Norsat Awarded NATO
Basic Ordering Agreement
(11 March 2008) Norsat International
Inc., a leading provider of intelligent satellite solutions, announced today
that its has signed a Basic Ordering Agreement (BOA) with NATO's Consultation,
Command and Control Agency (NC3A) for its OmniLink and GLOBETrekker portable
satellite terminals, as well as its suite of microwave
products.
"Being awarded this BOA opens the door to a large
range of potential customers for Norsat, as we now have formal access to new
market opportunities for which we could not have previously been a contender,"
said Dr. Amiee Chan, president and CEO Norsat International Inc. "Although
there is no immediate dollar value tied to this type of agreement, establishing
such contract vehicles makes it easier for customers to order products from
Norsat."
A BOA is a procurement vehicle whereby the contract is
negotiated in advance and placed centrally with a supplier. The BOA outlines
the clauses that will be applicable to the future procurement of a specified
range of goods and services. In the case of NC3A BOAs, all basic contract
provisions are agreed upon, including prices or a definitive pricing
methodology, after which NATO, NATO Member Nations and other eligible
purchasers can place individual orders against the central contract. NC3A
negotiates all BOAs on behalf of NATO in accordance with NATO guidelines and
procedures.
About Norsat International Inc.
Norsat International
Inc. designs, engineers and markets intelligent satellite solutions for
high-speed data transmission.
(source: Norsat International)
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