China Netcom Corporation Ltd. Selects Norsat To Provide DVB Data Hub For Broadband Network Services.Business Editors BURNABY, B.C.--(BUSINESS WIRE)--April 18, 2001 Norsat (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 :NSAT NSAT National Secondary Assessment Test (Philippines) )(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 .) Norsat International Inc. (NASDAQ:NSAT)(TSE:NII.) today announced that it has signed an agreement with China Netcom Corporation Limited (CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ), China's leading broadband infrastructure provider, to supply a large, fully redundant SpectraWorks DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. (Digital Video Broadcasting) Data Hub for CNC's Internet gateway in Beijing. Norsat will also be supplying a number of Ku-band satellite terminals for CNC's initial satellite broadband rollout. Delivery and installation are scheduled for completion by the end of April 2001. The CNC order follows similar successes with other South East Asian and Chinese network operators. Norsat is now receiving customer signoff on these advanced management systems as they are put into multimedia application service, solidifying Norsat's position as a complete solution provider. About CNC China Netcom Corporation Limited ("CNC") is a facilities-based broadband telecommunications operator in China. The Company provides a full spectrum of services and solutions to meet the broadband telecommunications needs of businesses and individuals. Its core business includes providing Internet broadband access and integrated telecom services to residential and corporate customers, and building the infrastructure for China's New Economy. Its comprehensive collection of telecom licenses, including the license to operate international gateways out of China, puts it in peer with incumbent operators such as China Telecom. About Norsat Norsat International Inc. designs, engineers and markets premium products for use in the satellite wireless communications industry. Norsat develops satellite broadband terminals and DVB Data Hubs for the broadband IP market and is a supplier of 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. components and after-market maintenance and repair services, through Norsat Atlanta. 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. |
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