Vancouver, Canada – October 1, 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 signed satellite system contracts,
totaling approximately $1.2 million, with the US Department of
Defense ("DoD"). The contracts are expected to be fulfilled in the
company's fourth quarter. All amounts are expressed in US dollars
unless otherwise stated.
"This is our third recent announcement of significant new business
with the US DoD," said Dr. Amiee Chan, President and CEO, Norsat
International Inc. "We believe these successive contract wins are
evidence of the continuing growth momentum in the ground satellite
systems industry. We will continue working to grow our suite of
technology and associated services to capitalize on the market
opportunity and drive further success in our satellite systems
business."
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:
Amiee Chan
President and CEO
Tel: 604 821-2808
Email: achan@norsat.com
Kristen Dickson
The Equicom Group
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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