Archive for September, 2008

Norsat Awarded $600,000 in Satellite System Maintainance Contracts by the United States Department of Defense

Vancouver, Canada - September 23, 2008 - Norsat International Inc. (”Norsat”) (TSX - NII.TO; OTC BB - NSATF.OB), a leading provider of intelligent ground-based satellite solutions, announced today that its US subsidiary has signed satellite terminal maintenance contracts, totaling approximately $600,000, with the US Department of Defense (”DoD”). The contracts will be fulfilled within the current fiscal year. All amounts are expressed in US dollars unless otherwise stated.

“A fundamental strategic objective for Norsat is to expand the services component of our business, further strengthening our position as an end-to-end satellite systems solution provider,” said Dr. Amiee Chan, President and CEO, Norsat International Inc. “Working with the US DoD through these contracts provides us with key advantages, as we work to grow our relationship. We are able to better understand their needs and become further entrenched as a supplier.”

About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. The company’s portfolio of capabilities include: microwave components; fixed, transportable, ultra-portable, vehicle-mounted and maritime satellite systems; turnkey maritime navigation and communications systems; and end-to-end network services. Norsat is headquartered in Vancouver, Canada, with offices in Annapolis, Maryland; Lincoln, United Kingdom; Stockholm, Sweden; Monte Carlo, Monaco; Rome, Italy; and Daejeon, South Korea. Additional information is available at www.norsat.com, via email at investor@norsat.com or by phone at 1-604-821-2808.

For further information, contact:
Pervez Siddiqui
Vice President, Marketing
Tel: 604 821-2850
Email: psiddiqui@norsat.com

Kristen Dickson
The Equicom Group
Investor Relations
Tel: 416-815-0700 x 273
Email: kdickson@equicomgroup.com

Forward Looking Statements
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 audited consolidated financial statements and related notes included therein for the three months ended June 30th, 2008, and the Management Discussion and Analysis for the three months ended June 30th, 2008. 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.

###

Norsat Wins $5.5 Million US Department of Defense Contract

Vancouver, Canada – September 22nd, 2008 – Norsat International Inc. (“Norsat”) (TSX – NII.TO; OTC BB – NSATF.OB), a leading provider of intelligent ground-based satellite solutions, announced today that its US subsidiary has been awarded a $5.5 million contract by the US Department of Defense (“DoD”) to provide portable satellite terminals, ancillary equipment and associated implementation, training, and maintenance services. The contract will be fulfilled over the next six-months. All amounts are expressed in US dollars unless otherwise stated.

“This sizable contract win demonstrates our continued success in building our satellite systems business, and highlights our position as a key supplier to the US DoD,” said Dr. Amiee Chan, President and CEO, Norsat International Inc. “In 2008, we have added two product families to our suite of offering to date, expanding our reach into the maritime and vehicle mount satellite system markets. We believe as we leverage our technology expertise to further expand our portfolio of portable satellite systems, we will continue to grow our user base in the government and commercial industry sectors worldwide.”

About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. The company’s portfolio of capabilities include: microwave components; fixed, transportable, ultra-portable, vehicle-mounted and maritime satellite systems; turnkey maritime navigation and communications systems; and end-to-end network services. Norsat is headquartered in Vancouver, Canada, with offices in Annapolis, Maryland; Lincoln, United Kingdom; Stockholm, Sweden; Monte Carlo, Monaco; Rome, Italy; and Daejeon, South Korea. Additional information is available at www.norsat.com, via email at investor@norsat.com or by phone at 1-604-821-2808.

For further information, contact:
Pervez Siddiqui
Vice President, Marketing
Tel: 604 821-2850
Email: psiddiqui@norsat.com

Kristen Dickson
The Equicom Group
Investor Relations
Tel: 416-815-0700 x 273
Email: kdickson@equicomgroup.com

Forward Looking Statements
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 audited consolidated financial statements and related notes included therein for the three months ended June 30th, 2008, and the Management Discussion and Analysis for the three months ended June 30th, 2008. 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.

# # #

Norsat ITALIA s.r.l to Pursue Maritime Sector

Enzo de Villaris Appointed Executive General Manager

VANCOUVER, CANADA and ROME, ITALY, September 17, 2008 - Norsat International Inc. (”Norsat”) (TSX: NII and OTC BB: NSATF) today announced that it has established an Italian subsidiary, Norsat Italia s.r.l., to pursue opportunities in the maritime navigation, information systems and communications arena. This subsidiary will constitute a new business unit focused on the maritime sector. In a related move, the company announced the appointment of industry veteran Enzo de Villaris as the Executive General Manager of this new business unit.

“We believe the opportunities available to us in the maritime market are significant enough to warrant the establishment of a dedicated business unit,” said Dr. Amiee Chan, President and CEO, Norsat International. “Given that Europe is one of the world’s largest markets for maritime products, a local presence is a key competitive advantage in successfully executing our strategy. We expect that Enzo’s thirty-plus years of experience and knowledge of the European telecommunications industry will be invaluable in helping us make rapid inroads into the maritime terminal market.”

Enzo de Villaris is a well-renowned authority in the marine electronics industry. Most recently, he served as the General Manager for ITS Maritime and Satellite Services S.p.A., where he managed 100 employees and grew the organization’s revenues by 33% from 2007 to 2008. Prior to this position, Mr. de Villaris was the director of the radio maritime and satellite services group at Telecom Italia. He has also held progressively senior roles at Hewlett-Packard Italiana and Siemens Data. Mr. de Villaris holds a bachelors degree in electronics engineering from the University of Bologna.

For further information, contact:
Dr. Amiee Chan
President & CEO
Tel: 604 821-2808
Email: achan@norsat.com

Kristen Dickson
The Equicom Group
Investor Relations
Tel: 416-815-0700 x 273
Email: kdickson@equicomgroup.com

About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. Additional information is available at www.norsat.com. Further information is available through email at investor@norsat.com or by phone, 1-604-821-2808.

Forward Looking Statements
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 audited consolidated financial statements and related notes included therein for the three months ended June 30th, 2008, and the Management Discussion and Analysis for the three months ended June 30th, 2008. 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.

# # #

Norsat to Invest New Government of Canada Funds in Research and Development (R&D) Activities

Vancouver, British Columbia - September 11, 2008 - Norsat International Inc. (”Norsat”) (TSX: NII and OTC BB: NSATF), a leading provider of intelligent ground-based satellite solutions, announced today that it will use a new repayable investment from the federal government to invest in research and development (R&D) activities to accelerate its product development timeline.”One of our fundamental objectives is to drive organic growth by expanding our product portfolio,” said Dr. Amiee Chan, President and CEO of Norsat. “The support we have received through the federal government is instrumental in this initiative, as it enables us to cost-effectively complete the R&D necessary to further the technology leadership of our satellite systems and effectively expand into new industries such as terrestrial wireless communication. We will continue to work to introduce new satellite terminal solutions and complementary technologies and services that meet the diverse needs of government and commercial markets worldwide.”

Norsat’s R&D objectives will include: designing components that enable ground satellite systems to operate reliably over significant temperature ranges and in extreme environmental conditions; examining flat antenna technologies to increase satellite system portability; developing automatic integrated control consoles that make it easy for non-technical users to operate ground-based satellite equipment; and introducing new products for the wireless communication market that complement the company’s satellite system offerings.

Under the terms of the agreement, the $5.97 million repayable investment Norsat has received through the Strategic Aerospace and Defence Initiative (SADI) represents a portion of the company’s funding eligible R&D expenses over the next five years, which Norsat anticipates will total approximately $17.0 million. The repayment term is over a maximum period of 15 years and uses a royalty formula based on Norsat’s revenue growth.

About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent ground-based satellite solutions for high-speed data transmission. Additional information is available at www.norsat.com. Further information is available through email at investor@norsat.com or by phone, 1-604-821-2808.

For further information, contact:
Dr. Amiee Chan
President and CEO
Tel: 604-821-2808
Email: achan@norsat.com

Forward Looking Statements
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 consolidated financial statements and related notes included therein for the quarter ended June 30, 2008, and the Management Discussion and Analysis for the quarter ended June 30, 2008. 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.






© Copyright 2007 Norsat International Inc., All Rights Reserved | Terms of Use | Privacy Policy | Search | Sitemap | Contact Us