Norsat to Exhibit at CommunicAsia June 19-22, 2012 and Update from Shareholders’ Meeting
Vancouver, British Columbia – June 18, 2012 — Norsat International Inc. (Norsat or the company) (TSX: NII and OTC BB: NSATF), a leading provider of communications solutions, will be exhibiting at CommunicAsia, Asia’s largest integrated information and communication technology event. Norsat will be exhibiting at booth 1Q2-12, demonstrating its broad range of microwave components and portable satellite terminals which are used by militaries, broadcasters and corporations around the world.
Norsat’s microwave products on display include Low Noise Block Downconverters (LNBs), Block Upconverters (BUCs), and filters including the latest Ku-Band, Ka-band and X-band LNB’s and BUC’s as well as WiMax interference filters. Norsat will also display portable satellite terminals including the ultra-portable RoverTM and the auto-acquire GLOBETrekkerTM Satellite News Gathering terminal. Both of these light-weight terminals offer military grade ruggedness, easy tool-free assembly and IATA compliant packaging cases. The automated GLOBETrekker acquires a satellite lock at the touch of a button.
CommunicAsia, held June 19th to 22nd, will once again be located in the Marina Bay Sands in Singapore and will feature over 200 speakers and 700 delegates. The program includes several exciting themes, with presentations from leading industry executives on topics including satellite communications, cloud computing, next generation broadband and more. Norsat’s satellite communications experts will be on site at CommunicAsia to speak with delegates and answer questions. Contact email@example.com or visit the booth to learn more about Norsat’s exciting products.
Additionally, Norsat wishes to provide further disclosure with respect to its stock option plan (“Stock Option Plan”) contained in its information circular (“Information Circular”) dated March 30, 2012. The Company’s annual general and special meeting of shareholders was held on May 9, 2012 and the Company received shareholder approval for the Stock Option Plan at that time.
In addition to the disclosure found in the Information Circular regarding the issuance of stock options to insiders of the Company, the Stock Option Plan limits the number of common shares that may be issued to insiders under the Stock Option Plan and any other share compensation arrangement of the Company within a one year period to 10% of the outstanding shares of the Company, unless shareholder approval is obtained.
As at the date of the Information Circular, there were 1,903,700 options outstanding, representing 3.3% of the Company’s issued and outstanding shares. The unallocated entitlements under the Stock Option Plan are approved until May 9, 2015.
About Norsat International Inc.
Founded in 1977, Norsat International Inc. is a leading provider of communication solutions that enable the transmission of data, audio and video in remote and austere environments. Norsat’s products and services include leading-edge product design and development, production, distribution and infield support and service of portable ground station satellite terminals, antennas, Radio Frequency (RF) conditioning products, microwave components, maritime based satellite terminals and remote network connectivity solutions. Additionally, through its Norsat Power Solutions Division, Norsat is a provider of power conversion and energy storage solutions for the communications, transportation and resource sectors. More information is available at www.norsat.com, via email at firstname.lastname@example.org or by phone at 1-604-821-2808.
For further information, contact:
|Dr. Amiee Chan||Arthur Chin|
|President & CEO||Chief Financial Officer|
|Tel: 604 821-2808||Tel: 604 821-2809|
|Email: email@example.com||Email: firstname.lastname@example.org|