Norsat Announces 2009 Third Quarter Financial Results

VANCOUVER--(BUSINESS WIRE)--Norsat International Inc. (“Norsat”) (TSX: NII and OTC BB: NSATF), a leading provider of intelligent satellite solutions, announces its financial results for the three- and nine- month periods ended September 30, 2009. All financial results are in U.S. dollars unless otherwise stated. Q3 2009 Summary“I’m pleased with the company’s performance to date in 2009, which showed a year to date increase of 27% in revenues,” said Dr. Amiee Chan, President and CEO, Norsat International Inc. “Considering the global economic recessionary conditions, we have demonstrated a resiliency that should serve Norsat well as the economic climate improves over the next few quarters.”Dr. Chan continued, “During the quarter, we made several inroads for our products with other non-U.S. militaries as well as with orders from customers in India and China for broadcasting purposes and Italy for maritime communications. This type of product and geographic diversification will continue to be one of our key ingredients to maintaining our organic growth. At this time, we anticipate finishing the year at the lower end of our year on year revenue growth expectations of 15 – 20%.”Dr. Chan concluded, “While the Microwave and Satellite business units continue to be cornerstones for Norsat, we are working diligently to build up our three new business units – Maritime, Wireless Networks and Norsat Capital. We anticipate that these business units will be growth contributors in the longer term and will form part of the foundation for Norsat to become the premiere communications provider for remote and ...
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Norsat International to Hold Investor Conference Call on Thursday, November 5, 2009

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 StatementsStatements 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...
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Norsat International Inc. Signs Distribution Agreement with C2SAT

VANCOUVER, British Columbia--(BUSINESS WIRE)--Norsat International Inc. (“Norsat") (TSX: NII and OTC BB: NSATF) 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 stabilised 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 C2SATHeadquartered 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-wa...
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Norsat International Inc. Announces New Sales Orders

VANCOUVER--(BUSINESS WIRE)--Norsat International Inc. (“Norsat") (TSX: NII and OTC BB: NSATF) a leading provider of intelligent satellite solutions, announced today that it has received several new sales contracts, spanning the globe. These contracts, totaling $3.9 million, include penetration into industry verticals like maritime communications, broadcasting, and homeland security. While over half of these awards came from the U.S., a fifth came from Asia - Pacific countries like India, China, Singapore and Hong Kong, with the remaining tranche of orders coming from Europe and Scandinavia. Dr. Amiee Chan, President and CEO of Norsat, stated, “I am pleased to announce this series of orders that have been received in the past several weeks. While the U.S. Military continues to be a cornerstone customer for Norsat, we have been able to attract other militaries around the globe to take notice of our products. We are also pleased that other markets for our products are gaining traction, also on a global basis, with orders from customers in India and China for broadcasting purposes and Italy for maritime communications. This type of product and geographic diversification is a key ingredient to maintaining our organic growth, which has continued in spite of the prolonged global economic slowdown.”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 e...
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Norsat International Inc. Introduces New Spectrum Analyzer

LONDON--(BUSINESS WIRE)--Norsat International Inc. (“Norsat") (TSX: NII and OTC BB: NSATF) a leading provider of intelligent satellite solutions, announced today the introduction of the first from a new line of satellite terminal operator friendly tools - the Norsat SA-RSSI-I LNB Spectrum Analyzer- as used in Norsat’s Portable Satellite Terminals. The SA-RSSI-I is a standalone compact unit that comes with its own universal power supply, which can also power a Norsat LNB. The RSSI Spectrum Analyzer has a narrow L-band (950-1700 MHz) basic 10 MHz bandwidth, to aid the operator in locating and identifying the satellite. There is also a satellite almanac tool incorporated into the SA-RSSI-I for ease of satellite identification. Dr. Amiee Chan, President and CEO of Norsat, stated, “This new offering is another first in Norsat’s long- standing tradition of product leadership and innovation. The SA-RSSI Spectrum Analyzer offers a rugged and compact unit that can now be used by all satellite terminal users and operators. While Norsat terminal customers have long enjoyed the benefits of this feature on their units, we have developed this product to aid other satellite terminal users. In doing so, we seek to introduce the Norsat functionality and durability to a range of users that currently do not use Norsat satellite terminals.”This product will be on show at Defence Systems & Equipment International 2009 from September 8 – 11, 2009 at ExCeL in London, UK. Norsat will be in the CADSI (Canadian Association of Defense and Security Industries) Pavilion in Booth #739A. Additional product information is available at ...
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Norsat International Inc. CEO to Deliver Company Presentation at Investor Conference Hosted by Kaufman Bros., L.P.

thth at 12:30 p.m. ET and will discuss the Company’s business structure, financial overview, new product offerings and market opportunities. th Annual Investor Conference hosted by Kaufman Bros., which is a highly respected, full-service, investment bank and broker/dealer that is known for the quality of its research and professionalism. I look forward to this opportunity to present Norsat’s investment potential to the Kaufman audience and believe it is timely to discuss the various company initiatives.”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 ...
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NORSAT INTERNATIONAL INC. Financials

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Norsat Announces 2008 Year End Financial Results Record Quarter and Annual Earnings Reported

VANCOUVER, BC--(MARKET WIRE)--Mar 12, 2009 -- Norsat International Inc. ("Norsat") (Toronto:NII.TO - News) (OTC BB:NSATF.OB - News), a leading provider of intelligent satellite solutions, announces financial results for the three- and 12-month periods ended December 31, 2008. All results are in United States dollars unless otherwise stated.  2008 Summary * Revenue increased to $18.1 million, up 10% from $16.5 million in 2007 * Gross margin was 51%, compared to 52% in 2007 * Operating expenses remained essentially flat at $7.1 million compared to $7.2 million in 2007 * Net earnings were $2.2 million or $0.04 per share, compared to $1.4 million, or $0.03 per share in 2007 * Opened a Research & Development facility in Daejeon, Korea * Opened a sales office in Rome, Italy * Expanded into new market verticals with entry into the Maritime and WiMAX sectors Q4 2008 Financial Summary * Q4 revenue was $6.3 million, compared to $4.8 million in Q4 2007 o Revenue from the Satellite Systems segment was $4.0 million, compared to $2.6 million in Q4 2007 o Revenue from the Microwave Products segment was $2.3 million compared to $2.1 million in Q4 2007 * Gross margin for Q4 was 57%, compared to 47% in Q4 2007 * Operating expenses for Q4 were $2.3 million, up 15% from $2.0 million in Q4 2007 * Q4 net earnings we...
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Norsat International to Hold Investor Conference Call on Thursday, March 12, 2009

Norsat International Inc. ("Norsat") (TSX: NII) (OTC.BB: NSATF) today announced that it plans to release its fourth quarter and fiscal 2008 results on Thursday, March 12, 2009. Management will hold a conference call that same day at 9:00 a.m. (PT) to discuss the results. Dr. Amiee Chan, Norsat's President and CEO, cordially invites all interested parties to participate in the conference call. CONFERENCE CALL DETAILS:� DATE: Thursday, March 12, 2009 TIME: 9:00 a.m. PT DIAL-IN NUMBER: 647-427-3420 or 1-888-300-0053 REFERENCE NUMBER: 88748987 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 StatementsStatements 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 ...
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Norsat Establishes EMEA Headquarters

VANCOUVER, BC--(MARKET WIRE)--Jan 14, 2009 -- Norsat International Inc. ("Norsat") (Toronto:NII.TO - News) (OTC BB:NSATF.OB - News), a leading provider of intelligent satellite solutions, today announced the establishment of a presence in Lausanne, Switzerland. The office will serve as the central regional headquarters for the company's European, Middle Eastern and African (EMEA) operations. "In 2008 Norsat initiated a strategic plan for growth in the EMEA market which included the announcement of two new business units and two new sales offices. As a result of our ongoing success, it is with great excitement that 2009 begins with the announcement of an EMEA regional headquarters," said Dr. Amiee Chan, president and CEO Norsat International Inc.Scheduled to open before the end of January, the offices at the Switzerland location will provide the centrality required to support Norsat's regional sales offices located in Sweden, the United Kingdom, Italy and Monaco."Sustaining regional growth requires strong regional presence. The EMEA headquarters will provide the support needed to meet today's initiatives while ensuring Norsat's ongoing growth and future developments in the region across all business ...
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