AS-IP Tech Inc (IPTK)

[adijas]

8k out https://www.sec.gov/Archives/edgar/data/1067873/000106787320000004/20200819asip8k.txt

Item 8.01 Other Events.
AS-IP Tech, Inc. (ASIP) has been advised by its licensee, PT. Jalin Angkasa
Indonesia (JAI) that it has entered into an In-flight Connectivity
Implementation Preliminary Agreement with PT Citilink Indonesia (Citilink).

JAI and Citilink intend to install connectivity equipment owned and managed
by JAI, on an Airbus A320 operated by Citilink, for a trial period of 90
days in order to evaluate ASIPs fflya system and program.

The Bluetooth fflya platform is the only ultra low-cost alternative to
Wi-Fi, specifically designed for low cost and regional carriers, capable
of supporting free passenger messaging, crew communications, inflight
e-commerce, interactive airline promotions and telemetry data acquisition.

The evaluation will be implemented in three stages:
1. ground;
2. in-flight messaging; and
3. in-flight interactive.

On completion of a satisfactory evaluation, JAI and Citilink may agree and
formulate a detailed program specification and fleet implementation plan to
be stipulated in a separate agreement.

Under the licence ASIP has granted JAI, ASIP will receive commissions from
the net revenue generated from any fflya program with Citilink.