WINNIPEG, March 19, 2019 /CNW/ - Novra Technologies
Inc. ("Novra") (TSX-V: NVI) announced today that it has
received—through one of its Novra Group companies—a new order
valued at more than $2.7M CAD from a major international
radio broadcaster. This order is part of an ongoing network upgrade
and is scheduled for delivery in Q3 and Q4 of 2019.
Other recent orders, from both new and returning radio network
customers, total more than $1.3M CAD.
These orders are from commercial, national, and religious
broadcasters around the globe—ranging from Canada, USA
and Mexico to South America, Europe, the Middle
East, and India. They
include expansion and upgrade projects for existing networks, as
well as completely new networks. These radio projects include,
among others, a:
- New order from a previous longtime customer to upgrade their
national network in Peru
- New commercial network customer in Mexico
- New order for radio network serving remote communities in
northern Canada
- Expansion of an existing national network in Asia
- New network for a public broadcaster in Chile
- Expansion of a health/hospital radio network in Peru
- New network in Kyrgyzstan
The Novra Group of companies—Novra Technologies,
International Datacasting and Wegener Communications
—have a long history in the professional audio broadcast space,
with customers on every continent. These orders reflect the
continuing confidence clients have in Novra Group products and
support.
Harris Liontas, Novra President
and CEO commented, "The broadcast radio business—which incidentally
turns 100 next year—is built on long-term relationships. I'm proud
of our team, including our global network of resellers. We're very
pleased that radio industry leaders around the world continue to
select us as a technology partner and trusted supplier, with these
recent orders totaling more than $4.0M CAD. All of these recent orders
collectively reflect the confidence customers have in our strength
and stability as well as the innovative products and solutions the
Novra Group offers to the broadcast radio community."
The Novra Group companies will be unveiling next-generation
products for radio as well as video, data, and digital signage
markets at the upcoming National Association of Broadcasters NAB
show in Las Vegas, April 6-11. International Datacasting will host
the group at its booth in South Hall, SU3621.
About Novra Technologies Inc.: Novra (TSX-V: NVI) is an
international technology provider of products, systems and services
for the distribution of multimedia broadband content. The
Novra Group of companies includes Novra, International Datacasting
Corporation, and Wegener Corporation. The companies in the group
are known for a strong focus on applications including: broadcast
video and radio, digital cinema, digital signage, and highly
reliable data communications. For more information
visit: www.novragroup.com
Forward-Looking Statements: This press release
contains "forward-looking statements" within the
meaning of applicable Canadian securities laws, concerning but not
limited to: our profitability outlook, the pending acquisition of
Wegener, and anticipated developments in our operations in future
periods. Forward-looking statements are generally
identifiable by words such as "expect", "anticipate", "believe",
"intend", "estimate", "predict", "outlook", "potential",
"targeted", "plans" "possible", "poised for", "scheduled", and
similar expressions, or statements that events, conditions or
results "will", "may", "could" or "should" occur or be
achieved. As such, forward-looking statements
are not historical facts but reflect our current assumptions and
expectations regarding future events. These are subject to a number
of risk and uncertainties that could cause actual results or events
to differ materially from current expectations and
assumptions.
For the above reasons, readers are cautioned not to place
undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Novra Technologies Inc.
