C-COM Satellite Systems (CVE:CMI), a provider of mobile auto-deploying satellite antenna systems, has added another achievement to its impressive roster with Tuesday's announcement that Hughes Network Systems has qualified the company's new generation iNetVu Ku 981 antenna system for use with Hughes HN/HX Systems.
The news came the day after shares in the company jumped as high as $2.06 to settle at $2.00 on the TSX-Venture Exchange, a dime below the 52 week high of $2.10, meaning that stock in the Ottawa-Ontario business has more than tripled since the start of the year.
The Hughes certification announced Tuesday will allow the iNetVu 981 mobile antenna - one of the new generation of auto-pointing antenna terminals which C-COM started manufacturing last year -- to be deployed on all networks around the world that use Hughes HN/HX Systems satellite equipment.
The Germantown, Maryland-headquartered Hughes, which bills itself as 'the world's leading provider of satellite broadband for home and office', has to date shipped more than 3.3 million systems to customers in over 100 countries, representing over 50 percent market share. Its products employ global standards approved by the TIA, ETSI and ITU organizations, including IPoS/DVB-S2, RSM-A, and GMR-1.
Thus, the certification will expand the addressable market for mobility services even further for C-COM.
"To date, over 1000 C-COM auto-pointing antenna systems have been deployed with Hughes provided modems and services around the world. The results of these deployments and the corresponding Hughes qualification demonstrate the high level of technological ability of the C-COM engineering team," said CEO of C-COM Satellite Systems, Leslie Klein.
"We look forward to continuing to deliver many more advanced and highly reliable auto-pointing antenna systems coupled with Hughes equipment and services to our customers all over the world."
It is another accomplishment for a company that as recently as two weeks ago announced type approval from Avanti Communications for its iNetVu Ka-98G antenna system, making it the only officially approved vehicle mount auto-polarisation antenna able to operate on Avanti's HYLAS 1 and HYLAS 2 Ka-band satellites.
The iNetVu products are proprietary auto-deploying, vehicle-mounted antennas for the delivery of 2-way high-speed, mobile internet services into vehicles or other transportable structures. The technology is unique, in that it delivers high speed internet in locations where there might be no other means of gaining connectivity. The mobile antennas have also been adapted to be airline checkable and easily transportable.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.