An anonymous director reports
C-COM ANNOUNCES AMENDMENT TO OPTION PLAN
C-Com Satellite Systems Inc. has received shareholder approval to amend its option plan to set the number of common shares available for issuance pursuant to options granted under the plan at 8,176,280 common shares, being 20 per cent of the issued and outstanding common shares.
This increase to the option pool was previously described in the meeting materials for C-COM's annual shareholder meeting held on May 10, 2022, and the increase was approved by shareholders at that meeting. All option plan amendments require approval of the TSX Venture Exchange.
About C-COM Satellite Systems Inc.
C-COM Satellite Systems Inc. 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 10,000 antenna systems, in over 100 countries, through a dedicated dealer network that provides service to a wide range of vertical markets such as Oil & Gas Exploration, Military Communications, Disaster Management, SNG, Emergency Communications, Cellular Backhaul, Telemedicine, Mobile Education, Government Services, Mobile Banking, and others. The Company's iNetVutrademark brand is synonymous with high quality, reliability, and cost-effectiveness.
C-COM is in late-stage development of a revolutionary Ka-band, electronically steerable, flat panel phased array antenna system, in cooperation with the University of Waterloo, with the intent of providing low-cost, high-throughput mobility applications over satellite for land, airborne and maritime applications. For additional information please visit www.c-comsat.com
The Company is publicly traded on the Canadian Venture Exchange (TSXV: CMI) and on the US OTC Exchange (OTCQB: CYSNF).
We seek Safe Harbor.
© 2022 Canjex Publishing Ltd. All rights reserved.