CORAL SPRINGS, Florida, October 31, 2016 /PRNewswire/ --
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 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 (OTC: 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 world's 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
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