CBS News Purchases Norsat NewsLink Portable Satellite Terminal.Business Editors BURNABY, British Columbia--(BUSINESS WIRE)--Dec. 16, 2002 Norsat International Inc. (Nasdaq:NSAT NSAT National Secondary Assessment Test (Philippines) ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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 ) today announced that CBS News CBS News is the news division of American television and radio network CBS. Its current president is Sean McManus who is also head of CBS Sports. Current productions Current television shows
There are two types of news broadcasting: television and radio news. A newscast . The purchase contract is for early January 2003 delivery and field deployment. The Norsat NewsLink(TM) is a sophisticated adaptation of the satellite technology previously referred to as the Norsat "pico-terminal". The compact and specially designed terminal can be carried in two suitcases and deployed and set up easily in the field in several minutes without tools. The Norsat NewsLink(TM) allows the transmission of broadcast quality MPEG-2 video via DVB-S See DVB. over satellite. The terminal is ideally suited for the transmission of video, voice, and IP data in remote or hostile environments. Frank Governale, Vice President of Operations, CBS News, commented on the Norsat NewsLink(TM): "Our news teams will get a level of flexibility that will help us keep the world informed about breaking news and events worldwide. The Norsat NewsLink(TM) has the potential to truly enhance the way we gather international news." Norsat International 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. Yutaka Ueda said the company is "delighted" to have been recognized by a forward-thinking organization like CBS News. "Our vision is that the Norsat NewsLink(TM) will become the standard in the broadcast industry, used by all major news networks around the world for 'first on the scene' live coverage of major world events - and in time, for more routine news events where mobility and timeliness are big advantages." The Norsat NewsLink(TM) is a member of the Norsat OmniLink(TM) family of portable satellite terminals. "We see a significant number of high-growth markets for Norsat OmniLink(TM) portable satellite terminals, not only for news gathering but also in a variety of other applications, including the military field where a version of our product (called SecureLink) has already been successfully deployed," Mr. Ueda added. For more information go to http://www.norsat.com/products/omnilink/newslink.htm. The CBS News Division operates a worldwide news organization serving the CBS (Cell Broadcast Service) See cell broadcast. Television and Radio Networks with regularly scheduled news and public affairs broadcasts - including, among others, the CBS EVENING NEWS CBS Evening News is the flagship nightly television news program of the American television network CBS. The network has broadcast this program since 1948, and has used the CBS Evening News title since 1963. WITH DAN RATHER, THE EARLY SHOW, 60 MINUTES, 60 MINUTES II, 48 HOURS, FACE THE NATION and SUNDAY MORNING - and special reports on breaking news. The division maintains 18 news bureaus and offices in the United States and abroad in addition to its world headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . About Norsat International Inc. Norsat International Inc. designs and markets satellite products for high-speed data transmission, including the Norsat OmniLink group of portable satellite terminals for application in remote or hostile environments. Forward Looking Statements Statements in this 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, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Norsat's public filings with securities regulatory authorities. To see the photograph that accompanies this press release, please access the following link: http://www2.cdn-news.com/database/fax/2000/norsat.jpg. |
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