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Norsat International Inc (2)
Symbol NII
Shares Issued 58,316,532
Close 2014-12-17 C$ 0.48
Market Cap C$ 27,991,935
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Norsat receives $430,000 order for ATOM series

2014-12-18 08:13 ET - News Release

Dr. Amiee Chan reports

NORSAT RECEIVES FOLLOW-ON ORDER FOR ATOM SERIES OF BLOCK UPCONVERTERS FOR COMMS-ON-THE-MOVE APPLICATION

Norsat International Inc. has received an order for approximately $430,000 from a large international defence electronics company, to deliver its ATOM series block upconverter products. This represents the second-largest single order for the ATOM series, and builds on the momentum and success of the ATOM product line. Norsat has worked closely with this customer since the product was introduced in April, 2014.

The ATOM series of BUCs and solid state power amplifiers are ideal for comms-on-the-move applications as they are up to 82 per cent smaller, 68 per cent lighter and 60 per cent more energy efficient than other products on the market. The product line has undergone extensive third party certification testing to meet intense temperature, shock, vibration and electromagnetic compatibility specifications required by military and commercial customers for both land and airborne COTM applications.

Dr. Amiee Chan, chief executive officer of Norsat, commented: "We are pleased to have received this expanded follow on order to provide our ATOM series of BUCs for a comms-on-the-move application. The ability to have high-level connectivity regardless of the location, conditions or movement of the vehicle, plane or boat, is increasingly becoming a requirement from customers. Our ATOM series is specifically designed to meet the various challenges faced by this market, including smaller size, lower weight, decreased power consumption and reduced heat dissipation. This product and end market are two key areas where we have the opportunity to drive growth over the foreseeable future."

The company expects the vast majority of the order will be shipped during the third quarter of 2015, with some units being shipped in early 2015.

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