Star Navigation Enters into a Memorandum of Understanding with Hydrotor Technologies Inc.
October 03, 2025 1:27 PM EDT | Source: Star Navigation Systems Group Ltd.
Brampton, Ontario--(Newsfile Corp. - October 3, 2025) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce that it has entered into a formal Memorandum of Understanding ("MOU"), from Hydrotor Technologies Inc. ("Hydrotor"), a clean energy innovation company that has developed new groundbreaking power renewable alternative energy products.
Hydrotor has pioneered a safe, cost-effective, and eco-friendly alternative to traditional power generation. Through this MOU, Star and Hydrotor will explore opportunities to combine Star's advanced live performance data analytics, diagnostics, and system intelligence with Hydrotor's renewable generators, enhancing monitoring and optimizing performance for energy supply solutions worldwide.
Importantly, this MOU represents the first step toward a potential binding commercial agreement. Both parties have agreed to work in good faith toward finalizing such an agreement, which would define product specifications, pricing, logistics, and satellite communication services. Until a definitive agreement is reached, the MOU establishes a framework for collaboration without constituting a completed commercial arrangement.
In parallel, Hydrotor is currently in advanced discussions with multiple business groups and government organizations across several countries in Asia, Europe and Africa regarding the sale and purchase of its generators. This demonstrates growing global interest in Hydrotor's technology as countries seek sustainable solutions to solve the following issues that many countries face:
- Surging Electricity Demand:
Strong growth in global electricity demand is expected in 2025 and 2026, driven by factors like rising industrial use, growing numbers of appliances, increased air conditioning, and the massive expansion of data centers.
- Renewable Energy Growth:
Investment in renewables has reached record levels, with solar and battery storage technologies seeing significant capital inflows.
- Aging Grid Infrastructure:
A critical challenge is the underinvestment in power grids, which need substantial upgrades to handle the expanding renewable supply and meet rising demand.
Mr. Randy Koroll, Director and CEO of Star, stated: "This MOU marks an important milestone. While it is not yet a finalized commercial agreement, it allows Star and Hydrotor to focus their efforts on structuring a binding arrangement and supporting Hydrotor in its global expansion. We see enormous potential for these generators, especially in regions struggling with energy shortages."
About Hydrotor Technologies Inc.:
Hydrotor is a clean energy firm that is recognized for its development of a magneto-fluidic generator that operates continuously without the need for fuel, batteries, or solar input. The system, is capable of producing between 25kW and 1000kW per unit. It has been successfully demonstrated for over three and a half years. See https://beaumierpierre.wixsite.com/ec-technology--resea/en
About Star Navigation:
Star Navigation Systems Group Ltd. manufactures the In-flight Safety Monitoring System, STAR-ISMS®, the heart of the STAR-A.D.S.® System. The STAR-A.D.S.® 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.
Forward-Looking Information
Certain statements in this news release may constitute "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that Star expects or anticipates may occur in the future.
When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends" "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements.
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Examples of such forward-looking information that may be contained in this news release include statements regarding; growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues.
Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners.
Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved.
Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Accordingly, readers should exercise caution in relying upon forward-looking statements and Star undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Please visit www.star-navigation.com or contact
Mr. Randy Koroll, CEO at 1-416-252-2889 #228 or randy.koroll@star-navigation.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269050