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Norsat
Enters
into
First
Maritime
Service
Agreement
in
Europe
13
May
2009
Norsat
International
Inc.
has
been
selected
by
the
Minister
of
Agriculture
of
Italy
to
manage
the
satellite
based
vessel
monitoring
system
(VMS),
also
known
as
Blue
Box.
This
is
Norsat’s
initial
entry
into
the
maritime
satellite
space.
The
Blue
Box
program
is
critical
for
the
Minister
of
Agriculture
of
Italy
to
ensure
Italian
fishing
vessels
are
complying
with
international
fishing
boundaries.
By
using
satellite
communications,
the
location
of
each
vessel
is
constantly
updated
and
monitored
by
the
Coast
Guard
of
Italy.
The
program
encompasses
all
Italian
fishing
vessels
greater
than
15
meters
in
length
and
provides
Norsat
the
opportunity
to
service
up
to
2900
vessels.
The
potential
revenue
from
individual
annual
subscription
renewals
is
in
excess
of
two
million
US
dollars.
“We
are
very
pleased
to
have
been
selected
to
manage
a
national
vessel
monitoring
system
as
part
of a
government
program.
This
allows
us
to
push
into
a
new
market
vertical
-
maritime
communications
-
and
provides
for
the
recurring
revenue
streams
we
are
seeking,”
said
Dr.
Amiee
Chan,
president
and
CEO
of
Norsat
International
Inc.
“It
is
exciting
to
note
that
we
have
already
secured
three
hundred
thousand
dollars
worth
of
contracts
in
this
period
of
time.
It
is
also
important
to
point
out
that
the
same
technology
we
are
providing
in
this
program
can
be
expanded
into
other
European
maritime
communities.”
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