Norsat International Inc. Signs Distribution Agreement with C2SAT
Vancouver, British Columbia CANADA, Oct 09, 2009 (Filing Services Canada via COMTEX) --
Norsat International Inc. (NII - TSX, NSATF - OTCBB), a leading provider of intelligent satellite solutions, announced today that it has signed a non-exclusive agreement for distribution, installation and service of C2SAT's (NGM Stock Exchange, C2ST) products. Sweden-based C2SAT manufactures stabilized antenna systems, and adds to Norsat's stable of turn-key solutions for maritime communications systems.
"We welcome the cooperation with Norsat. Norsat supplies installation and support with global coverage and this cooperation enables us to significantly expand our market reach and is in line with C2SAT?s strategy to cooperate with established solution providers and system integrators. Furthermore teaming up with Norsat secures the availability of competent service engineers, trained on C2SAT's products," said Fredrik Nygren, CEO of C2SAT.
Dr. Amiee Chan, CEO & President of Norsat International stated, "As we grow our new business vertical in the maritime industry, it is important to align ourselves with high quality products required to meet customer's needs. The C2SAT system has proven itself with excellent satellite communication during dynamic conditions, both for commercial and military use. The agreement provides us with reliable antennas which significantly increase the level of service to our current and future customers."
About C2SAT
Headquartered in Solna, Sweden, with a subsidiary in Singapore, and a BSO in Shanghai, China, C2SAT develops, manufactures and supplies innovative stabilised VSAT antenna systems that provide vessels in motion with on-line two-way satellite broadband communication. The system is protected by a series of global patents. C2SAT holding AB (publ.) is listed on the NGM Stock Exchange with the ticker C2ST and with Mangold as market maker. C2SAT is a registered trademark. (www.C2SAT.com)
About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. The company's portfolio of capabilities include: microwave components; fixed, transportable, ultra-portable, vehicle-mounted and maritime satellite systems; turnkey maritime navigation and communications systems; and end-to-end network services. Norsat is headquartered in Vancouver, Canada, with offices in Annapolis, Maryland; Lincoln, United Kingdom; Stockholm, Sweden; Rome, Italy; and Daejeon, South Korea. Additional information is available at www.norsat.com, via email at investor@norsat.com or by phone at 1-604-821-2808.
Forward Looking Statements
Statements in this news release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Norsat's public filings with securities regulatory authorities.
This information should be read in conjunction with Norsat's audited consolidated financial statements and related notes included therein for the three and six months ended June 30, 2009, and the Management Discussion and Analysis for the three and six months ended June 30, 2009. All of the company's financial statements are prepared in accordance with Canadian generally accepted accounting principles (Canadian GAAP). Additional information may be found at www.norsat.com.
For further information, please contact:
C2SAT
Fredrik Nygren, CEO
Tel: +46 8 748 01 40
Dalvagen 16, SE-169 56 Solna, Sweden
fredrik.nygren@C2SAT.se
Norsat International Inc. In Canada:
Dr. Amiee Chan, 604-821-2808 Caren Holtby
President & CEO Investor Relations
achan@norsat.com choltby@norsat.com
or
Eugene Syho, 604-821-2838 In the U.S.:
Chief Financial Officer Adam P. Lowensteiner
esyho@norsat.com Wolfe Axelrod Weinberger Assoc. LLC
(212) 370-4500;(212) 370-4505 (Fax)
adam@wolfeaxelrod.com
Source: Norsat International Inc. (TSX: NII) (OTCBB: NSATF) http://www.norsat.com
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