DoD Can Buy Into Norsat Terminal Goodies

Norsat International Inc. [TSX: NII and OTC BB: NSATF] has been awarded a $750,000 Indefinite Delivery/ Indefinite Quantity (IDIQ) contract by the United States Department of Defense (DoD). The contract establishes terms under which the DoD can purchase Norsat’s portable satellite terminals as well as associated support and maintenance through March 2008. The company has fulfilled $500,000 in task orders in association with the IDIQ to provide the U.S. Army with satellite terminals, maintenance and support services. An IDIQ contract does not require the Government to make any purchases above a specified minimum over the life of the contract. While there is no minimum purchase requirement under the terms of Norsat’s IDIQ contract, Norsat has fulfilled and delivered 67 percent of the total contract value to date—Vancouver, British Columbia