Company strengthens position as full service end-to-end solution provider
“These contract wins demonstrate our ability to leverage our core strengths as a satellite terminal provider to offer our customers a complete end-to-end solution,” said Dr.
Norsat’s hardware and service bundle will provide the Irish Defence Forces’ 400 troops, who will be part of a 3,700 member EU peacekeeping force, with all of the elements necessary to rapidly establish broadband communication in even the most remote areas of
Norsat recognized approximately half of the revenue from the contracts in the Company’s fourth quarter of fiscal 2007, with the remaining revenue to be recognized over the next twelve months. The DoD has the option to renew the services portion of the agreement after one year.
Kristen Dickson
Investor Relations
The Equicom Group
Tel: 416-815-0700 x 273
Email: kdickson@equicomgroup.com
Statements in this news release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Norsat’s public filings with securities regulatory authorities.
This information should be read in conjunction with Norsat’s unaudited interim consolidated financial statements and related notes included therein for the nine months ended September 30, 2007, and the Management Discussion and Analysis for the nine months ended September 30, 2007. All of the company’s financial statements are prepared in accordance with Canadian generally accepted accounting principles (Canadian GAAP). Additional information may be found at www.norsat.com.
