Norsat International Inc., a provider of intelligent satellite solutions, announced that it has entered into a strategic partnership with Italy-based Navisystem Marine Electronics S.R.L., a provider of maritime very small aperture terminals.
According to the release, Norsat will sell Navisystem’s marine satellite terminals under the Norsat brand in North America, and Navisystem will act as a non-exclusive reseller of Norsat's satellite systems in Europe, the Middle East and Asia. In addition, the release said, the two companies will explore opportunities for joint development projects, working to leverage each company's respective technology knowledge to introduce a suite of marine satellite terminals that meets the varying needs of government and commercial maritime markets worldwide.
"A 2008 objective for Norsat is to establish a foothold in the global maritime satellite communication market, and this strategic partnership is a key first step," said Dr. Amiee Chan, President and CEO, Norsat International. "Navisystem is a leading developer of maritime satellite terminals, making its product offering a natural addition to our portfolio of satellite systems. We look forward to working with Navisystem to further expand our product suite in an effort to become a strong player in the worldwide maritime satellite communication market."
"Partnering with Norsat expands our geographic reach, enabling us to better capitalize on the global demand for maritime satellite communication systems," said Dr. Brunello Locatori at Navisystem. "By leveraging Norsat's strong brand and leadership position in the portable satellite terminal industry, we believe we will be well positioned to effectively penetrate the North American market."
The companies will be jointly exhibiting at a series of international boat and trade shows this fall.
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