C-COM Satellite Systems Inc., a company specializing in mobile satellite-based antenna systems, has awarded stock options to an officer as part of their annual remuneration package. Pending regulatory approval, the officer will have the opportunity to purchase up to 300,000 shares at $0.95 each.
C-COM, a publicly traded company on the TSX Venture Exchange, is renowned for its proprietary technology in the satellite communications industry. Their technology plays a crucial role in providing Broadband Internet access to underserved areas across the globe. In fact, C-COM’s dealer network has successfully sold over 10,000 antenna systems in more than 100 countries.
Aside from their current offerings, C-COM is actively working on the development of a new Ka-band antenna. This cutting-edge antenna is intended to support low-cost, high-throughput mobility applications. It will serve various sectors within the LEO, MEO, and GEO satellite constellations.
The decision to grant stock options underscores C-COM’s commitment to aligning the interests of its officers with those of its shareholders, while fostering growth within the satellite broadband market. It is a testament to the company’s ongoing efforts to expand its global presence and innovate in the field of satellite technology.