WINNIPEG, June 24 /CNW/ - Novra Technologies Inc. (NVI: TSX; Venture), a provider of broadband technologies for satellite, cable and wireless networks announced today that it has completed the delivery of its S75 DVB/IP receivers to NOVANET, Canada's fast growing independent satellite Teleport operator and systems integrator. The contract calls for 525 custom-designed S75 receivers which are to be deployed at a large Canadian client with offices across North America. Key reasons why the S75 was selected by NOVANET include superior performance characteristics, reliability, and price. "We are proud to have a partner like NOVANET whose management has been instrumental in bringing Novra's products and solutions to the Canadian market place. We shall continue working closely with them to expand our market presence here in Canada" stated Mr. Harris Liontas, President and CEO of Novra Technologies Inc. "We have worked closely with Novra for the past two years, both in the lab and with field trials" stated Joe Uyede, President and CEO of Novanet Communications. "Their unique S75 DVB/IP receiver has proven to be extremely solid and we chose and deployed this unit confidently with its stable performance and reliability". About Novra Technologies Inc. Novra Technologies offers premium broadband products, applications and services centered on transport of Internet (IP) traffic using Digital Video Broadcasting (DVB) standards. Current products include the S75, A75 and the C75 (high throughput, cost-effective DVB satellite ATSC and cable receivers); the IPE-400 series of DVB-IP encapsulators, and Novra's NovraLink in-store narrowcasting television solution. About NOVANET Novanet Communications is a wholly owned subsidiary of ATX Incorporated, a privately held telecommunications company. As one of Canada's leading suppliers of customized information and delivery solutions, Novanet designs, builds, manages and maintains, satellite and microwave-based networks for the distribution of multimedia information. Its reputation has been earned through innovation and application of digital and multimedia technologies on private and shared networks since 1989. Forward Looking Statements Statements in this release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Novra's public filings with securities regulatory authorities. TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The statements contained in this release that are not historical facts are forward looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. The Company relies upon litigation protection for forward-looking statements.
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