VANCOUVER, Feb. 11, 2015 /CNW/ - Norsat International Inc. ("Norsat") (TSX: NII and NYSE MKT: NSAT), 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 shipped the first customer prototype of its upcoming ATOM 25 Watt Ka-band Block Upconverter (BUC). Ka-band communications offer higher throughput than Ku-band. The ATOM Ka-band BUC covers both commercial and military Ka-band (29-31 GHz).
Built off the innovation and success of the existing ATOM series platform, Norsat worked closely with one of its key defense customers to develop this new frequency band to meet the size, weight and power efficiency goals that the customer required. Norsat is committed to delivering next-generation products to meet the needs of its customers and is leading the way in satellite component innovation.
Dr. Amiee Chan, chief executive officer of Norsat, commented, "Norsat continues to stay at the forefront of innovation. The development of a Ka-band BUC is a testament to the commitment that Norsat has to its customers in developing and releasing products to meet their expanding product needs and the demand in the marketplace. The ATOM Series has been a huge success for Norsat and has shown increasing sales for the company since its launch in 2014. With the continued introduction of next generation products, such as the Ka-band BUC, we anticipate ATOM revenues will continue to grow over the coming years."
Norsat delivered the prototype to the customer for integration into a Comms-On-The-Move (COTM) application and anticipates that the product will be generally available in Q3, 2015.
Other COTM and Airborne customers looking for early delivery of the 25W or 50W ATOM Ka product should contact Norsat at +1 604 821 2800 or [email protected]. For more information on Norsat's ATOM series of products visit 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]