C-COM Satellite Systems Inc., a company known for its mobile satellite-based antenna systems, has granted stock options to an officer as part of their annual remuneration package. The officer is now eligible to purchase up to 300,000 shares at $0.95 each, pending regulatory approval.
The company, which is traded on the TSX Venture Exchange, has made significant strides in the satellite communications industry with its proprietary technology. This technology is pivotal in providing Broadband Internet access to underserved areas around the globe. To date, C-COM’s dealer network has successfully sold over 10,000 antenna systems across more than 100 countries.
In addition to its current offerings, C-COM is actively developing a new Ka-band antenna. This advanced antenna is expected to support low-cost high-throughput mobility applications. It will cater to a variety of verticals within the LEO, MEO, and GEO satellite constellations.
The move to grant stock options comes on Tuesday as part of C-COM’s commitment to aligning the interests of its officers with those of its shareholders and driving growth within the satellite broadband market. The initiative reflects the company’s continued efforts to expand its global footprint and innovate within the satellite technology space.
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