VANCOUVER, Dec. 18, 2014 /PRNewswire/ - Norsat
International Inc. ("Norsat") (TSX: NII and OTC BB: NSATF), a
leading provider of innovative communication solutions that enable
the transmission of data, audio and video for remote and
challenging applications, today announced that it has received an
order for approximately $430,000 from
a large international defense electronics company, to deliver its
ATOM series Block Upconverter (BUC) products. This represents the
second largest single order for the ATOM series, and builds on the
momentum and success of the ATOM product line. Norsat has worked
closely with this customer since the product was introduced in
April 2014.
The ATOM series of BUCs and Solid State Power Amplifiers
(SSPAs) are ideal for Comms-On-The-Move (COTM) applications as they
are up to 82% smaller, 68% lighter, and 60% more energy efficient
than other products on the market. The product line has undergone
extensive third-party certification testing to meet intense
temperature, shock, vibration, and electromagnetic compatibility
(EMC) specifications required by military and commercial customers
for both land and airborne COTM applications.
Dr. Amiee Chan, chief executive
officer of Norsat, commented, "We are pleased to have received this
expanded follow on order to provide our ATOM series of BUCs for a
Comms-on-the-Move application. The ability to have high-level
connectivity regardless of the location, conditions, or movement of
the vehicle, plane or boat, is increasingly becoming a requirement
from customers. Our ATOM series is specifically designed to meet
the various challenges faced by this market, including smaller
size, lower weight, decreased power consumption and reduced heat
dissipation. This product, and end market, are two key areas
where we have the opportunity to drive growth over the foreseeable
future."
The company expects the vast majority of the order will be
shipped during the third quarter of 2015, with some units being
shipped in early 2015.
For more information on the ATOM series of products go to
http://www.norsat.com/solutions/norsat-microwave-products/atom-series/
About Norsat International Inc.
Founded in 1977,
Norsat International Inc. is a leading provider of innovative
communication solutions that enable the transmission of data, audio
and video for remote and challenging applications. Norsat's
products and services include leading-edge product design and
development, production, distribution and infield support and
service of fly-away satellite terminals, microwave components,
antennas, Radio Frequency (RF) conditioning products, maritime
based satellite terminals and remote network connectivity
solutions. More information is available at www.norsat.com, via
email at investor@norsat.com or by phone at 1-604-821-2800.
Forward Looking Statements
The discussion and
analysis of this news release contains forward-looking statements
concerning anticipated developments in Norsat's operations in
future periods, the adequacy of its financial resources and other
events or conditions that may occur in the future. Forward-looking
statements are frequently, but not always, identified by words such
as "expects," "anticipates," "believes," "intends," "estimates,",
"predicts," "potential," "targeted," "plans," "possible" and
similar expressions, or statements that events, conditions or
results "will," "may," "could" or "should" occur or be achieved.
These forward-looking statements include, without limitation,
statements about Norsat's market opportunities, strategies,
competition, expected activities and expenditures as it pursues its
business plan, the adequacy of available cash resources and other
statements about future events or results. Forward-looking
statements are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future
events or conditions may differ materially from those reflected in
the forward-looking statements due to a variety of risks,
uncertainties and other factors, such as business and economic
risks and uncertainties. The forward-looking statements are based
on the beliefs, expectations and opinions of management on the date
the statements are made. Consequently, all forward-looking
statements made in this news release are qualified by this
cautionary statement and there can be no assurance that actual
results or anticipated developments will be realized. For the
reasons set forth above, investors should not place undue reliance
on forward-looking statements. These forward-looking statements are
made as of the date of this news release and Norsat assumes no
obligation to update or revise them to reflect new events or
circumstances, other than as required by law.
SOURCE Norsat International Inc.