C-COM Signs Memorandum Of Understanding With U.S. Defense Contractor
(EMAILWIRE.COM, March 14, 2006) OTTAWA, Canada – C-COM Satellite Systems Inc. (TSXV: CMI) has entered into a memorandum of understanding with an unnamed major United States based satellite communications and systems provider.
The unnamed company according to the signed MOU will become a C-COM reseller of the iNetVu Mobile Platforms to the United States Department of Defense and other U.S. Government agencies. The two companies will also cooperate in the joint development of specific products for resale world wide.
While the memorandum of understanding is not binding it is the parties intention to negotiate and execute a definitive agreement no later than June 15th, 2006 covering specific details described in this MOU. There can be no assurance that any agreement will be ultimately executed.
“We are pleased to have been selected to potentially partner with this company and are looking forward to working with them to deliver our existing and future products to a large vertical market, with significant potential” said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.
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 antenna has also been adapted to be deployable from transportable platforms. 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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