C-COM Announces Issuance of Stock Options

Rhea-AI Summary

C-COM Satellite Systems Inc. (TSXV: CMI) (OTCQB: CYSNF) Grants Options to Purchase 300,000 Common Shares to Officer as Part of Annual Remuneration Package

Positive

• C-COM Satellite Systems Inc. grants 300,000 common shares to an officer as part of the annual remuneration package, aligning with the requirements of the TSX Venture Exchange
• The stock options are exercisable at $0.95 per share, providing potential for significant value to the recipient

Negative

• None.

Ottawa, Ontario--(Newsfile Corp. - November 14, 2023) - C-COM Satellite Systems Inc., (TSXV: CMI) (OTCQB: CYSNF) a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, announced today that, pursuant to the requirements of the TSX Venture Exchange, it has granted options to purchase 300,000 common shares of C-COM to an officer of C-COM. The stock options were granted pursuant to the terms of C-COM's stock option plan and are exercisable at $0.95 per share. These grants form part of the overall annual remuneration package. Stock option grants are subject to necessary regulatory approvals.

About C-COM Satellite Systems Inc.

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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

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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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/187374

FAQ

What is the latest announcement from C-COM Satellite Systems Inc. regarding stock options?

C-COM Satellite Systems Inc. has granted options to purchase 300,000 common shares to an officer as part of the annual remuneration package.

How many common shares were granted to the officer?

The officer was granted options to purchase 300,000 common shares.

At what price are the stock options exercisable?

The stock options are exercisable at $0.95 per share.

What is the purpose of the stock option grants?

The grants form part of the overall annual remuneration package for the officer.