SOURCE: C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc.

October 17, 2016 08:00 ET

C-COM Announces Issuance of Stock Options

OTTAWA, ON--(Marketwired - October 17, 2016) - C-COM Satellite Systems Inc. (TSX VENTURE: CMI) today announced, pursuant to the requirements of the TSX Venture Exchange, that it has granted options to purchase 800,000 common shares of C-COM to directors and officers of C-COM. The stock options were granted pursuant to the terms of C-COM's stock option plan and are exercisable at $0.93 per share, being the closing price on the TSX Venture Exchange on the trading day prior to the grant. These grants form part of the overall annual remuneration package for C-COM's directors and officers. Stock option grants are subject to necessary regulatory approvals.

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. More information is available at: www.c-comsat.com

iNetVu® is a registered trademark of C-COM Satellite Systems Inc.

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.

Contact Information

  • Contact:
    Investor Relations
    C-COM Satellite Systems Inc.
    Tel: (613) 745-4110 ext. 4950
    Fax: (613) 745-7144
    lklein@c-comsat.com