SCIENCE

Northstar Electronics announced that its wholly owned subsidiary, Northstar Network has been awarded additional contract work on the Canadian Halifax Class, Frigate Upgrade Program from L-3 MAPPS /quotes/zigman/218529/quotes/nls/lll LLL +2.74% totaling US$450,000.

The new work is part of L-3's Integrated Platform Management System and specifically relates to additional control panels for engine room and landing craft deck areas as well as other machinery control facilities. A similar project increase is anticipated shortly for associated equipment connection installations associated with the supply of control consoles throughout the ship.

In June, the Company completed a private placement in a unit offering with a unit comprised of a common share and a half warrant. A full warrant is exercisable within a three year term.

Dr Wilson Russell, Northstar's CEO, says, "The Company continues progress with its contract with L-3. We expect new contracts shortly from other sources and we expect to expand our contract base over the next 6-12 months with both existing and new customers in the defense and aerospace areas. We expect to raise additional capital over the next few months in support of these business prospects."