Business & Finance
Business and Finance
Business and Finance
Tue, January 20, 2009Mon, January 19, 2009Fri, January 16, 2009Thu, January 15, 2009Wed, January 14, 2009Tue, January 13, 2009Mon, January 12, 2009Sun, January 11, 2009Fri, January 9, 2009Thu, January 8, 2009Norsat International Inc.: Norsat Establishes EMEA Headquarters
Published in Business and Finance on Wednesday, January 14th 2009 at 5:51 GMT, Last Modified on 2009-01-14 05:52:13 by Market Wire
VANCOUVER, BC--(Marketwire - January 14, 2009) - Norsat International Inc. ("Norsat") (TSX: [ NII ]) (
"In 2008 Norsat initiated a strategic plan for growth in the EMEA market which included the announcement of two new business units and two new sales offices. As a result of our ongoing success, it is with great excitement that 2009 begins with the announcement of an EMEA regional headquarters," said Dr. Amiee Chan, president and CEO Norsat International Inc.
Scheduled to open before the end of January, the offices at the Switzerland location will provide the centrality required to support Norsat's regional sales offices located in Sweden, the United Kingdom, Italy and Monaco.
"Sustaining regional growth requires strong regional presence. The EMEA headquarters will provide the support needed to meet today's initiatives while ensuring Norsat's ongoing growth and future developments in the region across all business units," said Dr. Amiee Chan, president and CEO Norsat International Inc.
Headquartered in Vancouver, Canada, Norsat now has a local presence in six countries, as well as a growing network of 140 resellers worldwide.
About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. The company's portfolio of capabilities includes: microwave components; fixed, transportable, ultra-portable, vehicle-mounted and maritime satellite systems; turnkey maritime navigation and communications systems; and end-to-end network services. Norsat is headquartered in Vancouver, Canada, with offices in Annapolis, Maryland; Lincoln, the United Kingdom; Stockholm, Sweden; Monte Carlo, Monaco; Rome, Italy; and Daejeon, South Korea. Additional information is available at [ www.norsat.com ], via email at [ investor@norsat.com ] or by phone at 1-604-821-2808.
Forward-Looking Statements
Statements in this news 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.
This information should be read in conjunction with Norsat's audited consolidated financial statements and related notes included therein for the three months ended September 30th, 2008, and the Management Discussion and Analysis for the three months ended September 30th, 2008. All of the company's financial statements are prepared in accordance with Canadian generally accepted accounting principles (Canadian GAAP). Additional information may be found at [ www.norsat.com ].
