Yahoo Finance C-Com Receives US$1 Million of New Orders from Asia
Ottawa, Ontario--(Newsfile Corp. - October 30, 2018) - C-COM Satellite Systems Inc. (TSXV: CMI), the world's leading provider of commercial grade auto-acquire mobile satellite antenna systems, announced today that it has received orders of US$1 Million for its iNetVu® antenna systems from various customers across Asia.
iNetVu® Flyaway Antenna System FLY-981
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The systems have been purchased by reseller partners, in multiple countries, and will be deployed by commercial customers in the Telecom and Energy markets for cellular backhaul, disaster management and oil & gas exploration, respectively.
"In spite of a recent slow down in sales to the region, C-COM remains a dominant player in the auto-acquire VSAT terminal market in Asia," commented Drew Klein, Director of Business Development for C-COM. "These significant orders, from both new and existing resellers, are indicative that our highly reliable motorized antennas continue to be in great demand, and of significant value, to even the most demanding customers," Klein continued.
C-COM expects to deliver these orders over the next few months.
The Company offers classic and next generation Driveaway, Flyaway, Fixed Motorized, and Backpack systems (iNetVu®) for any vertical market where communications are challenged due to disruption or deficiency. C-COM has more than 20 different Comm-on-the-Pause antenna models, integrated with all major modem manufacturers, approved with most major satellite operators, and is working closely with more than 500 active dealers in over 100 countries. More than 8,000 iNetVu® systems have been sold since the brand's inception.
Working with a renowned research team at the University of Waterloo, the Company is also developing an electronically steerable, Comm-on-the-Move Ka-band flat panel antenna system based on phased array technology with the potential to revolutionize satellite's addressable mobile markets for land, airborne and 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 mobile satellite-based antenna systems for the delivery of Broadband Internet to any location via Satellite. C-COM has developed a proprietary, one-button, auto-acquisition controller technology for rapid antenna pointing to a geostationary satellite with just the press of a button, enabling high-speed Internet connectivity where terrestrial markets are overloaded or simply don't exist. The company has sold approximately 8,000 systems to customers in over 100 countries providing service to a wide range of vertical markets such as Oil & Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Banking, and others. The Company's iNetVu® brand is synonymous with high quality, reliability and cost-effectiveness.
In partnership with a renowned research team at the University of Waterloo's Centre for Intelligent Antenna and Radio Systems (CIARS), C-COM has been developing a next generation Ka-band flat panel antenna based on advanced phased array technology for enabling high-throughput mobility applications over satellite: land, airborne and maritime. More information is available at: www.c-comsat.com.
iNetVu® is a registered trademark of C-COM Satellite Systems Inc.
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 the potential deployment of units ordered, what these orders imply about the state of the market in Asia going forward, timing of shipment of orders and the potential impacts of new technology under development all contain 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. Deployment of units ordered may not be as expected by C-COM and the receipt of the orders may not be reflective of the state of the market in Asia. Orders may take longer to ship than anticipated and orders may be cancelled for any number of reasons, some of which are beyond C-COM Satellite Systems' control. Anticipated benefits of the new technology may not be realized, 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's ability to achieve the results mentioned above. These forward-looking statements are made as of the date hereof and C-COM does not assume any obligation to update or revise them to reflect new events or circumstances.
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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.
C-COM Satellite Systems Inc.
Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-7144
lklein@c-comsat.com
