Norsat Opens South Korean Facility
[12-19-07 – Satellite Today] Norsat International Inc. will open a research and development facility in South Korea to develop components for Norsat’s microwave products and satellite systems business units, the company announced Dec. 19.
“Extending our operations into Korea will facilitate our overall growth initiatives and accelerate our [research and development] efforts,” Amiee Chan, president and CEO of Norsat, said in a statement. “Norsat Korea will provide us with a cost-effective means for driving continued expansion of our product portfolio, and by establishing a local presence in Korea, we will be well positioned to successfully introduce our full suite of satellite products to a new and growing geographic market.”
The center, scheduled to open in the 2008 first quarter, will be located in Daejeon Metropolitan City, which is South Korea’s fifth largest city and the home of Daedeok Science Town, a science park comprised of more than 230 research and educational institutions.