Business
Aerkomm Inc. to Supply MJet with In-Flight Connectivity
Aerkomm Inc. to Supply MJet with In-Flight Connectivity.
About this update from Aerkomm Inc.
[{"type":"text","content":"\n\n\n\nAerkomm Inc. to Supply MJet with In-Flight Connectivity\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAerkomm Inc. to Supply MJet with In-Flight Connectivity\nPR Newswire\nFREMONT, Calif., March 18, 2019\n\n\n\nFREMONT, Calif., March 18, 2019 /PRNewswire/ -- Aerkomm Inc. (\"Aerkomm\" or \"the Company\") (OTCQX: AKOM), a provider of in-flight broadband entertainment and connectivity solutions, today announced that its wholly owned subsidiary, Aircom Pacific, Inc. (\"Aircom\") has signed a General Terms Agreement (\"Agreement\") to provide its AERKOMM®K++ in-flight entertainment and connectivity (\"IFEC\") system to MJet GmbH (\"MJet\"), an Austrian business aviation operator based in Vienna.\n\n \n \n\n \nUnder the terms of the Agreement, Aircom will provide, install, and test its AERKOMM®K++ IFEC system on MJet's Airbus ACJ319 aircraft. Aircom will also seek certification for its system from the relevant regulatory parties. Upon successful installation, testing, and certification, Aircom will receive a one-time payment from MJet. The one-time payment will be followed by ongoing monthly payments for the provision of in flight connectivity services, such as the provision of unlimited data to inflight users of the AERKOMM®K++ service.\nMr. Jeffrey Wun, CEO of Aerkomm, commented, \"This agreement marks the beginning of the AERKOMM®K++ IFEC system's commercial entrance into Europe. As our AERKOMM®K++ system continues to gain recognition around the world, we are confident that we will build additional momentum for its commercialization. We look forward to providing MJet with our industry-leading technology.\"\nAbout Aerkomm Inc.\nAerkomm Inc. (OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity, or IFEC, 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,...