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Expecting further developments from IPTK. It almost seems too simple. Wouldn't you like to be able to send/receive text messages in flight? Highlights from a recent news article. Link back for the whole article, or click on the link at the bottom, an interesting read
"Imagine hundreds of passengers sending and receiving free messages or booking holiday tours at the same time – all occupying less than 10% of a 200 kbps link."
"This article is about a new way to connect called fflya, and what you may not know is, its already flying on business jets and an A340, plus the military are about to fly it!"
"Bluetooth Smart capability opened up a portal for connecting devices and efficiently transmitting small data. Importantly, Apple is at the front Bluetooth advancements so it comes standard on all mobile devices."
"The fflya system is compatible with any satellite network and all you need is a Bluetooth access point. The Bluetooth access point is flexible and can be installed on an aircraft in a variety of ways:
1. It latches onto any existing Wi-Fi network.
2. A hardwired connection to an existing satellite transceiver."
"Evaluating any new service is a challenge and this is where fflya has a very unique solution that avoids any modification to the aircraft. Airlines can test the service with a fully self-contained portable system including SATCOM and custom window antenna. The system is classified as a carry on device and with supporting documentation there is no aircraft certification required, just operational approval."
"The benefit of this approach is airlines can evaluate and refine the services prior to selecting permanent hardware which removes the uncertainty of what do we need and will passengers pay to use it. Entry-level permanent hardware starts with the Inmarsat 200kbps link and it should be noted the test bed is also backwards/ forwards compatible with the new Iridium Next satellite platform that meets the same entry-level requirement. The business model is fully self funding so there is no equipment outlay."
"The airline provides the installation manpower and fflya underwrites all the transmission costs including airline communications sent via the App."
http://airfax.com/blog/index.php/2016/10/20/the-bluetooth-connectivity-solution-fflya/
Thanks, enjoy the day!
Happy Thanksgiving to you as well!
Happy Thanksgiving to all. A great day with friends, family, loved ones. May all days be like today
Hasn't been my best year but so, so much to be thankful for :)
Really behind on this board with updating the winners and losers. I'll try to catch up and get current. Busy lately
Some IPTK thoughts. >05 x .06
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126759517
ERMS .045 x .07 10q out today. Revenue down a little, small loss. Still attractive, especially at the current bid. Company still flush with cash and very little debt
Cash and cash equivalents $1,638,990
Total Liabilities 50,063
Market cap less than $1.1 million at .045
Was hoping to see more details about this which was in the August 10q
"Net cash used in operations for the six months ended June 30, 2016 was $586,916 as compared to $92,723 used in the period ended June 30, 2015. The cash used during the six months ended June 30, 2016 primarily related directly to a prepayment for a potential investment"
IPTK - .065 x .07 10q out today. Waiting for this one to get bought, announce what exactly the military will be doing with it, announce that the airline testing it on an A340 will put it into general use, or other positive developments. Interesting startup with a different product, heavy insider ownership and funding, no convertible debt or preferred stock.
CNRR - .08 x .095
CNRR .055 x .06 with some volume.
CNRR - .0405 x .049 creeping up. .088/share in cash, very little debt, $60,000
IPTK - .075 x .08
Website and twitter updates
http://www.asiptech.biz/
http://www.fflya.com/
http://www.bizjetmobile.com/
https://twitter.com/BizjetM
IPTK news 10/21
NEW YORK, NY (PRWEB) OCTOBER 21, 2016
AS-IP Tech, Inc. (OTCMKTS: IPTK) announced today that fflya, the world’s first Bluetooth Smart airline connectivity solution, has been commissioned on an A340.
fflya is an inflight connectivity revolution that provides free app messaging and destination savings that will enhance the passenger’s flight experience and allow the airline to earn revenue without having to charge.
fflya substantially reduces equipment costs and eliminates the high cost of satellite transmission by combining a proprietary satellite protocol with a Bluetooth Smart network capable of connecting every passenger on-board with a single Bluetooth hotspot.
Company CEO Ron Chapman said, “fflya is a game changer because until now airlines have had only two expensive ways to connect via satellite in an aircraft – a proprietary link for the cockpit and Wi-Fi for the cabin. On the ground people are communicating more than ever using apps, with the common belief that messaging is free. fflya now meets this societal expectation in the air by delivering free app messaging and more for passengers.”
fflya provides value-added services that allow the airline to promote its brand, extend the digital reach and generate revenue in a way never seen before.
Significantly, airlines can test the unique fflya platform without any modification to the aircraft. fflya is a self-contained portable system including Satcom and custom window antenna that classifies as a carry-on device so there is no aircraft certification required.
Click here to read more about the A340 fflya program.
AS-IP Tech, Inc. will be demonstrating fflya at the Airline Passenger Experience Association (APEX) on 24-27 October 2016 Booth 1937.
About AS-IP Tech, Inc.
AS-IP Tech, Inc. is leading the world in Bluetooth Smart connectivity solutions for aircraft. The company management has a thirty-year history of flying new communication technologies worldwide. Over the past decade the focus has been on creating an alternative method to connect passengers with the aim of reducing the high costs of inflight connectivity. AS-IP successfully launched the first product on business jets in 2014 and a further two years of Research and Development saw the evolution of fflya, the world’s first Bluetooth Smart airline connectivity solution.
Safe Harbor Disclosure
This press release may include "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," "may," "will," "should," "could," "expect," "intend," "project," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the company's projections and expectations are disclosed in the company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
http://www.prweb.com/releases/2016/10/prweb13784676.htm
http://www.fflya.com/
http://www.bizjetmobile.com/
My posts are my opinion.
Fascinating - Bold type is my emphasis. IPTK .07 x .08
"Our commercial airlines app fflya is about to change the world of passenger connectivity."
The Bluetooth Connectivity Solution – fflya!
In the past 25 years there has only been 2 methods of connecting via satellite in an aircraft. The first for crew via Data3, initially Windows terminal interfaces or embedded aircraft terminals like CMU’s or inseat screens. The second is browsers using Internet protocols and Wi-Fi.
In today’s App world on the ground we are always connected and that’s where a quantum leap in aircraft technology is about to happen.
This article is about a new way to connect called fflya, and what you may not know is, its already flying on business jets and an A340, plus the military are about to fly it!
Why the Internet of Things (IoT) takes the risk out of installing Wi-Fi
The general definition of The internet of things (IoT) is “The internetworking of physical devices, vehicles (also referred to as “connected devices” and “smart devices”), buildings and other items—embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data”(source Wikipedia 2016).
However, in 2013 the Global Standards Initiative on the Internet of Things (IoT-GSI) defined IoT as “the infrastructure of the information society. IoT allows objects to be sensed and/or controlled remotely across existing network infrastructure, creating opportunities for more direct integration of the physical world into computer-based systems, and resulting in improved efficiency, accuracy and economic benefit” (Wikipedia 2016).
When you consider that Boeing launched commercial inflight Wi-Fi on Lufthansa in 2004. Why is it so many airlines are still reluctant to get involved in Wi-Fi twelve years later? The answer is user price!
When it comes to price, the hardware cost of inflight Wi-Fi pales in significance to the cost of an aircraft. With technology moving so fast on the ground, there is that underlying concern that installing connectivity now will lead to it becoming quickly outdated or that financial expectations and passenger needs won’t be met.
Now more than ever people rely on connectivity when they move which means it’s no longer a question of whether airlines should install connectivity, but when and how they will do it. Many airlines have spent years looking and when comparing what Boeing had in 2004 with today’s technology, it’s hard to see a quantum leap!
What’s more disconcerting is that current Wi-Fi utilization levels, even on the most affordable US domestic network, show only 6% of passengers are prepared to pay for the service; the same as what Boeing experienced. It appears that justifying the cost of Wi-Fi as viable for the general public is a real challenge. We hope technology will provide the answers but satellite speeds and cost limitations continue to soften expectations in the air.
For decades people have relied on Wi-Fi for home and the office, and 3G or 4G when on the move. The industry persist with 3G in aircraft, however, the high roaming charges and slow speeds means it is not practical or commercially viable. This leaves the airline world with only one method to connect – Wi-Fi. This is where IoT is of great importance.
Wi-Fi vendors are reluctant talk about IoT because their business models rely on big data, yet it’s small data that’s enveloping the world. Small data is utilized on Facebook, WhatsApp, Twitter, Snapchat, Instagram, SMS and most emails. Small data costs are so miniscule that it seems free of charge to people using it. A societal mindset that believes small data is virtually free to use which is why 94% of passengers are reluctant to pay for connectivity inflight.
There is a Wi-Fi war in aviation pitting company KA band speeds against KU band speeds, and satellite against satellite. The intensity of this industry war makes it easy to get caught up in big data. We are lured into thinking there is no alternative given the significant size and cost of Wi-Fi platforms and the fact they all appear the same.
IoT is a paradigm shift and will change the way you think about connectivity. It creates an alternative platform that changes the way we connect, more inline with what we already do on the ground, that is, communicate with small data.
Why is it possible now?
Change is possible right now because of Bluetooth Smart, which is driving IoT faster than any other communication technology. While Wi-Fi vendors were busy launching billion dollar networks a new connectivity phenomenon was evolving. In simple terms, Bluetooth Smart capability opened up a portal for connecting devices and efficiently transmitting small data. Importantly, Apple is at the front Bluetooth advancements so it comes standard on all mobile devices.
For the first time you can now segregate aircraft bandwidth into narrowband and broadband applications by adding Bluetooth capability. This concept is similar to how airlines segregate business and economy: a standard service is delivered via Bluetooth and the premium service is supplemented with Wi-Fi.
Airlines can implement any satellite system in a staged approach by controlling the connection path with technology. This is because IoT lets you ‘shift gears’ as the demand increases. It begins as a simple no-frills messaging service and expands to include value-added services and live credit card processing that generate revenue to fund the platform upgrades as you go.
The benefit is: Airlines only need to gear up gradually and segregate live Internet for the very few willing pay, while the rest use minimal bandwidth down the same pipe. The ratio is similar to that of economy and business class: 6% of live internet passengers can be leveraged off 95% of the bandwidth, while the remaining 94% of passengers can be easily accommodated on remaining 5% bandwidth.
The objective is to control the delivery of passenger services with the ability to expand offerings as revenue dictates.
Corporate aircraft today already have this capability however it’s taken time to migrate to the realm of airlines. This is because connecting hundreds of devices simultaneously down a single link needed a revolutionary approach – this is what Bluetooth Smart delivers.
It eliminates the need to provision high bandwidth to accommodate everyone onboard. Twelve years of aircraft connectivity confirms that only 6% of passengers will pay for broadband meaning the remaining 94% expect it to be free. The provision of free services to the vast majority of passengers who expect it can only be a positive for airlines as bandwidth can be dramatically reduced. Delivering free services allows you to control the size of the pipe and what users see and do. App-based connectivity solutions still appear fast, yet it’s actually the servers managing the link that determines what you receive and when. This is the complete opposite to Wi-Fi…as once connected you are consuming bandwidth constantly, particularly in background mode.
IoT gives you a choice about what services to provide and at what charge (free or paid). The bandwidth is then staged to meet the demand. You can start with just a 200kbps link that can deliver free messaging, destination services and live credit card processing to hundreds of passengers at once. Importantly only one Bluetooth access point is required for all this to work!
How is this possible?
With the fflya solution, Bluetooth Smart keeps everyone connected and maintains a status of what devices are onboard and active. What makes Bluetooth Smart unique is that logged in devices run in parked mode meaning they are essentially offline. The link automatically activates when the user sends a message or processes a transaction, completing these events in milliseconds. As a result no one person can occupy a large portion of the bandwidth at any point in time. The security is quite unique not only for the way it switches channels, but is a closed network and when combined with encryption and proprietary protocols is more secure than open Wi-Fi as there is no external way to access it.
Imagine hundreds of passengers sending and receiving free messages or booking holiday tours at the same time – all occupying less than 10% of a 200 kbps link.
IoT takes the risk out of installing Wi-Fi as there is little or no outlay in the early implementation stages and by the time the demand for broadband increases the program is self-funding. The staged approach of the program means adding further capacity is not an issue as the revenue justifies the system upgrade.
One of the most difficult elements of managing any network is working out how to implement and how much capacity do you need. On the ground Wi-Fi access is random and bandwidth can be easily balanced. In contrast, when a crewmember announces that Wi-Fi is available inflight, you will notice the majority of passengers all log on at once regardless of whether they need it or are just curious. This is why Wi-Fi needs multiple access points, as the system can be easily overloaded. Having to reset the system when it grinds to a halt is frustrating for the crew and passengers. App-based Bluetooth messaging platforms do not have this issue, as users are not occupying bandwidth just to login. The network identifies them and parks them until they do something, which is why you only need one access point to cover an entire aircraft.
IoT leverages off bits of data using Bluetooth Smart whereas, Wi-Fi requires Kilobytes to deliver similar services. Let’s compare WhatsApp to the fflya messaging services. WhatsApp must stay online by maintaining touch with a ground network. Even if you do nothing you still consume bandwidth. So on a typical flight WhatsApp is occupying valuable bandwidth constantly. Sure you can be turn background mode off, but now you are disconnected and have the inconvenience of routinely checking in. In addition, as Wi-Fi is high power your battery will drain quicker
The fflya messaging app allows you to stay logged on for the entire flight as it consumes no bandwidth even when you are waiting for a reply. Furthermore, Bluetooth Smart uses the latest Low Energy technology so your phone battery lasts longer.
How does it work
The fflya IOS or Android App can be downloaded from the App Store via multiple means before a flight. The airline can embed fflya in their own booking App for easy access, mass-mail their frequent flyers or send the passenger a link to fflya upon booking a ticket. Since fflya is only 10Mb in size making it quick and easy to download compared to a typical WhatsApp or Facebook update that can be up to 150Mb.
Once you have the app all you need to do is to enter your user credentials for validation. You can do this on the ground or inflight.
Your credentials are your normal email address and cellphone number. We need this for 3 reasons:
Security
Like all modern messaging platforms fflya has 2 levels of verification to protect your security.
Late Delivery
Once you leave the aircraft the system automatically changes to ground mode, so any late replies are routed to you on the ground.
Destination Offers
The app hosts attractions and savings on services based on the destination you are flying too, so discounts on items of interest selected inflight are reconfirmed to your mobile or email account on arrival.
Upon opening the App inflight, the Bluetooth access point updates your destination status with any new offers and you are registered on the network at the same time. Knowing you’re onboard, the app will automatically revert to park mode, only alerting you with regular notifications when necessary.
Our product fflya is an engaging product as it targets people who are captive, bored, disconnected, and destination-focused. This sort of connectivity is precise and impossible to achieve on the ground because the person is nowhere near as attentive. It creates a major opportunity for real-time marketing with immediate impact because of passenger focus. Further, fflya generates revenue and brand appreciation when passengers download the App, thereby increasing an airlines digital reach. Furthermore, fflya flags frequent flyers creating endless interaction both inflight and on the ground. By offering the App and free messaging, passengers become brand advocates since every App downloaded and message sent promotes the airline. As the connectivity is now free passengers will access it.
Our fflya app delivers revenue from day one with AEROS
AEROS are attraction discount vouchers available in the fflya App that deliver travel savings in hundreds of destinations including the passenger’s hometown.
Once inflight, fflya displays a number of AEROS for the upcoming destination. When a passenger selects something they like, fflya uploads a message from the sponsor that confirms the discount and code.
Then fflya sends an email to the passenger’s email account showcasing the sponsor and the attraction with a booking link. Passengers can also communicate directly with the sponsor.
Upon arrival, passengers begin to save money on shows, restaurants and tourist activities. On arrival they have the opportunity to select more AEROS at the destination.
Interestingly, fflya’s AEROS enhance the airline’s reputation by giving passengers more value for money. The advantage of AEROS is that you have a captive audience who is destination focused and ready to spend. The simplicity means there is no activation required. Sponsors are incentivised to come on-board as it’s free to join the program and they only pay commission on real interactions and receive immediate passenger feedback. The AEROS systems profiles the interaction providing airlines with a unique insight into their passenger based which creates even more marketing opportunities.
What additional revenue services are offered?
With the evolution of Bluetooth Smart the promotional opportunities are endless. Note: fflya’s ability for passengers to interact directly with sponsors opens a whole new world and the airlines ability to host its own products can enhance revenue further.
What do I need on an aircraft?
The fflya system is compatible with any satellite network and all you need is a Bluetooth access point. The Bluetooth access point is flexible and can be installed on an aircraft in a variety of ways:
It latches onto any existing Wi-Fi network.
A hardwired connection to an existing satellite transceiver.
Evaluating any new service is a challenge and this is where fflya has a very unique solution that avoids any modification to the aircraft. Airlines can test the service with a fully self-contained portable system including SATCOM and custom window antenna. The system is classified as a carry on device and with supporting documentation there is no aircraft certification required, just operational approval. The following image illustrates an example of a flight test system onboard an A340 airliner.
The benefit of this approach is airlines can evaluate and refine the services prior to selecting permanent hardware which removes the uncertainty of what do we need and will passengers pay to use it. Entry-level permanent hardware starts with the Inmarsat 200kbps link and it should be noted the test bed is also backwards/ forwards compatible with the new Iridium Next satellite platform that meets the same entry-level requirement. The business model is fully self funding so there is no equipment outlay.
When it comes the production level access point certification, it will be industry standard DO160, DO178 and DO294 compliance. Importantly as a low power device Bluetooth is already documented and tested as safe for use in aircraft, which eliminates the complexity associated of Wi-Fi installations.
The system requires an STC and the STC cost can be included subject to fleet size. The airline provides the installation manpower and fflya underwrites all the transmission costs including airline communications sent via the App.
System Diagram
Why haven’t we seen this before?
Bluetooth was originally designed as a one to one interface for tethered devices with its primary justification in mobile phones as Audio hands free. More recent developments saw it evolve into Personal Area Networks, Scatternets and Mesh networks but again it focused on controlling devices. The challenge and barriers of building a bidirectional communication network capable of accommodating hundreds of passengers in the aircraft environment without consuming valuable satellite bandwidth were endless. It has taken 10 years of development including 4 years of flight-testing and 4 years of working with Apple and Android to develop a proprietary BLE characteristic that connects via a custom satellite protocol to a purpose built ground based network with algorithms that manage every user by file type, flight number and aircraft.
For a demonstration of the new fflya system visit Ron Chapman ASIP Tech Inc. at APEX booth 193
http://airfax.com/blog/index.php/2016/10/20/the-bluetooth-connectivity-solution-fflya/
IPTK - .08 x .085. At 52 week high. From today's news:
"AS-IP Tech, Inc. is currently in negotiations with an A340 operator to commence flight-testing of fflya."
Link back for dd
http://www.otcmarkets.com/stock/IPTK/news
IPTK CNRR ERMS SWHN ASNB AGGX KLMK PRKA CNCG APLD PPMT SRSG MGTC
Adding PPMT - .07 x .09
Only on the OTC markets will you find
A profitable company with revenue growth (over 50% yoy), a pe of 3.5, a market cap 1/3 of its annual revenue, cash and accounts receivable add up to 90% of the market cap.
From otcmarkets.com
Market Value $407,271 a/o Sep 22, 2016
Outstanding Shares 5,430,279 a/o Jul 31, 2016
From latest financial filing (audited 10k):
Gross Profit 617,832
Net income (loss) and comprehensive income (loss) $128,697
Preferred stock - $.001 par value; 50,000,000 shares authorized; none issued and outstanding
Common stock - $.001 par value; 50,000,000 shares authorized; 5,430,279 issued and outstanding
I know the balance sheet doesn't look great here but most of the debt (65%) is "accrued officer compensation." Not too concerned with that.
Company is 56% insider held.
IPTK another 52 week high, .07. Spread at the close .07 x .14. Not a lot of volume here yet. Don't think many are in it. Holding for higher. CNRR still undiscovered, still think it will climb to near it's cash value of .088 per share. Currently at .03 x .04 so won't be a huge gainer, just a solid one if I'm right. Should be a safe hold while we wait for that, or other news :)
IPTK not traded yet today. Spread is .08 x .14. Yesterday's .05 close a new 52 week high. Hmmmmm :)
Check out BBTH and sticky notes there.
IPTK made a new 52 week high today on low volume. Lots of twitter posts about new corporate jet customers. We'll see the 10k (results as of 5/31) later this month. Then results as of 8/31 sometime in November. My opinion is that results will be surprisingly good. This company puts out lots of news but not at business news outlets. Stories are found on industry trade sites. IPTK another of my favorites. No convertible debt, no preferred stock, a unique patent in a vibrant industry. What they make is cheap to produce and easily installed. Margins should be high. A potential cash cow.
Nice day for CNRR. Good volume. Company has about $60,000 in liabilities, $5 million in cash which is about .088 per share. 86% insider held, looking for it to climb to near it's cash value which is a double from here. Closed at .043 today. Ask is .043.
IPTK creeping up, .04 x .05 now
CNRR .038 x .043, volume today
CNRR - "The Controlling shareholder and the Board have evaluated the company’s growth path and has decided to discontinue to invest in the oil and gas business, as a result, the company will pursue shareholder value building opportunities in other business areas. The Company will continue to retain its ownership interest in its joint venture producing oil well in Alberta, Canada."
From the 10k:
Cash and cash equivalents $4,980,735
Total liabilities $60,359
So what we have here is basically a shell looking for new opportunities, with:
No convertible debt or preferred stock outstanding.
86% insider held
.088 per share in cash with a very low burn rate.
A market cap of $2.1 million at .038
An oil well that should give them about $40,000 per year which will cover the expense of their SEC reporting.
This, imo, is a pretty unique situation. Most shells have nothing and when they do an r/m give out shares, sometimes way too many. CNRR has the cash to buy a small company. With that balance sheet and current market cap seems like a pretty safe hold for those with patience.
My opinion as to the selloff in June:
Their decision to get out of the oil business was reported in the 10k and released on 9/12 but probably made much earlier (10k is as of 5/31/16). Sellers in June were people disappointed in that decision. No form 4s filed so I doubt insiders sold any. There were no prs of any type and no retail buyers in June. Without retail buyers market makers can take it down and I'm confident that they were the buyers in June. They collected many shares at .02 and I'm sure there's lots they'll sell at the current ask as long as there is not a flood of retail orders coming in. So, nibble away at .038.
Good! Nice company; they've done well.
Just saw this post... I was able to make a small purchase on that day. Think it was low $.04s or high $.03s but would have to go back and look. It was nowhere near $.01 unfortunately. :P
IPTK CNRR ERMS SWHN ASNB AGGX KLMK PRKA SWRI CNCG APLD INBI SRSG MGTC
Adding CNRR .02 x .038
56,100,000 o/s
100,000,000 a/s
One of these days I'll get around to updating winners and losers. Lots of junk here with a few winners
$ITXN 0.1269..a little volume the last few days. That's all it will take with some positive news and or a improved financial report. Looks like a good acquisition target
for some of the larger apparel/athletic corporations.
AGGX - Major changes here over the last few months, can't confirm if they're good or bad. A strong case can be made either way. Some nice volume over the last three months, up from .10 or so to .19. I've owned some for a long time. Haven't sold any.
IPTK - .03 x .035 10q out. $680 profit, lol. That's on about $150,000 revenue in the quarter after near $0 historically. Not much but it's a start. Revenue for the 10 aircraft signed on March 4 will show up in addition in the next quarter.
Some dd
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120576951
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120577396
ITXN.0679..Annual Report.Sales 610m / Net 17m
Results of Operations
Net sales and income from continuing operations before income taxes for the Company's reportable segments are presented below (in thousands). The Company evaluates performance and allocates resources based on profit or loss before interest, income taxes, restructuring and impairment charges, certain unallocated corporate expenses, and other income (expense) - net. Intersegment sales and transfers are recorded at cost or at arms' length when required by certain transfer pricing rules. Intersegment net sales for 2015 and 2014 were primarily attributable to commission finishing sales of $0.5 million and $0.3 million, respectively.
Year Ended
December 31,
2015 2014
Net Sales:
Bottom-weight Woven Fabrics $ 568,223 $ 563,167
Commission Finishing 41,877 31,712
All Other 781 891
610,881 595,770
Intersegment sales (474 ) (324 )
$ 610,407 $ 595,446
Income (Loss) From Continuing Operations Before Income
Taxes:
Bottom-weight Woven Fabrics $ 48,950 $ 34,356
Commission Finishing 2,935 1,473
Total reportable segments 51,885 35,829
Corporate expenses (12,135 ) (10,261 )
Other operating income - net 4,349 3,368
Impairment charge (1,199 ) -
Restructuring charges - (3,116 )
Interest expense (27,366 ) (28,789 )
Other income (expense) - net 2,791 14,016
18,325 11,047
Income tax expense (1,089 ) (3,486 )
Equity in losses of unconsolidated affiliates (105 ) (109 )
Income from continuing operations 17,131 7,452
Discontinued operations, net of income taxes:
Loss from discontinued operations (66 ) (6,559 )
Loss on disposal of net assets - (501 )
Loss from discontinued operations (66 ) (7,060 )
Net income $ 17,065 $ 392
Comparison of Year Ended December 31, 2015 to Year Ended December 31, 2014
Consolidated: Consolidated net sales in 2015 and 2014 were $610.4 million and $595.4 million, respectively. Higher sales volumes resulting from increased demand for denim and new programs in the worsted wool non-government uniform fabrics, higher sales volumes and an improved product mix related to new patterns in the commission finishing business, and higher selling prices and an improved product mix in the technical fabrics and synthetic fabrics businesses were partially offset by lower demand in the synthetic fabrics business, decreased sales volumes resulting from U.S. governmental budget constraints and program changes affecting certain military uniform businesses, competitive pressures in the airbag business, governmental budget constraints, and employment declines in the oil and gas industry affecting certain technical fabrics businesses, as well as lower selling prices and a less favorable product mix primarily in the denim and municipal government wool uniform businesses due to lower cotton costs, fashion shifts, and competitive pricing pressures.
Gross profit in 2015 was $87.6 million, or 14.4% of net sales, compared to $71.4 million, or 12.0% of net sales, in 2014. Gross profit margins increased primarily due to lower raw material and energy costs, higher sales volume in the Company's denim fabric and municipal government wool fabric businesses, lower manufacturing costs due to higher production, higher selling prices and an improved product mix in the synthetic fabrics, technical fabrics and U.S. government wool uniform businesses, as well as favorable impacts from changes in foreign currency exchange rates. Such improvements were partially offset by lower selling prices and a less favorable product mix primarily in the denim and municipal government wool uniform businesses, higher labor costs, as well as lower sales volumes in the U.S. government wool uniform, synthetic fabrics, technical fabrics and airbag businesses. Operating income in 2015 was $42.9 million compared to $25.8 million in 2014. Operating income increased in 2015 as compared to the prior year period primarily due to the higher gross profit margins described above, lower restructuring charges of $3.1 million, and higher gains on disposal of property, plant and equipment of $0.8 million, partially offset by higher selling and administrative expenses of $2.1 million and a note receivable impairment charge of $1.2 million, each as described below....
https://biz.yahoo.com/e/160323/itxn10-k.html
Common stock (par value $0.01 per share; 150,000,000 shares authorized; 17,468,327 shares issued and outstanding at December 31, 2015 and 2014)
Full Report
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11275580
Profile
http://www.otcmarkets.com/stock/ITXN/profile
$ITXN..@.0.0679..heavily owned by insiders 17m os 2.95m float. Trade very little volume, been waiting on the turnaround here.
http://www.itg-global.com/
http://www.burlington.com/
https://www.conedenim.com/aboutus/
http://www.otcmarkets.com/stock/ITXN/profile
From ITG Global latest Q report
The Company’s business is dependent on the success of, and its relationships with, its largest customers. No single customer accounted for 10% or more of the Company’s consolidated accounts receivable as of September 30, 2015 or December 31, 2014, and one customer, V.F. Corporation, accounted for approximately 10% of the Company’s consolidated net sales in 2014 and approximately 12% of the Company’s consolidated net sales in the nine months ended September 30, 2015, which sales were in the bottom-weight woven fabrics segment. Additionally, the Company believes that two of its customers, Levi Strauss & Co. (in the bottom-weight woven fabrics segment) and the U.S. Department of Defense (in the bottom-weight woven fabrics and commission finishing segments), are able to direct certain of their respective producers to purchase products directly from the Company for use in these customers’ products. Although neither Levi Strauss & Co. nor the U.S. Department of Defense are directly liable for the payment by any of those producers for products purchased from the Company, the Company believes that continued sales to the producers of Levi Strauss & Co. and U.S. Department of Defense products are dependent upon the Company maintaining strong supplier/customer relationships with each of Levi Strauss & Co. and the U.S Department of Defense.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10996225
Itg Global, Burlington Labs. One of their newer Innovations...
No Fly Zone (NFZ) Technology.. http://www.burlington.com/no-fly-zone/
The No fly Zone product market mostly to the outdoors person and the military
Also
"No Fly Zone’s active ingredient permethrin is a synthetic form of a naturally occurring repellent found in the chrysthanthemum flower."
This active ingredient permethrin is recommended by the CDC to prevent ZIKA virus.
So this product is one of the first lines of defense, with no known vaccine at this time.
No fly zone clothing would be beneficial to any travelers especially those going to the Olympics in Rio Brazil.
http://www.cdc.gov/zika/geo/americas.html
http://www.wfaa.com/news/world/go-on-patrol-with-zika-police-in-rio/57716015
I posted more research and were to buy NFZ here...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120343291
Latest Press..ITXN.. https://www.itg-global.com/category/press-room/
IPTK - .02 x .025 No convertible debt. Link back for more dd. What if an airline picks up on this? They all will have to. Patented technology already in use in the corporate jet world.
fflya is the world’s first custom built Social Network App specifically designed for the airline environment.
fflya incorporates a worldwide messaging capability for airlines who want to provide passengers with free inflight email and text for the same price in the air, as on the ground.
How Does it work?
The fflya App is a closed network that uses a hybrid Bluetooth interface.
By connecting passengers this way, it eliminates the cost associated with high data rates required for live Internet.
A custom router manages the satellite link with a proprietary protocol interfaced to a cloud based gateway. The gateway micro manages the data by file, by passenger, by flight and by aircraft.
So why is Email free and Text so inexpensive?
fflya’s algorithms create email files sizes so minuscule, the transmission cost can be underwritten by standard social network advertising.
On the ground the gateways have interfaces for every major email and SMS platform, so every message is profiled, branded by airline and deliver with embedded sponsors.
fflya also flags frequents flyers and creates endless real-time interaction opportunities, both inflight and on the ground.
fflya provides Inflight Entertainment
Passengers can be entertained by Twitter feeds, plus the ability to subscribe to receive detailed updates.
What other additional revenue services are offered?
• The fflya platform incorporates an active portal, that can facilitate a whole range of destination information and promotional infotainment, customized to the airline and its passengers. With the evolution of the latest Bluetooth iBeacon technology the promotional opportunities are endless
• The fflya Apps ability for passengers to interact directly with sponsors, will enhance the revenue opportunities further.
IPTK - .02 x .03 link back for more dd. Bold is my emphasis
Bizjet Mobile / ASI
The surprising and interesting thing about the Bizjet Mobile connectivity solution is the fact that it uses Bluetooth 4.0/Bluetooth Smart as the connectivity medium inside the aircraft. Have you ever used Bluetooth for sending a text/SMS message? Probably not. So we asked Ron Chapman and his team to set-up their server to communicate with our iPhone. The first requirement to communicate via Bluetooth was to download the new CHiiMP 4.0 smart app from the iTunes Store. Next we walked well over 100ft away from the server on the show floor and clearly sent and received a text message on our cell phone via Bluetooth 4.0 (Also known as Bluetooth Smart). It is interesting to note that the convention floor was jammed with Wi-Fi radiation but the Bluetooth connectivity never faltered. We asked Ron Chapman to explain how the system works today and he told IFExpress:
“For business aircraft equipped with an existing Iridium System (according to Iridium around 12,000 aircraft). All you need is a Bizjet Mobile configured iPod, which connects via a custom serial cable to the aircraft’s Iridium data port. A serial port is standard on all iridium transceivers. The Bizjet Mobile configured iPod acts as the router. You then connect to the iPod with the CHiiMP4 App on your mobile device.”
He went on to say, “CHiiMP 4 provides bi-directional SMS and Text Email (no attachments) plus Getmail. The ability to upload headers from your normal email account and upload the emails you wish to read. Bizjetmobile has a GetMail interface to all major corporate and public email platforms. As its Bluetooth 4, the connection is automatic and happens in milliseconds.”
“If a Bizjet Mobile customer doesn’t have Iridium service, we can provide them with an Iridium Transceiver, so all they need to do is install a 3 inch patch antenna. At under $10K, this is the most affordable Iridium transceiver on the market. The iPod still acts as the router.”
Here is one thing you can be sure of – if you are sending and receiving data on a device that has an app that features Bluetooth 4.0 you are using a service from BizjetMobile… because, to the best of our knowledge, no one else out there uses this medium for networked data communication where multiple devices can connect via a single link. Typically, this service will be available at incredibly low prices if you want to send a text message that is less than 160 characters. And yes, you will have to download the app on the ground for iOS applications but this is normal. Oh and just in case you were wondering, business jet installations are pushing 40 customers. Perhaps the booth signage said it all: CHiiMP Now Powered by Bluetooth 4.0!! Faster and More Efficient. Worldwide Unlimited SMS Text & Email: $599/Month via Iridium.
Adding IPTK. Currently .02 x .025. Some DD
IPTK offers low cost inflight connectivity for sms text messaging, email (text only) and internet connection using Bluetooth rather than wifi. It's patented. Connection is through satellite service. Airlines are using the iridium satellite service now.
https://www.iridium.com/solutions/aviation/commercialaviation
They updated their connectivity options 11/2015 and it's already been put into use (in a small way).
"On March 4, 2016, AS-IP Tech, Inc. (ASIP) entered into an agreement
with Jetfly Aviation SA of Luxemburg (Jetfly) for the supply of its Chiimp4 system and services to be installed on 10 of Jetflys Pilatus PC12NG aircraft. The agreement is for period of 5 years and includes an option for another 10 installations. With the Chiimp4 system, Jetfly passengers and pilots will be able to send and receive SMS text messages and text emails, in flight."
http://archive.fast-edgar.com//20160308/AMZGK22CZ22492W2222G22Z2LQAFZZ272282/
http://www.jetfly.com/en/
Nov 20, 2015 11:14 AM
BizjetMobile LLC announced today the release of CHiiMP4, the worlds first Bluetooth 4 (BT4) also known as Bluetooth Smart, inflight connectivity App specifically designed for the Iridium market.
BT4 can accommodate unlimited users, connects faster and improves efficiency of file management, which has a dramatic effect on the Iridium business jet platform.
What makes CHiiMP4 even better is that, the 1st Gen CHiiMP was based on BT2/3 and required an expensive on-board router to manage the Iridium link. CHiiMP with BT4 eliminates the need for a router and in its place, is an iPod touch. To connect to the Iridium Satellite link all you need is a cable that plugs straight into the Iridium data port.
Ron Chapman the President of BizjetMobile stated that: “For the first time in the history of inflight connectivity, business jet operators will be able to purchase inflight connectivity, the same way Telephone companies sell mobile phone plans on the ground. All an operator has to do is sign up for an existing low cost monthly-unlimited data plan and they receive the iPod & Cable for free.”
Passengers connect via the CHiiMP4 App and once connected, can access unlimited inflight SMS, Email and GetMail in box checking, all for a low fixed monthly rate.
CHiiMP4 is currently available for IOS devices, Android will follow early next year. BT4 is now standard in Apple, Android, Blackberry or Windows devices.
About BizjetMobile LLC
BizjetMobile is the world leader in inflight Bluetooth connectivity that not only reduces the cost of live Internet, but also provides global unlimited Email and SMS on a low flat rate monthly plan.
Konng is designed for the INMARSAT SwiftBroadband Service and CHiiMP is designed for the Iridium platform.
www.bizjetmobile.com
http://theaircharterjournal.com/news/BizjetMobile_CHiiMP4/
Stock info
SEC current
92.5 million o/s
68% beneficially held
No preferred stock outstanding
No convertible debt
Fairly light debt load for a startup ($575,000) and 515,000 of that is held by "related parties" which doesn't worry me.
In November 2015 they not only updated their "chiimp" service to eliminate the onboard router but made a significant corporate change, what I've highlighted below
"Item 1.02. Termination of a Material Definitive Agreement.
The Company has advised ASiQ Limited ("ASiQ"), the licensee of the Companys SafeCell intellectual property, that the License Agreement dated May 29, 2008 is to be terminated immediately, and ASiQ has agreed to the termination. Under the Agreement, ASiQ had the right to develop, manufacture and market the SafeCell intellectual property and ASiQ was to pay the Company a Royalty Fee of 10% of the revenue generated by SafeCell and received by ASIQ. The Company will pay ASiQ a termination fee of $450,000 on terms to be agreed.
As a result of the termination, the Company will now control 100% of its intellectual property.
The directors of the Company retain shareholdings in ASiQ and three of the Companys directors, Mr Ron Chapman, Mr Graham Chappell and Mr Philip Shiels, are directors of ASiQ."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10981912
"The Company's product is ownership of intellectual property named SafeCell, “The Product”. The intellectual property comprises a patented proof of concept. The concept is based on turning a personal electronic device “PED” into a wireless communicator utilizing a secondary communications port such as Bluetooth or USB rather than WiFi or GSM."
Recent news:
"POSTED BY PATRICIA ON SUNDAY, NOVEMBER 15, 2015 AT 9:05 PM
Out of the Blue(tooth) Comes a New Connectivity Option for Airlines – The ASi Aviation Connectivity Solution
A few weeks ago, we met Ron Chapman, President ASI (Australia) in a small town on the Washington coast and he told IFExpress of a development he has had in the making for some 20 years. We were blown away hearing what he said because it sounded like he has spent his inflight connectivity career leading up to product names that sound like they are out of the jungle… names like CHiiMP, GRRRILL, KONNG, and FFLYA. We couldn’t get them out of our mind and we even snuck them into our IFExpress conversations over the last few weeks to get your attention. If we now have it, check out our story below because ideas like these from Ron Chapman have the power to change connectivity techno-scenery around this crazy business forever!
To give our readers a better insight into the 11 hours of product discussions we had with Ron, we thought a running discourse from Mr. Chapman might better set up the latest developments in his connectivity technology solutions… so listen close. We should note that the following technology developments are not just a technical wish list, they are discussions about a product that is flying successfully on over 35 business jet aircraft. Yes, you are correct, if this develops as we see it, it is a big deal!
PART 1 (And yes readers, next week we will feature Part 2)
THE PROBLEM:
Ron Chapman: “Three generations later and 14 years since Boeing Connexion’s first flight and the world still thinks Wi-Fi is the only solution for inflight connectivity and yet, both Connexion and GOGO (GOGO Inc. SEC filing) confirm that only 6% of passengers are prepared to pay. That means 94% of passengers think Wi-Fi’s too expensive. So here’s the problem, if you are going to spend a billion dollars launching a global satellite constellation or Domestic Air To Ground service, then a free or cheap solution will never be part of your vocabulary. Add to this, the minute you transport live Internet into an aircraft using standard Internet protocols for Wi-Fi, then you are probably only getting half the usable bandwidth you are paying for, as the data loss via radio and retransmission overhead is high. On the ground, Internet is so fast, we all forget how we used to watch the small meter at the bottom of our PC screens progressively slow down as we loaded or streamed a large file because of TCP/IP. That ’s what we have in the sky today.”
Noted Ron: “Now do not misunderstand me, the achievement and commitment of today’s airline Internet companies is nothing short of amazing, but with such a massive investment, they can only continue to address those who can afford to pay, unless airlines like Emirates and JetBlue decide to foot the bill for a limited service, which on current performance seems highly unlikely. The fact is, you cannot have it both ways, if you are hungry for inflight bandwidth then you need to pay, which leaves a hole for 94% of passengers who would rather starve.”
“So back in 2006,” he said, “after the collapse of the Connexion and Tenzing Internet programs I decided to look at an alternative path to Wi-Fi, using Bluetooth, so the obvious question was why?”
Said Chapman: “There was a clear need for a sector of the airlines market that wanted some form of connectivity, while taking into account their passengers reluctance to pay. Further, Business jet operators who fly globally needed some form of control over the high cost of connectivity as they were paying even more. To meet this challenge we needed to address 7 key areas that no one within the industry had considered.”
Find a business model that was comparable to what people would expect on the ground, particularly in the area of every day communications, such as Email and SMS.
Replace the Wi-Fi protocol; Wi-Fi constantly transmits and that costs power and it must have live broadband to connect to. Further, it is not optimized for satellite transmission. ?
Reduce the equipment investment; Combine COTS technology with better techniques for certifying and manufacturing the systems. ?
Maximize the data throughput to minimize data cost; create protocols specifically optimized to existing satellites and existing avionics hardware that supports them. ?
Provide a method for business clients to monitor and control their usage and reduce pilot operating cost, including a new pricing model that would turn live Internet into a money making proposition for charter operators instead of a constant argument over a huge bill.
For airlines; find a way to underwrite the transmission cost using embedded advertising. This could ensure every message pays for itself and generates further revenue opportunities for the airline from sponsored messages.
Create an exclusive in-flight client database which can be mined, and grows as each airline comes onboard, which will simultaneously enhance the potential to attract sponsors.
“Further,” said Ron “too prove the concept we would launch our solution on business jets, as we believed our network data cost would be so minuscule that we could save them thousands of dollars. So it all began with a global patent application back in 2006. At the time what we had to work with was primitive but by 2010 the worlds first flight of a Bluetooth network took place on a Falcon2000EX. It would take another 4 years of International flight testing, cellphone app development and a global network Email and SMS Integration, before the full commercial platform was released at NBAA in 2014. One year later, 3 new Apps, plus Android, IOS and Blackberry solutions covering some 35 Bizjetet installs and the company is about to release a prototype of the world’s first airline versions, called FFLYA. FFLYA is based on the latest Bluetooth 4 technology, which is now a standard component on all modern phones.”
THE SOLUTION CONCEPT, THE APPS AND THE SERVER:
Ron aptly described the problem and now would be a good time to describe his solution. The new service, called Grrrilla, is actually a combination of both narrow and broadband systems connected to the global cell phone and Email networks (2 smart Apps called CHiiMP and KONNG) that pairs the connectivity link with your device (Apple, Android, Blackberry) via Bluetooth (as many as 12 simultaneous network connections). Grrrilla incorporates a real time monitoring satellite service that permits pay-for-use for the Internet mode. He noted, “The price of this service will put other provider’s costs to shame. Imagine if you combine the unique messaging and unlimited connectivity capability of our Iridium CHiiMP App with the real time cost control and live internet management of our Inmarsat KONNG App, and what you might end up with is the worlds most affordable and unique airline platform! We needed to come up with a solution for the 94% of people that didn’t really want to pay a fortune for Wi-Fi but still wanted the ability to check their email and send a message and also wanted something that was international. Further, the Grrrilla network can automatically serve the whole aircraft because of the many channels available in a Bluetooth connectivity solution. And that is because Bluetooth is not a shared-resource network like Wi-Fi; it does not experience degradation as users connect since each user connects with an individual Bluetooth channel link to the aircraft cell network that resides in the small, white Bizet Mobile connectivity hub. Lastly, the network device is self – starting and is ready to serve customers when power is applied.”
We should note that BizjetMobile offers two main types of portable satcom devices, to support the CHiiMP and KONNG Apps. CHiiMP uses an Iridium-based system, with devices that hook into either an existing Iridium transceiver in the aircraft or one with the Iridium transceiver included. Because of the Iridium network’s relatively low bandwidth, ChiiMP is designed for those who want to be able to send text messages (SMS) and email and make voice calls, but not access the Internet. Emails are done through BizjetMobile’s GetMail service and can’t include attachments. (Please note that the Iridium satellite solution is available worldwide and will be compatible with Iridium NEXT.)
On the other hand, KONNG works on the Inmarsat SwiftBroadband (SBB) satellite network and like CHiiMP, it works with an existing SBB transceiver. Because of the greater bandwidth offered by SBB, KONNG offers Internet access in addition to SMS, Email and voice calling. While SBB works in most parts of the world, its coverage isn’t as widespread as Iridium and it delivers its’ capability thru Inmarsat.
As we mentioned earlier, ASiQ is able to deliver these In-Flight Personal Area Networks (IPAN) at a low cost structure because of Bluetooth’s optimized protocols, expanded range and speed since its’ first limited uses years ago. And while we are on it, you might wonder about using Bluetooth instead of Wi-Fi. We should point out that we are talking about Bluetooth 4.0 or Bluetooth LE, also known as ‘Bluetooth Smart’. Read what Wikipedia says about the technology:
“Bluetooth low energy (Bluetooth LE, BLE, marketed as Bluetooth Smart[1]) is a wireless personal area network technology designed and marketed by the Bluetooth Special Interest Group aimed at novel applications in the healthcare, fitness, beacons,[2] security, and home entertainment industries.[3] Compared to Classic Bluetooth, Bluetooth Smart is intended to provide considerably reduced power consumption and cost while maintaining a similar communication range. ”Bluetooth Smart was originally introduced under the name Wibree by Nokia in 2006.[4] It was merged into the main Bluetooth standard in 2010 with the adoption of the Bluetooth Core Specification Version 4.0. Mobile operating systems including iOS, Android, Windows Phone and BlackBerry, as well as OS X, Linux, and Windows 8, natively support Bluetooth Smart. The Bluetooth SIG predicts that by 2018 more than 90 percent of Bluetooth-enabled smartphones will support Bluetooth Smart.[5] Bluetooth Smart is not backward-compatible with the previous, often called Classic, Bluetooth protocol. The Bluetooth 4.0 specification permits devices to implement either or both of the LE and Classic systems. Bluetooth Smart uses the same 2.4 GHz radio frequencies as Classic Bluetooth, which allows dual-mode devices to share a single radio antenna. LE does, however, use a simpler modulation system.”
Note: In case you think Bluetooth Smart may be an issue with your communication device, here are a list of operating systems that comply: iOS 5 and later, Windows Phone 8.1, Windows and later 8, Android 4.3 and later Blackberry 10, Linux 3 and later, and Unison OS 5.2.
Notes Wikipedia: “Bluetooth Smart technology operates in the same spectrum range (the 2.400 GHz-2.4835 GHz ISM band) as Classic Bluetooth technology, but uses a different set of channels. Instead of the Classic Bluetooth 79 1-MHz channels, Bluetooth Smart has 40 2-MHz channels. Within a channel, data is transmitted using Gaussian frequency shift modulation, similar to Classic Bluetooth’s Basic Rate scheme. The bit rate is 1Mbit/s, and the maximum transmit power is 10 mW. Further details are given in Volume 6 Part A (Physical Layer Specification) of the Bluetooth Core Specification V4.0.”
But what about certification, we asked? Ron: “I think the best description of what we really have is a scatternet, rather than piconet, with random BT4 devices scattered all over the aircraft, capable of talking to each other and a master. Very excited to have someone help me tell this story as next year will be the tenth year since I embarked on this concept. Us Aussies are a bit slow. FYI The key point is Bluetooth is tested and document in the Itel report that it cannot interfere, plus DO294 has no issue leaving it on. All it means is the STC process on a Bluetooth access point is simple compared to Wi-Fi. RTCA D0-294B provides regulatory guidelines for authorities, aircraft operators and aircraft manufacturers to determine acceptable and enforceable policies for passenger and crew use of portable electronic devices. The uses of PED’s that communicate via a wireless Bluetooth PAN network are determined as T-PED’s (Transmitting Portable Electronic Device). The current edition of RTCA/DO-294B identifies a process for airlines to make a determination of acceptable use of T-PEDs. The determination of an interfering effect caused by a particular device on the navigation and communication system of the aircraft on which it is to be used or operated must, in case of an aircraft operated by the holder of an air carrier certificate or other operating certificate, be made by that operator (i e , certificate holder) In all other cases, a determination must be made by the operator and/or by the pilot-in-command (PIC) In some cases, the determination may be based on operational tests conducted by the operator without the need for sophisticated testing equipment ”
What does the RTCA say about Bluetooth? The RTCA D0-294 specific reference to Bluetooth enabled PED’s is listed below;
RTCA D0-294 (3.D.3.2) RF Considerations
Bluetooth-equipped devices occupy the same 2 4 GHz ISM frequency spectrum and utilize frequency hopping modulation schemes similar to some IEEE 802 11 WLAN devices; however, they operate at lower levels than WLAN devices
And…
RTCA D0-294 (8.A.4.3.1) Non-Critical Phases of Flight
While all PEDs should be switched OFF and fully disconnected from any in-seat electrical power supply during critical phases of flight, the operator may consider that these restrictions associated with active transmitting devices does not need to apply to low power transmitting devices that are fully compliant to the Bluetooth standard.
FLYING IN BUSINESS AVIATION TODAY:
ASi is able to provide these In-Flight Personal Area Networks (IPAN) at a low cost structure because of Bluetooth’s expanded range and speed since its first limited uses years ago, in addition to the lower certification costs compared to Wi-Fi. Bluetooth only uses 10 milliwatts of power, so it is completely safe for use on the aircraft and does not require extensive certifications like high-powered Wi-Fi networks do.
How will this be viewed by airlines? The one capability Bizjetmobile is not equally optimized for streaming live video. However, according to Chapman, most business aviation customers are more interested in email, calls, social media updates and the ability to communicate with family and share pictures through text. Leisure customers seeking entertainment are the source of high video demand. Airline customers are a bit different, and that is what we will cover in the next installment, Part 2, of The ASI Aviation Connectivity Solution
(Editor’s Note: If you can’t wait to talk to Ron about your Grrrilla application you can reach him at NBAA 310 469-4432 or ron.chapman@asiq.com.)"
http://airfax.com/blog/index.php/2015/11/15/out-of-the-bluetooth-comes-a-new-connectivity-option-for-airlines-the-asi-aviation-connectivity-solution-part-1/
Hi sleepers. Hope you're all well. Haven't updated here in a while. I'll do that soon, mostly removing losers from the list. A winner or two. Been busy. Life's ok
IPTK RYMM ERMS ETBI SWHN ASNB AGGX KLMK PRKA SRRY SHOM BNXR SWRI APLD SRSG MGTC
Yes totally agree. That's exactly what I will do as well if I get a chance for cheapies again.
There's a lot to like about the company. Their land is worth a lot more than it's on the books for. Their operations are viable if unexciting. This is the second time I've made money here on an outside promo. I'll wait until it falls and gets quiet and buy it back. No convertible debt. After this promo there will be a lot of overhead supply but that's ok. For those of us with patience it's a safe place to park money if it can be repurchased at .05 or less. imo of course :)
To be honest without the insider buying I wouldn't have done it and I think over time there will be something like a buyout or some other good developements on the company because otherwise insiders wouldn't have loaded up so much in the last few months.
Yup! Well done :)
PRKA, a great day for us. I have accumulated a lot lately because of that constant insider buying that happened in the last few months. It's payday today.
PRKA promo today. Take profits
Added some AGGX lately at .09
AGGX website under construction.
"Our intention to initiate clinical trials with our lead anti-cancer drug (AGX51-E2) is now supported by a commitment from The Trout Group, a highly respected investment firm in NYC. A contractual arrangement was completed in the latter part of 2014 and efforts are currently underway to present our technology and plans to potential investors. The Trout Group is taking an active part in these efforts and we expect that we will raise sufficient funds to launch preclinical efforts to achieve FDA approval for an IND that will allow us to initiate the first clinical trial in mid-2016."
Meaningful recent developments are:
Representation by The Trout Group
http://www.troutgroup.com/clients/overview
Memorial Sloan Kettering becoming a shareholder
Robert Benezra PhD (AGGX lead researcher) becoming a board member and shareholder
AGX-51 patented by AGGX
"Breast cancer metastasis remains one of the greatest clinical challenges in breast cancer. Thus it is critical to identify new therapeutic agents that are effective in inhibiting the development of metastasis. Dr. Benezra’s laboratory is studying a class of proteins called DNA binding/differentiation (Id) proteins (Id1 and Id3) as potential therapeutic targets to prevent metastasis. Id proteins have been shown to be overexpressed in primary and metastatic breast tumors and importantly, knocking out these proteins using genetic tools leads to a near complete inhibition of metastasis in experimental models. Dr. Benezra’s team identified an agent called AGX-51 that reduces the levels of Id1 and Id3 proteins leading to a decrease in lung metastases. When combined with the commonly used chemotherapy drug Taxol, AGX-51 further reduced lung metastases in a model of aggressive breast cancer. In the coming year, they will further investigate the antitumor activity of AGX-51 to better understand how it works to regulate Id1/Id3 proteins and will identify the gene expression changes associated with this action. These experiments are key to assessing the potential for novel anti-Id therapeutics in the management of metastatic breast cancer."
http://www.bcrfcure.org/researchers/robert-benezra
PRKA - 570,000 shares on 1/12 was insider buying, another 50,000 on 1/13
http://archive.fast-edgar.com//20160114/A3ZZI22CR222T2Z2222Q22ZB3HARZ22R2382/
AGGX some ask nibbling today, $1,525 worth. A big day for them :)
Interesting day at PRKA, highest volume since August, 2nd highest in over 2 years. I expect to see more insider buy filings. Holding some free shares, looking to add at the bid without success. Director bought 365,000 shares last week. Company has no convertible debt or preferred stock.
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