Norsat Signs Reseller Agreement With Hong Kong's Broadcast Technology Limited - BTL - To Accelerate The Deployment Of SpectraWorks DVB Date Hubs Into Asia.
BURNABY, B.C.--(BUSINESS WIRE)--Nov. 29, 2000
BTL Orders First SpectraWorks DVB Data Hub
Norsat International Inc. (Nasdaq:NSAT)(TSE:NII.), today announced that it has signed a reseller agreement with Hong Kong's Broadcast Technology Limited (BTL) Group to accelerate the deployment of the Company's SpectraWorks DVB Data Hub and other products into China and throughout the Asia Pacific Region.
The Company also announced that BTL has placed an initial order for a data hub that will be used to demonstrate SpectaWorks' industry leading performance capabilities.
The BTL Group is a system integrator and a leading developer, marketer and distributor of state of the art digital communication applications. The Group's key target markets are broadcasting, Internet and telecommunications in China and throughout the Asia Pacific Region. The SpectraWorks DVB Data Hub enables broadcasters, satellite operators, Internet Service Providers (ISPs) and private intranet operators to offer, two-way, high speed Internet access, virtual private networking, distance learning, video conferencing, multicast video streaming, Internet telephony, large volume data transfer and other services across both terrestrial and satellite networks.
"BTL has well-established channels to television broadcasters, ISPs and cable companies throughout China and South East Asia," said Robert H. Bucher, Norsat's President and CEO. "Their customers are the primary target for the components and systems developed and marketed by Norsat Broadband Networks. By working with BTL, we will be able to more rapidly generate income from the Asian marketplace, initially with our hubs, and Norsat will be well-positioned to leverage this installed-base into a market for our satellite broadband terminals. "
"We are very impressed by the performance of the Norsat DVB Data Hub," said Lam Sai Cheong, Managing Director of the BTL Group. "The Norsat brand name is well-known and respected around the world and we look forward to a very productive and profitable partnership."
Norsat International Inc. designs, engineers and markets premium products for use in the satellite wireless communications industry. It has two principal operating units. Norsat Broadband Networks develops satellite broadband terminals and DVB Data Hubs for the broadband IP market. Norsat Atlanta is a supplier of VSAT components and after-market maintenance and repair services.
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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|Date:||Nov 29, 2000|
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