Brampton, Ontario--(Newsfile Corp. - March 9, 2026) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE:SNA.CN) ("Star" or the "Company") is pleased to announce the successful completion of on-site prototype testing conducted between February 8 and February 11, 2026, in collaboration with Aquagreen Energy Systems Inc. ("Aquagreen"), marking an important milestone in Star's expansion into the renewable-energy sector.
During the testing period, Star and Aquagreen's engineering teams integrated and evaluated Star's initial monitoring and diagnostics prototype on Aquagreen's Hydrotor-based generator systems. The prototype performed as designed and was successfully tested to the satisfaction of the Aquagreen technical team. The joint testing validated system compatibility and confirmed the feasibility of integrating Star's monitoring and intelligence platform into Aquagreen's commercial energy systems.
Aquagreen has also completed development of a minimum viable product ("MVP") of its Hydrotor-based generator platform and has obtained the required system certification. With this certification in place, the generator platform is positioned to move toward commercial deployment.
As Aquagreen proceeds with the build-out of its first commercial generator units planned for launch in Toronto, Canada, Star will advance development of its next-generation OEM prototype. This enhanced module is intended to become an integral component of each Hydrotor-based generator deployed globally, providing real-time performance tracking, diagnostics, and system intelligence capabilities.
This collaboration represents a significant strategic step for Star as it establishes a new non-aviation vertical focused on renewable energy infrastructure. By leveraging its core expertise in monitoring, analytics, and system intelligence, Star is positioning its technology for application in scalable clean-energy platforms with near-term commercialization potential.
While the renewable-energy initiative is in its early commercialization phase, management believes the opportunity could represent a meaningful long-term growth avenue. Future deployments will be subject to commercial agreements, production timelines, and market adoption.
The companies will continue with joint engineering and commercialization efforts as they prepare for broader market introduction of the integrated solution.
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.
Forward-looking statements reflect the current expectations and beliefs of Star's management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of Star or the industry may be materially different from those implied by such forward-looking statements.
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
SOURCE: Star Navigation Systems Group Ltd.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287749
Source: Star Navigation Systems Group Ltd.
