Norsat Files for Nasdaq National Market Listing.Business Editors
BURNABY, B.C.--(BUSINESS WIRE)--July 24, 2000
Norsat International Inc. (TSE See Tokyo Stock Exchange.
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 ) (Nasdaq:NSATF), a developer and marketer of satellite access systems and components, announced today that it has applied for a listing on the Nasdaq National Market. The company is currently trading on the Nasdaq Small Cap Market.
Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications wireless communications
System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. 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.