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C-COM RECEIVES $2.3 MILLION ORDER FROM ASIA
OTTAWA, July 27, 2010 – C-COM Satellite Systems Inc. (TSXV: CMI) ("C-COM" or the "Company") the leading global provider of mobile auto-deploying satellite antenna systems, today announced that it has received a single order valued at $2.3 million for its iNetVu® mobile antenna systems from one of its leading Asian resellers.
The iNetVu® vehicle mount antenna systems will be used for a number of different applications. The order is expected to be completed prior to the end of November of this year, with initial shipments starting in August.
"This order is the largest single order the company has received to date from Asia for its iNetVu® products. The iNetVu® antenna systems have been very well received throughout Asia and are becoming the de facto standard for mobile satellite applications in one of the fastest growing markets in the world. The iNetVu® systems have proven to be cost-effective, easy to use and extremely reliable." said Leslie Klein, President and CEO of C-COM.
About C-COM Satellite Systems Inc.
C-COM Satellite Systems Inc. is a leader in the development and deployment of commercial grade mobile satellite-based technology for the delivery of two-way high-speed Internet, VoIP and Video services into vehicles. C-COM has developed a unique proprietary Mobile auto-deploying (iNetVu®) antenna that allows the delivery of high-speed satellite based Internet services into vehicles while stationary virtually anywhere where one can drive. The iNetVu® Mobile antenna has also been adapted to be deployable from transportable platforms. The company's satellite-based products and services deliver high-quality, cost-effective solutions for both fixed and mobile applications throughout the world. More information is available at: www.c-comsat.com
iNetVu® is a registered trademark of C-COM Satellite Systems Inc.
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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.
Forward Looking Statements
This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. New orders anticipated by C-COM Satellite Systems Inc. may not be received and current orders may be cancelled. New products and services released may not gain market acceptance. Any of those events could have an effect on future performance and C-COM Satellite Systems Inc.’s ability to achieve the results mentioned above. These forward-looking statements are made as of the date hereof and C-COM Satellite Systems Inc. does not assume any obligation to update or revise them to reflect new events or circumstances.
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