Press release from Marketwire
C-COM Receives $1 Million in Orders From Russia
Tuesday, April 10, 2012
OTTAWA, ONTARIO--(Marketwire - April 10, 2012) - 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 $1,000,000 in orders for its iNetVu® mobile antenna products from Russia.
The iNetVu® Mobile satellite antenna systems will be used for oil and gas exploration, military communication and disaster management. Some of the systems have already shipped and the balance will be delivered before the end of April.
A number of antenna systems are configured with the 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. 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 contribute significantly to C-COM's revenue stream and is an important and rapidly growing market for our company" said Leslie Klein, President and CEO of C-COM. "Russian customers value the 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
C-COM Satellite Systems Inc. Investor Relations (613) 745-4110 ext. 4950 (613) 745-1172 (FAX) firstname.lastname@example.org
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