Mr. Randy Koroll reports
STAR NAVIGATION ANNOUNCES CORRECTION TO PRESS RELEASE OF OCTOBER 3, 2025
Star Navigation Systems Group Ltd. has corrected its Oct. 3, 2025, press release in which it announced that it had signed a memorandum of understanding with Hydrotor Technologies Inc.
The company that the MOU was signed with is actually Aquagreen Energy Systems Inc., which owns and has developed the Hydrotor Technologies concept -- a next-generation magnetofluidic renewable power system designed for scalable, clean and continuous energy generation.
Star apologizes for any confusion that this may have caused investors.
About Aquagreen Energy Systems Inc.
Hydrotor is a clean energy firm that is recognized for its development of a magnetofluidic generator that operates continuously. The system is capable of producing between 25 kilowatts and 1,000 kilowatts per unit. It has been demonstrated for over 3-1/2 years.
About Star Navigation Systems Group Ltd.
Star manufactures the inflight safety monitoring system, STAR-ISMS, the heart of the Star-ADS system. The Star-ADS system has real-time capability of tracking performance trends and predicting incident occurrences, which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMI division (military and defence) designs and manufactures high performance, mission-critical, flight deck flat panel displays for defence and commercial aviation industries worldwide.
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