OTTAWA, January 11, 2022 – C-COM Satellite Systems Inc., (TSXV: CMI and OTCQB: CYSNF) (“C-COM” or the “Company”) a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today that it has received orders in excess of $3 Million USD for its iNetVu® antenna systems from various customers in the US, Europe and Asia.
The systems have been purchased by reseller partners, in multiple countries, and will be deployed by commercial customers in the Telecom and Energy markets for cellular backhaul, disaster management and oil & gas exploration, respectively.
“While the worldwide pandemic has dramatically slowed down sales into many regions in 2021, it now appears that business for C-COM in 2022 is rebounding at a fast pace from around the world.
Despite supply channel and component shortage issues which are affecting many manufacturers, our extensive inventory of ready to ship products makes it possible for us to fulfill large orders within weeks.
C-COM remains a dominant player in the auto-acquire VSAT terminal market and is delivering the most advanced high in demand solutions to our worldwide customer base,” commented Leslie Klein President and CEO of C-COM. “These significant orders, from both new and existing resellers, are indicative that our highly reliable motorized antennas continue to be in great demand, and of significant value, to even the most demanding customers,” Klein continued
Most of these orders have already shipped in December and January and others are expected to be delivered before the end of C-COM’s second quarter ending May 31, 2022.
The Company offers classic and next generation Driveaway, Flyaway, Fixed Motorized, and Backpack systems (iNetVu®) for any vertical market where communications are challenged due to disruption or deficiency. C-COM has more than 20 different Comm-on-the-Pause antenna models, integrated with all major modem manufacturers, approved with most major satellite operators, and is working closely with more than 550 active dealers in over 100 countries. More than 8,500 iNetVu® systems have been sold since the brand’s inception.
Working with a renowned research team at the University of Waterloo, the Company is also developing an electronically steerable, Comm-on-the-Move Ka-band flat panel antenna system based on phased array technology with the potential to revolutionize satellite’s addressable mobile markets for land, airborne and maritime. The potential market for these types of antennas is predicted to be $42.8 billion by 2026, according to Research and Markets.
C-COM expects that this new modular platform will eventually provide a cost-effective solution for a wide range of applications—from fixed to mobility satellite broadband services, and for the rapidly emerging millimeter-wave 5G cellular services. The goal is to develop a leading world market product line based on this technology, and to use existing distribution channels to sell and support this future product.