More IPTK news. .03 x .04. No convertible debt. Recent 10q shows first time revenue, tiny profit, low debt, mostly to "related parties" which is ok in my book. Bold is my emphasis
"AS-IP Tech, Inc.’s World’s First Bluetooth Smart Inflight Connectivity Solution To Be Launched by Jetfly
May 24, 2016 11:49 AM Eastern Daylight Time
GENEVA, Switzerland--(BUSINESS WIRE)--AS-IP Tech, Inc. (OTCMKTS:IPTK) announced today that its distributor BizjetMobile Europe has secured Jetfly as the launch customer for CHiiMP Smart, the world’s first Bluetooth Smart inflight connectivity solution.
CHiiMP Smart was unveiled at the European Business Aviation Convention & Exhibition (EBACE) as the smallest, lightest and most inexpensive inflight connectivity system in the industry that utilises Bluetooth Smart technology to provide voice, text and email functions.
At EBACE, Jetfly CEO Cedric Lescop said, “We’re excited to be installing the CHiiMP Smart system on our fleet of Pilatus PC-12’s. Our aircraft owners, crew and clients will now be able to stay in contact wherever and whenever they fly. We chose CHiiMP Smart because of its simplicity, easy installation and low operating costs. It will further enhance our commitment to be ‘simply closer.’”
AS-IP Tech, Inc. CEO Ron Chapman said, “AS-IP Tech, Inc. is pioneering an alternate course of connectivity in the global aerospace industry. We expect CHiiMP Smart to show the world that our range of Bluetooth Smart connectivity solutions are an exciting alternative to the traditionally expensive Wi-Fi platform. Our ambition is to be the first in the world to deliver inflight communications to passengers for the same price in the air as on the ground. We believe AS-IP Tech, Inc.’s unique Bluetooth Smart platform will be the catalyst that upheaves traditional communication models on airlines and beyond.”
About AS-IP Tech, Inc.
AS-IP Tech, Inc. is the world leader of Bluetooth Smart inflight connectivity solutions for aircraft. Since 2007 its team has pioneered a range of inflight connectivity systems for business jets that utilise Bluetooth technology as a low-cost alternative to Wi-Fi. AS-IP Tech, Inc. released its first product under the brand BizjetMobile in 2014. Since this time BizjetMobile has successfully commercialised a range of unique connectivity solutions across a variety of aircraft globally. AS-IP Tech, Inc. is currently developing an exciting new connectivity solution for the airline world."
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