OTTAWA, May 27, 2014 – C-COM Satellite Systems Inc., (TSXV: CMI) the leading global provider of mobile auto-deploying satellite antenna systems, and ViaSat Inc. (NASDAQ: VSAT), one of the world’s leading satellite operators and service providers, have signed an agreement to develop a low profile, Ka-band mobile antenna system for the emerging commercial Ka-band services market. C-COM will manufacture, sell and support this new on-the-move antenna product under ViaSat license.
C-COM sells its highly acclaimed Comm-On-The Pause auto-deploy iNetVu antennas worldwide and plans to use its existing distribution channel to commercialize the new Comm-On-The-Move mobile antenna.
“We want to bring affordable high speed broadband connectivity over satellite to our land-based customers, much the same way commercial airlines are rolling it out for inflight broadband connection.” said Bilal Awada, Chief Technology Officer of C-COM Satellite Systems.
C-COM has selected Viasat as the ideal technology partner to enter the Comm-On-The-Move market as a result of their extensive experience with Ka-band technology and world renowned high speed satellite services.
“We are delighted to take our existing relationship with ViaSat to the next level” said Leslie Klein, CEO of C-COM Satellite Systems Inc. “We share a common objective to leverage our strengths and experience for the benefit of our customers and strive to deliver state-of-the-art technology and service solutions that will enhance their Internet experience”, Leslie Klein continued.
“We look forward to this collaboration that will combine our technology strengths and bring mutual benefits to the customers of both companies,” said Stefano Vaccaro, Managing Director at ViaSat.
The first pre-production in-motion antenna system units are expected to be available by the fall of 2015.
ViaSat provides systems and services that deliver fast, secure communications, Internet, and network access to virtually any location for consumers, governments, enterprises, and the military. ViaSat also offers communication system design and a number of complementary products and technologies. Based in Carlsbad, California, ViaSat has established a number of locations worldwide for customer service, network operations, and technology development. Visit www.viasat.com for more information.
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®) antenna that allows the delivery of high-speed satellite based Internet services into vehicles while stationary virtually anywhere where one can drive. The iNetVu® 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 solutions for both fixed and mobile applications throughout the world. More information is available at: www.c-comsat.com
iNetVu® is a registered trademark of C-COM Satellite Systems Inc.
Exede is a service mark of ViaSat Inc.
Caution Regarding Forward Looking Statements
This press release contains forward-looking statements based on management’s expectations, estimates and projections. Statements relating to expected results of the development activities described above, C-COM’s plans to manufacture and sell the products resulting from such development activities, benefits to be derived by C-COM and its customers from such products and the timing of availability of products resulting from the development activities are all examples of forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company’s control, could cause events and results to differ materially from those stated. The development efforts may not be successful or may not result in products that C-COM can manufacture and sell profitably. The anticipated effectiveness of the products and the benefits expected to be derived from such products may not be realized in full or at all. Many factors could delay completion of the development and availability of products, which would result in anticipated revenues from such products being delayed or in the most serious cases eliminated. The Company disclaims any obligation to publicly update or revise any such statements except as required by law.
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.