C-COM Reports Quarterly Dividend

Rhea-AI Summary

C-COM Satellite Systems Inc. (CYSNF) announced the payment of a $0.0125 per share dividend, representing a 4.13% yield on an annualized basis. The company's President and CEO, Leslie Klein, expressed satisfaction in rewarding loyal shareholders with this quarterly dividend. C-COM's iNetVu® mobile proprietary antennas and associated services cater to various sectors requiring affordable mobile 2-way high-speed Internet over Satellite connectivity.

Ottawa, Ontario--(Newsfile Corp. - January 19, 2024) - C-COM Satellite Systems Inc., (TSXV: CMI) (OTCQB: CYSNF) a leading global provider of commercial grade mobile auto-deploying satellite antenna systems, today announced the payment of an eligible dividend in the amount of $0.0125 per common share payable on February 16, 2024, to all shareholders of record as of February 2, 2024. Based on the closing price of $1.21 per share on January 18, 2024, this dividend represents a yield of 4.13% on an annualized basis.

"We are pleased that we can continue to be able to reward our loyal shareholders with this quarterly dividend," said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.

The C-COM iNetVu^® mobile proprietary antennas, and services associated with these products, are used in mobile applications by corporations, government agencies, the military, law enforcement agencies, homeland security, utility vehicles, oil and gas platforms, police, fire, medical and other security, and emergency services with a need for affordable mobile 2-way high-speed Internet over Satellite connectivity.

About C-COM Satellite Systems Inc.

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C-COM Satellite Systems Inc. is a pioneer in the design, development, and manufacturing 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.

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 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. 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.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194810

FAQ

What dividend did C-COM Satellite Systems Inc. announce?

C-COM Satellite Systems Inc. announced a dividend of $0.0125 per common share.

When is the dividend payable?

The dividend is payable on February 16, 2024.

What is the annualized yield of the announced dividend?

The dividend represents a yield of 4.13% on an annualized basis.

What products does C-COM Satellite Systems Inc. offer?

C-COM offers iNetVu® mobile proprietary antennas and services for mobile applications requiring affordable mobile 2-way high-speed Internet over Satellite connectivity.