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Dr. Amiee Chan
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Thursday, 28 August 2008 |
Norsat International Inc. (”Norsat”) (TSX: NII and OTC BB: NSATF), a leading provider of intelligent satellite solutions, today announced that it has entered into a strategic partnership with Italy-based Navisystem Marine Electronics S.R.L. (”Navisystem”), a provider of maritime very small aperture terminals (”VSAT”).
As per the terms of the agreement, Norsat will sell Navisystem’s marine satellite terminals under the Norsat brand in North America, and Navisystem will act as a non-exclusive reseller of Norsat’s satellite systems in Europe, the Middle East and Asia. In addition, the two companies will explore opportunities for joint development projects, working to leverage each company’s respective technology expertise to introduce a suite of marine satellite terminals that meets the varying needs of government and commercial maritime markets worldwide.
“A 2008 objective for Norsat is to establish a foothold in the global maritime satellite communication market, and this strategic partnership is a key first step,” said Dr. Amiee Chan, President and CEO, Norsat International. “Navisystem is a leading developer of maritime satellite terminals, making its product offering a natural addition to our portfolio of satellite systems. We look forward to working with Navisystem to further expand our product suite in an effort to become a strong player in the worldwide maritime satellite communication market.”
“Partnering with Norsat expands our geographic reach, enabling us to better capitalize on the global demand for maritime satellite communication systems,” said Dr. Brunello Locatori at Navisystem. “By leveraging Norsat’s strong brand and leadership position in the portable satellite terminal industry, we believe we will be well positioned to effectively penetrate the North American market.”
Norsat and Navisystem will be jointly exhibiting at the Cannes International Boat and Yacht Show, September 10th, 2008 - September 15th, 2008 in Cannes, France; the Genoa 48th International Boat Show (Salone Nautico Internazionale di Genova), October 4th- October 12th, 2008 in Genova, Italy; the 49th International Boat Show, October 25th, 2008 - November 2nd 2008 in Hamburg, Germany; the 49th Annual Fort Lauderdale International Boat Show, October 30th, 2008 - November 3rd, 2008 in Ft. Lauderdale, Florida; and the Marine Equipment Trade Show (METS), November 18th - 20th, 2008 in Amsterdam, the Netherlands.
Navisystem Marine Electronics S.R.L.
Navisystem Marine Electronics, S.R.L., founded in 1993, specializes in the design and development of maritime satellite systems. The Massarosa, Italy-based company has a comprehensive portfolio of 48 antenna models ranging from 44 cm to 150cm, which have found success with small boats, mega yachts, commercial ships and cruise ships.
About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. |
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