[1]Vancouver – Norsat International Inc. [2], announced today that it has acquired Ireland-based Bluemoon 4G Ltd. (“Bluemoon”), a provider of WiMAX solutions. Norsat will purchase a 100% stake in Bluemoon for five million (5,000,000) Norsat common shares. The all-stock transaction allows Norsat to complement its’ product portfolio with the addition of a comprehensive end-to-end turnkey WiMAX solution.
“With the acquisition of Bluemoon, we accelerate our entry into the WiMAX market and expand our geographic reach into markets in emerging countries,” said Dr. Amiee Chan. “We believe this acquisition is aligned with our strategic diversification into the commercial sector and will deliver long term growth and increase Norsat’s profitability.”
Bluemoon is a privately held company whose flagship product WiMAX–in-a-Box has both commercial and military applications and is easily scalable from as little as 10,000 subscribers. The product is extremely well suited to rapid deployment in markets lacking extensive communications infrastructure. Aside from Bluemoon’s technical expertise in WiMAX, the company has successfully gained sales traction in rural markets such as Africa and South East Asia.