CMI - C-Com Satellite Systems records bumper sales in August
(NewsDirect)
C-Com Satellite Systems Inc (TSX-V:CMI,OTCQB:CYSNF) CEO Leslie Klein speaks to Thomas Warner from Proactiveafter the satellite-based antenna systems company announced it soldmore than US$3 million of equipment during August 2023.
Klein starts by giving a brief overview ofhow the business has been performing over the last eighteen months,highlighting its successful reemergence from the COVID-19 pandemic anda ramp-up in sales since, particularly in their innovative Manpackproduct, which is portable and ideal for emergency and militaryapplications.
Klein emphasises thattheir products, although not currently built to militaryspecifications, are gaining traction in the military market due totheir user-friendliness and affordability. He notes that C-Com has adiverse product portfolio with 30 offerings catering to varioussatellite markets and highlights the company's impressivefinancial stability, with no debt and $25 million in working capital.
He also suggests that C-Com is onthe verge of revolutionising the satellite communication industry withthe development of an electronic phased array antenna forcommunication on the move, opening doors to a potential $17 billionmarket.
Klein will be presenting this groundbreaking technologyat the Planet MicroCap conference in Vancouver on 6 September.
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