China's Ji Tong Orders Norsat Spectraworks DVB Data Hub for China's Golden Bridge Project.Business Editors BURNABY, B.C.--(BUSINESS WIRE)--Oct. 25, 2000 Norsat International Inc. (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 .), today announced that it has received an order from Ji Tong Network Communications Co., Ltd., one of China's five national carriers, for a SpectraWorks Digital Video Broadcasting (DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. ) Data Hub for application in China's Golden Bridge project. Golden Bridge will be a public information network linking government departments, over 500 major cities, and a number of research institutes and enterprises. The SpectraWorks Data Hub will be used to provide fast Internet, Voice over Internet Protocol (IP), video-on-demand (VOD See video-on-demand. VoD - video on demand ), multicasting, videoconferencing and file transfer using DVB protocols. Delivery is scheduled for December 2000. "Norsat is pleased that Ji Tong has chosen the SpectraWorks solution for their data multiplexing and transport requirements," 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. . "Satellite plays a major role in telecommunications in China and we look forward to providing additional products and services to Golden Bridge and other projects as China's infrastructure buildout continues." "Norsat was able to provide a superior data transport hardware and software solution," said Yu Weixing, Vice President of Ji Tong. "Their local staff worked closely with us to understand our requirements and the nature of our business and Norsat effectively configured the hub to meet our specific needs." About Ji Tong Ji Tong Network Communications Co., Ltd. (www.gb.com.cn) is headquartered in Beijing, China and is a leader in the development of Voice over IP and other telecommunications services including 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. , Internet and Intranets, and systems integration. With revenues growing at over 100% per year for the past five years, Ji Tong leases transponder space from Chinasat, AsiaSat and other satellite operators in the region. Ji Tong has over 100 offices throughout China. About Norsat 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 supplier of satellite signal receivers, transmitters, and other ground station equipment and provides an after-market maintenance and repair service. Norsat Broadband Networks develops components and systems to the satellite broadband IP 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. |
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