Good news from Korea
We finally hit 5 so Norsat is marginable now. Did I spell that right ? <g>
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Norsat Announces Agreement to Provide ODU Prototypes for Korea
Telecom's Satellite Broadband Initiative
Canadian Corporate News - November 17, 1999 09:11
BURNABY, BRITISH COLUMBIA--Norsat International Inc. (TSE - NII; Nasdaq - NSATF), today announced the signing of
an agreement with Korean wireless communications systems developer, Millitron Inc., to supply outdoor unit (ODU) prototypes
for integration into subscriber Satellite Interactive Terminals (SITs) to be field tested as part of the Multimedia Interactive
Ka-band Initiative being undertaken by Korea Telecom.
"This agreement not only confirms Norsat's demonstrated expertise in advanced Ka-band interactive terminal technology, but
indicatesaccelerating interest around the globe in satellite access to the broadband Internet," said Robert H. Bucher, Norsat's
President andCEO. "Neither corporations nor consumers are willing to wait while wired access providers upgrade and expand
their infrastructure," he added. "That's creating a window of opportunity for satellite, as the Korea Telecom initiative, Europe's
ASTRA-net, and a half dozen other announced Ka-band projects demonstrate." Norsat expects to deliver the first production
units of the ODU it is developing for Europe's ASTRA-net project in 2000.
"Norsat is clearly a global leader in satellite ground station technology," said Dr. Nack Cho, President of Millitron Inc. "Their long
time involvement with both the Canadian and European Space Agencies, and their role as a preferred supplier to ASTRA-net,
made them the logical choice to help us develop a SIT within a rather tight time frame."
Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications and
cable television industries. Its Satellite & Cable group is aleading supplier of satellite signal receivers and other ground station
equipment. The Company's Norsat America Inc. subsidiary operates a network of 14 branch offices across the U.S. and is a
distributor of DIRECTV(R) satellite service to the direct-to-home (DTH) market and a DIRECTV(R) Master System Operator
(MSO) for themultiple dwelling unit (MDU) market. Norsat America also distributes DirecPC.
Millitron Inc. manufactures microwave / RF products based on its core technology in MMIC (Monolithic Microwave Integrated
Circuits)for the broadband two-way equipment market, such as point-to-point, point-to-multipoint, LMDS (Local Multipoint
Distribution system) and satellite terminals market. Millitron has operations in the Republic of Korea and Santa Clara, California.
This document may contain certain forward-looking information and statements concerning the Company's operations,
performance and financial condition, including, in particular, the likelihood of the Company's success in developing and expanding
its business. These statements are based upon a number of assumptions and estimates that are inherently subject to significant
uncertaintiesand contingencies, many of which are beyond the control of the Company. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Norsat International Inc.
Derick J. Walker
Corporate Communications
(604) 292-9000
(604) 292-9100 (FAX)
Website: www.norsat.com
Email: info@norsat.com
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See you at 10 |
