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Share Name | Share Symbol | Market | Type |
---|---|---|---|
C Com Satellite Systems Inc | TSXV:CMI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.13 | 1.13 | 1.25 | 0 | 21:00:01 |
C-COM Satellite Systems Inc., (TSX VENTURE:CMI) the leading global provider of mobile auto-deploying satellite antenna systems, announced today that it has entered into a strategic partnership with Vislink (LSE:VLK) a United Kingdom based secure communication technology provider. Vislink will promote, market, sell and support the C-COM manufactured range of iNetVu(R) products, which would complement Vislink's existing product range and allow it to expand into new vertical markets including oil & gas; mining; police, fire, emergency and disaster management. The iNetVu(R) mobile antennas will be integrated with Vislink's technology and sold by Vislink to their customers as turnkey systems. C-COM will also promote and sell Vislink's high end SNG and MSAT antenna products by making it available to all its resellers around the globe. "C-COM's Ka-band iNetVu(R) Mobile antennas combined with Vislink's broadcast and security solutions should open up new vertical markets for both companies. Vislink's global presence combined with our worldwide reseller network will allow us to generate incremental revenues by delivering new applications to our mutual customer base," said Leslie Klein, President and CEO of C-COM Satellite Systems Inc. C-COM and Vislink will co-operate on joint R&D projects to develop new products and to leverage on the support programs and incentives offered for research and development in Canada. "The combined resources and strengths of both companies should reduce overall costs for research and development and also reduce time to market," said Bilal Awada, CTO of C-COM Satellite Systems Inc. John Hawkins, Executive Chairman of Vislink, says, "We have found C-COM very easy to do business with. The iNetVu(R) products are of excellent quality and really do enhance our own product ranges. Through this cooperation including future joint developments we see a great opportunity to grow together." About Vislink plc The Vislink Group is a global technology business specialising in the collection and delivery of high quality video and associated data from the field to the point of usage. Vislink provides solutions to the broadcast market for the collection of live news, sport and entertainment events and to the surveillance market including defence, law enforcement and public safety customers. With offices in the UK, USA, Australia, UAE, South Africa and Singapore, Vislink employs over 250 people worldwide. Our solutions include the design and manufacture of microwave radio, satellite transmission, cellular and wireless camera systems; our development and manufacturing operations are in the UK and the USA. The Company is fully listed on the London Stock Exchange (LSE:VLK). For further information, visit www.vislink.com. 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. Founded in 1997, C-COM has developed a unique proprietary 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 antennas have also been adapted to be airline checkable and easily transportable. The company's satellite-based products and services deliver high-quality, cost-effective and reliable solutions for mobile applications throughout the world. More information is available at: www.c-comsat.com. The Company is listed on the Toronto TSX Venture Exchange (TSX VENTURE:CMI). iNetVu(R) is a registered trademark of C-COM Satellite Systems Inc. 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. 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. FOR FURTHER INFORMATION PLEASE CONTACT: C-COM Satellite Systems Inc. Investor Relations (613) 745-4110 ext. 4950 (613) 745-1172 (FAX) lklein@c-comsat.com www.c-comsat.com
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