Company News — Norsat International Inc.

« Return to List

Norsat Wins Order With Public Safety Solutions Provider

Vancouver, BC, August 29, 2006--(T-Net)--Norsat International (TSX:NII.TO) announced today that it has been awarded a contract by a well-established global solutions provider focused on the public safety and law enforcement markets to supply a turnkey satellite solution. The turnkey solution includes the supply of multiple portable satellite terminals, satellite capacity, training and maintenance. The contract is for one base year and may be extended by another three years.

"This order represents a significant development on several levels. First, we have secured our first major order in the law enforcement sector. Second, we are providing much more than just portable terminals and are delivering a complete solution to the customer including satellite capacity. Third, we have been able to secure this win due to our efforts to cultivate channel partners," said Bill Coyne, President and CEO, Norsat International Inc.

The value of the contract for the first year is in excess of US $600,000. If all options are exercised over the four-year period, the aggregate value of the contract is in excess of US $1,500,000.

Forward-Looking Statements

Statements in this report 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.

About Norsat International Inc.

Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. For more than 25 years, Norsat has built a strong reputation in the field of satellite technology by providing its customers with innovative products. Norsat's latest innovations include the Norsat OmniLink TM and GLOBETrekker TM lines of portable satellite terminal products that provide rapidly deployable broadband satellite data and video connectivity in areas where traditional communications infrastructure is insufficient, damaged, or non-existent.

Additional information is available at www.norsat.com.

Distributed by Filing Services Canada and retransmitted by Market Wire

Contact:
Additional investor information is available:
Email: Email Contact
Phone: 1-604-292-9000
Toll-free in Canada and the U.S.: 1-888-667-7281

« View Norsat International Inc. Profile

« Return to List

Please Note: Neither CanadaIT Ventures Inc. nor Venture Management Services accept responsibility for the accuracy, timeliness or adequacy of the information shown or comments made at this site.

© 2010 CanadaIT Ventures Inc.