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Technology Stocks : Norsat Intl (Nasdaq:NSAT)value and growth in Wireless
NSAT 11.500.0%Jul 20 4:00 PM EDT

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To: Cheeky Kid who wrote (387)10/25/2000 4:35:55 PM
From: Cheeky Kid   of 397
 
NEWS


NORSAT INTERNATIONAL INC - Ships Ka-Band Terminal Prototypes To Korea

Toronto, Ontario, Oct. 25, 2000 (Market News Publishing via COMTEX) -- Norsat International Inc. announced that it has completed the shipment to Korea of 12 Ka-band terminal prototypes for field testing on Korea Telecom's satellite broadband network. The applications to be tested included two-way Internet and distance learning. Volume deliveries are expected to begin later in the year.

Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications industry. It has four principal operating units. Norsat Satellite Products is a supplier of satellite signal receivers, transmitters, and other ground station equipment and provides an after-market maintenance and repair service. Norsat Broadband Networks develops
components and systems to the satellite broadband IP market. Norsat Narrowband Networks specializes in voice and data products and services for the Globalstar satellite constellation. 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 the multiple dwelling unit (MDU) market. Norsat America also distributes DirecPC.

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 uncertainties and 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.

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