C-COM Receives $1.7 Million of New Orders
December 4, 2012 - Ottawa, Ontario
C-COM Satellite Systems Inc. (TSX VENTURE: CMI) ("C-COM" or the "Company") a leading global provider of mobile auto-deploying satellite antenna systems, announced today that it has received $1,700,000 in new orders in its first quarter for its iNetVu® mobile antenna products from Russia, Japan and China.
The iNetVu® Mobile satellite antenna systems will be used for emergency communications, military, oil and gas exploration and disaster management. All of these systems are expected to be delivered before the end of the first quarter, February 2013.
"Russia continues to contribute significantly to C-COM's revenue stream and the country is an important and rapidly growing market for our company. We are also seeing renewed interest in our products from Japan for emergency communications, where over 320 iNetVu® antenna systems have been deployed to replace downed cell towers following the Tsunami last year." said Leslie Klein, President and CEO of C-COM. "Our customers value the ease of use, cost effectiveness and high reliability of our iNetVu® antenna systems, which in many instances, are deployed to deliver life saving communication solutions."
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 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.
C-COM Satellite Systems Inc.
(613) 745-4110 ext. 4950
(613) 745-1172 (FAX)