Star Navigation Announces Correction to Press Release of October 3, 2025

Rhea-AI Summary

Star Navigation Systems Group (SNAVF) issued a correction dated November 27, 2025 clarifying an earlier October 3, 2025 press release.

The company corrected the counterparty named in a reported Memorandum of Understanding: the MOU was signed with Aquagreen Energy Systems, which owns and developed the Hydrotor Technologies concept, not with Hydrotor Technologies Inc. Star apologized for any investor confusion.

Market Reality Check

Price: $0.0050 Vol: Volume 22,890 vs 20-day a...

low vol

$0.0050 Last Close

Volume Volume 22,890 vs 20-day average 90,493, indicating relatively light trading prior to this correction. low

Technical Shares at 0.00545, trading below the 200-day MA of 0.01 ahead of this clarification.

Peers on Argus

Within Industrials/Aerospace & Defense, peers showed mixed moves: XERI at -7.5%,...

Within Industrials/Aerospace & Defense, peers showed mixed moves: XERI at -7.5%, HLEO at +18.83%, while DEWY, ETCC, and TIKK were flat. This contrasts with SNAVF’s -14.81% move, suggesting stock-specific factors rather than a broad sector trend.

Historical Context

1 past event · Latest: Jul 09 (Neutral)

1 events

Date	Event	Sentiment	Move	Catalyst
Jul 09	Shares-for-debt financing	Neutral	-4.7%	Large shares-for-debt deal reduced liabilities while adding warrants.

Recent Company History

This announcement corrects the counterparty name in a prior Memorandum of Understanding, without introducing new financial terms. Earlier in the year, on Jul 9, 2025, Star Navigation completed a shares-for-debt transaction, issuing 121,570,000 units at $0.005 per unit to reduce debt by $607,850, with attached warrants exercisable at $0.05 for five years. That financing-related event coincided with a -4.71% move, whereas today’s release is primarily an administrative clarification.

Market Pulse Summary

This announcement clarified that the October 3, 2025 MOU was actually signed with Aquagreen Energy S...

Analysis

This announcement clarified that the October 3, 2025 MOU was actually signed with Aquagreen Energy Systems Inc., which owns the Hydrotor Technologies concept, rather than the previously named entity. No new financial terms or operational changes were introduced. Investors may compare this to prior capital-structure actions, such as the Jul 2025 shares-for-debt transaction, and monitor future updates on the MOU’s progress, commercialization steps for the magneto-fluidic renewable power system, and any related financing needs.

Key Terms

memorandum of understanding, mou, magneto-fluidic, renewable power system

4 terms

memorandum of understanding financial

"it had signed a Memorandum of Understanding ("MOU") with Hydrotor"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

mou financial

"it had signed a Memorandum of Understanding ("MOU") with Hydrotor"

A memorandum of understanding (MOU) is a written agreement that outlines the basic terms and shared intentions between parties before a formal contract is drawn up. Think of it as a detailed handshake that signals commitment to work together; for investors it matters because an MOU can indicate a likely future deal, partnership or transaction that could affect a company’s strategy, revenues or risks, even though it often lacks full legal force.

magneto-fluidic technical

"a next-generation magneto-fluidic renewable power system designed"

Magneto-fluidic describes technologies that move or control liquids using magnetic fields and magnetic particles, often at very small scales like lab-on-a-chip devices. For investors, it signals a way to build faster, cheaper and more compact diagnostic or manufacturing tools by replacing pumps and valves with magnetic control—think steering tiny beads through a maze with a magnet instead of plumbing—potentially lowering costs and enabling new products.

renewable power system technical

"magneto-fluidic renewable power system designed for scalable, clean"

A renewable power system is a collection of equipment and controls that generates electricity from naturally replenished sources like sunlight, wind, water flow or earth heat — for example solar panels, wind turbines, batteries and the electronics that connect them to the grid. Investors care because these systems shift energy production away from fuel costs toward upfront investment and predictable long-term revenue (think planting an orchard: large initial cost, then steady harvest), while being sensitive to policy, weather variability and maintenance risks.

AI-generated analysis. Not financial advice.

Brampton, Ontario--(Newsfile Corp. - November 27, 2025) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") wishes to announce a correction to its October 3, 2025 press release in which it announced that it had signed a Memorandum of Understanding ("MOU") with Hydrotor Technologies Inc.

The Company that the MOU was signed with is actually Aquagreen Energy Systems Inc. ("Aquagreen"), which owns and has developed the "Hydrotor Technologies" concept — a next-generation magneto-fluidic 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 magneto-fluidic generator that operates continuously. 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 Systems Group Ltd.:

Star 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.

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/276215

FAQ

What did Star Navigation (SNAVF) correct on November 27, 2025?

Star corrected the October 3, 2025 release to state the MOU counterparty is Aquagreen Energy Systems, not Hydrotor Technologies Inc.

Which company actually owns the Hydrotor Technologies concept mentioned by Star Navigation?

Aquagreen Energy Systems is identified as the owner and developer of the Hydrotor Technologies concept.

Does the November 27, 2025 correction change the existence of the MOU announced October 3, 2025?

No; the correction only clarifies the identity of the counterparty for the previously announced MOU.

What tickers are associated with Star Navigation as noted in the correction?

The correction references Star Navigation as trading on the CSE under SNA and SNA.CN and the release lists the symbol SNAVF.

What technology is described in the corrected announcement by Star Navigation?

The announcement describes Hydrotor Technologies as a next-generation magneto-fluidic renewable power system for scalable, continuous energy generation.