Norsat International Inc. (“Norsat”) (TSX: NII and OTC BB: NSATF) announced their contract with Bluemoon has expired and will not be renewed. As a result, five million shares of Norsat held in escrow have been returned to Norsat, a highly accretive action for shareholders. While this contract has dissolved, it has been very fruitful in creating many new relationships for Norsat increasing its prospects as a solutions provider within the rapidly expanding wireless broadband market.