SOURCE: Norsat International Inc.

May 03, 2005 09:30 ET

Norsat Positions for Growth: Names George King as New Board Chairman; Appoints Dan Dixon to the Board

VANCOUVER, BC -- (MARKET WIRE) -- May 3, 2005 -- Norsat International Inc. (TSX: NII) (OTC BB: NSATF) announced today that George King has been appointed as the Company's new Chairman of the Board following the resignation of Ken Crump on Sunday. The Company also appointed Dan Dixon to the Company's Board of Directors.

"We would like to salute Ken for the work that he did in helping guide the company through the turnaround stage. Clearly, we are entering a new phase of the company's growth and the Company stands to benefit from the high standards of corporate governance Ken instituted here," said George King.

Mr. Dan Dixon has been appointed to the company's Board of Directors. With over 20 years of experience in senior management, government and public affairs, business development, private and public financing, international business, investor relations and law, Mr. Dixon brings to Norsat considerable multi-disciplined expertise. Mr. Dixon's distinguished career includes serving as a founding director of Cambridge Partners, LLC; as the International Counsel, Investment Advisor, and General Securities Principal for the Seattle-based law firm Foster Pepper & Shefelman; and as the head of a subsidiary company of Foster Pepper & Shefelman. Mr. Dixon also co-founded and chaired the successful Internet company, iCopyright, Inc. and served as Chairman of the Board of BioLab, Inc. Earlier in his career, Mr. Dixon served as Alaska's first Director of International Trade and Investment. Since 2003, he has been a Director on the Board of Advisors for the Seattle Heart and Vascular Institute, Seattle Heart Alliance.

Mr. Dixon graduated from the University of San Francisco School of Law, Juris Doctor Program. In addition, he holds a Bachelor of Arts degree in Anthropology from Oberlin College. Mr. Dixon has served as Director of Seattle's CityClub and the Washington/China Relations Council and has taught at Nagoya National University in Nagoya, Japan.

About Norsat International Inc.

Norsat International Inc. designs, engineers and markets satellite products for high-speed data transmission. For more than 25 years, Norsat has built a strong reputation in the field of satellite technology by providing its customers with innovative products and has now sold over 2.5 million products in 87 countries around the world. Norsat's latest innovation is the Norsat OmniLink™ line of portable satellite terminal products that provide rapidly deployable broadband satellite data and video connectivity in areas where traditional communications infrastructure is insufficient, damaged, or non-existent.

Forward-Looking Statements

Statements in this release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Norsat's public filings with securities regulatory authorities.

Contact Information

  • More Information Contact:
    George King
    Norsat International Inc.
    Phone: 604-292-9000
    Fax: 604-292-9011

    300 - 4401 Still Creek Drive
    Burnaby, British Columbia
    Canada V5C 6G9