C-COM Receives $1.2 Million in Orders

Funding Rounds

Summary

OTTAWA, ON--(Marketwired - September 21, 2016) - C-COM Satellite Systems Inc. (TSX VENTURE: CMI), a leading global provider of mobile auto-deploying satellite antenna systems, announced today that it has received $1.2 million (US) in orders in the last 30 days from its resellers in Europe, South America and Asia. Almost all of these orders are for C-COMs new generation iNetVu® Ka-band series antennas which have been certified for use on a number of High Throughput Satellites (HTS) reflecting a growing acceptance for the newest and most advanced products from C-COM. These antenna systems (Flyaway and Vehicle based) are fully compatible with a number of next generation satellite modems and will be used in multiple vertical markets, including cellular backhaul, disaster recovery, broadcasting and government services. 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. 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.

$ Funding

$
Amount $1.2M Total raised
Date September 22, 2016 Announcement date
Investors - Lead investors
Company http://www.c-comsat.com Funded company

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