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Technology Stocks : NVI.V - Novra Technologies Inc.
NVI.V 0.0800-15.8%Oct 31 9:30 AM EST

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From: JRod778/5/2016 12:39:21 PM
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Novra Tech unit's initial orders total more than $3M

2016-08-05 10:29 MT - News Release

Mr. Steven Archambault reports

INTERNATIONAL DATACASTING ANNOUNCES $3 MILLION IN ORDERS RELATED TO RECENT RADIO NETWORK CONTRACT

International Datacasting Corp., part of the Novra Technologies Inc. group of companies, has received the purchase orders for the contract reported in yesterday's news release titled, "International Datacasting wins multimillion-dollar contract for major national radio network."The initial orders are in excess of $3-million, with shipments scheduled to commence late in the third quarter. The term of the contract begins immediately and up to July 24, 2017.

The orders include head-end equipment and satellite receivers, as well as related network management, encryption and IDC's targeted content distribution system. IDC expects to complete delivery on these orders over the next six months.

IDC president and chief financial officer Steven Archambault said: "It is great to have these orders in hand. Our team is looking forward to delivering on schedule and with the high quality for which we are known industry wide."

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