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NORSAT WINS $5.5 MILLION US DEPARTMENT OF DEFENSE CONTRACT
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Norsat Wins $5.5 Million US Department Of Defense Contract
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Vancouver, Canada – September 22nd, 2008 – Norsat International
Inc. ("Norsat") (TSX – NII.TO; OTC BB – NSATF.OB), a leading
provider of intelligent ground-based satellite solutions,
announced today that its US subsidiary has been awarded a $5.5
million contract by the US Department of Defense ("DoD") to
provide portable satellite terminals, ancillary equipment and
associated implementation, training, and maintenance services.
The contract will be fulfilled over the next six-months. All
amounts are expressed in US dollars unless otherwise stated.
"This sizable contract win demonstrates our continued success in
building our satellite systems business, and highlights our
position as a key supplier to the US DoD," said Dr. Amiee Chan,
President and CEO, Norsat International Inc. "In 2008, we have
added two product families to our suite of offering to date,
expanding our reach into the maritime and vehicle mount satellite
system markets. We believe as we leverage our technology
expertise to further expand our portfolio of portable satellite
systems, we will continue to grow our user base in the government
and commercial industry sectors worldwide."
About Norsat International Inc.
Norsat International Inc. designs, engineers and markets
intelligent satellite solutions for high-speed data transmission.
The company's portfolio of capabilities include: microwave
components; fixed, transportable, ultra-portable, vehicle-mounted
and maritime satellite systems; turnkey maritime navigation and
communications systems; and end-to-end network services. Norsat
is headquartered in Vancouver, Canada, with offices in Annapolis,
Maryland; Lincoln, United Kingdom; Stockholm, Sweden; Monte
Carlo, Monaco; Rome, Italy; and Daejeon, South Korea. Additional
information is available at www.norsat.com, via email at
investor@norsat.com or by phone at 1-604-821-2808.
For further information, contact:
Pervez Siddiqui, Vice President, Marketing, Tel: 604 821-2850,
Email: psiddiqui@norsat.com
Kristen Dickson, Investor Relations, Tel: 416-815-0700 x 273,
Email: kdickson@equicomgroup.com
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 June 30th, 2008, and the Management Discussion and
Analysis for the three months ended June 30th, 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.
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Thanks,
Norsat International Inc.