[SatNews] Norsat International Inc. (“Norsat”) (TSX: NII and OTC BB: NSATF), provider of communication solutions and transmission of data, audio and video for remote and challenging applications, announced that its shares of common stock have been approved for listing on the NYSE MKT, subject to continued satisfaction of listing requirements. Norsat anticipates that its common stock will begin trading on the NYSE MKT on February 10, 2015. Norsat’s ticker symbol will be "NSAT" and its shares will cease trading on the OTCBB concurrent with the listing of its shares on the NYSE MKT. The Company’s Common Shares will also continue to trade on the Toronto Stock Exchange (the “TSX”) under the symbol “NII.”
Founded in 1977, Norsat International Inc. provides communication solutions that enable the transmission of data, audio and video for remote and challenging applications. Norsat's products and services include leading-edge product design and development, production, distribution and infield support and service of fly-away satellite terminals, microwave components, antennas, Radio Frequency (RF) conditioning products, maritime based satellite terminals and remote network connectivity solutions.
Dr. Amiee Chan, chief executive officer of Norsat, commented, “Listing on the NYSE MKT represents a key milestone for Norsat as we continue to expand our leadership position within the highly specialized communications marketplace in which we operate. This was an important objective to accomplish as it offers our shareholders expanded visibility and liquidity by providing access to a much broader segment of the investment community that is able to acquire and trade the company’s shares. We look forward to the further implementation of our strategic business plan to grow Norsat’s business, which when coupled with a listing on a national exchange like the NYSE MKT, should translate into enhanced shareholder value going forward.”