23:21:17 EDT Sat 27 Apr 2024
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C-Com Satellite Systems Inc
Symbol CMI
Shares Issued 42,136,400
Close 2023-10-31 C$ 1.12
Market Cap C$ 47,192,768
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C-Com to receive $815,845 funding for tech development

2023-10-31 10:49 ET - News Release

Dr. Leslie Klein reports

C-COM RECEIVES ADDITIONAL FUNDING FOR ITS PHASED ARRAY ANTENNA TECHNOLOGY DEVELOPMENT

C-Com Satellite Systems Inc. is receiving advisory services and conditional funding of up to $815,845 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) over the next two years to support the continued development of its phased array antenna technology.

The NRC IRAP funding will be used to continue the development of beam-forming integrated circuits (BFICs) for satcom (satellite communications) applications. The $1.82-million project will focus on the development of a low-cost, highly efficient BFICs for Ka-band electronically steered antenna. This new funding will allow C-Com to develop and validate the next generation of highly efficient and cost-effective antenna modules.

C-Com has been developing a Ka-band flat panel antenna based on advanced phased array technology for enabling high-throughput mobility applications over satellite targeting land, airborne and maritime markets.

The fully electronically steered phased array mobile satellite antenna has been designed to operate on the latest LEO (low Earth orbit), MEO (medium Earth orbit) and GEO (geostationary equatorial orbit) constellations.

C-Com is in the final stages of testing of its 4,096-element transmit-and-receive electronically steered phased array antenna, which utilizes commercially available MMICs (monolithic microwave integrated circuits). The testing of this antenna is being carried out in the labs at the Centre for Intelligent Antenna and Radio Systems (CIARS) at the University of Waterloo. "The development of new modules based on the next generation low-cost, high performance MMICs will give C-Com's phased array antenna a competitive edge," said Bilal Awada, chief technology officer of C-Com Satellite Systems.

"We very much appreciate the support and assistance from NRC IRAP. This funding will allow C-Com to continue the development and advancement of our ESA [electronically steered antenna] antenna technology. It will take us a step closer towards the completion of the design, testing and manufacturing of an affordable and competitive electronically steered phased array antenna system, which will play a significant role in delivering high speed broadband solutions to global mobile satellite communication markets," said Dr. Leslie Klein, president and chief executive officer of C-Com Satellite Systems.

About C-Com Satellite Systems Inc.

C-Com Satellite Systems 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 through 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 and gas exploration, military communications, disaster management, SNG (satellite news gathering), 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. 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 over LEO, MEO and GEO satellite constellations.

The company is publicly traded on the TSX Venture Exchange (TSX-V: CMI) and on the U.S. OTC (over-the-counter) exchange (OTCQB: CYSNF).

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