An anonymous director reports
C-COM ANNOUNCES ISSUANCE OF STOCK OPTIONS
C-Com Satellite Systems Inc., pursuant to the requirements of the TSX Venture Exchange, has granted options to purchase 300,000 common shares of C-Com to a director and officer of C-Com. The stock options were granted pursuant to the terms of C-Com's stock option plan and are exercisable at $2.51 per share.
These grants form part of the overall annual remuneration package. Stock option grants are subject to necessary regulatory approvals.
About C-Com Satellite Systems Inc.
C-Com is a pioneer and world leader in the design, development and manufacture of transportable and mobile satellite-based antenna systems. The company has developed proprietary, auto-acquisition controller technology for rapid antenna pointing to a satellite with just the press of a button, enabling broadband Internet via satellite across a wide range of market applications worldwide, including regions unserved or underserved by terrestrial access technologies.
C-Com has sold more than 8,500 antenna systems in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as oil and gas exploration, military communications, disaster management, SNG, emergency communications, cellular backhaul, telemedicine, mobile education, government services, mobile banking, and others. The company's iNetVu brand is synonymous with high quality, reliability and cost-effectiveness.
C-Com is in late-stage development of a potentially revolutionary Ka-band, electronically steerable, modular, conformal, flat-panel phased array antenna. In co-operation with the University of Waterloo, C-Com is engaged in the design of this unique antenna with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime verticals.
iNetVu is a registered trademark of C-Com.
The company is publicly traded on the TSX Venture Exchange and on the OTCQB Venture Market.
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