Mobile Banking Application in Africa Using C-COM Antennas
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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 for any vertical market where satellite communications are needed, including when terrestrial networks are disrupted due to natural or other disasters. C-COM has more than 20 different Comm-on-the-Pause antenna models integrated with all major VSAT modem manufacturers and 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, Ka-band flat panel antenna system based on phased array technology with the potential to revolutionize satellite's addressable market in all mobility markets: 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: .
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 Africa 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 Africa. 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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Contact:
Investor Relations
C-COM Satellite Systems Inc.
Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-1172