- Star Navigation Systems Group Ltd. (CSE: SNA) receives a Letter of Interest (LOI) for integrating technology into next-gen power systems.
- The clean energy partner develops a fuel-free magneto-fluidic generator, producing 25kW to 1000kW of power.
- Both companies are working towards a Memorandum of Understanding (MOU) for a potential commercial agreement.
Star Navigation Systems Group Ltd. (CSE: SNA) has entered discussions aimed at a strategic collaboration with an undisclosed company in the clean energy sector. This follows the receipt of a Letter of Interest (LOI) to potentially integrate Star's real-time performance monitoring technology into new power generation systems.
The clean energy firm is developing a magneto-fluidic generator capable of producing between 25kW and 1000kW of power. Uniquely, this generator functions without the need for traditional fuel sources, batteries, or solar input. Over the past 3.5 years, this groundbreaking technology has been successfully demonstrated and is now in the homologation and pre-commercialization phase.
This potential agreement represents a strategic shift for Star Navigation, traditionally focused on the aviation industry. The company is targeting a quicker commercialization timeline and aims to tap into new recurring revenue streams. The strategic expansion into clean energy aligns with Star's broader ambition to diversify its technological applications.
The next steps in this partnership are directed towards formalizing a Memorandum of Understanding (MOU), setting the stage for a full-fledged commercial agreement. This collaboration could signify a major leap for Star Navigation into the clean energy vertical, potentially offering scalable impact across multiple sectors globally.
