OTTAWA, May 10, 2022 –C-COM Satellite Systems Inc., (TSXV: CMI and OTC: CYSNF) a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today, that it received a multimillion USD order for its iNetVu® 1200 Vehicle Mount antenna systems from one of its resellers.
The first group of these antenna systems have already been delivered, with the balance scheduled to ship in the second and third quarters of C-COM’s 2022 fiscal year.
This significant purchase of the iNetVu® 1200 Vehicle Mount marks one of the largest orders the company has received for this specific system. The 3-axis, fully motorized auto pointing antenna system designed to be mounted on the roof of vehicles or transportable structures, is one of the best-selling C-COM manufactured products. There are several thousands iNetVu® 1200’s deployed globally – from the most Northern parts of Canada to the deserts of Africa and Australia for use in disaster management, oil and gas exploration, emergency services, military, mobile banking, and in many other vertical markets.
This fully automatic antenna can be transported on a vehicle or a trailer to any location where no connectivity exists and with a press of a button the antenna can locate the desired satellite and deliver Broadband Internet connectivity.
C-COM iNetVu® 1200 Vehicle Mount Antenna
“This significant order from a global leader in satellite communications, is a testimony to the quality and reliability as well as the world-wide acceptance of the iNetVu® series of antennas.” said Leslie Klein, President, and CEO of C-COM. “The ability for C-COM to rapidly deliver a large number of antennas, despite worldwide supply chain issues, is validated by large orders like these,” Klein continued.
“The Company continues to innovate and modernize the mobile SATCOM business by offering the highest quality, cost-effective and most reliable products coupled with fast delivery and first-rate customer support.” Klein added.
C-COM offers classic and next generation Driveaway, Flyaway, Fixed Motorized, and Manpack systems for any vertical market where communications are limited or challenging due to disruption or deficiency. The Company’s products are integrated with all major modem manufacturers and approved world-wide with most major satellite operators. The company works closely with more than 600 active resellers / integrators in over 100 countries.
C-COM is also collaborating with a renowned research team at the University of Waterloo on the development of an electronically steerable, Ka-band flat panel antenna system that is based on a patented phased array beam forming technology. This system has the potential to revolutionize satellite addressable mobility markets (land, air, maritime).
About C-COM Satellite Systems Inc.
C-COM Satellite Systems Inc. is a pioneer and world leader in the design, development, and manufacture of transportable and mobile satellite-based antenna systems. The Company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling Broadband Internet via Satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies.
C-COM has sold more than 10,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as Oil & Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Education, Government Services, Mobile Banking, and others. The Company’s iNetVu® brand is synonymous with high quality, reliability, and cost-effectiveness.
C-COM is in late-stage development of a revolutionary Ka-band, electronically steerable, flat panel phased array antenna system, in cooperation with the University of Waterloo, with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime applications. For additional information please visit www.c-comsat.com
iNetVu® is a registered trademark of C-COM Satellite Systems Inc.
The Company is publicly traded on the Canadian Venture Exchange (TSXV: CMI) and on the US OTC Exchange (OTCQB: CYSNF).
# # #
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 statements. These statements relate to future events or future performance and reflect management’s current expectations and assumptions. Statements about C-COM’s expectations as to its ability to weather the challenges it faces, future prospects, growth and revenue, and statements about its electronically steered phased array antenna, including the potential for it become a commercially available product are all forward-looking information. Several factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Anticipated benefits of the new technology may not be realized within the time frames anticipated or at all, and new products and services may not be released or, if released may not gain market acceptance. Any of those events and others could influence 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. Readers are directed to the risk factors associated with the business of C-COM Satellite Systems in the company’s most recent MD&A available at www.SEDAR.com.