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[New York, USA – March 31, 2025] — Starfleet Innotech, Inc. (OTC:SFIO), is pleased to provide shareholders with exciting updates that underscore the company’s commitment to maximizing shareholder value while achieving strategic milestones across its divisions.
Annual Report for Fiscal Year 2024 Published
Starfleet announces the publication of its annual report for the fiscal year ending 31 December 2024. The report highlights the successful completion of a major corporate restructuring, positioning the company to sharpen its focus on two key areas of growth: real estate and energy. Emphasis has been placed on completing existing projects, such as the Heroes Lane development, and capitalizing on high-impact opportunities within these sectors, setting a strong foundation for sustained profitability. Shareholders are encouraged to review the report for a comprehensive overview of the company's performance and vision for the future.
Strategic Share Conversion Agreement with Bounce Mobile Systems, Inc. (BNCM)
On 13 March 2025, Starfleet and Bounce Mobile Systems, Inc. (BNCM) agreed to convert 104 million common shares owned by BNCM in Starfleet into Series B Preferred Shares. These preferred shares will remain restricted for a minimum of two years. This strategic move reflects Starfleet's unwavering commitment to enhancing shareholder value and fortifying corporate relationships. The conversion process is already underway, signalling a strengthened foundation for long-term growth and stability.
Progress in Energy Division and EV Strategy
Building upon Starfleet's press release dated 30 October 2023, the company is proud to share significant advancements in its energy division, particularly in the realm of electric vehicles (EV) for public transport.
Initial efforts included comprehensive feasibility studies, market research, and customer engagement to identify effective approaches for deploying EV solutions. These studies have paved the way for a newly restructured business model and the appointment of industry-leading local executives in the Philippines, pioneers of the country's EV landscape.
Further cementing its position in the EV space, Starfleet EV's CEO undertook a strategic visit to key suppliers and partners in China on 18 March 2025. The trip resulted in securing critical partnerships with electric vehicle and charger manufacturers.
In a pivotal move, Starfleet EV Philippines signed a Memorandum of Agreement with Kimsharain (KSR) Auto Body Builder Corporation. As a new subsidiary of Starfleet, KSR will play a vital role in the company’s efforts to roll out electric vehicles and EV chargers across the Philippines. Having a local partner that assembles vehicles domestically provides significant advantages, including affordability and design flexibility to meet market needs.
In addition, selected EV demo units, including E-Taxis and E-Utility Vehicles, are expected to be delivered to Starfleet EV in the Philippines soon, marking a significant milestone in Starfleet's rollout plans. These deliveries align with the first orders of E-Taxis in Q2 and demonstrate the company's proactive approach to testing and adapting solutions to local demands.
Starfleet’s integrated approach encompasses importing, distributing, and locally assembling EVs, alongside a comprehensive rollout strategy for EV chargers. This is complemented by the development of an innovative mobile application by Starfleet's IT subsidiary, LNS+, ensuring a seamless and efficient user experience.
Starfleet Innotech remains steadfast in its mission to drive value for its shareholders while making meaningful contributions to real estate, energy, and sustainable transportation solutions.
About Starfleet Innotech, Inc.
Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovation through disruptive collaborations across its four key industries: Food and Beverage (F&B), Real Estate, Technology and Energy. With a strong presence across New Zealand, Australia, the United Arab Emirates, the United States, and the Philippines, SFIO makes strategic investments in high-growth businesses, building synergies across its diverse portfolio to provide maximum shareholder value. Guided by tradition, driven by innovation, and enabled by collaboration—SFIO is on a hyper-growth path to build a thriving global business ecosystem, shaping the futures of its core industries.
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Starfleet Innotech, Inc.
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FORWARD-LOOKING STATEMENTS
The statements contained herein may contain certain forward-looking statements relating to Starfleet Innotech, Inc. "Starfleet" that are based on the beliefs of Starfleet as well as assumptions made by and information currently available to Starfleet's management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to Starfleet's business prospects, future developments, trends and conditions in the industry and geographical markets in which Starfleet operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, capital expenditures, overall market trends, risk management and exchange rates.
When used herein, the words "anticipate", "believe", "could", "estimate", "expect", "going forward", "intend", "may", "ought to", "plan", "project", "seek", "should", "will", "would" and similar expressions, as they relate to Starfleet or Starfleet's management, are intended to identify forward-looking statements. These forward-looking statements reflect Starfleet’s views at the time such statement was made with respect to future events and are not a guarantee of future performance or developments. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward-looking statements as a result of a number of factors, including any changes in the laws, rules and regulations relating to any aspects of Starfleet's business operations, general economic, market and business conditions, including capital market developments, changes or volatility in interest rates, foreign exchange rates, equity prices or other rates or prices, the actions and developments of the Starfleet's competitors and the effects of competition in the food manufacturer and service sector , technology applications and components, and real estate development. Sales and property management on the demand for, and price of, Starfleet's products and services, various business opportunities that Starfleet may or may not pursue, changes in population growth and other demographic trends, including mortality, pandemics, morbidity and longevity rates, persistency levels, Starfleet's ability to identify, measure, monitor and control risks in Starfleet's business, including its ability to manage and adapt its overall risk profile and risk management practices, its ability to properly price its products and services, including property development capital expenditures and establish reserves for future policy benefits and claims, seasonal fluctuations and factors beyond the Starfleet's control. Subject to the requirements of the Listing Rules, Starfleet does not intend to update or otherwise revise such forward-looking statements, whether as a result of new information, future events or otherwise. As a result of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein might not occur in the way Starfleet expects, or at all. Accordingly, you should not place reliance on any forward-looking information or statements. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.
