans and expectations,
as well as its future results of operations and financial
condition. Such risks include, but are not limited to, the effects
of competition with existing enterprises and/or new entrants into
the company's markets and industries, fluctuations in currency
exchange rates, domestic and global economic conditions generally,
the company's ability to obtain financing and attract suitable
personnel where required to fully implement its business plan, the
adoption and acceptance by the marketplace of the company's
technologies and product and service offerings, the possibility of
new technologies that are competitive with the company's planned
product and service offerings and the effects of future political
and economic developments both in the United States and abroad,
among others. The company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of information, future events or otherwise.
For further information contact Rich Kaiser Investor Relations
YES INTERNATIONAL yes@yesinternational.com 800-631-8127
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