OTTAWA, September 29, 2015–C-COM Satellite Systems Inc. (TSXV: CMI; US – OTC: CYSNF), a leading global provider of mobile auto-deploying satellite antenna systems, has announced today that it has signed a Memorandum of Understanding (MoU) with China Communications Technology Co., Ltd. (CCT).
CCT, based in Shenzhen, China, is one of the largest ICT companies in China with sales in excess of $1Billion USD in 2014. The company is ranked 9th on the Deloitte China High Technology High Growth Top 50 List, and is a leading service provider of high speed mobile broadband communication solutions to Chinese enterprises in China and around the world.
The signed agreement authorizes CCT to become a C-COM reseller and allows them to deliver turnkey solutions integrated with iNetVu® mobile antenna products to their worldwide customer base. The MoU also covers joint research and development projects involving Ka-band SATCOM on the Move (SOTM) antennas that C-COM is currently developing with the University of Waterloo.
“We are pleased to partner with as prestigious a corporation as CCT,” said Leslie Klein, President and CEO of C-COM Satellite Systems Inc. “C-COM has delivered over a thousand iNetVu® antenna systems to China and has developed a stellar reputation for high quality, reliability and first class support. CCT has selected to work with us based on our proven track record and we look forward to working with them in China and in other parts of world,” continued Klein.
“C-COM is a well-known global supplier of auto pointing antenna systems” said Mr. Qing Ding, the Vice President of CCT. “The company is also recognized for its dynamic research and development team, for its high quality manufacturing, and for its large global reseller network. CCT plans to integrate C-COM’s new Ka-band on-the-move antenna system with our mobile broadband solutions and cooperate with the company to rapidly bring to market the next generation engineered material products they are developing. We look forward to working with C-COM to deliver broadband solutions to our enterprise customers in China and elsewhere,” Ding continued.
About C-COM Satellite Systems Inc.
C-COM Satellite Systems Inc. is a leader in the development, manufacture 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 number of proprietary Mobile auto-deploying (iNetVu®) antennas that deliver broadband over satellite into vehicles while stationary virtually anywhere where one can drive. The iNetVu® Mobile antennas have also been adapted to be airline checkable and easily transportable. More than 7000 C-COM antennas have been deployed in 103 countries around the world in vertical markets such as Oil & Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Banking, and others. The Company's satellite-based products are known worldwide for their high quality, reliability and cost-effectiveness.
C-COM is also involved in the design and development of a new generation of Ka-band (communications on the move) antennas, which will deliver satellite broadband solutions into vehicles while in motion.
iNetVu® is a registered trademark of C-COM Satellite Systems Inc.
About China Communications Technology Co., Ltd.
China Communications Technology Co., Ltd. is a global provider and manufacturer of advanced microwave systems as well as a leading systems integrator and provider of wireless communication systems that can support multi-industrial applications. CCT is also a provider of global mobile broadband networks. The company employs over 2000 people with over 20 percent in research and development. CCT’s headquarter is located in Shenzhen, China with offices in Europe, Latin America, North America and Africa. The company is one of the fastest growing Chinese technology companies with annualized growth of 400% over the past number of years. More information is available at: www.huaxunchina.cn
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.