Norsat Receives Order for Next Generation Product Line Extensions to Terminal Platform Technology
VANCOUVER, Dec. 8, 2014 /PRNewswire/ - Norsat International Inc. ("Norsat") (TSX: NII and OTC BB: NSATF), a leading provider of innovative communication solutions that enable the transmission of data, audio and video for remote and challenging applications, today announced that it has received an order to deliver its recently launched SigmaLinkTM AUTO and Ranger products to a major military contractor that supplies communications solutions to governments and militaries worldwide. This marks the first sale of these next-generation technologies designed to improve ease of use and to address industry trends by military customers that are increasingly looking for very small form factors.
The 1.8m and 2.4m SigmaLink AUTO series of transportable satellites are ideally suited to provide broadband connectivity for basecamp operations. The SigmaLink AUTO provides a quick setup and alignment procedure, so users can be up and transmitting in under 15 minutes while getting the high throughputs offered by larger aperture sizes. This new version of Norsat's popular SigmaLink lineup adds auto-acquire technology to ensure easy operation and satellite acquisition without the need for operator alignment. The SigmaLink AUTO is a product line extension of Norsat's existing terminal platform technology which is utilized by military and commercial customers around the world as the most durable and reliable systems available in the marketplace.
The Ranger is a high-performance, self-contained multiband microsat terminal, featuring industry leading portability and rapid deployment. The Ranger's compact form factor and large throughput make it ideal for special forces operation or for military missions where minimal weight and bulk is critical. The innovation of the Ranger product was based on technology acquired by Norsat from CVG in April 2013, demonstrating the company's capabilities to integrate and expand upon the technology base from various inputs to deliver to the market next generation products and solutions.
Dr. Amiee Chan, chief executive officer of Norsat International commented, "A key objective to our growth strategy is the introduction of new products to the market that capitalizes off the base technology platform that Norsat has created. The SigmaLink AUTO and Ranger products offer new capabilities and aperture sizes to meet the evolving needs of customers that require speed, portability and constant reliability of communications. Our ability to stay at the leading edge of technological innovation by delivering to the markets products and solutions that meet the very high standards of our military and commercial customers is what keeps Norsat as a trusted and preferred provider. We look forward to the continued rollout of these products to additional customers in the coming quarters."
The company expects this initial order for the SigmaLink AUTO and Ranger products to ship in the first quarter of 2015.
About Norsat International Inc.
Founded in 1977, Norsat International Inc. is a leading provider of innovative communication solutions that enable the transmission of data, audio and video for remote and challenging applications. Norsat's products and services include leading-edge product design and development, production, distribution and infield support and service of fly-away satellite terminals, microwave components, antennas, Radio Frequency (RF) conditioning products, maritime based satellite terminals and remote network connectivity solutions. More information is available at www.norsat.com, via email at [email protected] or by phone at 1-604-821-2800.
Forward Looking Statements
The discussion and analysis of this news release contains forward-looking statements concerning anticipated developments in Norsat's operations in future periods, the adequacy of its financial resources and other events or conditions that may occur in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates,", "predicts," "potential," "targeted," "plans," "possible" and similar expressions, or statements that events, conditions or results "will," "may," "could" or "should" occur or be achieved. These forward-looking statements include, without limitation, statements about Norsat's market opportunities, strategies, competition, expected activities and expenditures as it pursues its business plan, the adequacy of available cash resources and other statements about future events or results. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, such as business and economic risks and uncertainties. The forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or anticipated developments will be realized. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this news release and Norsat assumes no obligation to update or revise them to reflect new events or circumstances, other than as required by law.
SOURCE Norsat International Inc.
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