Tuesday, February 10th marks a momentous day as Norsat International’s common stock started trading on the NYSE MKT under the ticker symbol NSAT. The NYSE is a prestigious institution and listing on the NYSE MKT was a critical step in our financial journey as it will allow Norsat to expand our leadership position within the highly specialized communications marketplace. This milestone also offers our shareholders expanded visibility and liquidity by providing access to a much broader segment of the investment community that is able to acquire and trade the company’s shares, translating into enhanced shareholder value going forward.
Featured on the NYSE website and on television networks such as CNBC, Bloomberg TV and Fox Business News, reaching millions of viewers worldwide, is the loud ringing of a bell, signaling the opening or closing of the day’s trading. Dr. Amiee Chan, President and CEO of Norsat, along with Arthur Chin, CFO and members of Norsat’s Board of Directors were privileged to ring the closing bell of the New York Stock Exchange on February 10th. The gavel has always been used in conjunction with the closing bell, and Fabio Doninelli, Norsat’s Chairman of the Board had the honors of striking the gavel.
Dr. Amiee Chan, chief executive officer of Norsat, commented, “We are excited about commencing our new listing on the NYSE MKT and honored to have participated in the closing bell ceremony of this well-established institution, the New York Stock Exchange. I commend our employees for their hard work and devotion in making Norsat a leading company within the customized communications marketplace. We look forward to the future with much excitement.”
To watch the bell ringing, go to http://new.livestream.com/NYSE
The NYSE MKT is a fully integrated trading venue within the NYSE community and leverages the NYSE’s advanced and innovative market model to offer a premier value for listing and trading the stocks of small companies. The venue utilizes the trading, connectivity and routing technologies of the NYSE platform and offers superior price discovery, superior liquidity and reduced trading volatility. Listed companies benefit from issuer-selected Designated Market Makers (DMM) that utilize world-class NYSE trading systems to discover and improve prices, dampen volatility, add liquidity and enhance value. In addition, NYSE MKT-listed companies gain access to the brand visibility and are eligible for the issuer services enjoyed by the NYSE community.
The Company’s Common Shares will also continue to trade on the Toronto Stock Exchange (the “TSX”) under the symbol “NII”. More information is available at www.norsat.com, via email at email@example.com by phone at 1-604-821-2800.