VANCOUVER, British Columbia -- Northstar Electronics, which provides sonar technology for defense and commercial applications, reported 2004 revenues of $1.46 million , down from $1.64 million 2003.

The loss was $831,541 versus a loss of $693,145 in 2003.

Sales were below expectations because of delays in homeland security and defense contracts, the company said in a press release.

Northstar Electronics, and its wholly owned subsidiaries, Northstar Technical Inc. and Northstar Network Ltd., specializes in advanced sonar technology, systems integration and electronics contract manufacturing.

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