C-COM Receives Additional Funding for Its Phased Array Antenna Technology Development

Ottawa, Ontario--(Newsfile Corp. - October 31, 2023) - C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF), the world's leading designer and manufacturer of commercial grade, auto-acquire mobile satellite antenna systems, announced today that it 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 2 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 applications. The $1.82M 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, MEO and GEO constellations.

C-COM is in the final stages of testing of its 4096 elements Transmit and Receive electronical steered phased array antenna, which utilizes commercially available MMICs. 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, CTO of C-COM Satellite Systems Inc.

"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 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 & CEO of C-COM Satellite Systems Inc.

About C-COM Satellite Systems Inc.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5445/185370_8e2e5af2e485ea76_005full.jpg

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 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. For additional information please visit www.c-comsat.com.

iNetVu^® is a registered trademark of C-COM Satellite Systems Inc.

The Company is publicly traded on the Canadian Venture Exchange (TSXV: CMI) and on the US OTC Exchange (OTCQB: CYSNF).

INVESTOR RELATIONS
C-COM Satellite Systems Inc.
Tel: (613) 745-4110 ext. 4950
Fax: (613) 745-7144
lklein@c-comsat.com

# # #

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 statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Statements about C-COM's expectations as to its ability to ship orders and recognize revenue within certain time frames and its intentions with respect to its Ka-band antenna version all contain forward-looking information. Several factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Many factors, some of which are outside of C-COM's control, could cause events and results to differ materially from those stated. Fulfilment of orders could all be delayed for several reasons which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Anticipated benefits of the new technology may not be realized, and new products and services may not be released or, if released may not gain market acceptance. Any of those events and others could influence 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. Readers are directed to the risk factors associated with the business of C-COM Satellite Systems in the company's most recent MD&A available at www.SEDAR.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185370