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SN74LVC1T45-EP: SN74LVC1T45-EP

Part Number: SN74LVC1T45-EP
Other Parts Discussed in Thread: SN74LVC1G17-EP

I need to drive a 3.3V logic signal 3m on a cable. Can I use this device to translate it to 5V and then re translate it back to 3.3V? It is used not a high speed signal. More like a logic state (Resets etc). 

SN74LVC1T45-EP

Thanks,

Divakar