LAS VEGAS, April 9, 2018 /CNW/ - Novra Technologies
Inc. ("Novra") (TSX-V: NVI) announced today that it has
received—through one of its Novra Group companies—two new orders
totaling more than $3.2M CAN from a
major international radio broadcaster. The orders are for an
ongoing network upgrade as well as a technology refresh of
satellite uplink infrastructure. Both orders are scheduled for
delivery in Q3 and Q4 of 2018.
With these orders, the first quarter 2018 consolidated sales and
bookings results for the Novra Group of companies—Novra
Technologies, International Datacasting (IDC), and Wegener
Corporation—total approximately $6M
CAN, of which $4.1M CAN is backlog
expected to be delivered in 2018.
Harris Liontas, Novra President
and CEO commented, "Strong bookings and sales results for our first
quarter demonstrate a vote of confidence by our customers in the
strength and stability as well as innovative products and solutions
the Novra Group offers. The combination of these three respected
companies with complementary expertise and products is progressing
well and we're thrilled that industry leaders continue to select us
as a technology partner and trusted supplier."
The announcement was made at the National Association of
Broadcasters (NAB) 2018 convention and trade show where Novra Group
team members will be staffing booth SU2721, showcasing new products
and solutions at the world's largest gathering for broadcast and
media technologies.
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. Forward-looking statements are generally
identifiable by words such as "expected", "anticipates",
"believes", "scheduled", "estimates", "predicts", "outlook",
"plans" "possible" and similar expressions, or statements that
events, conditions or results "will", "may", "could" or "should"
occur or be achieved. These statements are not historical facts but
instead represent Novra's belief regarding future events, many of
which, by their nature, are inherently uncertain and outside of
Novra's control. It is possible that actual results will differ,
possibly materially, from the anticipated results contemplated by
these statements. Factors that could cause actual results to
differ, possibly materially, from those forward-looking statements
are disclosed in our periodic MD&A filings on SEDAR at
www.sedar.com. 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.