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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (19105)	11/17/1999 9:43:00 AM
From: RCJIII	Respond to of 52051

NSATF breaking out over $5, news just out- (BSNS WIRE) Norsat Announces Agreement to Provide ODU Prototypes for Kor Norsat Announces Agreement to Provide ODU Prototypes for Korea Telecom's Satellite Broadband Initiative Business Editors BURNABY, B.C.--(BUSINESS WIRE)--Nov. 17, 1999--Norsat International Inc. (NASDAQ:NSATF) (TSE:NII.), 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 indicates accelerating interest around the globe in satellite access to the broadband Internet," said Robert H. Bucher, Norsat's President and CEO. "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 a leading 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 the multiple 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 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. --30--ajg/in* CONTACT: Norsat International Inc. Derick J. Walker, 604/292-9000 604/292-9100 (FAX) Website: www.norsat.com Email: info@norsat.com KEYWORD: INTERNATIONAL CANADA ASIA PACIFIC INDUSTRY KEYWORD: TELECOMMUNICATIONS CABLE TELEVISION/RADIO Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *