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NEW YORK, NY / ACCESSWIRE / September 2, 2021 / AdvanceTC Limited, (NSX:A88)(OTCQB:ATCLF) ("AdvanceTC" or "the Company") the premier technology company specializing in the design and development of mobile telecommunication and computing devices is pleased to announce the final stage to launching its X7U product, the one of the kind world's first global satellite android phone.
Satellite communications are based on a network of satellites that are either fixed above the equator (geostationary satellites) or in Low Earth Orbit (about 500-1000 km above the ground). The X7U can connect to the Iridium network of 66 Low Earth Orbit satellites which provide 100% earth coverage.
Most of the attention has focused on those stories related to the rocket launches getting satellites into space but all these satellites will need devices with satellite transceivers on Earth to send and receive data and make use of this new bandwidth. AdvanceTC has a smartphone with satellite capability that has such receiver built into it. The Company envisions a market where its smartphone is used by people that need to have access to multiple modes of communication from one device, not only satellite internet.
The Company's device can compete with bigger consumer brands because it has been designing its devices to address specific user interface requirements and links in the value chain. This assures the company remains valuable even after larger brand names enter the market. The Company growth is focused on marketing phones and to offer services to enable clients' communications. There are approximately 1.5 million satellite phone users in the USA alone and those people use outdated phones to make satellite voice calls or to send text over satellite. AdvanceTC anticipates introducing auxiliary tools to provide communication enabling services that are important to the space consumer communications market including multi-mode communication channels integrated into the device, Software as a Service (SaaS), Data as a Service (DaaS) and carrier services.
The Android based X7U family of devices provide consumers and professional users with:
Main specifications are as follows:
On November 14th 2020 AdvanceTC attended the The National Due Diligence Association (TNDDA) Conference which is for SEC registered broker/dealers, professional due diligence attorneys and a limited number of high net worth investors. We also attended the 14th Annual LD Micro Conference and we had the chance to showcase our company and product. The device itself has received authorization by the United States Federal Communications Commission (FCC) in 2019.
"As the world national economies become more global and as all parts of the globe, the oceans, and the atmosphere are explored by human enterprise, the need for effective wireless interconnection via terrestrial wireless and satellite communications will expand. We will continue to innovate services that are relevant to our market and with time and product inventory expansion our market share can increase. We are not focusing only on providing the full spectrum for emergency but we were aimed to provide everybody with the new era satellite smartphones," said CP Loi, Chief Executive Officer of AdvanceTC Ltd.
About AdvanceTC Limited
AdvanceTC is a premier company specializing in the design, development and commercialization of high tech mobile wireless computing and telecommunication devices since 2005. AdvanceTC W3, a full Windows® OS microcomputer integrated with cellular telephony capabilities and the Xplore X7 the world first android smartphone with satellite messaging and emergency service, fully designed and developed using its own patented proprietary technology and engineering innovation.
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For further information please contact:
Contact:
Name: CP Loi / Chief Executive Officer
Email: loicp@advancetc.com
Website: www.advancetc.us
www.advancetc.com
Forward Looking Information
This news release contains forward looking statements relating to the Proposed Transaction, and the future potential of AdvanceTC. Forward looking statements are often identified by terms such as "will", "may", "should", "intends", "anticipates", "expects", "plans" and similar expressions. All statements other than statements of historical fact, included in this release are forward looking statements that involve risks and uncertainties. These risks and uncertainties include, without limitation, the risk that the Proposed Transaction will not be completed due to, among other things, failure to execute definitive documentation, failure to complete satisfactory due diligence, failure to receive the approval of the NSX and the risk that AdvanceTC will not be successful due to, among other things, general risks relating to the mobile application industry, failure of AdvanceTC to gain market acceptance and potential challenges to the intellectual property utilized in AdvanceTC. There can be no assurance that any forward looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The Company cannot guarantee that any forward looking statement will materialize and the reader is cautioned not to place undue reliance on any forward looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward looking statements contained in this news release are expressly qualified by this cautionary statement. The forward looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward looking statements as expressly required by Australian securities laws.
SOURCE: AdvanceTC Ltd
