VANCOUVER, BC -- Northstar Electronics reported a three-month net loss of $366,859, down from a net loss of $288,009 a year ago.

September quarter sales were $528,520, down 39.6% from 2009.

The increase in the loss resulted from a temporary shortage of working capital during the period, which created delays in production. Subsequent to the quarter the company secured the first of several financings in support of its production workload, and normal production levels are now being exceeded, the firm said.

Dr. Wilson Russell, Northstar's CEO, said, "ThecCompany has taken solid steps to ensure sufficient funding and staffing, and added supplier support will be in place to take on the many prospective projects being pursued at this time."

Northstar is an EMS and ODM specializing in aerospace products.