We can and we will. We're on our feet. Company prospects are bright enough to have attracted venture capital funding. The company will likely go to an initial public offering within a year to 18 months, Mr. Rossiter says. The prospect of being acquired by some larger company seems less likely.
Growth is the name of our game.
Until this summer, SkyWave had very little market concentration in Canada. In August, Industry Canada granted the company a licence to operate an Inmarsat service. Its tracking services will face one main Canadian competitor, Mr. Rossiter says. CanCom of Mississauga also provides terminals to track large vehicles. The Mississauga company's equipment is more sophisticated than SkyWave's, since it allow exchanges of text between a vehicle's driver and the dispatcher of a fleet.