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Gold/Mining/Energy : Com Dev International

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To: Chris Stovin who wrote (190)	11/24/2000 2:17:28 PM
From: Dan Hamilton	Read Replies (1) of 216

ComDev optimistic, seeks partner By Business Media Network staff Toronto-based satellite firm Com Dev International announced on Thursday it expected revenue to grow by 50% in 2001 for its satellite products division, if it is able to find a partner to share the cost of research and development. According to Com Dev, analyst expectations are easily achievable if the company can find a partner for its wireless product. Although it intends to penetrate the lucrative Asian market, high costs for research and development could impact earnings for 2001. "We are looking for 50% top-line growth for next year," said Keith Ainsworth, Com Dev CEO. The company makes fiters, antennas and amplifiers for satellites. It is creating a product called M/ERGy, which delivers high-speed Internet access to customers, even while travelling at speeds of up to 160 kilometres an hour. Ordinary wireless connections through mobile phones normally cannot maintain signals at that speed. It also is much cheaper than other systems, according to Com Dev, with a deployment cost of one-quarter to one-eighth of an existing network.

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