Published:
Norsat Announces Retirement of Gaetano Manti From Board of Directors
Norsat International Inc. today announced the retirement of Mr. Gaetano Manti from the board
of directors. Mr. Manti has indicated that he wishes to devote additional
time and energy to both his European business interests and his family.
Mr. Manti, an Italian entrepreneur and president of a Milan-based
conglomerate, joined the board in June 2002. He is credited with
spearheading the launch of the company's flagship product line, the Norsat
OmniLink(TM), while he served as Chairman of the Board between June 2002
and September 2003. Mr. Manti also served as the Chair of the Human
Resources and Compensation Committee in 2003.
"As an investor, I feel very confident about the capability of the
management team and the Board of Directors to lead Norsat towards a bright
future of growth and success," said Mr. Manti.
"Gaetano has made an enormous contribution to the turnaround of Norsat. His
counsel and astute advice, as well as his strong commitment and energy,
will be greatly missed. It is a very different company from the one he
joined in 2002," said Mr. Ken Crump, Norsat's Chairman of the Board.
The search for Mr. Manti's replacement is currently underway.
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(TM) 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.
Distributed by Filing Services Canada and retransmitted by Market Wire
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Telecom:TelecommunicationEquipment, Telecom:TelecommunicationServices, Telecom:Cable and SatelliteServices, Telecom:Networking, Telecom:Wireless, ,BC,BURNABY, BC
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