C-COM Receives Over $1,000,000 Worth of Orders From Argentina and Russia

OTTAWA, ONTARIO, Nov 30, 2010 (MARKETWIRE via COMTEX) — C-COM Satellite Systems Inc.(CA:CMI 0.34, 0.00, 0.00%) (“C-COM” or the “Company”) a leading global provider of mobile auto-deploying satellite antenna systems today announced that it has received orders in excess of $1,000,000 from resellers in Argentina and Russia.
The Argentinean order was placed by Telespazio Argentina S.A., based in Buenos Aires, while the Russian orders came from multiple resellers in the region.
The iNetVu(R) vehicle mount antenna systems will be used by Telespazio Argentina on an important project for the Argentinean Ministry of the Interior and for the Municipal Government of the City of Buenos Aires. Telespazio will be delivering a complete turnkey solution including installation, support and satellite connectivity to these government customers.
“This is the largest single order the company has received to date from Argentina for its iNetVu(R) products. The iNetVu(R) antenna systems are becoming the number one choice for mobile satellite applications throughout South America. We are very pleased to be associated with such an illustrious company as Telespazio Argentina, which has a commanding presence throughout the region,” said Leslie Klein, President and CEO of C-COM.
All of these orders will be completed and shipped by November 30th, 2010.
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(R)) antenna that allows the delivery of high- speed satellite based Internet services into vehicles while stationary virtually anywhere where one can drive. The iNetVu(R) Mobile antenna has also been adapted to be deployable from transportable platforms. 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(R) is a registered trademark of C-COM Satellite Systems Inc.
About Telespazio
Telespazio S.p.A., a joint venture between Finmeccanica (67%) and Thales (33%), is a world leader in satellite services: from management of satellites to Earth observation services, from satellite navigation to broadband multimedia telecommunications. Telespazio plays a leading role in the reference markets harnessing technological experience acquired over the years and through its participation in major European space programs such as: GALILEO, EGNOS, GMES and COSMO-SkyMed. The company in 2009 generated sales of EUR 372 million, and employed around 2,000 staff.
Telespazio Argentina (TA), a subsidiary of Telespazio S.p.A., operates in Argentina since 1994. The company is a leader in the supply of satellite services in Latin America and provides high added value services and offers a wide range of solutions to public and private users both national and international. The company works in the sector of Telecommunications, Earth Observation, territorial management, environmental and agricultural monitoring, civil protection, infomobility and space programs.
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.
Press Release via Market Watch