InvestorsHub Logo

Pat

04/01/19 1:25 PM

#8497 RE: Krony #8496

I wouldn't worry about his non-responsiveness in the last couple of weeks. I'd be more concerned about the non-responsiveness of his partner in the negotiations for the last couple of years.


Pat

mdimport

04/01/19 3:43 PM

#8498 RE: Krony #8496

$NEIK intends to build systems to mount on a single engine Turbo Prop airplane with industrial applications.

So first they need to obtain the rights to manufacture and market the airplane internationally and provide MRO services.

The narrative doesn't state whether the airframe is in production, or ceased production. In any event, there aren't that many aircraft which meet this spec: Rapid Response Forest Fire Fighting and Agriculture Crop Dusting.

This is probably most of the short list of airframe manufacturers, all of which are international from a Canadian perspective:
- Air Tractor AT-802
- Allied Ag-Cat Productions Inc. G-164 Ag Cat
- Cessna A188B-300 AGtruck
- GippsAero iGA200 Fatman
- Kruk (owned by EADS) PZL-106
- Pacific Aerospace PAC Cresco 08-600
- Embraer EMB 202 Ipanema
- Thrush Aircraft 510G

I guess some of these can be cut from the list almost immediately to narrow down likely manufacturers.

+++

"... We intend to build our own systems in the civilian aviation sector. We believe that this affords improved control over the business outcomes compared to the contract manufacturing business.

The Company is working to obtain worldwide rights to a single engine Turbo Prop airplane with industrial applications. If successful, we intend to manufacture and market the airplane internationally and provide Maintenance, Repair and Overhaul (MRO) services in close proximity to customers. The Company’s wholly owned subsidiary, National Five Holding Ltd, is a 60% shareholder of Northstar Sealand Enterprises Ltd (NSEL). NSEL, has experience in working on certified commercial aircraft and government military contracts, and has access to an established aircraft assembly and parts manufacturing facility.


Airplane Applications

The airplanes are designed to carry out Rapid Response Forest Fire Fighting and Agriculture Crop Dusting. We are looking into other applications including Cloud Seeding.
..."

https://ih.advfn.com/stock-market/USOTC/northstar-electronics-inc-qb-NEIK/stock-news/79597164/annual-report-10-k