China's Ji Tong Orders Norsat Spectraworks DVB Data Hub for China's Golden Bridge Project
BURNABY, B.C., Oct 25, 2000 (BUSINESS WIRE) -- Norsat International Inc. (NASDAQ: NSATF chart, msgs) (TSE: NII. chart, msgs), today announced that it has received an order from Ji Tong Network Communications Co., Ltd., one of China's five national carriers, for a SpectraWorks Digital Video Broadcasting (DVB) Data Hub for application in China's Golden Bridge project.
Golden Bridge will be a public information network linking government departments, over 500 major cities, and a number of research institutes and enterprises. The SpectraWorks Data Hub will be used to provide fast Internet, Voice over Internet Protocol (IP), video-on-demand (VOD), multicasting, videoconferencing and file transfer using DVB protocols. Delivery is scheduled for December 2000.
"Norsat is pleased that Ji Tong has chosen the SpectraWorks solution for their data multiplexing and transport requirements," said Robert H. Bucher, Norsat's President
and CEO. "Satellite plays a major role in telecommunications in China and we look forward to providing additional products and services to Golden Bridge and other projects as China's infrastructure buildout continues."
"Norsat was able to provide a superior data transport hardware and software solution," said Yu Weixing, Vice President of Ji Tong. "Their local staff worked closely with us to understand our requirements and the nature of our business and Norsat effectively configured the hub to meet our specific needs."
About Ji Tong
Ji Tong Network Communications Co., Ltd. (www.gb.com.cn) is headquartered in Beijing, China and is a leader in the development of Voice over IP and other telecommunications services including VSAT, Internet and Intranets, and systems integration. With revenues growing at over 100% per year for the past five years, Ji Tong leases transponder space from Chinasat, AsiaSat and other satellite operators in the region. Ji Tong has over 100 offices throughout China.
About Norsat
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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