Northstar Electronics, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020

Northstar Electronics, Inc. is a holding company, which is engaged in doing research and development on single-engine aircraft for business use. The Company is developing operational knowledge of a particular industrial single-engine Turbo Prop airplane, conducting research into supply chain management systems applicable to this project, carrying out market research in different geographical areas, in conducting research into the procedures to obtain the Type Certificate for the airplane and in developing the ways to carry out the production of the airplane, as well as strategies to acquire systems and technologies. Its business activities are conducted in Canada. The Company's subsidiary, National Five Holding Ltd, holds an interest in Northstar Sealand Enterprises Ltd.