Le Lézard
Classified in: Tourism and vacations, Transportation, Science and technology

Aerkomm Corrects its Global Partner Network


FREMONT, Calif., April 24, 2018 /PRNewswire/ -- Aerkomm Inc. (OTCQX: AKOM) ("Aerkomm" or the "Company") today announced that it is correcting its previously announced global network of connectivity partners to not include Global Eagle Entertainment's ("Global Eagle") network partner Malindo Air at this time. Aerkomm, through its wholly owned operating subsidiary, Aircom Pacific, Inc. ("Aircom"), is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry.

In a previously published release, Aircom announced that it had entered into a letter of intent with Global Eagle, a leading global provider of satellite-based connectivity and media, to provide connectivity solutions to Global Eagle's partner network, including to Malindo Air, a Malaysian-based regional airline as the initial targeted deployment.

Jeffrey Wun, CEO of Aerkomm said, "The collaboration with Global Eagle and its network partners has not been finalized. While we continue to work with Global Eagle in anticipation of providing services to its network partners, it was premature for us to include Malindo Air in the previously published release."

The previously reported MOUs are all nonbinding and as a result, they only express the desires and understandings between the parties and do not create any legally binding rights, obligations or contracts except for certain customary provisions such as exclusivity, costs and expenses, confidentiality and governing law.  The Company cannot provide any assurances that any of these previously announced MOUs will lead to a definitive agreement.

About Aerkomm Inc.

Aerkomm Inc. (OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. The Company strives to become a leading provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its airline partners and passengers for free, generating revenue through advertising and on-board transactions.

More information about Aerkomm is available at www.aerkomm.com.

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Registration Statement on Form S-1 filed with the Securities and Exchange Commission (SEC File No. 333-222208) on December 20, 2017, as amended most recently on April 12, 2018 and declared effective on April 13, 3018. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Investor Relations Contacts:

Jeremy Roe, Managing Partner
Integra Consulting Group LLC
[email protected]
+1 (925) 262-8305

 

SOURCE Aerkomm Inc.


These press releases may also interest you

at 04:19
In the news release, SEMIFIVE Starts Mass Production of its 14nm AI Inference SoC Platform based Product, issued 27-Mar-2024 by SEMIFIVE over PR Newswire, we are advised by the company that the sixth paragraph, first sentence, should read "'AI...

at 04:10
Storytel's Annual Report and Sustainability Report 2023 is now published and available as a downloadable PDF document on our website.  FNCA Sweden AB is the Company's Certified Adviser. For more information, please contact:Mattias Frithiof, Head of...

at 04:00
Yukon Group, Europe's leading thermal imaging and night vision company, has launched the world's first upgradable thermal monocular for civilian use. The Pulsar Telos LRF XP50 is set to become an indispensable tool for hunters, explorers and rescuers...

at 04:00
Growing Bolder, a leading lifestyle content producer, and OTT Advisors (OTTA), a leading advisory service for digital strategy, are partnering to launch the world's first active-lifestyle streaming platform for the world's fastest-growing and most...

at 03:40
KLab Inc. announced that its hit 3D action game Bleach: Brave Souls will be holding the Thousand-Year Blood War Zenith Summons: Reinforcements from Sunday, March 31. See the original press release (https://www.klab.com/en/press/) for more...

at 03:30
Electric vehicles (EVs) are a primary method to reach a net zero transportation sector, but in addition to CO2 emissions, overall sustainability is becoming an increased focus point. However, sustainability is a very complex topic that does not tend...



News published on and distributed by: