Norsat Announces Agreement with Quick Link Communications.Business Editors & Technology Writers BURNABY, British Columbia--(BUSINESS WIRE)--June 12, 2002 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 :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 .TO) a leading provider of microwave products and open satellite networks, announced an agreement it signed with Quick Link Communications Ltd. ("Quick Link"), to purchase up to 500 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. Ku-band terminals for broadband communication to remote locations, primarily in the oil and gas industry. Quick Link, a leading Satellite Access Service Provider, offers the only hybrid fiber, teleport and satellite network in Canada. The initial shipments of VSAT Ku-band terminals commenced in June. The agreement includes plans to cooperatively produce competitive and differentiated Ku-band terminals for the high-end commercial VSAT market which will be geared to deliver a superior Telco independent service. A secondary objective of the partnership will involve Quick Link and Norsat working together to develop and promote next generation VSAT solutions. "Norsat is known in the satellite industry for delivering high quality products. We selected them to partner with us in this strategic opportunity based on that well-deserved reputation," said Chris Lewis Chris Lewis may refer to:
"By leveraging the combined experience and resources of Quick Link and Norsat, our customers will benefit with competitive, high performance terminal products," confirmed Mark Ahrens-Townsend, President and CEO of Norsat. "We are pleased to be Quick Link's partner of choice and look forward to a long and mutually rewarding relationship." About Norsat Norsat International Inc. designs and markets infrastructure products and open standard satellite networks for high-speed data transmission. With over 1.8 million microwave products shipped and open standard networks installed worldwide, Norsat is a recognized market leader. About Quick Link Quick Link Communications Ltd. ("Quick Link"), a leading Satellite Access Service Provider ("SASP SASP Separation and Airspace Safety Panel SASP State Agencies for Surplus Property (distribution of government surplus property) SASP Small Arms Serialization Program SASP Special Ammunition Supply Point SASP Surface Air Sampling Program "), is a privately held Canadian telecommunications company See telecom company. headquartered in Calgary, that is focused on enhancing and extending corporate Wide Area Networks. Quick Link owns and operates a robust satellite and terrestrial communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. for the distribution of IP data, Internet, voice, and facsimile. The Company also supports additional services such as video streaming and data multicasting to meet the needs of enterprise customers and geographically isolated communities. Quick Link provides a managed network of tailored services that integrate satellite technology with existing networks. For more information, visit www.qlccom.com. 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. |
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