NEW YORK, Nov. 10, 2011 /PRNewswire/ — Steel Partners, Ltd. (“Steel”) today announced the expiration of its tender offer to purchase up to 4,700 shares of common stock of NOVT Corporation (Pink Sheets: NVTP) (the “Company”) at a price of $450.00 per share, net to the tendering shareholder in cash, without interest thereon and less any required withholding taxes.

The tender offer expired at 5:00 p.m., New York City time, on November 9, 2011. American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, has indicated that, as of the expiration of the tender offer, 3,730 shares of the Company’s common stock had been validly tendered and not withdrawn pursuant to the tender offer. Steel has accepted for purchase pursuant to the terms of the tender offer all shares that were validly tendered and not withdrawn in the tender offer and payment for such shares will be made promptly in accordance with the terms of the tender offer. Upon the acquisition of those shares validly tendered and not withdrawn, Steel will increase its ownership of shares of common stock of the Company from approximately 68.4% to approximately 81.5%.

MacKenzie Partners, Inc. is the Information Agent for the tender offer and any questions with respect to the tender offer may be directed to MacKenzie Partners, Inc. by telephone at (800) 322-2885 or email at tenderoffer@mackenziepartners.com.

SOURCE Steel Partners, Ltd.