AS-IP Tech Inc (IPTK)

[MJAM2020]

$IPTK Bids are firming up a bit and asks are falling back. Looking at L2 this one is still super thin. We jumped from .017 to .35 when word first got around about the WIZZ deal a while back. Now we may be on the door step of entering the beginning of the revenue generating phase with our first commercial airline partner. We are still awaiting official news containing the details on the financing and Australian subsidiary which could come anytime. No way to know which news comes first...but this recent update makes it sound like we could get launch news anytime. Remember these units I believe can be installed in a matter of hrs or overnight. We are only waiting on 13 more of them to be installed to get to get the first 19 completed which should lead to the beginning of revenues.

"Finally, In a recent meeting, Wizz advised it is upgrading its UK fleet and we have just completed the planning for the new Wizz A321NEO installs which are now underway. I will update you on launch timing ASAP."

Roughly 10+ yrs in the making. And it seems this is still the best alternative to WIFI for all of the carriers currently out there with no connectivity.

From recent PR:
"Aeronexus commented: “When you take a close look at all the options, ASI is the only company that provides a cost-effective alternative to expensive Wi-Fi. The ultra-light weight simple to install BizjetInternet hardware means we can stay connected the entire flight without incurring massive data costs.”

Word may be starting to get around about the benefits of the FFLYA system. Will be interesting to see the price action here once Wizz is up and running and we finally get word of who these other airlines are that have been in the mix for a yr or more. Hopefully we soon see this business gain serious momentum. I feel like the majority of the ground work has been put down and now its just a matter of time before it takes flight. Hopefully sooner rather than later.

imho
mj