CORAL SPRINGS, FL, Oct. 31, 2016 /CNW/ - As the race heats up to create the most innovative and unique in-flight connectivity services and products, funding for new technology advancements and acquisitions increases as tech leaders aim to build unique revenue stream as a result of infusing evolving technology into various aviation/drone/aerospace operations. Tech stocks in the markets of note include: Gogo, Inc. (NASDAQ: GOGO), Airborne Wireless Network (OTC: ABWN), Globalstar, Inc. (NYSE: GSAT), Rockwell Collins Inc. (NYSE: COL) and Facebook Inc. (NASDAQ: FB)
Airborne Wireless Network (OTCQB: ABWN) is pleased to announce that on October 28, 2016 it submitted its application and related documentation with the Federal Aviation Administration (FAA) for initial certification. The application outlines a civilian air-to-air communication system, a first of its kind. The company's application cover letter states "Airborne Wireless Network is making application for a Supplemental Type Certificate (STC) for a broadband transceiver system to be installed in Boeing 757-200 aircraft. This new patented broadband system will provide light weight, low power, low cost, microwave relay stations on equipped aircraft. The new system provides a chain of airborne repeaters providing communications along the entire flight paths. The purpose of the new project is to replace low-earth orbit (LEO) communication satellites with broadband wireless communications networks linking aircraft to aircraft and ground stations".
Read the full ABWN Press Release at: http://financialnewsmedia.com/profiles/abwn.html
This FAA application is significant as the company intends to expand on this initial certification program to include multiple aircraft types, including all major airframes actively flying in the worlds airline fleets. Since our system is to be deployed on existing commercial aircraft, and not on unmanned platforms, there are no limitations on flights over populated areas, making it the most affordable and practical way to achieve future global connectivity.
In other technology news & developments in the markets this week:
Gogo Inc. (NASDAQ: GOGO), a leader in connected airplanes, last week announced it is expanding its in-flight entertainment (IFE) service, Gogo Vision, to better serve its international customer base by offering studio-licensed movies and TV episodes in seven languages. Gogo is the leading provider of wireless in-flight entertainment in business and commercial aviation. The enhanced language capabilities are part of a larger initiative to provide the broadest entertainment offerings for customers worldwide, and in the United States, to choose from while in flight, and will be available in early 2017.
Globalstar, Inc. (NYSE: GSAT) and its partner, ADS-B Technologies, announced last month the completion of the NASA Langley Research Center research flight with the Cirrus SR22 Unmanned Aerial System (UAS) Surrogate designed to test the operation of the ADS-B Link Augmentation System (ALAS). Initial results indicated continuous communication between the aircraft and Globalstar's satellite system with only brief interruptions during extreme maneuvering, which reconnected quickly.
Rockwell Collins Inc. (NYSE: COL), a global leader in high-integrity solutions for aerospace and defense, and B/E Aerospace Inc. (BEAV), the world's leading manufacturer of aircraft cabin interior products, recently announced that they have entered into a definitive agreement under which Rockwell Collins will acquire B/E Aerospace for approximately $6.4 billion in cash and stock, plus the assumption of $1.9 billion in net debt.
Facebook Inc. (NASDAQ: FB) Communications Developments: Recently filed documents with the FCC show that Facebook has requested the right to operate an experimental radio in the 2.4 GHz band. "The purpose of this operation is to test potential new communications applications and equipment in a controlled, low-altitude airborne environment," one filing says. Read more at http://www.businessinsider.com/facebook-to-test-wireless-equipment-on-small-drone-2016-10
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Airborne Wireless Network by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group LLC
For further information: FN Media Group, LLC, Contact email: [email protected], Phone: +1-(954)345-0611, URL: http://www.financialnewsmedia.com