VANCOUVER, Dec. 18, 2014 /CNW/ - 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 [email protected] 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.
For further information: Dr. Amiee Chan, President & CEO, Tel: 604 821-2800, Email: [email protected]; Mr. Arthur Chin, Chief Financial Officer, Tel: 604 821-2800, Email: [email protected]; Robert Blum, Adam Lowensteiner and Joe Diaz, Lytham Partners, LLC, Tel: 602-889-9700 (Phoenix), Tel: 646-829-9700 (New York), [email protected]