C2SAT SIGNS DISTRIBUTION AGREEMENT WITH NORSAT INTERNATIONAL INC.
(NGM: C2SAT)
Stockholm, Sweden, 9 of October 2009 – C2SAT (NGM-Stock Exchange, C2ST), a supplier of stabilised antenna systems, announced today that it has signed a non-exclusive agreement for distribution, service and installation distribution with Norsat International Inc., Canada, a leading provider of intelligent satellite solutions.
Dr. Amiee Chan, CEO & President of Norsat International stated, “As we grow our new business vertical in the maritime industry, it is important to align ourselves with high quality products required to meet customer’s needs. The C2SAT system has proven itself with excellent satellite communication during dynamic conditions, both for commercial and military use. The agreement provides us with reliable antennas which significantly increase the level of service to our current and future customers.”
“We welcome the cooperation with Norsat. Norsat supplies installation and support with global coverage and this cooperation enables us to significantly expand our market reach and is in line with C2SAT´s strategy to cooperate with established solution providers and system integrators. Furthermore teaming up with Norsat secures the availability of competent service engineers, trained on C2SAT’s products.” says Fredrik Nygren, CEO C2SAT.
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 include: 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, United Kingdom; Stockholm, Sweden; Rome, Italy; and Daejeon, South Korea. Norsat International Inc. is listed on the TSX under the ticker symbol NII and traded on the OTCBB under the symbol NSATF. (www.norsat.com)
About C2SAT
Headquartered in Solna, Sweden, with a subsidiary in Singapore, and a BSO in Shanghai, China, C2SAT develops, manufactures and supplies innovative stabilised VSAT antenna systems that provide vessels in motion with on-line two-way satellite broadband communication. The system is protected by
a series of global patents. C2SAT holding AB (publ.) is listed on the NGM Stock Exchange with the ticker C2ST and with Mangold as market maker. C2SAT is a registered trademark. (www.C2SAT.com)
For further information, please contact:
Fredrik Nygren, CEO, C2SAT
Dalvägen 16, SE-169 56 Solna, Sweden
Tel: +46 8 748 01 40, fredrik.nygren@C2SAT.se
Lars Davås, CFO & Investor Relations C2SAT
Dalvägen 16, SE-169 56 Solna, Sweden
Tel: +46 8 748 01 40, lars.davas@C2SAT.se
Norsat International Inc. in Canada:
Dr. Amiee Chan, + 1 604-821-2808
President & CEO
achan@norsat.com
Caren Holtby
Investor Relations
choltby@norsat.com
or in the US:
Eugene Syho, + 1 604-821-2838
Chief Financial Officer
esyho@norsat.com
Adam P. Lowensteiner
Wolfe Axelrod Weinberger Assoc. LLC
+1 212 370 4500
adam@wolfeaxelrod.com