Friday, April 07, 2017 10:07:40 AM
http://www.prnewswire.com/news-releases/yippy-inc-yipi-to-support-globalstars-gsat-software-services-initiative-to-market-the-worldwide-distribution-of-yippys-data-compression-software-and-associated-technologies-300436149.html?tc=eml_cleartime
Recently, Globalstar and Yippy amended the original December 2015 Access Agreement and Securities Agreement that, among other things, included the increase of Yippy's revenue per subscriber by 33% for Globalstar subscribers. The subscription will be offered to all Globalstar Duplex subscribers and will be available for other satellite operators. For these other service providers and their subscribers, Globalstar will pay Yippy 50% of all revenue for the use of Yippy's software technologies. Yippy will pay to Globalstar 30% of the gross margin on the sale of Yippy hardware or for Yippy development services in connection with imbedding Yippy services in other MSS and FSS networks.
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