(QCOM) Norsat International Announces Qualcomm's Globalstar Modem To Be Integrated Into Norsat's Narrowband Digital Data Terminal.Business Editors, Technology Writers BURNABY, British Columbia--(BUSINESS WIRE)--March 13, 2000 NorsatIntInc(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NSATF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :NII (National Information Infrastructure) The U.S. government's policy for managing advanced technology in the country. The Clinton/Gore administration (1993-2001) was very enthusiastic about the Internet and proposed that it should be funded by private industry and be .) QualcommInc(NASDAQ:QCOM QCOM Qualcomm, Inc. (stock symbol) ) Norsat International Inc. (TSE - NII; Nasdaq - NSATF), today announced that it has entered into an agreement with QUALCOMM Incorporated (Nasdaq: QCOM) to incorporate QUALCOMM's Globalstar Packet Data Modem in the digital data terminal Norsat is developing for narrowband applications. Under the agreement, QUALCOMM will provide its Globalstar Packet Data Modems (GSP GSP Good Scientific Practice GSP Generalized System of Preferences GSP Gross State Product GSP German Shorthaired Pointer (dog breed) GSP Geometer's Sketchpad (KTP Technologies geometry software) GSP Georges St. 1620) for integration into Norsat's narrowband terminals. Using the QUALCOMM Globalstar Packet Data Modem as a core communications component, Norsat will design and integrate the necessary interface circuits and external housings as required for each application. "Other wireless technologies hold certain positive attributes for data applications, however they tend to be expensive and regional in scope," said Jerry Beckwith, President of QUALCOMM's Wireless Systems. "QUALCOMM's Globalstar Packet Data Modem will address global opportunities where no current data solution exists." "With the performance, reliability, and security of QUALCOMM's Code Division Multiple Access (CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. ) technology and the cost effectiveness of narrowband access, we expect our new terminals to offer highly competitive solutions when they become available in the second half of this year," said Robert H. Bucher, Norsat's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Together, the Globalstar USA and QUALCOMM agreements represent an opportunity for Norsat to add narrowband offerings, with the potential for recurring revenues from the sale of airtime and related services, to its existing broadband and VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. satellite access businesses." In December 1999, Norsat announced plans to distribute Globalstar USA satellite-based telephony services, as well as a new narrowband data service based on a proprietary terminal that will enable remote locations to send operations and transaction data for financial, monitoring, diagnostic, and other purposes, and to receive information in response. The potential customer base includes a broad range of industries with widely scattered operating locations. Norsat initially expects to target natural resource, retail, transportation, and utility companies. QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include integrated CDMA chipsets and system software; technology licensing; Eudora(r) email software for Windows(r) and Macintosh(r) computing platforms; and satellite-based systems including OmniTRACS(r) and portions of the Globalstar(tm) system. QUALCOMM owns patents which are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 1999 FORTUNE 500(r) company traded on the Nasdaq under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors QCOM. Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 26, 1999, and most recent Form 10-Q. Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications industry. It has four principal operating units. Norsat Satellite Products is a leading supplier of satellite signal receivers, transmitters, and other ground station equipment. Norsat Broadband Networks supplies systems to the satellite broadband I/P I/P Input I/P Initiative/Program I/P Identification of Position I/P Current to Pneumatic Transducer market. Norsat Narrowband Networks specializes in voice and data products and services for the Globalstar satellite constellation. The Company's Norsat America Inc. subsidiary operates a network of 14 branch offices across the U.S. and is a distributor of DIRECTV(r) satellite service to the direct-to-home (DTH (Direct-To-Home) Typically refers to satellite TV broadcasting directly to a dish antenna on the roof of a house. See DBS. ) market and a DIRECTV(r) Master System Operator (MSO (1) (Multiple System Operator) Typically refers to a cable TV organization that owns more than one cable system, but it may refer to an operator of only one system. ) for the multiple dwelling unit (MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. ) market. Norsat America also distributes DirecPC. This document may contain certain forward-looking information and statements concerning the Company's operations, performance and financial condition, including, in particular, the likelihood of the Company's success in developing and expanding its business. These statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. QUALCOMM, OmniTRACS and Eudora are registered trademarks of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. Windows is a registered trademark of Microsoft Corp. Macintosh is a registered trademark of Apple Computer Inc. All other trademarks are the property of their respective owners. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion