Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yea I bet there will be a few with some lower bids in now...lol. I gladly would have taken another few hundred k shares at .004...Those would already be looking great on paper..lol
imho
mj
Down sharply with big volume on no news. Either there is bad news we have not heard yet or this is unrelated to IPTK's fundamentals. One possibility is that someone got a forced buy-in on a margin call. That is my guess as to what is the most likely cause of the drop, as it looks like this was what I call "dog barf selling" (just get it out fast) with no regard for what price they got--just blowing through the bids until the shares were gone.
I took the opportunity to add to my position at .03
Memo to self - days like this are why it can be profitable to always keep a really stinky bid out there on otc stocks. Sometimes you get a dog barf sale like this and shares can fall to you (usually just after the open).
Guess, I was wrong. Under a half a penny. Maybe Ron could say something to his investors to qualm their fears. Not looking good to his faithful followers
Don't know... Guessing either a retail holder got impatient...or an early investor peeled a bit more out? The float and the following here is so thin there aren't many buyers out here with bids in to absorb any selling regardless of where it comes from. Hmm...not sure. Def a rough one to see on paper. Hopefully all is good on the tech side and there aren't any surprises coming. I'm looking for the first 19 planes to be installed anytime if they are hoping to be in Rev generation with WIZZ in Q2. I think this is the first time below my cost avg since I originally bought in 2+yrs ago...certainly not easy to look at. Hopefully this dip is very short lived.
imho
mj
You are correct, all they currently deliver is a moving map, games and some destination videos. This is a battery powered system that requires 2 boxes per aircraft and is recharged every day. Cheap solution for entertainment.
There were 12 vendors providing the same system, half went broke during COVID.
Inflight Dublin and Bluebox are the largest. Both have approached us to enable then. Airfi approached us in 2018 but we declined. Battery powered wifi intranet is a flawed designed. It’s cheap and at least 100 airlines have various version from multiple vendors (many of whom have returned the systems) as they can’t afford real connectivity.
First of all, wifi cannot do SMS. Thats a telco service and you need SMS in Europe for 2 stage credit card authorisation. Only FFlya delivers SMS. Secondly you cannot connect 200 passengers on wifi down a tiny iridium link. It 22/88kbps that’s 200 times slower than what most people have in their home.
So while you will see a lot of hype on these types of system, the fact is wifi needs broadband and low cost airlines cannot justify the high cost of broadband as no one they carry will pay.
Having said that, you can connect one or two payment terminals via wifi using Iridium, but again on wifi you need multiple boxes to cover the aircraft and a dual satellite link. Airbus specifies you need 3-4 wifi access points to cover an a32x aircraft
That’s why we invented FFlya with Bluetooth. Only FFlya can connect everyone onboard with free messaging including the crew and payment terminals with a single low cost access point, plus we have flight proven 2 stage authorisation.
FYI recently Delta announced delivering free messaging but reportedly they need to invest $1billion to make it happen. The inflight wifi model is broken! Either the passengers pay or the airline pays. For low cost airlines it does not add up.
The world is obsessed with wifi and that’s fine on the ground, but pump it via a 3-13 billion dollar satellite network and that’s another story.
If it’s so cheap and accessible why does Elon musk charge US$100 per month and $25k per month on his new bizjet system.
Fact: You will never have cheap wifi via a satellite. Just the cost alone to get them up their kills it.
Historically Satellite wifi is for those who have no other option. That’s why we invented FFlya.
I see. I'm just in hopes ASIP maintains the early mover advantages they seemed to have back a good few yrs ago. Definitely excited for upcoming updates. I was looking at EasyJet as one of the potential partners to ASIP to help improve their passenger experience inflight.
imho
mj
Everything I see so far from airfi is all on board the aircraft or back and forth from the satellites to the aircraft. IPTK has built out the ground network allowing communication to the ground and therefore connections for credit card authorization, text messaging and email. From that article:
"Used aboard easyJet’s aircraft, the AirFi Box will allow passengers to connect to and browse the onboard shop menu. It will allow passengers to access flight and safety information plus free-of-charge destination content, the inflight magazine and a selection of games. Initially, passengers flying on the easyJet’s fleet of 27 A320 family aircraft from Geneva and Basel will be able to use laptops, tablets and wifi-enabled phones to connect to the local wifi network created by the AirFi boxes"
Emphasis is mine.
While I'm not sure if they have delivered it yet...with all of the other offerings I feel like messaging might not be far behind...this article mentions connecting crew...
https://www.onboardhospitality.com/airfi-box-powers-connectivity-on-easyjet-flights/
I don't see anything about messaging, email or credit card processing, which fflya has in use. Airfi offering only IFE (inflight entertainment) at this point where fflya has IFC, inflight connectivity. That's the way I see it.
"enabling passengers to access games, journey-specific content and airline information, plus browse inflight retail offerings using their own mobile phones, tablet or laptops"
Airfi lets you do on your phone what you can do on the seatback screen. For airlines that don't have seatback screens it's a plus but it's not unique; lots of companies offer that. Bluebox, for one. fflya is integrated into the airline app which almost all passengers will have on their devices. Not sure how airfi connects
Looks like some aspects of AirFi are now live on EasyJet...And they seemed to have jumped pretty quickly from the initial trial to over 100 planes with that airline...It looks like competition is here...The market is likely big enough for a player or few...hopefully ASIP TECH just does it better. :) I guess time will tell. We should be hearing something soon on a few fronts one would think?
https://runwaygirlnetwork.com/2022/12/airfi-deploys-wireless-ife-on-easyjet/
https://aviationweek.com/air-transport/interiors-connectivity/easyjet-expands-inflight-connectivity-offering
https://paxex.aero/easyjet-airfi-portal-shopping-connectivity/
imho
mj
I just posted it because it gives a rough idea of the current demand for the series of planes we are able to and currently installing on. Single Aisle... A320, A321, A32X series... Looks like there is some decent demand for these planes in total in the industry...obviously it matters which airlines we make deals with...but its nice to see the planes have demand in general.
I'm very interested to hear who airline #2 is. Should be hearing that news anytime I would think. Being a material event we'd likely see at least an 8k upon the first plane being installed. Some sort of tentative non binding deal would likely be in place going in to that. I would be happy with any airline...but I'm leaning towards EasyJet or RyanAir...Based on passengers flown those are the 2 I would think we'd like to get next.
Undisputed leader in the single aisle category.
https://www.airbus.com/en/products-services/commercial-aircraft/passenger-aircraft/a320-family#:~:text=As%20the%20undisputed%20leader%20in,cost%20operators%20to%20mainline%20carriers.
imho
mj.
What’s this about? Thank you!
The stock price was higher 10 years ago. we could go back to 1 penny. IMO
On this rate iptk should report even in three quarters
Your right Ron, It's been 0ver 10 years. I don't call that a sprint.
From stock scan on Twitter. Looks like the OS has grown a bit. Maybe for production/Installation of units?
Stock Scan
@stockscan01
·
May 1
$IPT
IPTK
0,05415
Outstanding Shares Updated:
Old: 283.252.495 (2023-02-02)
New: 285.794.247 (2023-05-02)
Difference: +0.8973% (+2.541.752)
Graph: http://stock-scan.io/OSASGraph/IPTK
Understood, there are 16 million in the trading account and not everyone is going to hang in their. It’s a marathon not a sprint. We appreciate the patience and support.
Yes but I follow this stock for more then 5 years and when I see huge chunks of shares I know nobody got that many at 2 or 3 cents so it’s insider or someone who bought over 10 cents or more that’s selling for loss. It’s just unusual that I see since I check level 2 every day. Just expressing what I see and know. Good luck Ron.
FYI Family and friends control 80% of the stock, so I would think that is highly unlikely.
IPTK price held up well so far. Willing buyers, price didn't get anywhere near 52 week low. Not yet anyway.
Here's a snippet from a Runway Girl Network article today. Emphasis is mine
But whilst advances in inflight connectivity are happening all the time — both single-aisle and twin-aisle aircraft are increasingly being fitted with high-throughput modems, high-performance antennas and more reliable WAPs — the high cost of bandwidth, gaps in satellite coverage, bandwidth constraints, and other technological inhibitors mean that most widebodies flying internationally aren’t presently able to support a planeload of passengers simultaneously streaming HD content over the broadband pipe.
Not by a long shot.
In fact, anyone who regularly flies connected widebodies knows that inflight Wi-Fi is often buggy and can suffer from coverage gaps. “It’s awful. I mean the flight I took from the UK; I couldn’t get connected. It gave you the illusion that there was connectivity and that was it. And then, everything froze,” Rivada business development manager Joe Apa confided to RGN at the SATELLITE 2023 Conference and Exhibition in Washington DC, after your author shared some of her own recent experiences flying twin-aisle aircraft on international routes with inoperable Wi-Fi.
And so, with a few exceptions — such as Virgin Atlantic’s new Viasat-fitted Airbus A330neos flying within the satellite operator’s footprint across the North Atlantic corridor (which supports streaming-capable service for passengers with clear caveats) — the connected D2C/IFE paradigm on board widebodies has largely not transpired. According to AERQ head of strategy and business development Jonas von Krüchten, who serves as chair of the Airline Passenger Experience Association’s APEX Technology Committee, the ability for many passengers to stream HD content on twin-aisle aircraft is not likely to happen anytime soon.
https://runwaygirlnetwork.com/2023/05/bandwidth-barriers-d2c-ife-widebodies/
As long as they don't flood the float on us I don't mind them getting a little out here and there. If ASIP is able to monetize like we believe they can...then certainly a few hundred k shares here and there won't kill us. I think this will start to become more visible to investors and the airline industry as a whole once we are on those first 19 planes and revenues start being generated. The lower they drop this while they dribble out these shares I may take another chunk of them. Things are progressing. I'll be sticking this out a bit longer to at least see revenues and how all that comes together as long as we don't see continuous chunks on the ask like this each week. Maybe airline #2 announced soon? We know there is some kind of market here for this solution...will be interesting to see how it all plays out. Feels like we are getting closer.
Best of luck to all.
Imho
Mj
Good news but it’s obvious founders are selling shares.
Great news! Thx for the update!
Mj
Great news, I enjoyed it. Thanks for the update
Our latest news, will update more ASAP
https://www.prnewswire.com/news-releases/asip-tech-announces-new-stc-for-fflya-301818466.html?tc=eml_cleartime
Yea the round table host mentioned that. But also noticed they were becoming more vocal again in recent months. They are acting like they are ready...could just be hype though. The article mentioned they were waiting on 2 technical approvals or something like that.
Excited to hear the next company updates. Feels like we are getting close to actual PR time...whether it be the first 19 planes in operation...or a nice financing deal that puts a little gas to this fire. Also who is airline #2?
Imho
Mj
Airfi was going to equip Atlantic in 2018. They're still waiting. IPTK fflya in use for some time now
I wonder what the technical features are that they are waiting on with AIRFI mentioned in the link below? It says the one customer has been waiting since 2018? Def seems the chase the is on. In that round table discussion from my last post they mentioned a lot of the same things we have been hearing here for a few yrs. Certainly there is a need and market. Its all about who does it...and who does it right. If we get into revenue generation with WIZZ this Q...I'd imagine a lot of those on the fence about the tech or those that are waiting on other services like AIRFI etc to get going might just take a look over here. It was interesting to me that in that round table discussion the Executive Director of Aviation at Iridium was claiming that Airfi was the perfect solution etc for customers. If other services like FFLYA are also using Iridium it seems like Iridium themselves wouldn't push one over the other unless they have some kind of special deal going on? I don't know..maybe I misunderstood something there?
Either way it certainly appears the chase is on. I like our horse in this race. Looking for updates any day on quite a few fronts that Ron had mentioned back in March.
https://paxex.aero/airfi-leo-rollout/
Best Wishes to all.
imho
mj
Sounds like maybe some of IPTK's recipe in here? I believe Ron may have mentioned AirFi before but I can't recall what was said though...its been a while..lol.
Thank you for taking the time to put this message together. Seeing info compiled like this from time to time likely serves as a good refresher for some us and helps paint the potential picture for any new comers who might be looking in on the company.
Very much appreciated. Looking forward to future communications.
Best Wishes,
imho
mj
As there is always a lot of hype about free Wifi, I thought I would put the major airline Wifi industry into perspective.
The world is obsessed with Wifi, which makes it logical that major companies will spend billions trying to deliver Wifi to aircraft.
Someone obviously thinks it worth it to tap into 5 billion travellers. Even superstar Elon Musk with his $10 Billion Starlink is jumping in.
The bizjet world has been dominated by GOGO in the domestic USA and internationally, Inmarsat and Viasat are merging to fight the power of Intelsat and Utelsat, the big satellite players in the airline world.
They are all hyping faster, with Elon leading the pack for now, but since when is faster been cheaper.
Yes Elon is faster, but he spent twice as much money on his satellites as the existing guys to achieve it. That’s why he charges US$100 per month which is double the service charge of his competition on the ground.
His latest foray into business jets is the same. Viasat charge $5-$11K per month, Elon $11-$25K per month for a private jet.
So faster doesn’t come cheap with Elon’s, Starlink and even he is yet to launch a viable system for the major airline world. Being up against the incumbent satellite guys who dominate with 5 and 10 year contracts it’s not that simple. Starlink’s pilot program on the JSX 20 seater aircraft shows it is faster, and as a private charter operator they pay the bill.
Serving 200-400 passengers on an airliner using the same link, the jury is still out on that one and we have yet to see a solution.
So don’t expect faster Wifi in an aircraft to get dramatically cheaper. Somehow they need to recoup the horrendously high cost of the satellite network, equipment and installations, so free is a dirty word. Someone has to pay.
Having said that, like Delta who reportedly are spending $1 Billion to offer free Wifi to thier frequent flyers, sooner or later every major airline will have to offer at least free text to their frequent flyers. Unfortunately not every airline has the power and profitability of Delta to pay the bill, so many will not.
It’s the reason why of the 28,000 airliners in operation, after 14 years of service only 10,000 have Wifi. The airline Wifi model is broken. Fact is, no one has made money on inflight Wifi except private jets, as they pay.
Ultra Low Cost Airlines who carry leisure traveler’s know passengers won’t pay for Wifi and this is why we invented fflya based on Bluetooth and the new proven Iridium satellites.
How does fflya solve this problem for low cost airlines?
We don’t use Wifi and leave the internet on the ground. Effectively we only deliver Telco 3G services like sms and text messaging that doesn’t need broadband. Wifi Internet is the worst possible thing you can send via satellite. It’s slow and costly compared to the ground.
People just want to stay in contact, so we invented networks and apps that talk Bluetooth to the ground, then convert it and deliver it via Telco’s to someone phone.
The end result is, our average satellite message size is just 100 bits if data. If you use WhatsApp on Wifi and the Internet, your average message is 7000 bits.
So 70 times the cost and that’s not including the cost of internet chatting WiFi apps must do in background to stay alive.
You can recoup the cost if 100 bits from a sponsor, but not 7000 and we don’t need $250K-$1 million dollars worth of equipment and 700 hours of installation to do it.
Our Gen 2 system, which we will soon release, is $15K and installed in 8 hours.
The best way to look at it is, Wifi is the equivalent of business class seats. All major airlines have to have it to appease their most important traveler’s, but unlike business class, no different to why they offer free movies, you can’t charge them a premium to use it.
On Low Cost Airlines everything is charged, so offering free internet does nothing for them. If you give passengers Wifi and free internet all they will do is bring Facebook, Google, Amazon and WhatsApp into the aircraft, who will harvest their passengers data and sell their products.
By not activating Wifi and leaving the internet on the ground, a passengers only contact with the outside world is via our Bluetooth walled garden, our messaging services and our data, using our embedded software inside the airline booking app. That also solves the major problem of launching any new app or service, the high cost of acquiring new subscribers.
When they download the airline app we get instant access to millions on new subscribers every month. That can add up to billions of advertising impression as they navigate the app, and an exclusive selling opportunity for our products and services while captive for 2-4 hours.
That’s why FFlya is the only change in inflight connectivity in 20 years.
Finally, launching any new invention with a multibillion airline like Wizz takes patience and time. With 6 aircraft in full operation and more in process, it’s only a matter of time until we complete the initial fleet.
This is our focus. Get number one right and like business class seats the rest will follow.
I will update you further on our progress ASAP.
Today looks like the 430k ask at .08 has now been joined by another 200k selling? Possible inside holders selling? The right updates could quickly take care of those asks. Time will tell.
imho
mj
430k shares on the ask today? Thats different. If those shares start hitting the bid I'll put out a decent net for some. Updates or PR most likely sooner rather than later on the following...
19 total Wizz U.K. planes installed.
Financing deal/partner
Details on BoB offerings for entertainment/shopping and potential airlines showing interest.
The naming of Airline #2 / 1st install for Fflya.
Interest in FFLYA transact.
As was said before...Demand for connectivity is not the issue. The issue is who has the recipe to deliver it profitably.
imho
mj
Thx for the post. Yes prophetic indeed. Ron seemed to have seen alot of this coming years ago and it all seemed to make sense to me especially once I saw GOGO had sold their commercial arm for $400M and never turned a profit on it. People want to be connected but most aren't willing to foot the bill for the full on WIFI and streaming etc...its just not necessary today. Like they said growth isn't the problem it's figuring out how to make money at it. If ASIP shows their tech solutions work and that they can effectively monetize as suggested...then this stock will eventually be found in a big way. Free basic connectivity, Live inflight payments and now entertainment/shopping offerings...I have a difficult time seeing how all of this isn't successful on some level...especially being that it doesn't cost the airline...yet generates revenues for them from flight #1. It was exciting to hear that revenue generation could possibly begin in Q2 with Wizz. With the float of this stock it could get interesting in a hurry with any decent amount of interest. Seems like we are nearing some PR or filing type material events. Very interested to hear about airline #2 and who that might be.
imho
mj
Great info from Runway Girl Network. A really sharp outfit. Solid information, weekly roundup email worth subscribing to. This article from early 2018 is very prophetic. Emphasis is mine
"The inflight entertainment and connectivity RFP process is evolving, with increasingly savvy airlines realizing “they don’t need a fully integrated RFP and can shop for the best option for the different layers”.
https://runwaygirlnetwork.com/2018/01/04/sitaonair-details-how-airline-rfp-process-is-evolving-for-ifec/
"Not unlike Gogo, which has had to fight passenger perception that Gogo means “slow-go” or “no-go” as its air-to-ground (ATG) service became capacity constrained, SITAONAIR has been the subject of unfavorable reviews as its Inmarsat SwiftBroadband-supported Internet service failed to deliver the speeds expected by the modern traveler."
Panasonic Avionics: “jury’s still out” on profitability of in-flight connectivity
“Prices are falling rapidly, but if you are a service provider like ourselves, you’ve got to position yourself so that you make a penny or two on every megabit you deliver,” he said. “Otherwise, the business is not sustainable. That is the biggest challenge in our marketplace today. Growth: not a problem. Profitability: a real problem.”
“Business is booming but no one is making money,” said Claude Rousseau, research director at Northern Sky Research, adding that inflight connectivity providers have a number of challenges to turning a profit that have yet to be worked out.
“It’s very capital intensive and the take rates are still too low. We see that the price for connectivity hasn’t moved much, except when it’s free, but then if it’s given for free somebody has to pay for it. In the end if it’s not the passenger, it will be the airline or the service provider, and in that latter case the service provider has a hard time recouping the money,” he said."
profitability-of-in-flight-connectivity/" rel="nofollow noopener noreferrer ugc" target="_blank">http://spacenews.com/panasonic-avionics-jurys-still-out-on-profitability-of-in-flight-connectivity/
French multinational corporation Thales says it is working with its airline customers to come up with “the best long-term solution for their connectivity needs” given the news that SITA is exiting the cabin IFC service business and that Inmarsat is in line to be potentially acquired by Viasat.
The revelation that SITA intends to withdraw from the space first broke at the Airline Passenger Experience Association’s APEX TECH conference in Los Angeles, and was later confirmed to RGN by Yann Cabaret, CEO of SITA For Aircraft.
Thales has a longstanding relationship with Inmarsat, having pursued a technology roadmap that tracked alongside Inmarsat’s aero service offerings, including embracing SwiftBroadband (SBB) L-band-supported connectivity for its airline clients and later Inmarsat Aviation Global Xpress (GX) Ka-band.
Notably, Thales’ TopConnect integrated connectivity/IFE solution facilitated OnAir (later SITA unit SITAONAIR) as the communications service provider.
In one example of how the three entities — Thales, SITA and Inmarsat — are intertwined on various airline projects, your author recalls that Thales in 2010 announced a rather significant SBB connectivity + nextgen IFE deal with Qatar Airways, whereby cabin connectivity was to be integrated with the IFE, and OnAir was to coordinate with Qatar Airways on the service offering. (Qatar later migrated to GX. And roughly in 2017, Inmarsat started taking a more direct approach with Qatar, obtaining a STC to retrofit the carrier’s 777s. SITA appears to still act as a service provider for Qatar, whose website refers to its inflight GSM service, for instance, as OnAir. Inmarsat and its GX service, however, have been front and center in Qatar’s most recent IFC and live television deals,)
“Obviously, we are aware of SITA’s public announcements. We have a number of airline customers that use Inmarsat GX connectivity and have a variety of relationships with Inmarsat, SITA and ourselves,” Thales InFlyt Experience chief executive officer TK Kallenbach told RGN in a statement.
“In addition, we have to be mindful of the changing landscape with Inmarsat’s possible merger with Viasat,” he said.
RGN asked Thales if it intends to transition out of being an Inmarsat GX VAR itself in the commercial aviation space.
Kallenbach stated:
We take an airline-centric approach to connectivity and are working with each of our airline customers to come up with the best long-term solution for their connectivity needs in light of SITA and Inmarsat’s situation as well as emerging new technologies, solutions and aircraft OEM sponsored programs.
We have no plans to exit global connectivity, but the landscape of potential offerings are certainly changing. And we want to offer the best solutions tailored to our airline customers and their passengers.
We also continue to actively offer our FlytLIVE connectivity solution using the new SES-17 satellite over the Americas. FlytLIVE provides state-of-art high speed aero Ka connectivity with unrivaled inflight performance and gate-to-gate coverage. It is fully deployed with Spirit Airlines on their current fleet of A320 family of aircraft. In fact, we just celebrated our 1 year anniversary of Spirit’s full connectivity service across north, central and south America. FlytLIVE is a terrific connectivity service for single aisle aircraft operating in and across the Americas.
Asked if any of Thales’ customers have begun the transition process over to Inmarsat as ISP, an Inmarsat spokesperson told RGN:
Whilst this decision by SITA For Aircraft doesn’t impact any other VAR partnership, we continue to engage with any company impacted to ensure a smooth transition for the airlines.
Inmarsat, which continues to operate as a separate company to Viasat until the latter’s acquisition of the former is complete, stressed to RGN that it has not opted to end its GX VAR program.
“SITA For Aircraft’s decision to move out of the inflight cabin connectivity domain will not impact Inmarsat Aviation’s other VAR partnerships. This is a symptom of the increasingly competitive environment in the IFC sector, which is causing companies to reassess their strategic priorities,” said the spokesperson.
Rotation
But will Inmarsat simply assume all 1000-plus aircraft that are fitted with SITA’s IFC (powered by Inmarsat SBB and GX) in the world fleet?
The Inmarsat spokesperson stated: “Inmarsat Aviation and SITA For Aircraft are liaising with each of the affected airlines to support a smooth transition as required, so they can continue to deliver seamless global connectivity to their passengers via Inmarsat Aviation’s award-winning solutions.”
The European Commission is presently in Phase 2 of its investigation of the proposed $7.3 billion acquisition of London-based Inmarsat by Carlsbad, California-headquartered Viasat, and has expressed concerns that the transaction may allow Viasat to reduce competition in the commercial broadband inflight connectivity market. As certain customers of SITA’s cabin IFC service migrate to Inmarsat, will this have any impact on the EC’s probe?
Meanwhile, in an interview last week with CNBC, Inmarsat CEO Rajeev Suri said he expects the merger with Viasat to receive unconditional approval from the US FCC “soon, in the next couple of months”.
https://runwaygirlnetwork.com/2023/04/thales-assists-airline-customers-as-sita-exits-cabin-connectivity/
Nice find. Like the next line even more: "Delta previously announced that it will install high-speed Wi-Fi across its entire fleet by the end of 2024"
Some industry news out today...Also it's what Ron has been saying for years :)
“Due to low usage of the Delta Studio streaming option, we have discontinued support for Delta Studio streaming to personal electronic devices previously available on a limited number of regional and Boeing 717 aircraft without seatback entertainment,” said Delta spokesperson Grant Myatt.
https://paxex.aero/delta-studio-streaming-retired/#:~:text=Quietly%20and%20without%20any%20public,and%20the%20mainline%20Boeing%20717.
Again it feels like we are on the right track.
imho
mj
Not sure if there are some new holders coming in that may have been following along or if the longtime faithfuls are adding some more...but it appears some shares are being accumulated here. Looking forward to Q2 updates. I think eventually people will take notice of this ticker...and could possibilty notice it on a run and wonder how they missed it. Between all of the offerings there seems to be some great tech here about to enter a very large space that is in need.
imho
mj
Nice to see another poke at the ask today. Seems some are looking in here. It also looks like we have our highest close since Nov '22. Momentum starting to move in the right direction price wise as the team continues to build behind the scenes. Excited to hear about more details on what BoB offers and potential partners. Possible these developments might just call for a 2nd Q PR?
imho
mj
Nice to see the stock starting to get recognized a little. Maybe some are starting to test the waters? I think they will quickly realize just how thin this float is.
Stumbled across this article below. We've def heard some of this on this board in the past. Have to believe many other low cost carriers are having the same dialogues within their own camps...
But chief executive Michael O’Leary remains unconvinced that a full-blown Wi-Fi solution that would require installing expensive satellite equipment and regular maintenance is right for Ryanair.
“On average, flight distance is still only an hour and 15 minutes and the vast majority of people now are getting on board our aircraft, they have already downloaded Netflix and whatever else it is,” O’Leary told The Sunday Business Post in 2019.
“They don’t need wifi and they’re unlikely to pay the cost of it,” he continued.
“On average, flight distance is still only an hour and 15 minutes and the vast majority of people now are getting on board our aircraft, they have already downloaded Netflix and whatever else it is,” O’Leary told The Sunday Business Post in 2019.
“They don’t need wifi and they’re unlikely to pay the cost of it,” he continued.
“If it isn’t revenue generating, frankly, we wouldn’t be introducing it.”
https://www.paddleyourownkanoo.com/2021/10/05/guys-mind-blown-that-ryanair-doesnt-offer-wi-fi-gets-dragged-by-airline/
imho
mj
Thank you for the update...Some very nice tidbits in there!
"reduced our installation cost by 50% saving us $10k per aircraft"
"reduces our data cost by 1000 times"
"Our Q2 goal is to be in revenue generation on Wizz"
I'd imagine excitement within the ASIP camp is nearing all time highs as everything sounds great on most fronts and years of persistance and hard work are coming together. First revenues with a large commercial low cost carrier are in sight....very exciting news.
Thank you again for the update...always very much appreciated!
Besh Wishes to all involved.
imho
mj
Thanks for the update
Apologies for the radio silence, been a lot of marketing activity and we moved into a new building, which always has its challenges. .
On Wizz, we placed the installation kit orders for the next batch of 10 A321’s (the 3 remaining A320’s will be replaced by new 321’s) The first kits are due to arrive early next month. The new kit is important as the design has reduced our installation cost by 50% saving us $10k per aircraft.
You will recall we have been flying the new Iridium Certus satellites on bizjets as a precursor to our airline program. The results after 9 months of testing on 4 systems show the network is performing well. Certus data in volume reduces our data cost by 1000 times which is a key element of our business model. Bear in mind, we were the very first to fly it and it usually takes Iridium time to refine the link software, particularly with satellite handover. The 2nd airline program also revolves around Certus integration.
Our Q2 goal is to be in revenue generation on Wizz and airline two integration complete looking to approval for the first install. The Certus program has taken far longer than anyone expected. Iridium is effectively 4 years behind the original schedule they presented to the FAA (2 years of COVID didn’t help) however, the network is complete and the transceivers are now in full scale production.
Discussions are progressing on BOB with the entertainment and shop online program. A few more boxes to tick yet before I can confirm anything positive.
Finally, regarding major funding, we have consistently seen over the past 9 months a level of uncertainty in the US financial markets, but that’s not impacting our launch airlines. Our main focus is on groups with aviation interest that we feel will enhance our position. The industry is well on the way back with both Wizz and Ryanair back in the black and we have declined a preliminary investment proposal as we felt it was not realistic. We will continue discussions to see if we can find the right strategic partner.
I will update again later next month as we should have a lot more progress on all fronts.
I agree. Huge potential with iptk.
Seems that way. Hopefully now all this bank stuff doesn't get in the way of the financing we may need to kick this into another gear. I'm in hopes that the 19 planes with WIZZ is almost ready to be up and running. We also heard that airline #2's testing would likely be started in Q1. Still haven't seen any filing on that...should be hearing something on that soon as well I would think? It's a grind but we seem to be getting there. Hopefully we can all be there the day Ron and the team ring the bell on Wall st :) Either way..been here 2 yrs..not going anywhere now. Between fflya...the live payments,,,and the entertainment package...it feels like we are on the verge here. Lets see what the rest of 2023 brings.
imho
mj
business is rolling out what we've wanted to start seeing for years, cheers
FFLYA 5 Star review on the app store from Jan 2023. Great to see! Hopefully more like this to come!
IrishTraveller888
,
26/01/2023
GR8 APP. Able to message for free on airplane
This is great. I flew Wizz Air from London to Iceland. Had free messaging (WhatsApp and texting) by using this APP.
Wizz Air said it’s not on all their aircraft yet so it’s a waiting game for the other aircraft.
Something for free on Wizz Air. How about that!
imho
mj
fflya opens the inflight imagination of airline passengers by delivering products and services, plus exciting tours and attraction offers relative to where they are flying. fflya also reconnects passengers with family and friends through free messaging.
Only ASIP Tech has the unique fflya network that can deliver this exclusive inflight service.
It is made possible by the integration of the latest generation App technology, Bluetooth, and Low Earth Orbit Iridium Next satellites.
Combine this with fflya’s world first window antennae and no longer do you need to install complex, heavy, fuel burning antennas on the roof of your aircraft.
LEO’s are only 600 kilometers up and the existing 66 satellites provide global coverage. Each aircraft only require 2 unobtrusive window antennas. One on either side of the aircraft and everyone is connected.
LEO’s also mean a much smaller, lighter system which is simpler to install and that translates into a fully self funding program that we guarantee will generate revenue for your airline from day one.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |