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Novra Technologies Inc
Symbol NVI
Shares Issued 35,396,293
Close 2021-05-07 C$ 0.105
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Novra Group receives $3.2-million Audiocaster Pro order

2021-05-10 21:20 ET - News Release

Mr. Harris Liontas reports

NOVRA GROUP ANNOUNCES $3.2 MILLION RADIO ORDER

Novra Technologies Inc.'s Novra Group has received a major order for Audiocaster Pro professional broadcast audio receivers. The order is valued at more than $3.2-million and is expected to ship later in 2021.

The customer is a leading U.S. radio broadcaster and long-time Novra Group customer, operating an extensive and sophisticated network. Audiocaster Pro -- a new product launched in 2020 -- boasts state-of-the-art versatile features like the ability to operate over satellite or Internet connections and switching between live streams and stored files.

Novra Group president and chief executive officer Harris Liontas commented: "We are extremely gratified to receive this follow-on order for Audiocaster Pro. It is the second large order for this new product from the same customer. It's a testament to their satisfaction with their previous order and a tribute to the work our team has done to develop the Audiocaster Pro receivers. We appreciate their vote of confidence in Novra Group and the products and services we provide."

In addition to this large audio order, Novra Group is enjoying strong year-to-date bookings from its North American and international clients for its other product lines, including its next-generation digital cinema solutions.

Mr. Liontas continued: "We are very happy to see healthy orders coming in from our various traditional vertical markets. It validates our strategy of using common core technologies for diversified applications, and it is a positive indicator that our industry may be starting to recover from the economic impact of COVID-19."

About Novra Technologies Inc.

The Novra Group of Companies includes Novra Technologies, International Datacasting Corp. and Wegener Communications. The companies in the group are known for a strong focus on applications -- broadcast video and radio, digital cinema, digital signage, and highly reliable data communications -- as well as a strong tradition of innovation, excellence and flexibility. Novra Group is proud to work with a global network of trained partners and resellers.

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