The compay is pending details of a commercial agreement by the company.
The halt will remain in place until the opening of trade on Monday 23rd January 2017, or earlier if an announcement is made to the market.
Norwood offers telecommunications services for individual business travellers and organisations globally.
In December 2016 the company signed two new contracts with the US-based firms Cytec Industries Limited and Oceaneering International Inc.
These agreements are expected to generate initial combined revenues in the order of A$100,000 annually.