C-COM Satellite Systems Inc.
TSX VENTURE : CMI

C-COM Satellite Systems Inc.

August 16, 2011 09:30 ET

C-COM Receives $1.5 Million Worth of Orders From Russia

OTTAWA, ONTARIO--(Marketwire - Aug. 16, 2011) - C-COM Satellite Systems Inc. (TSX VENTURE:CMI) ("C-COM" or the "Company") one of the leading global providers of mobile auto-deploying satellite antenna systems, has announced today that it has received $1,500,000 worth of orders for its iNetVu® mobile antenna products from a number of its Russian resellers.

The iNetVu® Mobile satellite antenna systems will be used for oil and gas exploration, military communication, satellite news gathering and disaster management. Some of the systems have already shipped this month and all will be delivered before the end of August.

A number of antenna systems are configured with the recently announced iNetVu® 7000C controllers, which support the GLONASS satellite navigation system. This modern GPS system is operated by the Russian Space Forces on behalf of the Government of Russia. The same controller already supports the US GPS system and will also support the Chinese Compass and the European Galileo satellite navigation systems. C-COM is one of the first companies in the world offering its Russian and other global customers the benefits of worldwide GPS coverage provided by two satellite navigation systems.

"The Russian market continues to be a very large and a very important market for C-COM. Our extensive customer base in that region values the cost effectiveness and the high reliability of our iNetVu® antenna systems, which in many instances deliver life saving communication solutions and are counted on to perform reliably every time they are deployed. We are pleased to see the steady flow of repeat orders from our Russian resellers and we appreciate their continued support." said Leslie Klein, President and CEO of C-COM.

C-COM is also now reporting delivery of $1,152,000 worth of iNetVu® mobile antennas to one of its Asian resellers. This contract (worth $2.3 million) was announced last fiscal year, but due to customer requested delays it did not ship until this month. The balance of this order should be delivered in the 4th quarter of this fiscal year.

About C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc. is a leader in the development 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 unique proprietary Mobile auto-deploying (iNetVu®) antenna that allows the delivery of high-speed satellite based Internet services 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. The company's satellite-based products and services deliver high-quality, cost-effective solutions for both fixed and mobile applications throughout the world. 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 information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. New orders anticipated by C-COM Satellite Systems Inc. may not be received and current orders may be cancelled. New products and services released may not gain market acceptance. Any of those events could have an effect on 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.

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

  • Investor Relations
    C-COM Satellite Systems Inc.
    (613) 745-4110 ext. 4950
    (613) 745-1172 (FAX)
    lklein@c-comsat.com