[SatNews] Norsat International Inc. (“Norsat”) (TSX: NII and NYSE MKT: NSAT) announces they have received an approximate $700,000 follow-on order to the original $3.5 million award announced on February 19, 2015, from a Tier 1 Eurasian defense contractor for a range of Norsat’s portable satellite terminals.
This follow-on order increases the total contract awarded to approximately $4.2 million.
The increase in order is for additional units of Norsat’s MarineLink maritime VSAT terminals and for the 0.9 meter Journey Manpack portable satellite terminal, the newest in Norsat’s broad portfolio of satellite solutions. Norsat’s MarineLink shipboard terminals offer a 3-axis operating platform and a 360 degree high-speed tracking antenna that ensures a reliable link in even the most difficult sea conditions. The 0.9m Journey Manpack consists of an easily portable, rapidly deployable, satellite terminal that weighs less than 25 kilograms.
Norsat expects to ship the majority of the terminals in late 2015 with follow on deliveries throughout 2016.
Dr. Amiee Chan, chief executive officer of Norsat, said, “This follow-on order by a Tier 1 Eurasian contractor demonstrates the high level of satisfaction they have with the Norsat solutions to meet their needs of providing communications in remote and challenging applications. Additionally, this order builds upon the bookings momentum that we have had over the last year, especially within our military related businesses, helping to set the stage for growth in the back half of 2015 and into 2016.”