NORSAT ACQUIRES WIMAX SOLUTION PROVIDER
VANCOUVER, CANADA April 22, 2009 – Norsat International Inc. ("Norsat") (TSX – NII.TO; OTC BB – NSATF.OB) announced today that it has acquired Ireland-based Bluemoon 4G Ltd. (“Bluemoon”), a provider of WiMAX solutions. Norsat will purchase a 100% stake in Bluemoon for five million (5,000,000) Norsat common shares. The all-stock transaction allows Norsat to complement its’ product portfolio with the addition of a comprehensive end-to-end turnkey WiMAX solution. “With the acquisition of Bluemoon, we accelerate our entry into the WiMAX market and expand our geographic reach into markets in emerging countries,” said Dr. Amiee Chan. “We believe this acquisition is aligned with our strategic diversification into the commercial sector and will deliver long term growth and increase Norsat’s profitability.” Bluemoon is a privately held company whose flagship product WiMAX-in-a-Box has both commercial and military applications and is easily scalable from as little as 10,000 subscribers. The product is extremely well suited to rapid deployment in markets lacking extensive communications infrastructure. Aside from Bluemoon’s technical expertise in WiMAX, the company has successfully gained sales traction in rural markets such as Africa and South East Asia. About Norsat International Inc. For further information, contact: Forward Looking Statements This information should be read in conjunction with Norsat's audited consolidated financial statements and related notes included therein for the period ended December 31, 2008, and the Management Discussion and Analysis for the period ended December 31, 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 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
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or by phone, 1-604-821-2808.
Dr. Amiee Chan
President & CEO
Tel: 604 821-2808
Email:
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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.