A few weeks before it reports its third-quarter earnings, Ottawa’s C-Com Satellite Systems (TSX-V:CMI) says its received US$1.28 million worth of antenna orders from several African resellers.
The local firm, which sells mobile satellite antennas that allow customers to access a broadband internet connection from remote locations, said this week that its latest orders will be used by government, military, banking and broadcast customers.
In Africa, C-Com says its technology has been used for mobile banking, wildlife protection, election polls, telemedicine and a “tax office on wheels,” among other applications.
OBJ360 (Sponsored)
Enjoy rustic luxury at Fairmont Château Montebello on the Ottawa River
Look no further for a bit of rest and relaxation this summer than Château Montebello, the log cabin resort that offers rustic luxury.
Enjoy rustic luxury at Fairmont Château Montebello on the Ottawa River
Look no further for a bit of rest and relaxation this summer than Château Montebello, the log cabin resort that offers rustic luxury.
“While C-Com has been active in Africa for a number of years, the mobile (satellite internet) market has been slow to develop for economic reasons,” said Drew Klein, C-Com’s director of business development, in a statement. “These significant orders, from both new and existing C-Com’s Africa-based integrators, are an indication that market conditions in the region may be improving.”
In July, the local firm reported second-quarter revenues of $2.7 million and an after-tax profit of $282,044 – its 29th consecutive profitable quarter.
Its stock price was flat on Tuesday at $1.04 per share.
