Provider of mobile auto-deploying satellite antenna systems, C-COM Satellite Systems Inc. (CVE:CMI), added another high point to an already stellar year Wednesday, when the company's share price crested its previous 52 week high.
The addition of 14 cents in early deals took its share price to $2.18 as of 10.30am EST, an increase of more than 5 per cent and well above the stock price of 66 cents that opened the calendar year. In fact, the value of stock in the Ottawa-headquartered business has more than tripled since the start of 2013.
The new high comes amidst a series of high-profile announcements and new partnerships that have seen shares spike several times in the last month alone.
Less than two weeks ago, C-COM announced that Hughes Network Systems had qualified the company's new generation iNetVu Ku 981 antenna system for use with Hughes HN/HX Systems. That certification allowed 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 HN/HX Systems satellite equipment from Hughes, which bills itself as 'the world's leading provider of satellite broadband for home and office', and has to date shipped more than 3.3 million systems to customers in over 100 countries.
That announcement came less than a fortnight after the company announced type approval from Avanti Communications for its iNetVu Ka-98G antenna system.
Avanti, which sells satellite data communications services to telecoms companies, uses two satellites, called HYLAS 1 and HYLAS 2, to provide superfast broadband satellite in Europe, Africa, the Caucasus and the Middle East.
The iNetVu Ka-98G mobile is the only officially approved vehicle mount auto-polarisation antenna that is able to operate on Avanti's HYLAS 1 and HYLAS 2 Ka-band satellites, according to the Ottawa, Ontario-based company's statement.
What's more, that news came two weeks after a strategic partnership with Vislink (LON:VLK), under which the U.K.-based secure communication technology provider would promote, market, sell and support the C-COM manufactured range of iNetVu products.
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.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.