C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc.

November 09, 2011 09:30 ET

C-COM Receives $2 Million Worth of New Orders From Russia, the Middle East and Europe

OTTAWA, ONTARIO--(Marketwire - Nov. 9, 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 recently received $2,000,000 worth of new orders for its iNetVu® mobile antenna products from Russia, Europe and the Middle East.

The orders from Russia are in addition to the $1.5 million worth of orders announced in August. The iNetVu® mobile antennas will be used for emergency and disaster management as well as for security.

These new orders include the recently announced rapid deployable new generation advanced technology Airline Checkable and the Flyaway iNetVu® antenna systems. The majority of the revenue from these orders is expected to be booked in the 4th quarter of this fiscal year.

"It is gratifying to see repeat orders from our resellers for both legacy and newly announced technologically advanced products. Our resellers and their customers appreciate the high quality, reliability and cost effectiveness of our iNetVu® mobile antennas. A large number of C-COM antennas are already deployed across Russia, Europe and the Middle East, and perform flawlessly even under the most adverse climatic conditions.

We are also seeing a resurgence of new orders from the MENA region, where C-COM has a number of active resellers who have been selling our products to the oil and gas industry and to the military." said Leslie Klein, President and CEO of C-COM.

C-COM is also now reporting the completion of delivery of the final balance of $1,070,000 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 the order could not be finalised until now..

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 or delayed, meaning that expected revenues may be delayed or may not be realized. 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.

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