Company receives orders from the U.S. Military and
an Asia-based public broadcaster
Vancouver, Canada – July 24th, 2008 – Norsat International Inc. (“Norsat”) (TSX: NII and OTC BB: NSATF), a leading provider of intelligent satellite solutions, today announced that it has released the first product in its vehicle mount satellite terminal family. In addition, with the launch of its new offering, Norsat has signed contracts with the U.S. military and an Asian broadcasting network, to provide vehicle mount terminals for the transmission of video data feeds.
“Releasing our first vehicle mount terminal is a significant milestone for Norsat, as a key focus for 2008 is to drive organic growth by expanding our portfolio of offerings,” said Dr. Amiee Chan, President and CEO Norsat international. “With the launch of this new terminal, we have extended our reach into a new industry segment. Winning these inaugural orders serves as a testament to our technology leadership in designing and developing ground-based satellite systems and demonstrates our ability to quickly gain a foothold in the global vehicle mount satellite terminal market. We plan to work to expand our vehicle mount satellite terminal family to meet varying customer needs and well-position us to effectively compete in this market.”
Norsat’s vehicle mount satellite terminals are equipped with a control consol that initializes and optimizes modem and transmitter settings and also automatically aligns the antenna towards the desired satellite. In addition, the terminals include Norsat’s proprietary user-friendly software interface, which is available in 15 languages, including Arabic, Bahasa, English, Chinese (Simplified and Traditional), Dutch, English, French, German, Italian, Japanese, Korean, Polish, Portuguese, Spanish and Turkish.
Norsat will display its new family of vehicle mount terminals at Modern Day Marine in Quantico, Virginia, from September 30th through to October 2nd, 2008.
For further information, contact:
Pervez Siddiqui
Vice President, Marketing
Tel: 604-821-2850
Email: psiddiqui@norsat.com
Kristen Dickson
Investor Relations
The Equicom Group
Tel: 416-815-0700 x273
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 March 31, 2008, and the Management Discussion and Analysis for the three months ended March 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.
